Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Biden team's second quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
United Airlines reports second-quarter earnings.Airlinesread more
Charles Evans spoke Tuesday at CNBC's @Work Human Capital + Finance Conference in Chicago. The Fed president said he is worried about low inflation and several other issues.At Workread more
But it's important to separate this very real threat from Thiel's specific allegations about Google, which were presented without proof, and from his claims that Google has...Technologyread more
In prepared remarks for a congressional hearing, Facebook says Instagram and WhatsApp have had a greater chance to thrive after merging.Technologyread more
The speech comes as market participants are strongly anticipating a rate cut at the July 30-31 Federal Open Market Committee policy meeting.The Fedread more
The electric car company is making price cuts to some of its vehicles and announced updates to its lineup.Technologyread more
(Adds details, background)
BAGHDAD, Jan 31 (Reuters) - Iraq's Basra Oil Co has agreed a deal with state-run Iraq Drilling Co to drill 40 new oil wells in the giant southern Majnoon field, the Oil Ministry said on Thursday.
The deal will help boost output from the Majnoon oilfield to 450,000 barrels per day (bpd) in 2021, the ministry said in a statement.
Majnoon is now producing around 240,000 bpd, according to oilfield officials.
The new wells are in addition to the 40 that Iraq and U.S. company Schlumberger Ltd agreed on Dec. 19 to drill in Majnoon.
Royal Dutch Shell exited Majnoon last year, handing operations to state-run Basra Oil.
Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, is pumping below its maximum capacity of nearly 5 million bpd in line with an agreement among OPEC and other exporters to curtail global supply. (Reporting by John Davison and Ahmed Rasheed; Editing by Dale Hudson and Susan Fenton)