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Steel and mining companies continued to see strong declines in the 3Q14, though they were balanced out by gains in food and beverage companies.  Revenues at 25 of the largest multilatinas saw a slight decline when compared with a year earlier, with the average down -0.4%. However there were wide variations across the board: while mining and steel companies continued to see decline (perhaps evidence of the slowing the commodity boom, and less government infrastructure spending), food and beverage companies offset those losses with strong gains. In percentage terms, Brazilian mining giant Vale saw a 26% decline in revenues. The […]
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