US Secretary of State Hillary Clinton, in London, has warned that Iran does not have unlimited time to meet the requests of world powers regarding its nuclear programme. Clinton also spoke of a growing security threat in Pakistan.
G20 finance ministers meeting in London have vowed to pursue existing stimulus policies until the end of the economic crisis. There was an "unprecedented level of cooperation" according to IMF head Dominique Strauss-Kahn.
Finance ministers are meeting in London for two days of preparatory talks ahead of a Group of 20 summit on Sept. 24-25 in the US city of Pittsburgh. But despite the first signs of economic recovery, G20 leaders are counselling caution.
G20 finance ministers meeting in London have vowed to pursue existing stimulus policies until the end of the economic crisis. They also pledged to incite bankers to adopt "responsible" pay practices but didn't agree on specific bonus limits.
G20 finance ministers meeting in London say they are close to an agreement on bank bonuses, including subjecting them to "clawback" if things go sour. Ministers also pledged to pursue existing expansionary policies until the crisis is over.
Finance ministers are meeting in London for two days of preparatory talks ahead of a Group of 20 summit on Sept. 24-25 in the US city of Pittsburgh. Despite the first signs of economic recovery, G20 leaders are counselling caution.
China Investment Corporation, the sovereign wealth fund of China, has joined a consortium to help bail out the majority owner of London's Canary Wharf real estate development from the potential default of an £880 million loan.
Lord Turner, the head of the Financial Services Authority, has said he is in favour of a tax on banks' financial transactions - in other words, a 'Tobin tax' - as way of reducing the amount of money they have available for bonuses.
London police say they have arrested two men in connection with Britain's biggest ever gem robbery. Armed robbers walked out of an exclusive store in the British capital on August 4 with a jewel haul worth 47 million euros.
Britain's Financial Services Authority has unveiled a new code of practice for banking bonuses designed to prevent the kind of risk-taking that helped spark the current financial crisis, though critics accuse it of watering down previous proposals.
