The Philippine central bank will raise rates by a modest 25 basis points for a second straight meeting in June, opting to move more slowly than its global peers in an attempt to cool soaring inflation, a Reuters poll forecast.

Mexico said it would prohibit subcontracting of day laborers in the avocado and berry industries, partly to ensure companies complied with requirements under the country's trade agreement with the United States and Canada.

Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the U.S. Federal Reserve tightens aggressively.

Telecom Italia's (TIM) top investor Vivendi wants the phone group to value its fixed landline network at 31 billion euros ($33 billion) in any sale, far above analysts' and TIM's own estimate, a source close to the French group said.

TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond to exchange market moves if necessary, repeating a warning as the yen hovered near a 24-year low versus the dollar.

Telecom Italia's (TIM) top investor Vivendi wants its fixed landline network to be valued at 31 billion euros ($33 billion) in any sale, far higher than analysts and the telecom company had forecast, a source close to the French group said.