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UBS Takes 40% of Jumbo

Mar 31, 2011

Chilean retailer Cencosud says UBS has agreed to acquire a 38.6% stake in its Argentina unit Jumbo Supermarkets for $442m plus an...

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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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