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Labour loses vote on UK austerity, pay cap

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LONDON The opposition Labour Party lost a vote to try to force Theresa May to change her austerity agenda and increase public sector pay on Wednesday, in the first of many expected challenges to the prime minister's ability to govern.

Brazil central bank wants new rules for overdraft credit: sources 1:00am BST

SAO PAULO Brazil's central bank is considering capping the period during which banks' clients can use overdraft protection, in a push to reduce the interest rates paid by consumers, according to two sources with knowledge of the matter.

Brazil central bank wants new rules for overdraft credit -sources 12:59am BST

SAO PAULO, June 28 Brazil's central bank is considering capping the period during which banks' clients can use overdraft protection, in a push to reduce the interest rates paid by consumers, according to two sources with knowledge of the matter.

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Brazil Supreme Court justice sends charge against president to Congress 28 Jun 2017

BRASILIA A Brazilian Supreme Court justice sent a corruption charge against President Michel Temer to Congress on Wednesday, advancing the process under which the centre-right leader could be removed from office to face trial for graft.

Brazil's ruling party leader in Senate quits ahead of labour reform vote 28 Jun 2017

BRASILIA A harsh critic of President Michel Temer in Brazil's Senate quit the leadership of the ruling party on Wednesday, exposing a rift within Temer's coalition but suggesting the president retained enough support for a key vote on a labour overhaul.

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Carrefour's Brazil unit seeks up to $1.7 billion in IPO 28 Jun 2017

SAO PAULO/PARIS French retailer Carrefour SA's Brazilian unit has filed for an initial public offering that could raise 4.5 billion to 5.6 billion reais ($1.4 billion to $1.7 billion) next month, making it Brazil's biggest listing in over four years.

Exclusive - Brazil's Omega targets $608 million IPO, source says 28 Jun 2017

SAO PAULO Omega Geração SA, a Brazilian renewable energy firm, and shareholders expect to raise between 1.7 billion reais and 2 billion reais ($517 million and $608.25 million) in an initial public offering that could price as early as next month, a person with knowledge of the plan said on Wednesday.

Exclusive: Brazil's Omega targets $608 million IPO, source says 28 Jun 2017

SAO PAULO Omega Geração SA, a Brazilian renewable energy firm, and shareholders expect to raise between 1.7 billion reais and 2 billion reais ($517 million and $608.25 million) in an initial public offering that could price as early as next month, a person with knowledge of the plan said on Wednesday.

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Meat importing countries raise inspection bar for Brazil 28 Jun 2017

WINNIPEG, Manitoba/CHICAGO Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors.

Brazil suspends passport issuance due to budget crunch 28 Jun 2017

SAO PAULO Brazilian authorities have suspended the issuance of passports indefinitely due to a lack of funding, as the federal government grapples with a budget crunch and political infighting over control of the coffers.

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Iraqi military pushes deeper into Mosul's Old City

MOSUL, Iraq Iraq's military pushed deeper into Mosul's Old City on Wednesday, taking two more districts from Islamic State and bringing it closer to total control of the city.