UK Prime Minister David Cameron and Argentine President Cristina Kirchner reportedly crossed paths at the G-20 summit in Mexico, leading to a confrontation over the Falkland Islands dispute.
?We agreed on the need for a cessation of the violence,? Obama told reporters.
The statement, which is expected to be released later today, will undermine the efforts of German Chancellor Angela Merkel, who has become increasingly isolated among her peers over her insistence on an austerity-led European recovery program.
U.S. stock index futures signal a mixed opening Tuesday as optimism following the Greek election results fades and Spain's increasing borrowing costs raise investor concerns.
Asian markets fell Tuesday as investor concerns on the euro zone debt crisis were revived amid fading optimism after the Greek elections and increasing borrowing costs of Spain.
China pledged $43 billion, while India and Russia promised $10 billion each, to the International Monetary Fund Monday as aid to debt-ridden countries in the euro zone.
Greece's conservatives are close to forming a coalition government following their narrow election victory, a party official said Monday.
The first thing thousands of international delegates headed to the G-20 summit will likely see as they land in Los Cabos, Mexico, this week will be the spiny bush-clad hills and azure waters that typify southern Baja California.
In a victory for environmentalists, Mexican President Felipe Calderon on Friday canceled the construction of a planned resort in Baja California.
With Sunday's Greek election result doing little to ease long-term fears that the country still faces a messy exit from the euro, the G-20 delegates are left speculating how to tackle a spiraling crisis with no clear end in sight.
?The new government in Greece must fulfill their commitments quickly,? says German Chancellor Angela Merkel.
The Socialists and their cohorts now control 315 seats in the 577-seat Assembly -- marking the first time in 30 years that Socialists have enjoyed such dominance in the French government.
Asian markets rose Monday as investors were relieved after the pro-bailout parties won Sunday's elections in Greece.
Crude oil futures gained Monday after pro-bailout parties won a slim majority in Greece's general election over the weekend.
Japan's Nikkei 225 Stock Average rose Monday as investor concerns were eased following the Greek election in which pro-bailout parties won the majority.
The pro-bailout New Democracy Party and the anti-bailout far-left Syriza party are expected to finish in a dead heat.
Asian stock markets advanced for the second straight week on expectations that major central banks in the world would act to tackle deteriorating global economic conditions.
A euro-area breakup might appear to be inevitable at this point. But, instead of Greece being pushed out the door, analysts say an outside-the-box solution to the euro zone's sovereign-debt problem would be for Germany to voluntarily withdraw from the euro and reinstall the Deutsche mark.
Markets are fretting over the outcome of Sunday's Greek vote -- with the anti-bailout Syriza party polling neck and neck with rival New Democracy -- and policymakers seem spellbound by the prospect of a breakup of the euro zone.
Crude oil futures advanced Friday as sentiment was buoyed on expectations that the major central banks around the world would act to strengthen the global economy.
Stock markets in Hong Kong and China advanced Friday as weak U.S. economic data and worsening euro zone crisis raised hopes that the major central banks would act to tackle deteriorating global economic conditions.
The major powers' central banks have prepared measures to head off disaster in the financial markets after Sunday's Greek election by providing liquidity and preventing a credit squeeze, G20 officials say.
