Saturday, September 4, 2010   

Do not expect much from G20 summit, Brazil warns
(11-12 00:44)
Brazil's president warned on Tuesday that not too much should be expected from the upcoming G20 summit of economic powers, where his country has cast itself as a spokesman for emerging nations.

''There is no exact cure for the crisis. We are not hoping for much from the G20'' meeting on November 15 in Washington, President Luiz Inacio Lula da Silva said in Rome. ''It is only the start, even if it is a promising one.''

A meeting of key G20 finance officials in Sao Paulo on Sunday opened the door slightly to broadening the club of global economic leadership in an effort to battle the deepening financial crisis.

They set up the agenda for Saturday's emergency summit.

AGENCE FRANCE-PRESSE
   
Other Business breaking news:
Hang Seng Index closes 1.2pc higher (09-02 16:10)
China stocks gain 1.3pc at close (09-02 15:09)
HK stocks climb 1.3pc at break (09-02 14:25)
Hang Seng Index gains 0.4pc at close (09-01 16:22)
China stocks retreat 0.6pc at close (09-01 15:19)
HK stocks up 0.4pc at break (09-01 14:32)
Hang Seng Index falls 1pc (08-31 16:13)
China stocks close 0.5pc lower (08-31 15:39)
HK stocks fall 1pc at break (08-31 14:23)
Hang Seng Index closes 0.7pc higher (08-30 16:21)

More breaking news >>

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