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Canada has approved the sale of the government-owned Cirque du Soleil to a US investment fund and its Chinese partners, according to officials. American private equity firm TPG and China's Fosun bought the Quebec circus juggernaut for an undisclosed sum in April as the carnival looks to expand in Asia. Canada's Industry Minister James Moore said the sale will benefit the country economically and said Canadians would remain in key positions within the company.
By Renee Maltezou and Robert-Jan Bartunek ATHENS (Reuters) - Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. Greek Prime Minister Alexis Tsipras has said the plebiscite is the democratic way for Greeks to decide if they will accept more budget cuts and taxes in return for international aid.