First with news from G20 finance leaders meeting
09.04.2009
Five hours before the G20 communique was released, Reuters broke news on its contents — and competitors scrambled for hours to catch up. Reuters was first to report that finance leaders at their London meeting Sept 4 and 5 had agreed to look at toughening bank capital rules, study pay limits and keep stimulus programmes in place until economic recovery was secured. This promise helped give a powerful bid to stocks, which raced toward year highs when markets opened on Monday. From start to finish, Reuters coverage was unparalleled. Ahead of the G20, Reuters tapped a pool of diplomatic sources to accurately set the scene on key topics. We broke news as they gathered that the IMF would revise upward its growth estimates for the world economy.