ST ANDREWS (Scotland) - BRITISH Prime Minister Gordon Brown called on the G-20 here Saturday to consider a tax on financial transactions among other measures to make banks more accountable to society.
BEIJING - 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.
The need for China and other countries with big current account surpluses to rebalance their economies away from exports will be a main theme for finance ministers and central bank chiefs at the Group of 20 meeting in Scotland on Saturday.
COLOMBO - 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.
TOKYO - JAPAN'S government plans to introduce legislation early next year to forcibly cut pension payouts for Japan Airlines Corp retirees and make the cuts a condition for a state bailout of the troubled carrier, the Nikkei business daily said.
