G20 Summit kicks off in Brisbane, Australia

The G20 Summit has opened at Queensland Parliament in Brisbane in the midst of an abnormal heat wave.

China needs to disclose foreign exchange market intervention: US

In its six monthly report to the US Congress, the Department of Treasury, however, declined to name China a currency manipulator even though it noted that its currency renminbi (RMB) has not appreciated as fast or as much as needed.

G-20 commits to rebuilding confidence in financial markets

At the end of their two-day meeting which concluded here on Monday, Finance Ministers of G-20 nations including P Chidambaram from India, said "global growth remains modest and downside risks are still elevated..."

G-20 needs to redouble efforts to avoid trade tensions: Report

India and other G-20 nations should redouble their efforts to avoid trade tensions among them even though new trade restrictive measures by member countries have slowed in the past five months, says a report.

India asks G-20 to make 'credible and ambitious' action plan

India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly on the path of recovery as also promote strong, sustainable and balanced growth.

Development agenda will remain at the core of G20

Finance Ministers of the G-20 group of nations have reaffirmed that development agenda will remain at the core of their priorities, and development and global economic issues can no longer be treated in isolation.