Alejandro Puente News
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Mexico’s cable industry called for the creation of a third television network, a sign that the nation’s dominant broadcaster, Grupo Televisa SAB, is growing more comfortable with the idea of new competition.
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Chile’s economy grew at the fastest pace in three quarters in the first three months of the year as exports from the world’s top copper producer picked up.
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Chile’s central bank slowed the pace of overnight interest rate increases at its monthly meeting as the peso’s rally against the U.S. dollar reduces pressure on consumer prices.
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Chile’s economy expanded more than forecast in September led by growth in the retail, transport and communications industries.
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Chile’s central bank kept its benchmark interest rate unchanged for the fifth straight month as global economic turmoil shows little sign of damping growth or easing price pressures in the world’s top copper producer.
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Chile’s unemployment rate unexpectedly fell in the three months through June, cementing expectations that a tight labor market will put pressure on consumer prices this year.
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Chile’s economy grew a faster-than- forecast 5.7 percent in September from a year earlier, damping speculation of a cut in interest rates as the European debt crisis has a limited impact on domestic demand.
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Chile’s central bank will probably raise its benchmark interest rate for a fourth straight month after policy makers last week forecast that the economy will expand at the fastest pace in five years in 2010.
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Chile’s central bank kept its benchmark interest rate unchanged yesterday for the fourth straight month, while indicating it may reduce borrowing costs if the global economy deteriorates further.
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Chilean industrial output grew more than expected in July as output capacity recovers from the February earthquake, cementing expectations the central bank will stick to its strategy of rate increases in September.
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