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Colombian president expects voters to reject Venezuela model

Bloomberg Colombian voters will reject the socialist “Venezuelan model” when they go to the polls in just more than two weeks to decide between the two candidates who’ve qualified for the nation’s runoff election, the outgoing president predicted. “In this election, people are going to go to the polls and definitely say ‘no’ to the Venezuelan model that some want ...

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Argentina expects record $90b exports on commodities boom

Bloomberg Argentina’s government is expecting record export levels this year as the nation benefits from the surge of commodity prices. South America’s second-largest economy is forecast to export $90 billion of goods this year, according to a senior government official who asked not to be named to discuss unpublished projections. That would be at least a 15% jump from last ...

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Slump in new car sales raises specter of US recession

Bloomberg Slumping US new car sales in May on continued high prices and low inventories have some analysts worried those lower-than-expected results could be a harbinger of a broader economic downturn. Sales of new cars last month fall to 12.8 million vehicles at a seasonally adjusted annualized rate, representing an 11% drop from April, according to data compiled by Wards ...

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