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Resist protectionism, keep markets open: G-20 tells nations

Last Updated: Wednesday, June 20, 2012, 15:27

In order to boost global demand and achieve sustainable growth, the G-20 leaders have asked the member nations and other countries to resist protectionism and keep markets open.

G-20 leaders committed to fight slowdown, corruption

Last Updated: Wednesday, June 20, 2012, 12:17

Committing to fight economic slowdown and combat corruption, the G-20 leaders have expressed confidence that USD 450 billion firepower of the International Monetary Fund (IMF) would help in safeguarding financial stability and preventing global crisis.

G-20 may contribute over $450 billion to IMF: Calderon

Last Updated: Wednesday, June 20, 2012, 11:48

The Group of Twenty (G20) major economies may contribute more than USD 450 billion to the International Monetary Fund (IMF), G20 summit host Mexican President Felipe Calderon has said.

G-20 endorses India's concern on infrastructure, austerity

Last Updated: Wednesday, June 20, 2012, 08:51

G20 nations, comprising the world's leading and emerging economies, concluded a much-watched meeting at this Mexican resort with an endorsement of the Indian stand that investment in infrastructure was critical for sustained growth, global economic recovery, poverty reduction and job creation.

PM calls for quick decision on IMF's quota reforms

Last Updated: Wednesday, June 20, 2012, 08:45

Prime Minister Manmohan Singh Tuesday welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said the progress in hiking voting rights for countries like India was slow.

BRICS pledges $75 billion contribution to IMF's bailout fund

Last Updated: Tuesday, June 19, 2012, 12:12

India and four other countries of the five-nation BRICS bloc on Tuesday gave a big boost to IMF's USD 430 billion bailout fund for the debt-wracked 17 nation Eurozone pledging to contribute USD 75 billion with New Delhi's contribution being USD 10 billion.

Obama calls Greek election positive sign

Last Updated: Tuesday, June 19, 2012, 09:45

US President Barack Obama on Monday called the election in Greece a positive sign and hoped the country would re-emerge from its debt crisis threatening the financial stability of the eurozone.

BRICS nations explore options to protect currencies

Last Updated: Tuesday, June 19, 2012, 09:38

India, Brazil, Russia, China and South Africa Monday explored mechanisms, such as swap arrangement and a reserve fund. to protect their currencies against external risks.

India announces $10 billion for debt-wracked eurozone

Last Updated: Tuesday, June 19, 2012, 08:59

Calls were being made to the EU to put in place a bigger financial firewall.