The Argentine government admitted that a confidential communication channel with the US on financial operations was interrupted mid 2009 following Washington’s suspicions that data sent to Buenos Aires was used for political purposes.
German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.
A New York City penthouse at 15 Central Park West sold to a mystery buyer for 40 million US dollars, representing the highest-priced residential real estate in the city at a record of 10,259 US dollars a square foot.
Following is a text of a letter from President Barack Obama to G20 leaders due to meet in Seoul from tomorrow. The letter was sent on Tuesday.
President Barack Obama tried to swing the G20 spotlight back onto global imbalances and take his own country's policies out of the glare as world leaders gathered in Seoul.
China kept up criticism of US easy-money policies, warning two days before a G20 world economic summit that Washington could destabilize the global economy and inflate asset bubbles.
Soybeans futures settled at their highest in more than two years on Tuesday after the Agriculture Department, USDA, slashed its forecast for the United States soybean production to 3.375 billion bushels from 3.408 billion bushels the previous month.
US citizen Lori Berenson who is serving a 20- year prison sentence in Peru for aiding Marxist rebels, was granted parole for a second time. Berenson is entitled to parole as she has served more than three quarters of her 20-year sentence for helping plan an attack on Peru’s Congress, Judge Jessica Leon ruled.
Following the latest decision from the Fed to pump more money into the US economy which triggered a barrage of criticisms from overseas, chairman Ben Bernanke in a column published in The Washington Post explains what it did an why.
President Barack Obama said he believes US voters are feeling frustrated with the pace of economic recovery, after mid-term poll losses. The Republicans captured 60 seats to take control of the House of Representatives. The Democrats clung on to the Senate despite losing seats.