‘Brutal act of aggression’: Cuba denounces Trump’s tariff threat, alleges ‘blackmail and coercion’

Donald Trump (File photo) Cuba dismissed US President Donald’s Trump’s tariff threat on Friday, calling it a “brutal act of aggression”. Trump signed an executive order threatening tariffs on countries selling oil to the Caribbean island.“We denounce to the world this brutal act of aggression against Cuba and its people, who for more than 65…

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Rupee nears 92/$, RBI helps cap fall

Mumbai: The rupee ended Thursday at 91.96 to the dollar, down 18 paise from its previous close of 91.78, after slipping to a record low near the 92 level before recovering marginally on dollar sales by public sector banks on behalf of RBI. The dollar index edged up about 0.12% to around 96.27, adding to…

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Brent tops $71/barrel, approaches Aug high

London: Brent oil futures prices jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, Opec‘s fourth-largest producer with output of 3.2 million barrels per day.“The immediate concern … is the collateral damage done if Iran takes a swing at its neighbours or possibly even more…

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Amend law to reduce PSU stake below 51%

Govt may consider reducing its stakes in PSUs from the currently mandatory 51% to 26% and yet keep effective control of management of the company, says the Survey. This could be done through an amendment to the Companies Act, which stipulates that to mark a company as a ‘govt company’, govt must have a 51%…

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