VIENNA - OPEC will extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude oil.
Business & Financial News, U.S & International Breaking News
S&P, Nasdaq open at record highs after Fed minutes
The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum and that they would raise interest rates soon.
Jobless claims edge up; goods trade deficit widens
The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44-year low, suggesting further tightening in the labor market.
Lack of new launches leaves Ford playing catchup with GM
James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co.
Under U.S. Republican bill, 23 million would lose health coverage: watchdog
A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday.
Trump faces rougher reception in NATO, EU meetings
After a warm welcome in the Middle East and a "fantastic" visit with the pope, U.S. President Donald Trump walks on shakier ground on Thursday when European Union and NATO leaders will press him on defense, trade, and environmental concerns.
Trump, Macron engage in a little handshake diplomacy
U.S. President Donald Trump and French President Emmanuel Macron barely know each other but they seemed to have a hard time letting go when they first met on Thursday.
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