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Mexico's telecom watchdog approves America Movil prices MEXICO CITY: Mexico's telecom regulator said it signed off on the prices dominant phone company America Movil can charge rivals and virtual operators to connect to its network, according to a statement from the regulator on Saturday.Billionaire businessman Carlos Slim's America Movil , which controls about 70 percent of Mexico's mobile phone lines, was declared dominant by the regulator last year.As a result of that ruling, America Movil has to seek regulator approval for the prices it charges other operators for using its infrastructure.Copyright Reuters, 2015 ...

Polish finance minister eyes foreign currency debt cut: report WARSAW: Poland should cut its borrowing in foreign currencies to below the current one-third or so of all state debt to shield itself against exchange rate fluctuations, newly appointed Finance Minister Pawal Szalamacha told a newspaper."Poland has a limited impact on the activity on international currency markets," Szalamacha said in an interview run by daily Gazeta Polska Codziennie on Saturday."The only thing we can do is to carry on with activities aimed at decreasing the ...
Car sales rev up on US holiday weekend DETROIT: US retailers faced competition for customers from car sellers on Thanksgiving weekend, as auto dealers offered bargains on vehicles as alluring as any discounted TV or stereo system.The mad dash for midnight "Black Friday" deals at stores like Walmart and Target the day after Thanksgiving has become an annual ritual. Less noticed are the crowds flocking to car dealers.November has long been a notoriously slow month for car sales. But in recent years car ...
Nigeria overnight rate flat at 1pc following rate cut LAGOS: Nigeria's overnight lending rate stood at 1 percent on Friday, a level it traded at on the money market last week, as excess liquidity persisted following an interest rate cut this week and a treasury bill repayment, traders said. The central bank cut benchmark interest rate to 11 percent from 13 percent on Tuesday, its first reduction in more than six years. The continent's top oil producer has been hit by a plunge in ...
German insurance watchdog seeks regulatory calm after new rules PARIS: The insurance industry needs stability over the next couple of years to adapt to the sophisticated risk capital rules known as Solvency II that will finally come into force on Jan. 1, according to German financial watchdog Bafin. "We don't need Solvency IV or Solvency III," Frank Grund, Bafin chief executive director of insurance and pension funds supervision, said on Friday. Speaking at a Paris conference, Grund added that insurers needed two to three ...
Poland says to amend 2015 budget, hike deficit by 3-4bn zlotys WARSAW: Poland's newly sworn-in government said on Friday it will amend this year's budget bill due to lower revenues, increasing the deficit by 3-4 billion zlotys ($745-993 million) "VAT tax revenues for 2015 were as of November 26 lower than estimated in the budget bill by 13.3 billion zlotys," the finance ministry said in a statement. "Other taxes brought in somewhat more revenue than assumed, however the overall gap stands at around 12 billion zlotys." ...
Brazil to sue BHP, Vale for $5bn in damages for dam burst BRASILIA: Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion)in damages caused by the burst of a tailings pond dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd , and the biggest iron ore miner, Vale SA . The dam burst earlier this month, unleashing 60 million cubic ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln