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Chile's manufacturing production plummets in May, sharpest decline in over three years

Manufacturing production in Chile posted its largest decline in over three years in May, weighed down by weak data from the fishing industry, data from the statistics agency INE agency showed on Tuesday.The country's manufacturing output was down 7.2% in the month on a yearly basis, the sharpest de…

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Economy
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Hopes of finding more survivors of Venezuela earthquakes fade

Rescue teams in Venezuela were losing hope on Tuesday of finding more survivors of twin earthquakes that struck the country last week, following hours of grueling work searching for victims beneath the rubble of collapsed buildings.Rescue teams from Ecuador and the U.S. halted operations early on T…

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Lime's scooter-rental IPO includes an uphill ride

By Sebastian PellejeroBike and scooter rental companies tend to run out of road. Lime is racing to prove it is an exception, with an initial public offering that concedes the business can't keep rolling without additional funds. Boss Wayne Ting will be pedaling hard to justify the targeted $1.8 bi…

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Brazil to unveil rural debt renegotiation proposal in coming days, finance minister says

Brazil's Finance Minister Dario Durigan said on Tuesday that the government will announce a proposal on rural debt renegotiation in the coming days.Earlier this month, Durigan said the government wanted to take a "constructive" approach to limiting the fiscal cost of a broad support package for the…

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Economy
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Inflation cools in biggest euro economies, easing rate hike urgency

By Leigh ThomasInflation slowed more than expected across most major euro zone economies in June, preliminary data showed on Tuesday, easing pressure on the European Central Bank to raise interest rates in the near term.Germany, France and Italy all reported softer-than-expected readings, while Spa…

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Economy
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China Resources New Energy's shares to debut in Shenzhen on July 2

China Resources New Energy's (001248.SZ) shares will debut on the Shenzhen Stock Exchange's main board on July 2, a stock exchange filing showed on Tuesday.The IPO, which could raise as much as 24.5 billion yuan ($3.61 billion) if an option to sell additional shares is fully used, is set to become…

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