Business NewsWithin the latest salvo between the world’s two largest economies on Tuesday, China accused the United States of “excessive pressure and blackmailing” and vowed to retaliate after US President Donald Trump threatened to impose a 10 per cent tariff on $200 billion of Chinese items.

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The corporate stated the choice to boost prices was made in response to sustained will increase in wholesale power costs on international markets. China fires back in Trump’s trade conflict. Europe’s foremost inventory markets have slumped in the beginning of trading, mirroring heavy losses across Asia on global commerce war fears.

Dr Ali bin Azan al Hashami, deputy secretary of the actual estate registry on the Ministry of Housing, stated that the worth of traded contracts in Oman’s real property sector exceeded RO256mn by the tip of Might this year. The collected fees from real estate transactions stood at RO8.34mn during the first 5 months of 2018, he mentioned.

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The rupee on Friday edged larger to 68.15 against the US dollar, extending its recovery after falling to 18-month low sixty eight.forty two on Wednesday. Regardless of the transient restoration, the rupee is not far-off from its all-time low of 68.87 vs US greenback, recorded in November 2016. Besides outflows from domestic capital markets, a rising greenback and a surge in international crude prices have weighed on the rupee. The rupee is down over 6 per cent in opposition to the US dollar thus far this 12 months. Foreign exchange advisory firm IFA International says that the potential for rupee heading in direction of 70 per dollar is rising. There is a nonetheless room for additional depreciation from current ranges, it provides.

Within the latest salvo between the world’s two largest economies on Tuesday, China accused the United States of “extreme pressure and blackmailing” and vowed to retaliate after US President Donald Trump threatened to impose a 10 per cent tariff on $200 billion of Chinese goods.

As Prime Minister Narendra Modi completes four years in the workplace on Friday, 25 May 2018, we take a look at 4 successful feats achieved under or proposed by Modi authorities that steered the home inventory market to document excessive levels. The Indian Banks’ Association (IBA) had earlier provided an increase of 2 per cent over the full wage invoice of the banks, which was rejected by the unions.

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