Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Facebook is leading the FANG stocks this year, and Miller Tabak's Matt Maley foresees more upside.Trading Nationread more
Ford says its 2020 Mustang Shelby GT500 has 760 horsepower and 625 foot-pounds of torque, making it the most powerful street-legal Ford.Autosread more
SYDNEY, June 5 (Reuters) - Commodity companies are pushing to meet Papua New Guinea's new prime minister, who is set to deliver a nationwide address on Wednesday as he starts to overhaul the way the gas-rich country manages its vast natural resources.
James Marape's speech is due to be broadcast around 6 p.m. local time (0800 GMT), just as thousands around the rugby league-loving nation gather at their televisions ahead of the State of Origin match, a big derby in Australia.
The former finance minister promised he would be "taking back" the economy under his leadership when parliament elected him prime minister last week in the wake of Peter O'Neill's resignation from the position.
Marape had quit as finance minister over the government's handling of a gas agreement struck in April with French oil major Total SA and rode a wave of discontent over that deal, and an earlier one with ExxonMobil Corp, into the top office.
Mark Bristow chief executive of the world's second-biggest gold producer, Barrick Gold Corp, on Monday met Marape in the capital, Port Moresby, to negotiate an extension to a large mining lease expiring in August.
"We are engaging with the government to breathe new life into our long-standing partnership," Bristow said in a statement.
Barrick and China's Zijin Mining each own 47.5 percent of the highlands' Porgera mine, which Barrick said has paid 4.2 billion kina ($1.2 billion) in taxes and royalties since it began operations in 1990.
"To sustain mine operations, however, it will require a significant capital injection, and it is difficult to justify that kind of investment without the security of an extended mine lease," Bristow said.
Other commodity firms, as well as the diplomatic community, will be paying close attention to the speech and the announcement of Marape's ministry later in the week.
Newcrest Mining, which runs the Lihir gold mine in the country and is also developing one of the world's largest untapped reserves there in a joint venture with South Africa's Harmony Gold, has written to Marape but has not met him since he became prime minister, a spokesman said.
Total has said it expects April's contract signed by the previous administration to be honoured.
Paul Barker, executive director of the Institute of National Affairs, a think-tank based in Port Moresby, said the resources sector would have to prove it was making adequate contributions to the economy.
Local media has reported that coffee growers in the country have been pushing for reform of the government-subsidised sector.
($1 = 3.4843 kinas) (Reporting by Tom Westbrook; Editing by Joseph Radford)