Mexican gov&#39;t acts to reduce inflation
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MEXICO CITY -- The Mexican government announced a plan Sunday to reduce inflation in 2005 by lowering duties on imports from countries without trade agreements and restructuring electricity rates.
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MONTERREY, Mexico  - A top U.S. Federal Reserve   official said on Monday the economy is doing well but inflation   remains a concern, in remarks that challenge views the central   bank will cut interest rates early next year.
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BEIJING -- China&#39;s inflation rate slowed sharply in November, kept in check by lower price rises for food as government efforts to curb the economy began to bite, official data showed Friday.
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Mexican President Felipe Calderon &#151; under pressure to promote the social programs his leftist rival championed &#151; presented an austere budget Tuesday that increases spending for social programs to help the country's poorest.
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With monthly inflation at 6.5 percent, Beijing applies its first price controls in 15 years.
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A plausible public commitment to pursue low inflation coupled with central bank autonomy make monetary policy more effective, Federal Reserve Governor Ben Bernanke said on Friday.
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Wal-Mart de Mexico SA, the country's largest retailer, reported a 7 percent increase in second-quarter net profit after inflation, even as sales at its established stores grew less than 1 percent due in part to a slowdown in consumption.
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The Philippine central bank should raise interest rates or price inflation will bust out of the government&#39;s 4 percent to 5 percent target for the year, a former Bangko Sentral ng Pilipinas governor says.
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Government to open talks on three-year public sector pay deals to try to curb inflation
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Reserve Bank Governor Alan Bollard reckons he has done enough to slow the economy and keep inflation under control after yesterday raising interest rates for the sixth time this year.
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Falling gas prices reduced the overall measure of prices paid by consumers in July, according to a government report Tuesday, as inflation was far less than Wall Street&#39;s expectations for the month.
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Seeking to crack down on widespread chaos and corruption on the streets, Mexico City on Friday introduced tougher traffic laws and incentives for police to stop accepting bribes.
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Indian Prime Minister Manmohan Singh said fighting inflation, which inched close to a two-year-high last week -- was a priority for his government.
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MEXICO CITY, June 25 -- The heads of federal police agencies in all 32 Mexican states and 250 other high-ranking officers were demoted Monday in one of the broadest corruption crackdowns in this country's recent history.
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The higher inflation rate was the result of a surge in oil prices early this year. Oil prices have since leveled off, allowing the inflation rate to return to more modest levels.
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OAXACA, Mexico  - The governor of Mexico's troubled Oaxaca state claimed victory in a six-month conflict on Sunday, after riot police fired tear gas and arrested scores of protesters trying to force him from office the day before.
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Consumers and investors will drive the Mexican economy this year, though a global slowdown will probably keep the country from achieving last year's growth rate, Bank of Mexico Governor Guillermo Ortiz said Thursday.