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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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Google, Android system start to cut ties with Huawei

SAN FRANCISCO: US internet giant Google, whose Android mobile operating system powers most of the world’s smartphones, said on Sunday it was beginning to cut ties with China’s Huawei, which Washington considers a national security threat. In the midst of a trade war with Beijing, President Donald Trump has barred …

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