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Indonesia’s President Susilo Bambang Yudhoyono, Germany’s Chancellor Angela Merkel, Brazil’s President Luiz Inacio Lula da Silva, India’s Prime Minister Manmohan Singh and South Korea’s President Lee Myung-bak wave during a family photo at the G20 Summit in Seoul yesterday. AFP


G20 Summit begins:

Leaders endorse IMF reforms

G20 leaders Friday gave their backing to sweeping reforms designed to give emerging economies such as China a bigger say in the International Monetary Fund.

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US floods cash to economy:

Hong Kong warns Asia crisis

Hong Kong’s leader warned Friday that a move to inject billions of dollars into the ailing US economy could inflate Asian asset bubbles and trigger a repeat of the region’s 1997-98 crisis.

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