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Paraguay's Ruling Colorado Party Keeps Strong Presence in Senate

Paraguay's business-friendly ruling party performed better than expected in Sunday's Senate election, losing fewer seats than polls had projected and ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world's No. 4 soybean exporter had feared that the new Senate might approves a measure, defeated last year, that would slap a 10 percent levy on exports. Surveys had projected that the ruling Colorado Party, whose...


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