Brazil's central bank kept interest rates on hold for the third straight meeting on Wednesday in a split vote that shows policymakers are uneasy about inflation, a worsening recession which might lead to a raise in rates early in 2016.
Brazil is in shock following the arrest by police on Wednesday of a senior ruling-party senator and a billionaire investment banker in the intensifying probe of a huge corruption network centered on state oil giant Petrobras.
Analysts expect Brazil's economy to contract by 3.15% this year and 2.01% in 2016, the Central Bank reported. The gross domestic product (GDP) estimate comes from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Representatives from the Falkland Islands will be attending the Overseas Territories Joint Ministerial Council 2015, JMC, in London on the 1-2 December. The fourth meeting of the Overseas Territories Joint Ministerial Council (JMC) will be held at Lancaster House and will be hosted by FCO Minister for the Overseas Territories James Duddridge MP.
On 25 November, the World Health Organization (WHO) joins partners in calling for the elimination of all forms of violence against women and girls to ensure their health, well-being and human rights.
The U.S. economy grew at a slightly faster pace in recent months than first thought, as businesses restocked their goods. U.S. Commerce Department said the world's largest economy advanced 2.1% in the July-to-September period, up from an initial estimate of 1.5%.
Argentina's president-elect Mauricio Macri has named US-educated bankers and big business executives to key posts in a cabinet he vows will revive the economy, officials and media reports said Wednesday. Budget and finance minister Alfonso Prat-Gay, 50, an economist trained at Pennsylvania University and former Wall Street banker, was announced by Macri's designated chief of staff Marcos Peña.
Argentine president Cristina Fernandez made on Wednesday her first public appearance since Sunday's election runoff when opposition candidate Mauricio Macri was confirmed as the new head of state, and clearly anticipated she will continue in politics and pretends to conduct the Justicialista party, the country's hegemonic political force.
Brazilian authorities working on the country’s huge Petrobras corruption probe arrested Jose Carlos Bumlai, a rancher reportedly close to powerful former president Luiz Inacio Lula da Silva.
Commodities hit 13-year lows on Monday as metals markets crashed but a steady close in oil and higher grains markets helped a key sector benchmark settle off the day's trough. Copper and nickel prices fell to multi-year lows, forcing the Thomson Reuters/Core Commodity CRB Index to its lowest levels since November 2002.