Royal Dutch Shell (RDSa.L) has signed a deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.
Regions
Salix Pharma to restate past seven quarters' results
Salix Pharmaceuticals Ltd said it would restate financial statements for all of 2013 and the first three quarters of 2014, adding to the drugmaker's list of woes.
Trial finds GSK Ebola shot is safe and provokes immune response
First results from a human trial of an Ebola vaccine from GlaxoSmithKline show it is safe and generates an immune response, scientists said on Wednesday, but larger trials are needed to see if it protects and if a booster is needed.
Air Force picks Boeing 747-8 to replace Air Force One
The U.S. Air Force said on Wednesday it would use Boeing Co's commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States.
Facebook tops Wall Street revenue target in fourth quarter
Facebook Inc's (FB.O) revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.
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Brazil's President Dilma Rousseff urged her cabinet on Tuesday to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.
Traditional markets sell more than 85 percent of the food consumed in sub-Saharan Africa, and rather than replacing them with Western-style supermarkets, governments should train local vendors to improve food safety, researchers say.
For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage - hardships the 86-year-old says won't kill him anytime soon.
Investors wiped $35 billion off Microsoft Corp's (MSFT.O) market value on Tuesday without any clear-cut, single explanation. The world's largest software company, whose shares had climbed about 30 percent over the past 12 months to near 15-year highs, instead worried investors with a series of troubling signals in its earnings report and conference call on Monday.
The U.S. Federal Communications Commission on Tuesday warned hotels and other entities against blocking personal Wi-Fi access, or hot spots, saying it was illegal and could incur heavy fines.
The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.
AT&T Inc (T.N) on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.
As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters.
Asian stocks showed some resilience on Wednesday as investors speculated whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amid signs a stronger dollar was hurting U.S. corporate profits.
