G-20 and Australia had much riding on summit

CANBERRA, Australia (AP) -- The relevance of the Group of 20 exclusive club of nations and Australia's place on the world stage had a lot riding on the outcome of the weekend G-20 leaders' summit in the Australian city of Brisbane.

G-20 Pushes Growth as Stimulus Withdrawal Backed, Draft Says

The Group of 20 will take “concrete actions” to bolster growth while backing the normalization of monetary policy in advanced economies, according to a draft communique seen by Bloomberg News.

Australia Pushes Infrastructure as G-20 Growth Driver: Economy

Australia’s bid to sell state-owned infrastructure to help fund new projects will form a centerpiece of its Group of 20 agenda as the nation bets its plan to spur jobs is as relevant in Moscow, Mumbai and Michigan as it is in Melbourne.

All G20 members have role in softening volatility: Canada official

OTTAWA (Reuters) - Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility during this unprecedented period of transition, a senior Canadian finance official said on Monday.

G20 Summit: Syria, World Economy Discussed

The Group of 20, a group of countries developed and emerging whose populations comprise two out of three people on Earth, saw their world leaders gather in St. Petersburg over the last two days.

G20 to say economy recovering, crisis not yet overcome: Russia

RUSSIA: The Group of 20 will say in its summit communique that the global economy is improving but it is too early to declare an end to crisis, a Russian official involved in its drafting said on Friday.

G20 faces more market volatility: Russia

MOSCOW: The Group of 20 should brace for more market volatility even as an improving US economy allows the Federal Reserve to scale back its monetary stimulus, Russia's summit coordinator Ksenia Yudayeva said on Wednesday.

G20 needs clear, predictable policies - Russia

MOSCOW (Reuters) - The Group of 20 backs clear monetary policies, Russia said on Thursday, reflecting the concerns of developing economies that a withdrawal of U.S. monetary stimulus could cause market turmoil and capital flight.

G20 Leaders: Changing Words on Fiscal Policy

Over the past five years, the leaders of the Group of 20 major economies have altered their message from endorsing stimulus (November 2008) to calling for “fiscal consolidation” (June 2010) to urging “countries with sufficient fiscal space” to prepare to do more than allow automatic stabilizers, such as unemployment compensation, to widen their deficit (June 2012.).

G20 feeling less heat over 'currency wars': Canadian official

OTTAWA: Finance officials from the world's leading economies will be less focused on "currency wars" at meetings this week despite recent attention on Japan's aggressive monetary policy, according to a senior Canadian finance official on Tuesday.

Stevens Says G-20 Should Focus on Reform Implementation in 2014

Reserve Bank of Australia Governor Glenn Stevens said the Group of 20 should focus on implementing rule changes in the financial system rather than adding new reforms when Australia takes over the presidency next year.

G20 should focus on debts, not Japan-bashing: Russia

MOSCOW (Reuters) - Russia's top financial diplomat said the Group of 20 should focus on making new commitments to curb borrowing, and not rush to judge Japan's bid to reflate its economy when policy makers meet this month.

Japan defends stimulus, yen policy under fire

DAVOS, Switzerland (Reuters) - Japan's economy minister rejected criticism on Saturday that his country's extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.

China president urges G20 members to stick together

BEIJING (Reuters) - Chinese President Hu Jintao has urged members of the Group of 20 (G20) to stick together and address Europe's debt crisis in a "constructive and cooperative" way to boost market confidence, state news agency Xinhua reported on Sunday.

Barack Obama, world want bold signs from Europe at G-20

CHICAGO: President Barack Obama is searching for bolder, swifter signals from Europe that it will contain its financial mess and keep it from torpedoing the US economy and his re-election chances along with it.

Canada's Flaherty: G20 must keep pressure on euro zone

OTTAWA (Reuters) - The United States and other non-European members of the Group of 20 leading economies should keep up pressure on Europe to deal with its debt crisis, Canadian Finance Minister Jim Flaherty said on Thursday.

Australia, China to Push for Europe Stimulus At G-20

SYDNEY—Australia will back China in using next month's Group of 20, or G-20, summit in Mexico to push for Europe's struggling economies to change direction and focus on growth instead of austerity, the country's Foreign Minister Bob Carr said Friday.

G20 doubles IMF's war chest amid fears on Europe

(Reuters) - Leading world economies on Friday pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

Europe Urged to Fix Crisis as G-20 Warns of More Stress

Europe’s governments were told the onus for fixing their debt woes lies with them as the Group of 20 warned the two-year crisis still threatens global growth.

China looks at more support for IMF bailouts

The two nations said they will consult “very closely” on the issue after Christine Lagarde, head of the IMF, asked members to commit as much as $500bn (£315bn) extra to the Washington-based global lender for possible bailouts.