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."

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."
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