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.
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.
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.
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.
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.