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Declining profits and a gloomy global outlook are forcing Vale (VALE +1.4%) take a closer look...
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Thursday, July 26, 2012, 4:42 PM ETDeclining profits and a gloomy global outlook are forcing Vale (VALE +1.4%) take a closer look at its planned $21.4B investment budget for 2012, with a "continuous review" underway, CEO Murilo Ferreira says. But earnings likely will remain under pressure from weak steel and mining markets, as well as potential royalties liabilities, Credit Suisse warns.
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