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Chile

Brazilian Government Plans For Social Program Cuts Amid Recession

Latin America Economic Growth Has Left Some People Behind

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

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Douglas Tompkins

US billionaire Douglas Tompkins dies in kayak accident in Chile

Adventure brand and Esprit owner and co-founder of the North Face outdoor company, Douglas Tompkins, died in a kayaking accident in Chile. He spent a large percentage of his wealth on environmental conservation.

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Andrew Robb

Breakthrough in Trans Pacific trade talks

After five years of negotiations, 12 Pacific nations are about to conclude on a free trade agreement (FTA) as these countries have arrived on an understanding on Trans Pacific Partnership (TPP) deciding monopoly on new biotech drugs.

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Copper

New reckoning for copper miners now running in the red

Nearly a quarter of the world's major copper mines are running in the red, even after producers including Codelco [COBRE.UL] and BHP Billiton engage in their deepest cost-cutting in years, according to a Reuters analysis.

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China-CELAC

China's Xi woos Latin America with $250 billion investments

Chinese President Xi Jinping pledged on Thursday $250 billion in investment in Latin America over the next 10 years as part of a drive to boost resource-hungry China's influence in a region long dominated by the United States.

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New York City

NYC grabs back top spot for global property investors

New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday.

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U.S. President Barack Obama

Obama says momentum building on 'historic' trans-Pacific trade deal

U.S. President Barack Obama said on Monday he sees momentum building for a Washington-backed free trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour.

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Mining

Xstrata founder Davis bids for Anglo American assets

Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources.

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Copper refinery

Chile copper boom begins to fade as production headaches mount

The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.

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Kaitek Labs

Chilean government grants $350K to Kaitek Labs to develop red tide detector

The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.

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Rise Capital

US venture capital firm Rise Capital to raise $146M to back startups in emerging markets

San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.

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Universidad le las Americas

Regulators strips off accreditation of private equity-backed university in Chile

Chilean regulators have removed the accreditation of Universidad de las Americas, a university owned by Laureate Education where the honorary chancellor is former President Bill Clinton, Bloomberg reported.

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Chile

San Diego-based Origo Ventures receives $1M CORFO grant

San Diego-based venture capital fund Origo Ventures secured a grant worth $1 million from the investment arm of the Chilean government called CORFO. Proceeds will be used to invest in promising startups in Chile.

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Adcock

Chile-based CFR Pharmaceuticals shareholders sweetens bid for South Africa's Adcock

Shareholders of Chile-based firm CFR Pharmaceuticals gave a nod on Friday for a sweetened takeover offer for South African drug maker Adcock Ingram in a bid to woo the top shareholder of the South African firm.

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Norske Skog

Norwegian paper manufacturer Norske Skog agrees to offload remaining stake in Brazilian unit for $37M

Norway-based newsprint and magazine paper manufacturer Norske Skog inked an agreement to exit its remaining stake in its Brazilian operations to Papeles Bio Bio SA for $37 million.

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