The risk that Europe's single Euro currency could break up is the main factor holding back the US economy, former Federal Reserve Chairman Alan Greenspan said, though he stopped short of predicting a new recession in the US.
Moody's Investors Service cut this week its rating on Japan's government debt by one notch to Aa3, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.
A Brazilian minister accused his own party of trying to destroy him and said he might not have enough support to continue in his job, raising the odds of yet another high-level departure from President Dilma Rousseff's beleaguered government.
A 7.0-magnitude earthquake struck a remote Amazon region of Peru on Wednesday, shaking office buildings far away in the capital and in neighbouring Brazil although no injuries or damage were reported immediately.
The Chilean capital Santiago was witnessing another tumultuous day on Wednesday as protests started to sweep the nation’s capital and unions called for a two day nationwide shutdown to protest the educational system.
Brazilian president Dilma Rousseff said on Tuesday that the two main parties of the ruling coalition, “PT (Workers party) and the PMDB (Brazilian Democratic Movement) are the basis of the stability and trust of the government”.
Cuban President Raul Castro is increasingly impatient with the slow implementation of his economic reforms, which he publicly blames mostly on bureaucratic sloth and resistance to change.
Venezuelan President Hugo Chávez said he will only recognize a Libyan government led by his friend and ally Muammar Gaddafi and accused the United States of inciting the country's civil war.
Former International Monetary Fund chief Dominique Strauss-Khan, no longer facing sexual-assault charges in New York for what one of his lawyers called “inappropriate behaviour,” remains a defendant in a civil lawsuit by his accuser and the subject of a French rape investigation.
Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.