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CSN Pulls Out Of US Deal

Dec 18, 2006

Brazilian steelmaker Companhia Siderúrgica Nacional has terminated a merger agreement with US steel company Wheeling-Pittsburgh, CSN announced Friday....

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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