G20 leaders discuss formula to ease currency tension
Updated on Nov 13, 2010 02:16 am IST
World leaders discussed economic imbalances, currency tensions and trade protection at the G20 Summit in Seoul on Friday. The G20 hopes to use the Summit to recapture unity forged in the depths of the crisis two years ago in order to ease currency tensions generated by imbalances between cash-rich exporting nations and debt-burdened importers. But the second and final day of the meet looked set to open on a sour note after days of squabbling over the wording of their final statement, with Washington taking the flak for the Federal Reserve's bond-buying spree to revive the U.S. economy, and giving it back to China for holding the Yuan down.
RELATED VIDEOS
Lord's ODI to be Rohit's last match for team India?
Published on Jul 17, 2026 03:27 pm IST
India joins elite nations with first Hydrogen-powered passenger train
Published on Jul 17, 2026 03:24 pm IST
China welcomes PNG’s Taipei closure, warns Trump to back off Cuba
Published on Jul 17, 2026 12:48 pm IST
'I'll come as ghost if…' - Sonam Wangchuk's declaration amid health fears
Published on Jul 17, 2026 12:38 pm IST
Big change in illegal immigration from India to USA
Published on Jul 16, 2026 03:13 pm IST
On cam: startling health update on Sonam Wangchuk given by doctor on day 19
Published on Jul 16, 2026 02:12 pm IST
Hi, {{name}}
Sign out
{{planName}}
{{^userSubscribed}}
{{/userSubscribed}}