Oil prices firm on Iraq tensions

Oil firm IraqSingapore: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said.

US benchmark West Texas Intermediate was up 31 cents to USD 107.14, while Brent crude gained 35 cents to USD 115.16 in mid-morning trade.

"We see oil retaining support from the violence in Iraq, but markets have already priced in a significant risk premium in the last few weeks," David Lennox, resource analyst with Fat Prophets in Sydney, told AFP.

I will sing at Michelle's wedding, if she wants to: Max George

Max GeorgeLondon: Wanted star Max George has revealed that he is still on good terms with former fiancee Michelle Keegan and would happily sing at her wedding to Mark Wright.

The 25-year-old singer, who was previously engaged to the former `Coronation Street` actress, said they are friends now, reportedly.

"Ha! I don`t think so, although I am around. I`m not touring. I`m free if they want a wedding singer. I`d do it!" he said, when asked if he has been inivted to Keegan`s wedding.

Red Bull say Renault performance unacceptable

Red Bull say Renault performance unacceptableSpielberg - Formula One champions Red Bull called for change at engine partners Renault after an `unacceptable` performance in Sunday`s Austrian Grand Prix.

Quadruple world champion Sebastian Vettel retired from the race at Spielberg with an electronics problem, his third failure to finish this season due to an issue with the new V6 turbo hybrid power unit.

"The reliability is unacceptable. The performance is unacceptable. There needs to be change at Renault," team principal Christian Horner told reporters.

Lily Allen gives away free Glastonbury tickets

Lily AllenLondon: Pop star Lily Allen has revealed she gave away her free Glastonbury ticket allocation to random villagers, rather than giving it to ungrateful friends.

The 29-year-old `Hard Out Here` singer is set to perform at the iconic music festival next week and she didn`t want to give her free passes to people who never really appreciate it, suggest reports.

Rail passenger fare hiked by 14.2%, freight rates by 6.5%

TrainNew Delhi: In a pre-budget move, cash-strapped railways on Friday effected a steep across-the-board hike of 14.2 percent in passenger fares in all classes and a 6.5 percent increase in freight rates to garner Rs 8000 crore a year.

The decision, which will come into effect from June 25, marks implementation of an announcement of May 16, the day Lok Sabha election results came, when the hike was announced but put on hold immediately.

In a flip-flop, the Ministry first announced that today's hike will be implemented with immediate effect but later changed it to June 25, saying the officials needed time to execute it.

Arun Jaitley calls rail fare hike decision correct

Arun Jaitley calls rail fare hike decision correctNew Delhi, June 21 : Finance Minister Arun Jaitley here today defended Bharatiya Janata Party (BJP) for increasing railway price.

"The Railway minister has taken a difficult but a correct decision," says Jaitley. "India must decide whether it wants a world class Railway or a ram shackled one. By withdrawing the countermanding order, the present Railway Minister has taken a challenging decision," he added.

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