Maduro slams US for excluding countries from Americas Summit

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Caracas, May 28 | Venezuelan President Nicolas Maduro condemned the US for excluding his nation Cuba and Nicaragua from the upcoming Summit of the Americas to be held June 6-10 in Los Angeles.

Maduro expressed his government’s “firm, strong and total rejection of the imperialist vision that intends to exclude the peoples of the Americas” from a regional gathering, reports Xinhua news agency.

The Venezuelan President is currently in Havana for the 21st Summit of the Bolivarian Alliance for the Peoples of Our America-People’s Trade Agreement (ALBA-TCP), which took place Friday.

In contrast to Washington’s handling of the Americas Summit, the ALBA-TCP is inclusive and uniting, and works on issues that impact people’s lives and development in the region, he said.

“If there is anything truly democratic on this continent, it is ALBA, from the point of view of its debates and the sharing of diversity,” Maduro stressed.

On Thursday, US coordinator of the Americas Summit Kevin O’Reilly reiterated that the governments of Cuba, Nicaragua and Venezuela, all members of ALBA-TCP, had not been invited to participate in the meeting.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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