Washington, Nov 15 (DPA) Negotiators for the world’s top 20 economies have agreed on the final declaration at a historic summit in Washington.

Washington, Nov 15 (DPA) The current economic crisis may have presented several challenges, but it also presents the US with the opportunity to fix long-term problems, President-elect Barack Obama said in a radio address Saturday.

Tokyo, Nov 15 (DPA) Japan, China and South Korea agreed at the Group of 20 summit to enhance bilateral currency swap between Tokyo and Beijing to help Seoul stay afloat in the global financial crisis, Japanese media said Saturday.

Tokyo, Nov 15 (DPA) Japan has agreed to provide $2 billion to launch a fund with the World Bank to help recapitalise struggling financial institutions, especially in developing nations.

Toronto, Nov 15 (IANS) Canada is mulling the possibility of a joint package with the US to bail out the sinking auto industry in the two countries.

Brussels, Nov 14 (DPA) The European Commission Friday threatened to refer the US to the World Trade Organization (WTO) over Washington’s plans to subsidise its ailing car industry.

Helsinki, Nov 14 (DPA) Finland-based Nokia, the world’s largest maker of mobile telephones, Friday lowered its forecast for the fourth quarter and revised its 2009 estimates for the global handset market.

Berlin, Nov 14 (DPA) German experts compiling a brief for the G20 summit in Washington called Friday in Berlin for a revision of the way banking executives are paid and also called for a worldwide loan registry.