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Daily News July 22, 2015

Brazil may cut spending further to shield finances Brazil may cut spending further to strengthen its finances following a sharp drop in tax revenues, Finance Minister Joaquim Levy said, without ruling out the possibility of lowering the government’s key budget surplus target. The government is considering an additional cut of up to $4.73 billion in discretionary spending this year, but even with that it will likely fail to reach its primary goal, an official said. Reuters reports. Wal-Mart de Mexico sales rise Retailer’s profits boosted by sales of restaurant and banking units Retailer Wal-Mart de Mexico posted its strongest sales […]
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