G20 leaders step back from co-ordinated stimulus plans

The world's 20 leading industrialised and emerging nations have backed fiscal stimulus plans to boost their economies but reached no agreement to co-ordinate such action - the preferred option of a number of European Union nations.

The gathered leaders pledged to take over next four months a series of steps to "support the global economy and stabilise financial markets."

"We are determined to enhance our co-operation and work together to restore global growth and achieve needed r...