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U.S. Treasury Secretary Timothy Geithner speaks with British Treasury chief Alistair Darling, right, as they pose for a group photo during the G20 Finance Ministers meeting at St. Andrews, Scotland, Saturday, Nov. 7, 2009. (THE ASSOCIATED PRESS/Chris Clark)

G20 finance officials pledge to maintain emergency support until recovery is assured

The Canadian Press - 26 minutes ago

Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured and committed themselves to urgent action on tackling climate change.

  • A trader works on the floor of the New York Stock Exchange moments before the closing bell in November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year. Photo:Spencer Platt/AFP
    Wall Street rally gets second wind AFP - 15 minutes ago

    NEW YORK (AFP) - Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.

  • A Yemeni soldier stands guard at the Balhaf plant on the Gulf of Aden. Yemen has begun exporting liquefied natural gas (LNG) from its newly built LNG plant in Balhaf, with the first shipment destined for South Korea. Photo:Marwan Naamani/AFP
    Yemen joins gas exporters' club AFP - 53 minutes ago

    BALHAF, Yemen (AFP) - Yemen, one of the world's poorest countries, joined the international club of gas exporters Saturday with pumping starting at a newly built liquefied natural gas plant in the Gulf of Aden.

  • Germany's Finance Minister Wolfgang Schaeuble smiles during a press conference after the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change. REUTERS/Andrew Winning (BRITAIN BUSINESS POLITICS)
    Britain calls for steps on insuring global financial system, action now on climate financing The Canadian Press - 1 hour, 3 minutes ago

    ST. ANDREWS - Britain called Saturday for consideration of a tax on financial transactions to insure against another crisis and urged world finance officials meeting in Scotland to agree on bearing the cost of fighting climate change.

  • Britain's Prime Minister Gordon Brown addresses the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. REUTERS/Andrew Winning
    Britain gives impetus to global tax on banks Reuters - 1 hour, 16 minutes ago

    ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

  • US Treasury secretary Timothy Geithner (left) speaks to British Finance Minister Alistair Darling before a G20 Finance Ministers group photograph in St Andrews, Scotland. The world's largest and top emerging economies have agreed at a G20 meeting a timetable on mutual monitoring of their economic policy, a European source has told AFP. Photo:Derek Blair/AFP
    G20 'agrees timetable' for monitoring economic policy AFP - 1 hour, 57 minutes ago

    ST ANDREWS, Scotland (AFP) - The world's largest and top emerging economies agreed at a G20 meeting here Saturday a timetable on mutual monitoring of their economic policy, a European source told AFP.


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