G20

'Deep divisions' at G20 summit

As the Group of 20 summit got under way in South Korea, President Obama voiced confidence that leaders would agree on steps for balanced and sustainable global economic growth. But his day was marked by the failure to conclude an important trade pact, and the deep divisions between leaders of the G-20 don't bode well for the economic summit.

A formal reception marked the start of the summit on Thursday. But as Obama swept in to stand beside his South Korean host, his smile may have masked inner unease.

After all, his visit has failed to clinch the big prize: a free-trade agreement with South Korea three years in the making. Obama said he still hoped the deal would be reached in weeks, not months.

G-20 refuses to back US push on China's currency

SEOUL, South Korea – Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency's value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs. Full Story »