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Chile economic rebound on hold as central bank cuts forecast

Bloomberg Chile’s long-heralded economic recovery is on hold once again, at least for the rest of this year, the central bank said, cutting its growth and inflation forecasts for 2016. The world’s largest copper producer will expand 1.25 percent to 2.25 percent this year, policy makers said in their quarterly monetary policy report on Monday. The previous estimate was 2 ...

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Strapped Rio fund starts talks with holders of $3.1 billion debt

Bloomberg Rioprevidencia, the pension fund for public-sector workers from Rio de Janeiro state, is holding informal talks with holders of its $3.1 billion in bonds after a waiver for breached debt-covenants expired. Rioprevidencia, which is grappling with a 10 billion-real ($2.8 billion) budget hole this year, isn’t currently considering a full restructuring of its dollar-denominated debt and hasn’t hired any ...

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Riding high on retail boom, UAE to host Smart Stores Expo

Emirates Business Positive economic outlooks, remarkable increase in tourist footfall, rise in per capita income combined with altering consumer behaviours, are together acting as a positive growth catalyst for the retail sector in the UAE. Gauging the immense potential of this sector, corporates are giving sufficient impetus upon improving their facilities and offering customers one of the best shopping experiences.As ...

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Maserati Polo Tour to kick start in April

Sunaina Rana / Emirates Business The Italian luxury car manufacturing company, Maserati announces Dubai as the second location for the Maserati Polo Tour 2016. This event will be second in row after the ‘Snow Polo World Cup’ in Switzerland in January. The Maserati Dubai Polo Challenge will take place from April 3-8 at Desert Palm Polo Club. The participants would ...

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Marina Mall marks 15 years of ‘inspiring moments’

Emirates Business Marina Mall, the capital’s leading shopping destination, is celebrating its 15th anniversary with the launch of the ‘15 Years of Inspiring Moments’ festival. From March 28 to April 11, visitors can enjoy 15 days of fun-filled activities at Abu Dhabi’s favourite mall. From Burger House and Huguette to Guy Crêperies, Man’oushe Street and Meylas, food trucks will be ...

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Codemotion to bring tech talents around the globe

Emirates Business Organisers of Codemotion Dubai, to be held from April 1–2 at the Impact Hub, Downtown Dubai, have announced that there is a high demand for tickets for one of Europe’s largest tech conferences devoted to coding development, which is being held for the first time in the Middle East. Offering a unique platform for pioneering coding developers and ...

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