Finance ministers from the Asia-Pacific Economic Cooperation (APEC) grouping pledged to instrument reforms as economies in the region seek to mitigate the impact of global economic crisis.
Unemployment in the United States during October rose to 6.5%, totalling 10 million jobless and the highest rate since March 1994, according to the latest release from the US Labour Department.
The summit of European Union leaders in Brussels on Friday reached a common position on reforming the world financial system, announced French President Nicolas Sarkozy. EU countries agreed on the need to take firm and ambitious operational decisions at the Washington summit on 15 November, Mr Sarkozy told reporters
US president-elect Barack Obama, vowed on Friday to confront the current economic crisis head on in his first news conference since his victory in Tuesday's election.
Brazil's pre-salt oil reserves already under concession could reach as much as 80 billion barrels of oil equivalent, said the head of Brazil's National Petroleum Agency (ANP), Haroldo Lima, on Friday.
Brazil's annual inflation rate rose to a three-year high in October as the currency's significant plunge against the US dollar pushed up costs, according to the latest release from the government's statistics and geography office.
Unemployment in Argentina dropped 0.2 points in the third quarter of this year and stood at 7.8%, President Cristina Fernández de Kirchner revealed this week during a visit to a factory in Buenos Aires province
The world is sinking into a major global slowdown, likely to be the worst in a quarter-century, perhaps since the Great Depression. This crisis was made in America, in more than one sense.
Argentina's lower house approved President Cristina Fernandez de Kirchner's controversial plan to nationalize an estimated 30 billion US dollars in private pensions, a proposal that raised concern of a default and has further divided the ruling party.
THE strain on Falkland Islands' public finances is greater than at any time since the commencement of fisheries licensing in 1986.