Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday. The long-planned and repeatedly delayed...

Oil prices dropped on Wednesday after an industry report showed an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill. Brent crude futures were down 38 cents, or 0.8%, to $49.70 a...

Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries about a slower recovery in fuel demand. Brent crude slid $1.74, or 3.3%, to $50.52 a barrel by 0745 GMT after...

Apple Inc said on Monday it is investigating whether a Taiwan contractor, Wistron Corp, flouted supplier guidelines at an iPhone manufacturing facility in India, after some workers ransacked the plant in a protest over unpaid wages. Thousands of contract workers gathered on the grounds of...