World News from the BBC.
East Asia's three largest economies have agreed to shore up a regional reserve fund to back up their ailing partners.
China, Japan and South Korea are to fill the 4/5 of the $120,000,000,000 bill between them.
Correspondents say the fund is meant to reduce a need for smaller Asian economies to rely on multilateral lenders such as the IMF in the event of a crisis.
The American billionaire investor Warren Buffett has said he can't see signs of an early economic recovery in the United States.
The world's second richest man told the BBC that while he believed things would get better, it was too soon to speak of a major improvement.
Warren Buffett has just recorded his worst performance in more than 40 years of playing the financial markets.
Rescue services in the Austrian Alps say that an avalanche has killed at least six people.
The avalanche near the ski resort of Soelden happened on Saturday.
But rescue efforts were hampered by bad weather.