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The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
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The U.S. is expected to lift sanctions on Iran and unfreeze funds and assets linked to the country's regime, under a 14-point memorandum of understanding provided to NBC News by a senior U.S. official
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BMW blamed a slowdown in its Chinese market, as well as disruption from the Iran war, as two reasons for the slashed guidance.
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The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
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Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matches the document.
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U.S. Treasury yields were little changed on Wednesday as investors await the outcome of Kevin Warsh's first Federal Reserve policy meeting.
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Despite military setbacks during the war, Tehran is presenting a narrative of victory before negotiations with Washington.
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In its statement, the RBA said that inflation was "still too high," which warranted to keep the cash rate unchanged
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