Peruvians waited Wednesday to learn who their next president will be, as ex-Wall Street banker Pedro Pablo Kuczynski's camp called his lead insurmountable and controversial rival Keiko Fujimori insisted she still had a shot. Three days after Sunday's runoff election, the race to lead one of Latin America's fastest-growing economies was still too close to officially call, even though 99.5% of the ballots had been counted.
Embattled Chilean President Michelle Bachelet's chief of staff, Jorge Burgos, resigned Wednesday after a series of disagreements with his boss over policy issues. The government said Burgos quit for personal reasons, and named Chile's current ambassador to Uruguay, Mario Fernandez Baeza, as his replacement.
The government of Interim President Michel Temer has a low approval rating among Brazilians and a majority of the country wants new elections to be held this year, according to a poll released on Wednesday.
Almost 100 million pesos (approx US$ 7.3 million) are held in offshore accounts by officials from the current Argentine administration economic Cabinet, a figure higher than the 18 million pesos President Mauricio Macri reported as having in a Bahamas account.
Brazil held interest rates steady for the seventh straight time on Wednesday, resisting pressure to slash borrowing costs amid a recession as inflation remains near double digits. In a unanimous vote, the central bank's monetary policy committee, Copom, decided at its last meeting led by governor Alexandre Tombini to keep its benchmark Selic rate at 14.25%, the highest in nearly a decade.
United Stated Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have significant economic repercussions. In a speech this week, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates. The Fed next meets on 14-15 June.
Former foreign secretary William Hague said that if Britain votes to leave the European Union, the Falkland Islands sovereignty could be put at risk, while Gibraltar would left in a very difficult position. The statement was published this week by The Telegraph in an article under the heading: Brexit would put the Falkland Islands' sovereignty at risk