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Batista takes another blow as his iron ore firm records massive loss

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reported a much-higher-than-expected $400 million loss on Wednesday adding to the financial woes of theBrazilian billionaire. The six publicly-listed companies under his control have all experienced massive declines in market value so far this year. MMX is down 29% while his oil and gas firm OGX suffered a 43% drop since the start of 2013. Logistics company LLX and power generator MPX has ...

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