Canadian Finance Minister Jim Flaherty has poured cold water over a proposal by British Prime Minister Gordon Brown for a global tax on financial transactions to fund future bank bailouts. “That’s not something that we would want to do. …

Gordon Brown has just tried to upstage the G20 finance ministers meeting by reheating the idea of a global levy on financial transactions – a tobin tax of sorts.

“We should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society,” Brown told a meeting of financial policymakers from the G20 nations in Scotland.

ST ANDREWS, Scotland, Nov. 6, 2009 (Reuters) — The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly. …

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November 6, 2009.

NEW YORK (Reuters) – Global equity markets rebounded on Friday from the initial scare brought on by a grim US jobs report after investors decided the data were not so bad.