United States trade deficit widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s.
A new report from researchers at the International Monetary Fund sees at least three candidates that could eventually challenge the US dollar's role as the world's dominant reserve currency: the Euro, the Yen and the Chinese Yuan.
Former Soviet leader Mikhail Gorbachev has urged the United States to withdraw all its military forces from Afghanistan. Gorbachev told CNN in an interview on Sunday that withdrawal from Afghanistan should be the goal.
Brazilian president Lula da Silva warned his peer Barack Obama that South America “does not need US bases” in Colombia to combat narcotics trade and suggested he look after “US drugs consumers”.
The unemployment rate in the United States rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labour Department.
Unemployment in September was 9.8%.
The United States Senate finally approved Thursday evening the nomination of Arturo Valenzuela as Assistant Secretary for Western Hemisphere Affairs, putting an end to three months of Republican veto because of the Obama administration policy towards Honduras.
Brazilian president Lula da Silva claims that his United States peer, Barack Obama has forgotten about Latinamerica after having promised a new relation with the continent. He also revealed he was working for a meeting between Venezuela’s Hugo Chavez and Colombia’s Alvaro Uribe “so they can address their differences”.
United States will recognize the Honduran elections results regardless of whether former President Manuel Zelaya is returned to office and regardless of whether the vote on reinstatement takes place before or after November 29th, according to Republican Senator Jim DeMint who claims he was given guarantees to that effect by the US State Department.
Colombian opposition groups have reacted angrily after details of a controversial military deal with the US were made public.
The Federal Reserve Open Market Committee kept US interest rates on hold at between 0% and 0.25%, as had been widely expected. Despite the US economy growing 3.5% in July to September - its first expansion since June 2008 - rates were left unchanged on Wednesday to further aid the recovery.