Business, Finance and Market News



Humbled US agrees to share world's financial top billing

George Bush The world's international financial institutions will be reshaped and worldwide regulatory and accounting rules reformed as a result of the G20 meeting.

Who are the G20? Sorry, we've got more pressing issues

PLANET WALL STREET The woes of the teetering US car industry have virtually eclipsed the summit.

Halting the slide, averting a repeat

Globe Leaders from the biggest developed and emerging nations agree more must be done to shore up a global economy sliding into recession.

G20 leaders pledge action

Illustration: Michael Whitehead World leaders grappling with the world financial crisis have pledged to deliver a concrete plan to avert recession and prevent future meltdowns.

Japan has doubts about summit

Japanese Prime  Minister Taro Aso Japanese Prime Minister Taro Aso has cast doubt on a solid outcome from the G20 summit on the financial crisis, saying there may be opinion gaps between developed nations and emerging countries as well as US and European nations.

G20 leaders vow to work together

World leaders grappling with the financial crisis vow to work together amid signs of division over how far to go with market reforms.

Italy's Berlusconi wary of market restrictions

Any regulatory reforms in response to the global financial crisis must not restrict the spirit of free markets, Italian Prime Minister Silvio Berlusconi says.

Brown urges G20 to boost spending

Gordon Brown British Prime Minister Gordon Brown will press other leaders of the G20 group of nations to provide fiscal and monetary stimulus to the global economy.

G20 the key to global crisis: Bush

Anne Davies, Washington Correspondent THE White House hopes this weekend's meeting of G20 leaders will yield a plan to further stabilise the world economy, as well as settling principles for work on more stable regulation of world financial markets.

G20 leaders must wait for Obama meeting

The transition Anne Davies, Washington World leaders hoping for time with US President-elect Barack Obama at this weekend's G20 will be disappointed.

UK wants G20 `consensus' on taxes, spending

Prime Minister Gordon Brown calls on governments around the world to coordinate taxes and spending policies to shore up a slowing world economy.

G20 ready to urgently boost growth

The Group of 20 nations calls on governments to cut interest rates and raise spending as the world's leading industrialized economies battle the threat of a recession.