Venezuela lifts basic food prices

Chavez plans to nationalise bank
Venezuela's President Hugo Chavez announces a plan to nationalise Bank of Venezuela, one of the country's largest banks.

G8 urged to act over oil prices
Japan and the US vow to call for "swift action" on oil and food prices at next week's G8 summit.

Mexico caps price of basic foods
Mexico caps the price of basic foods to curb inflation, in its biggest set of price controls for more than a decade.

US producer prices up 1.4% in May
US producer prices jumped by more than many analysts expected in May amid soaring fuel and food prices.

UN states forge global food plan
Despite objections from Argentina, heads of state at a UN summit agree a global plan to tackle soaring food prices.