Reuters has big lead with G20 leaders on financial crisis

Reuters scooped the competition at the Group of 20 leaders meeting in Washington Nov 15, the first ever meeting of advanced and developing countries on how to restore fast-unraveling growth in the global economy and prevent future financial disasters. Reuters was over one hour ahead of both Bloomberg and Dow Jones with the G20 leaders’ communiqué — its call to arms for governments to quickly implement their action points. Ahead of the meeting, Reuters was early in dampening expectations for major breakthroughs, let alone an overhaul of the world financial system. An exclusive interview with Saudi Arabia’s finance minister showed the difficulties in getting developing countries to provide money for financial rescues. Ibrahim al- Assaf told Reuters the oil-rich nation had no plans to give the International Monetary Fund money, despite rumours it would help pay the bill.