Rio Tinto CEO Albanese Resigns Over $14B Write-Down
Jan. 17 (Telegraph) -- Bloomberg's Tom Keene reports that Tom Albanese suddenly resigned as chief executive of mining giant Rio Tinto over a $14bn write-down of its assets following bad deals, stating that “accountability” for the hit rested with him. He speaks on Bloomberg Television's "Bloomberg Surveillance."
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Is Spain's Rajoy Stopping His Party Progress?
13:21 - Spain’s acting prime minister, Mariano Rajoy, should step aside to allow his bloc to modernize and boost its chances of leading the next government, according to a research group with ties to the party. Rajoy has become a barrier to new ideas within the governing People’s Party and he should give members a chance to vote on its future direction, according to Isabel Benjumea, director of the Floridablanca group in Madrid. Under PP rules, Rajoy should have called a party conference to endorse his position as leader more than a year ago. “It’s not only Mariano Rajoy,” Benjumea said in a Bloomberg Television interview with Anna Edwards on "countdown."