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Canadian agency extends application for Petronas LNG project by 3 months

Bloomberg Canadian regulators extended by three months Petroliam Nasional Bhd.’s application to build a liquefied natural gas terminal on the nation’s Pacific coast so the Malaysian company can provide more information about the project’s environmental impacts. The Canadian Environmental Assessment Agency announced the extension in a filing after Pacific NorthWest LNG, as the project is known, detailed changes to its ...

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Chile’s economy expands at 2nd-slowest pace in 6 years

Bloomberg Chile’s economy grew less that expected in the fourth quarter, expanding at the second-slowest pace in six years, as two years of weak growth was exacerbated by a renewed decline in manufacturing. Gross domestic product grew 1.3 percent from a year earlier, the central bank said on its website. From the previous quarter, GDP expanded 0.1 percent. Increased fiscal ...

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Unstable Argentine peso is just what the central bank ordered

Bloomberg Argentina’s peso is the world’s most volatile currency, and that’s fine with the central bank. Big swings are usually not something policy makers want. Officials around the world have procedures in place to ward off the rapid ups and downs that make it difficult for businesses to plan and leave savers nervous about staying in the national currency. But ...

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