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Oil rises on US-Iran tensions, but trade war concerns weigh

SINGAPORE: Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club Opec will continue to withhold supply this year. But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown. Brent crude futures, the …

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IL&FS initiates claim process for 70 group entities

Mumbai, May 21 () Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) Tuesday said it has initiated claims management process for 70 group entities. The claims process is being run to crystallise the financial and operational liabilities of the group to facilitate distribution of proceeds from the resolution process, it said. …

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