The world's leading economies pressed the United States and Europe to swiftly resolve their fiscal challenges on Monday, warning that they threaten to harm global growth.

Finance ministers and central bankers from the Group of 20 leading developed and emerging nations vowed to do "everything necessary" to strengthen the world economy, reduce financial market volatility and generate jobs.

Japan's Suzuki said Tuesday it would shut down its money-losing car business in the United States and file for bankruptcy, citing a strong yen and weak demand for its small cars in the U.S. market.

But American Suzuki Motor Corp. (ASMC), which said it has debts of $346 million, added that it would continue selling motorcycles, all-terrain vehicles and marine products -- such as outboard motors -- in the country.

The French seismic exploration specialist CGGVeritas and the oil group Saudi Aramco unveiled on Tuesday a deal to jointly develop a robotic technique to explore seabeds for reserves of crude oil.

Dubbed SpiceRack, the technique is "based on the deployment of self-propelled recording nodes," and could "lead to a step-change in the efficient delivery of reservoir quality seismic data," a statement said.

HSBC has increased the amount set aside for fines linked to money-laundering in the United States to $1.5 billion, the British banking giant said Monday, adding it could face criminal charges over the matter.

The Asia-focused lender also announced in a results statement that net profits tumbled by more than half to $2.498 billion in the third quarter, or three months to September, compared with a year earlier.

Iraq on Monday signed a five-year deal with Pakistan Petroleum for the company to explore a massive tract of land believed to contain gas, the latest step in Baghdad's efforts to boost energy output.

Under the contract, the firm must invest at least $100 million to explore the 6,000 square-kilometer (2,300 square-mile) block covering the provinces of Wasit and volatile Diyala.

German Chancellor Angela Merkel's fractious coalition struck a hard-fought deal Monday on disputed government benefits, trying to present a united front with less than a year until elections.

After more than seven hours of negotiations between Merkel's conservatives and the pro-business Free Democrats (FDP) stretching into the early morning hours, the parties agreed to axe an unpopular doctor's office fee from January.

OPEC member Kuwait plans to spend some $100 billion on oil projects inside and outside the Gulf state over the next five years, a top oil executive said Monday.

"Around $100 billion has been earmarked for oil projects ... 60 percent of it on upstream projects inside and outside Kuwait," CEO of national oil conglomerate Kuwait Petroleum Corp. Faruq al-Zanki told reporters.

The Labor Ministry says the number of people registered as unemployed in Spain jumped by 128,242 people in October as the country's recession continues to take its toll.

The ministry said in a statement Monday that a little over 4.83 million were registered as jobless at the end of last month, an increase of 2.7 percent on September.

Abu Dhabi has signed a long-term contract with the world's biggest producer Guinea for the supply of bauxite ore for the United Arab Emirates aluminium industry, state media reported on Saturday.

The deal between Abu Dhabi investment fund Mubadala and Guinean firm Compagnie des Bauxites de Guinee will give the UAE "a strategic resource" for its aluminium industry and will help CBG to further increase its bauxite production, the official WAM news agency reported.

Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of the divided island of Cyprus.

"As it was repeated several times ... the companies which will cooperate with the Greek Cypriot Administration will be excluded from new energy projects in Turkey in the future," the foreign ministry said in a written statement.