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Brazil Real gains on impeachment momentum as Ibovespa weakens

  Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...

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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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