Receive Breaking News updates as they occur
Asian stocks were locked in a fresh round of volatility Wednesday, as further evidence of slowing growth in China's economy cast gloom over global markets. The Australian dollar -- heavily linked to demand for the country's abundant natural resources -- plumbed six-year lows with figures out of Canberra showing the economy logged a slower-than-expected 0.2 percent quarterly expansion. Adding to tensions are uncertainties about the US Federal Reserve's plans for interest rates ahead of a policy meeting this month, with fears a tightening of monetary policy in the world's number-one economy will be another dampener.
Guatemala's Congress voted to strip embattled President Otto Perez of his immunity, clearing the way for him to be prosecuted for allegedly masterminding a multi-million-dollar corruption scheme. The result gives Perez the dubious distinction of becoming the first president to have his immunity revoked in the Central American country's history. After months of unprecedented protests that have swept Guatemala, hundreds of demonstrators outside Congress erupted into jubilant cheers at the news, chanting "yes we did" as passing drivers honked their horns in celebration.