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Markets go crazy as South American weather hurts crops

  Bloomberg It’s been a wild few weeks in the agriculture markets. Floods in Argentina and drought in Brazil have sent futures markets from Chicago to Paris into a tizzy, with corn, soybean and wheat prices surging in the first half of last week before slumping back down. While Louis Dreyfus Co.’s chief executive officer has said 2015 was defined ...

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Argentina studies sale of $5bn in assets

  Bloomberg Argentina is considering submitting a bill to congress that would allow the state pension manager to sell as much as 70.6 billion pesos ($5 billion) of shares in publicly traded companies, according to a person familiar with the government’s plans. President Mauricio Macri’s government may submit the proposal before July or issue a decree to modify the pension ...

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Putin badly needs a workable domestic plan

  The Russian government has approved a sober, and sobering, economic forecast for the next three years. The country’s prospects look so joyless that President Vladimir Putin may finally start listening to the mainstream economists who have stuck with him despite his unconcealed preference for a huge public sector tempered with a dose of crony capitalism. Today’s Russian leaders appear ...

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