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Fitch: Mining strikes not to hurt L.America ratings

The frequency of strikes in metals and mining companies in Latin America are not likely to lead to rating downgrades in the region in 2010, according to Fitch Ratings.. The companies that have tapped the debt capital markets, namely in Brazil, Chile, Mexico and Peru, tend to have diversified operations, enabling them to effectively weather strike action.

Arizona border businesses lose key Mexican clients

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Adalberto Lopez' family-run musical instrument shop in the bustling Arizona border city of Nogales sells guitars and accordions to foot-stomping banda musicians and mariachis who cross up from Mexico to shop.
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Wal-Mart beats Street but warns on outlook

Wal-Mart Stores Inc's quarterly results beat Wall Street expectations, as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 3 percent.
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Yamana Gold revenue jumps on output

Yamana Gold's first-quarter revenue jumped 62 percent on higher gold prices and rising production, the company said on Monday, but its profit eased due to a huge foreign exchange gain in the year-before period.
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BP struggles to stop Gulf of Mexico oil leak

BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.
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Asia, Africa to drive coffee production growth

A dynamic model was used to make coffee projections. It covers the major exporting and importing countries of green coffee. Supply, demand and stock functions were estimated for each of the major exporting and importing countries. The model performs dynamic simulation forward in time and generates forecasts on the basis of assumptions for the future behaviour of GDP, consumer price indices and exchange rates.
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Gulf of Mexico oil spill largest in US history

The massive oil spill in the Gulf of Mexico, leaking from a ruptured well moved closer to the mouth of the Mississippi River. Analysts said the oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast.
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Household goods makers get emerging markets lift

Developing markets were critical for consumer product makers last quarter, as strong sales growth in countries like China helped drive profits while markets such as the United States remain somewhat sluggish.
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Whirlpool sees strong 2010; shares soar

Whirlpool Corp's quarterly profit and full year forecast surpassed Wall Street estimates, helped by sales in Brazil, Asia and North America, sending shares in the world's largest appliance maker up 14 percent.
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Ford to recall 33,256 vehicles to fix seat fault

Ford Motor Co will recall 33,256 of its 2010 model year cars and SUVs to replace potentially faulty front seat recliner mechanisms that could lead to injuries in an accident, according to a notice filed with U.S. safety regulators.
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Halliburton profit off as Latin America weighs

Halliburton Co , the world's second-largest oilfield services company, reported a 46 percent drop in first-quarter profit on Monday, hurt by charges in Venezuela and weak demand across Latin America.
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Countries to release anti-piracy text as deal nears

Countries negotiating a deal to curb trade in fake and pirated goods are close to reaching an agreement in talks that have raised concerns among digital rights advocates, U.S. trade officials said on Friday.
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WHO admits shortcomings in handling flu pandemic

(Reuters) - The World Health Organization conceded shortcomings on Monday in its handling of the H1N1 swine flu pandemic, including a failure to communicate uncertainties about the new virus as it swept around the globe.
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Markets salute euro zone deal on Greece, for now

Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default evaporated.
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Constellation Brands outlook weak; shares dip

Constellation Brands Inc forecast full-year results below Wall Street estimates, reflecting its concerns about lackluster consumer spending on its alcoholic drinks and a frayed joint venture with Mexico's Grupo Modelo, sending shares down 4.6 percent.
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Constellation Brands beats Street but outlook weak

Alcoholic drinks maker Constellation Brands Inc reported a higher than expected quarterly adjusted profit on Friday, as higher wine and vodka sales made up for weak imported beer sales, but forecast full-year earnings that would fall short of Wall Street estimates.
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India to expand basmati rice markets to boost export

India, world's largest producer of aromatic, premier variety basmati rice, is planning to expand its market by exporting to two more countries and increasing shipments to existing country, said APFPEDA official on Friday. State run Agricultural and Processed Food Products Export Development Authority (APFPEDA) said that Mexico has contracted for the basmati rice and China is expected to open a market for premium rice soon.
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Greenspan says U.S. house prices still fragile

Former Federal Reserve Chairman Alan Greenspan said on Wednesday U.S. house prices appeared to have bottomed out but were still fragile and that the country would not be out of crisis until prices stabilized.
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Ingredient in tequila plant may fight osteoporosis and other diseases

The agave plant that gave the world tequila contains fructans which may help protect against osteoporosis by boosting the body's absorption of calcium and could have other health benefits, as reported by scientists at the 239th National Meeting of the American Chemical Society (ACS).

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