- Wall Street made strong gains today as Ben Bernanke was selected as new chairman of the US Federal Reserve. The market also rose because of solid earnings and a continuing softening in oil prices.
- Mexican consumer prices rose 0.19 percent in the first half of October, much less than expected, giving the central bank more room to cut interest rates when it meets at the end of this week.
- An influential economist and adviser to China's central bank said on Monday that an appreciation in the yuan was unavoidable and that he expected further changes in the country's currency policy.
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