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.
Brazil's 12-month current account deficit narrowed in July on rising revenue from exports and strong foreign direct investment. The 12-month deficit declined to 47.9 billion dollars or 2.1%, of GDP, from 49 billion, or 2.2% of GDP in June, the central bank said Tuesday.
With Argentina’s presidential election less than two months away official data is showing why President Cristina Fernandez de Kirchner is poised to make effective her re-election bid in October.
US stocks shot 3% higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week could signal new help for the US economy, giving investors hope a four-week rout was nearing an end.
Argentina's trade surplus shrank 22% in July from a year earlier to 672 million dollars as import growth continued to outpace exports, the government said on Tuesday. The trade surplus totalled 861 million dollars in July 2010.
Two men were charged on Tuesday of cover-up in the case that investigates the abuse and killing of the two French tourists in the north-west Argentine province of Salta, the judicial spokesman Marcelo Báez reported.