
The European Central Bank left interest rates on hold at their historic low of 1% at its first meeting for the year Thursday amid concerns about Greece's debt crisis.

Haitian President Rene Preval has said thousands of people are feared dead following a huge quake which has devastated the country's capital. Mr Preval said the UN mission chief in Haiti was among the dead. It said at least 14 other UN staff had died and 56 were injured.

Brazil’s Central bank president Henrique Meirelles was elected to the board of directors of the Bank for International Settlements, a further sign of the country's increasing clout in the world economy.

Argentine president Cristina Fernandez de Kirchner on Wednesday again attacked the opposition and called for “reflection” from all those sectors involved in the dispute over Central Bank reserves to avoid repeating the “errors of the past”.

With only four days left for the Chilean presidential election run-off next Sunday the former independent hopeful Marco Enriquez-Ominami, MEO, publicly announced his support for incumbent candidate Eduardo Frei, although not mentioning his name once.

Chilean opposition conservative candidate Sebastián Piñera is poised to win, albeit by a slight margin, on next Sunday’s (Jan. 17) presidential run-off with the incumbent candidate former president Eduardo Frei, according to the latest public opinion poll released Wednesday in Santiago.

Argentina’s central bank reserves dispute suffered an expected escalation when on Tuesday Judge Thomas Griesa from New York State placed an embargo on Argentine central bank accounts held in the United States, following a lawsuit filed by investment funds (or “vulture funds”).

Colombia's Constitutional Court should approve a referendum to allow President Alvaro Uribe to run for re-election, the country's ombudsman said on Tuesday, which could open the way for a third consecutive mandate bid in the coming May presidential elections.

Uruguayan president elect Jose Mujica travelled Tuesday to Buenos Aires to hold a meeting with her Argentine peer Cristina Fernandez de Kirchner and other officials, confirming his promise that “we need a healthy and strong relation with Argentina”.

Brazil’s strongest manufacturing organization (and lobby) is considering the possibility that the country “ceases to be tolerant” towards Argentine trade restrictions and consider the possibility of withdrawing from Mercosur.