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Britain's Chancellor of the Exchequer Alistair Darling speaks at a Thomson Reuters newsmaker event in London October 21, 2009. Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it. REUTERS/Andrew Winning

Britain urges divided G20 to reach climate deal

Reuters - Sat, Nov 7

British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it.

  • U.S. President Barack Obama makes a statement about the shootings in Fort Hood, Texas, and on the latest employment figures released in the Rose Garden of the White House in Washington, November 6, 2009. REUTERS/Jason Reed
    Obama weighs steps to spur jobs, wary on deficit Reuters - Sat, Nov 7

    U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.

  • Britain's Prime Minister Gordon Brown gestures in Evian-Les-Bains July 6, 2009. REUTERS/Denis Balibouse/Files
    UK joins G20 push for world levy on banks Reuters - Sat, Nov 7

    Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.

  • Britain's Prime Minister Gordon Brown listens to questions during his visit to Langside college in Glasgow, Scotland November 6, 2009. A tax on financial transactions to fund future bank bailouts should be considered with urgency, Brown said on Saturday, a significant departure from London's line to date. REUTERS/David Moir
    UK's Brown: G20 should consider bank tax urgently Reuters - Sat, Nov 7

    A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown said on Saturday, a significant departure from London's line to date.

  • United Arab Emirates' Oil Minister Mohammed al-Hamli arrives at a hotel for OPEC meeting in Vienna October 23, 2008. Hamli said on Saturday raising oil production was not currently on the agenda for OPEC. REUTERS/Herwig Prammer
    Raising output not on OPEC agenda now-UAE oil min Reuters - Sat, Nov 7

    United Arab Emirates Oil Minister Mohammed al-Hamli said on Saturday raising oil production was not currently on the agenda for OPEC.

  • Argentina's central bank president Martin Redrado smiles as a reporter asks a question at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 6, 2009. REUTERS/Andrew Winning
    HIGHLIGHTS - Comments from G20 finmins, c.bankers meeting Reuters - Sat, Nov 7

    Following are comments on Saturday from Group of 20 finance ministers, central bank policymakers and officials meeting in Scotland.

  • A man stands in the balcony of his home surrounded by a new real estate project in Shanghai July 28, 2009. China is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday. REUTERS/ Nir Elias
    China eyes home demand not exports - stats official Reuters - Sat, Nov 7

    China is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday.

  • Egyptian Finance Minister and Chairman of the IMFC Youssef Boutros-Ghali answers questions during the International Monetary and Financial Committee (IMFC) press briefing at the Istanbul Congress Center in this October 2009 file photo. REUTERS/IMF Staff Photo/Stephen Jaffe/Handout/Files
    IMF's Boutros-Ghali says FX problems symptom not cause Reuters - Sat, Nov 7

    A meeting of Group of 20 finance leaders should not be fixated on exchange rate levels, as they are a symptom of underlying economic problems rather than a cause, the head of the International Monetary Fund's policy-steering committee told Reuters on Saturday.

  • A worker polishes the Bank of Communications logo at its central branch in the financial district of Hong Kong August 19, 2009. Banks in China are expected to lend 8-9 trillion yuan in 2010, slowing a touch from this year's likely new-loan total of 10 trillion yuan, Bank of Communications (BoCom) said on Saturday.. REUTERS/Aaron Tam
    BoCom sees strong 2010 China lending, bank profits Reuters - Sat, Nov 7

    Banks in China are expected to lend 8-9 trillion yuan in 2010, slowing a touch from this year's likely new-loan total of 10 trillion yuan, Bank of Communications (BoCom) said on Saturday.

  • Dr Reddy's files for marketing Lipitor generic Reuters - Sat, Nov 7

    Dr Reddy's Laboratories has filed for marketing a generic version of Pfizer's cholesterol-lowering drug Lipitor in the U.S., the company said on Saturday.

  • Big California bank fails, has China branches Reuters - Sat, Nov 7

    United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.

  • China state firms to pay less in dividends - report Reuters - Sat, Nov 7

    Chinese state-owned firms will pay a smaller cumulative dividend to the central government this year because their profits have fallen, the Economic Observer reported on Saturday.

  • Orissa to inspect iron ore mines for violations Reuters - Sat, Nov 7

    The Orissa government will inspect several iron ore mines, a government official said, in a crackdown on firms involved in illegal mining or violating environment rules.

  • Bangladesh to import diesel from Egypt - official Reuters - Sat, Nov 7

    State-owned Bangladesh Petroleum Corporation (BPC) will buy 60,000 tonnes of diesel from a supplier in Egypt for consumption during January-June period of next year, a senior energy official said on Saturday.

  • Chinese car sales dip in Oct but still robust Reuters - Sat, Nov 7

    China, which overtook the United States as the world's No. 1 auto market in January, sold 923,154 cars last month, 79.6 percent more than a year earlier, state media reported on Saturday.

  • Tony James, President of the Blackstone Group, speaks during the Reuters Investment Banking Summit in New York, November 14, 2006. Private equity firm Blackstone Group LP posted a forecast-beating quarterly profit on Friday and said it is gearing up for more deals and IPOs as the lending and equity markets recover. REUTERS/Keith Bedford/Files
    Blackstone profit tops view; sees more deals ahead Reuters - Sat, Nov 7

    Private equity firm Blackstone Group LP posted a forecast-beating quarterly profit on Friday and said it is gearing up for more deals and IPOs as the lending and equity markets recover.

  • INTERVIEW - Canada steps up oil sands push in United States Reuters - Sat, Nov 7

    Canada has mounted its biggest campaign yet to sell the United States on the energy security benefits of the oil sands as Washington debates new environmental policy, the country's energy minister said on Friday.

  • The Nordstrom store is seen at a mall in a Denver suburb May 16, 2008. U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping. REUTERS/Rick Wilking/Files
    PREVIEW - Retailers in focus as earnings season draws to a close Reuters - Sat, Nov 7

    U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping.

  • A Sun Microsystems sign is pictured at the company's headquarters in Santa Clara, California March 18, 2009. Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business. REUTERS/Robert Galbraith/Files
    Sun Micro sales fall, Oracle deal delay stings Reuters - Sat, Nov 7

    Computer maker Sun Microsystems Inc suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business.

  • Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett in Omaha, Nebraska May 3, 2008. Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. REUTERS/Carlos Barria/Files
    Warren Buffett's Berkshire says net income triples Reuters - Sat, Nov 7

    Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.


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