French President Nicolas Sarkozy wants Europe to play a stronger role in international financial markets regulation to strengthen governance rules and boost confidence, his office said in a statement on Tuesday.
Brazil's Finance minister Guido Mantega said on Tuesday the government will not lower interest rates as long as inflation threatens to come in higher than the established target. He added that the country's benchmark lending rate will continue to rise until the government is assured that its original 4.5% inflation target will be met.