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
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering up with Grand Rounds, a start-up that sells into the employer channel, to make...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
deal@ (Releads, adds details)
ST PETERSBURG, June 7 (Reuters) - OPEC is close to agreeing to extend an oil supply-cutting agreement beyond June, Saudi Arabia's energy minister said on Friday, though the question is how to accommodate participating non-OPEC countries.
The Organization of the Petroleum Exporting Countries, Russia and other non-members agreed in December to reduce supply by 1.2 million barrels per day from Jan. 1 until the end of this month. They meet in coming weeks to decide their next move.
"On the OPEC side, a rollover is almost in the bag. The question is to calibrate with non-OPEC," Saudi Energy Minister Khalid al-Falih said at an economic forum in St Petersburg, Russia.
"I'm hoping it will be an easy decision and that we'll roll over, but if it's not, we will be flexible in terms of our position in the kingdom."
He said that he saw no need to deepen the supply cut.
The minister earlier said he was unwilling to engage in a race to increase oil output to compensate for lower prices, saying a return to the price-crash environment of 2014-15 would be unacceptable.
Falih said perfect stability on the oil market had not been achieved and that prices were being influenced by factors outside OPEC's control. (Reporting by Katya Golubkova, Dmitry Zhdannikov, Olesya Astakhova; Writing by Tom Balmforth and Alex Lawler; Editing by Dale Hudson)