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Turkey is seeking higher oil flows through a crucial pipeline that runs through its territory from northern Iraq in order to renew a contract that expires in a little over a month, according to a Turkish official with direct knowledge of the matter.
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Former Federal Reserve Chair Ben Bernanke famously said monetary policy is 98% talk and only 2% action. Kevin Warsh wants to shake up the mix.
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Sweden and Norway face contrasting economic risks, but the two Nordic neighbors are still likely to emerge with the same outcome of no change for borrowing costs this week.
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Blackstone Inc. rolled out a platform to lend against physical assets like inventory and equipment, as alternative asset managers increasingly muscle into territory long dominated by banks.
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Chancellor of the Exchequer Rachel Reeves said her ambition is to balance the budget in 2029, a more demanding target than her current fiscal rules as she pledged to make Britain less at the mercy of the bond markets.