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Iran rejects Trump offer of talks as ‘humiliation’, without value

LONDON: Senior Iranian officials on Tuesday rejected US President Donald Trump’s offer of talks without preconditions as worthless and “a humiliation” after he acted to reimpose sanctions on Tehran following his withdrawal from a landmark nuclear deal. Separately, Iranian President Hassan Rouhani said Trump’s repudiation of the accord reached in 2015 was “illegal” and Iran would not easily yield to Washington’s renewed campaign to strangle Iran’s vital oil exports. In May, Trump pulled the United States out of the…

Microsoft soars past $800 billion in value after bumper results

Shares of Microsoft were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. Shares of one of the technology world’s oldest and best-known names rose 4 percent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday. At least six brokerages raised their price targets on the company’s stock after the…

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asia Friday, after the US Senate approved a bill to build an oil pipeline from Canada to refineries in the US Gulf Coast, adding to concerns over a supply glut.