Last year, the local authority posted the first advertisement for a privately-owned business on its website.

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Cargill, which is privately owned, has been doing business since 1986 in Venezuela, where its operations include oilseed processing, grain and oilseeds trading, animal feed, salt, and financial and risk management.

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This is fine in theory, but in practice it often distorts the market for the remaining privately owned banks by keeping too many banks in business and by allowing nationalised banks with the benefit of a government guarantee to borrow more cheaply.

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In 1991 it stopped providing short-term export-credit guarantees, spinning off the business to what is now the privately owned Atradius.

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Whatever one thinks about marriage between people of the same sex, surely a man running as a business-friendly candidate would say whether he favors boycotts of privately owned businesses on the basis of the beliefs of their shareholders?

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Gender aside, a full 82% of all privately held companies including 90% of women-owned firms have no employees other than the business owner.

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