Reuters alone with G20 accord details

Stocks worldwide rallied on April 2 after Reuters exclusively reported details of the G20 pact, hammered out by world leaders at their London summit, on how to restore economic growth and repair a financial system devastated by the worst crisis since the 1930s. Reuters was alone for at least eight hours with the updated draft of the G20 communique. News that leaders would triple resources for the International Monetary Fund to fight the crisis, add to trade financing and toughen up the rules for banking and finance bolstered investor confidence. Investment research reports widely quoted the news from Reuters. The Japanese Nikkei gained 4.4 pct and the top European index rose up 3.3 pct.