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U.S. Treasury Secretary Timothy Geithner (L) talks to Canada's Finance Minister Jim Flaherty at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown told G20 policymakers on Saturday, a significant departure from London's line to date. REUTERS/Andrew Winning (BRITAIN BUSINESS POLITICS)

G20 finance officials face task of fulfilling pledge to lessen global trade, budget imbalances

The Canadian Press - Fri Nov 6, 3:57 PM

ST. ANDREWS - The world's top financial officials on Friday sought a blueprint for securing future global growth and worked to break a deadlock over who bears the cost of fighting climate change.

  • A Sri Lankan stall holder waits for customners at The Sri Lanka Apparel Show Gem and Jewellery Exhibition in Colombo in September. Sri Lanka's central bank has said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal. Photo:Ishara S. Kodikara/AFP
    Sri Lanka buying gold 'to diversify reserves' AFP - 1 hour, 54 minutes ago

    COLOMBO (AFP) - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.

  • British Prime Minister Gordon Brown -- pictured delivering a speech on Afghanistan at the Royal College of Defence Studies in London -- has called on the G20 to consider a tax on financial transactions among other measures to make banks more accountable to society. Photo:Oli Scarff/AFP
    Brown says G20 should consider transactions tax AFP - 2 hours, 31 minutes ago

    ST ANDREWS, Scotland (AFP) - British Prime Minister Gordon Brown called on the G20 here Saturday to consider a tax on financial transactions among other measures to make banks more accountable to society.

  • Job seekers attend a seminar on finding jobs in San Francisco, California. The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say. Photo:Justin Sullivan/AFP
    10 percent jobless rate adds to pressure on Obama AFP - Sat Nov 7, 5:16 AM

    WASHINGTON (AFP) - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.

  • A Shell refueling station in Los Angeles, California is pictured in 2008. Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said Friday. Photo:David Mcnew/AFP
    Shell Oil to pay California 19 mln dlrs over violations AFP - Sat Nov 7, 5:13 AM

    SAN FRANCISCO (AFP) - Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said.

  • British Treasury chief Alistair Darling, Left, walks with an unidentified official at the the G20 Finance Ministers meeting in St. Andrews, Scotland. (THE ASSOCIATED PRESS/Martin Cleaver)
    British Treasury chief urges world officials to reach agreement on climate change costs The Canadian Press - Sat Nov 7, 4:37 AM

    British Treasury chief Alistair Darling has urged the world's top finance officials to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month.


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