G20 agrees on financial action

Nov 10 - In Brazil, finance ministers and central bank governors representing 90 percent of the world's economy said they would take all necessary measures to get financial markets back in order.

The G20 group of nations' meeting in Brazil produced assurances there would be no let-up in efforts to pull the world economy round, but specific action would more likely come from a crisis summit of world leaders on November 15 (2008) being held in the U.S..

As the G20 summit meeting wrapped up China announced a stimulus package of nearly 600 billion USD for its economy.

Stefanie McIntyre reports.