The European Central Bank left interest rates on hold at their historic low of 1% at its first meeting for the year Thursday amid concerns about Greece's debt crisis.
Haitian President Rene Preval has said thousands of people are feared dead following a huge quake which has devastated the country's capital. Mr Preval said the UN mission chief in Haiti was among the dead. It said at least 14 other UN staff had died and 56 were injured.
Argentina vowed on Wednesday to press on with a debt swap targeting 20 billion US dollars in defaulted bonds in spite of the political turmoil. The announcement had an immediate reaction in the stock market and Argentine bonds.
The Euro-zone is facing one of its most serious internal crises ever as European Central Bank (ECB) governors meet on Thursday, with fiscal problems in Greece and other members of the bloc pushing interest rate issues to the background.
Brazil’s Central bank president Henrique Meirelles was elected to the board of directors of the Bank for International Settlements, a further sign of the country's increasing clout in the world economy.
Germany's largely export-driven economy recorded its biggest-ever decline since World War II in 2009: 5%. The country also breached the EU's deficit limit.
United States registered its largest December budget deficit on record as higher unemployment reduced revenue and the government spent money to help the economy recover.
Brazil will boost interest rates to as high as 13% next year as policy makers become more “aggressive” to ensure the global economic recovery doesn’t fuel faster inflation, according to Bradesco Asset Management
Uruguay’s inflation in 2009 was on target, 5.9%, but nevertheless it was the highest in Latinamerica behind Venezuela, Jamaica and Argentina, according to data from Uruguay’s central bank. Overall the global slowdown impacted on the region with lower inflation rates.
Argentine president Cristina Fernandez de Kirchner on Wednesday again attacked the opposition and called for “reflection” from all those sectors involved in the dispute over Central Bank reserves to avoid repeating the “errors of the past”.