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....“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement to the New York Times. The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:19:56 AM
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.... If Uber was a normal public company, subject to even a gentle governance regime, he would have been fired years ago. As it is, Kalanick’s resignation counts as a minor triumph for the venture capitalists who own about 40% of privately controlled Uber. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:01:21 AM
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. The resignation of Uber’s chief executive Travis Kalanick is a victory for everyone who cares about the way businesses are run, about the duty of corporations to obey the law and of employers to respect and treat fairly their employees. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 05:47:55 PM
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Latest Finance News related to Resignation

The Guardian view on Uber after Kalanick: only window dressing? | Editorial image
. The resignation of Uber’s chief executive Travis Kalanick is a victory for everyone who cares about the way businesses are run, about the duty of corporations to obey the law and of employers to respect and treat fairly their employees. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
.... If Uber was a normal public company, subject to even a gentle governance regime, he would have been fired years ago. As it is, Kalanick’s resignation counts as a minor triumph for the venture capitalists who own about 40% of privately controlled Uber. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement to the New York Times. The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....7bn purchase of the firm behind the Londis and Budgens chains could derail its nascent financial recovery. Two of its biggest shareholders have come out against the deal, which also triggered the resignation of senior independent director Richard Cousins, who runs the catering group Compass. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
....All committee members agreed any rate rises would likely be at a gradual pace and “to a limited extent”. One seat on the committee was empty – the result of Charlotte Hogg’s resignation as deputy governor after it emerged she had breached the Bank’s code of conduct. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....Despite that overshoot, the Bank’s policymakers meeting to set interest rates this week are likely to reaffirm that they are happy to tolerate higher inflation for now as they continue to keep borrowing costs low to shore up growth and employment. The monetary policy committee will be one member short again this month after the resignation earlier this year of the Bank’s deputy governor, Charlotte Hogg, when it emerged she had breached the Bank’s code of conduct. ...
If hard Brexit is dead, the odds on a chaotic one have shortened image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... The Democratic Unionist party says it does not want a hard Brexit, which presumably implies staying in the customs union at least. So how will May hope to keep the Eurosceptic hardliners in her own party happy? The argy-bargy could take weeks, or months, to address, and may only lead to May’s resignation or another election. ...
Diamond ring bought for £10 at car boot sale goes for £657,000 image
Source : Guardian [Read Article] Wednesday 7th of June 2017 09:21:32 PM
.... It was recently confirmed by the Gemological Institute of America (GIA) as a genuine diamond. Another highlight of the Sotheby’s sale was a Cartier diamond brooch worn by Margaret Thatcher on a number of high-profile public occasions, including the day she offered her resignation as prime minister to the Queen. ...
Channel 4 confirms Alex Mahon as chief executive image
Source : Guardian [Read Article] Monday 5th of June 2017 03:37:43 PM
....Favoured locations for Channel 4’s move include Manchester, Leeds and Birmingham. Channel 4 is also searching for a new creative chief responsible for its £630m TV budget, following Jay Hunt’s resignation last week. ...
'I have little doubt your daughter should leave' – our work expert responds image
.... This must make any thought she might have of ­leaving the company seem even more of a ­surrender. But you can help her ­understand that the ­responsibility for those people lies with the company; that if she continues to put her health at risk she will be of ­limited value to them anyway; and that perhaps a principled act of resignation, with written, factual reasons reported directly to the board, could be the most positive action she could take on their behalf. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
....Stock markets plummeted last month after a taped conversation was leaked in which the president seemed to discuss the payment of hush money to a jailed politician. Mr Temer has denied the allegations, saying the tape had been "manipulated" but there have been growing calls for his resignation. ...
Spain's top anti-corruption prosecutor quits over Panama link image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:21:08 PM
....However, Moix’s brief tenure has been dogged by controversy over his alleged attempts to interfere in corruption investigations involving the governing People’s party (PP). The Spanish socialist party (PSOE), which had argued that Moix’s business affairs in Panama made him unfit to pursue corruption, said his resignation had come too late. ...
Mapping a new frontier image
Source : BBC [Read Article] Thursday 25th of May 2017 11:09:51 PM
....Not that she expects Share Lab's research to lead to a mass Facebook exodus, or a dramatic increase in the scrutiny of tech titans. "What is most striking is the sense of resignation, the impotence of regulation, the lack of options, the public apathy," says Dr Powles. ...
Troubled Toshiba misses annual results deadline image
Source : BBC [Read Article] Monday 15th of May 2017 04:54:42 AM
.... . An accounting scandal, uncovered in 2015, led to the resignation of several members of the firm's senior management, including the chief executive, after the company was found to have inflated the previous seven years' profits by $1. ...
From yoga instructors to novelists: five ways to turn your hobby into a job image
.... “For me taking the plunge and leaving my job made my business idea more real and me more determined to make it work,” says Martha Keith, founder and managing director of stationery business Love Give Ink. “I initially tested the idea by setting a stall up at a local fair and seeing how customers responded to some samples, but I then handed in my resignation letter. ...
The secret history of inflation, from Black Wednesday to Brexit image
Source : Guardian [Read Article] Sunday 7th of May 2017 05:59:25 AM
.... When Margaret Thatcher vetoed that, Lawson directed the Bank to intervene in the foreign exchange market so that the pound “shadowed” the Deutschmark. When he was rumbled, there was hell to pay, ending with Lawson’s dramatic resignation in 1989. ...
Shareholders angry over fake accounts disrupt Wells Fargo meeting image
....US bank Wells Fargo agrees $110m lawsuit settlement. It cost more than 5,000 lower level employees their jobs and led to the resignation of former chief executive John Stumpf. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
.... Tyrie said to the governor there had been a “deliberate attempt to frighten the voting public by the Bank with a political motive”. His latest victim was Charlotte Hogg, who will step down as one of Threadneedle Street’s deputy governors later this week after her failure to disclose details of a potential conflict of interest to the committee led to her resignation. ...
Here’s how to civilise Uber, and make the other ‘death stars’ work for us too | Deborah Orr image
....”. Robinson-Leon’s comments followed the resignation from Uber of Rachel Whetstone, who was appointed two years ago as policy and communications vice-chair. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
....SumOfUs has called for the company to listen to the demands of its drivers, be more transparent with customers about where their fare goes, pledge to abide by local laws and pay its fair share of taxes and address its toxic work culture head-on. The activist group has also set up an online petition demanding the resignation of Travis Kalanick. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
.... . An accounting scandal, uncovered in 2015, led to the resignation of several members of the firm's senior management, including the chief executive, after the company was found to have inflated the previous seven years' profits by $1. ...
Ukraine's central bank chief resigns image
Source : BBC [Read Article] Monday 10th of April 2017 10:46:19 AM
....Pro-Russian rebels later launched an insurgency in the east. Ms Gontareva said her resignation had been submitted voluntarily. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....During the trial, the SFO's only banking industry expert admitted he had broken court rules by sending texts and emails to contacts, while giving evidence in court, to check he was answering basic questions correctly. The Libor rigging scandal erupted in 2012, when Barclays was the first bank to be prosecuted with a £290m fine, which sparked the resignation of chief executive Bob Diamond. ...
Deliveroo accused of 'creating vocabulary' to avoid calling couriers employees image
....Do say: Termination, eg “We are terminating your Supplier Agreement due to your failure to meet Service Delivery Standards. ”Don’t say: Firing/sacking/resignation, eg “We are firing you due to poor performance. ...
Two Tesco shareholders oppose £3.7bn takeover of wholesaler Booker image
Source : Guardian [Read Article] Monday 27th of March 2017 06:04:28 PM
.... Lewis later revealed that Cousins stepped down because he was against buying Booker. Schroders said of Cousins’ resignation: “This demonstration of integrity delivers a powerful message about his concerns around the merits of the deal. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
. Mark Carney has defended the Bank of England's handling of Charlotte Hogg's resignation during a speech on banking ethics. ...
Uber president quits firm saying its values are 'inconsistent' with his image
....Jones’s departure is the latest blow to the San Francisco-based company, after revelations of a secret programme to evade law enforcement, allegations of workplace discrimination and sexual harassment, and a string of departures of high-level executives. He told the tech blog Recode, which first reported his resignation: “The beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber, and I can no longer continue as president of the ride-sharing business. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....The deal marks a return to the Square Mile for an American banker whose high-flying career came to a halt in 2012 when he was forced to quit Barclays in the wake of the Libor rigging scandal. The then chancellor, George Osborne, described Diamond’s resignation as “the right decision for Barclays – and for the country”. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... “Ms Hogg’s conclusion in this respect was a serious error of judgment,” the report stated. At that point, her resignation was inevitable. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....David Abraham is to stand down as chief executive of Channel 4 after seven years. The broadcaster accidentally revealed Abraham’s resignation when it prematurely tweeted a statement about his departure. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:40:11 AM
....A Treasury Committee report released on Tuesday said she "fell short of the very high standards" required and that MPs had "set aside" its approval of her appointment. Minutes after the committee released its report, the Bank announced Ms Hogg's resignation. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....”. Illustrating the turmoil inside the Bank of England, Carney issued Hogg with a verbal warning and initially resisted her resignation. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
...."The board is a mockery of modern corporate governance. With the resignation of Christos Angelides, there are no independent directors in place and the chairman/CEO, Stephen Marks, is refusing to split his role and is running the business with no regard for shareholders. ...
Bank of England deputy governor gets warning over conflict of interest image
....Hogg is an Oxford economics graduate with a background in British politics through her family. Both Hogg’s parents had leading roles in Sir John Major’s government and her grandfather, Quintin Hogg, was a prominent Tory who almost won the Conservative party leadership following the resignation of Harold Macmillan. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
.... He was a tough negotiator, with a well-tuned instinct for spotting special pleading by financial firms. But crocodile tears will be shed in Europe to mark his resignation. ...
Australia Post CEO says he feels sorry for Pauline Hanson over pay controversy image
....Fahour was asked whether his departure from Australia Post triggered a termination payment. He told the committee he structured his departure as a resignation so it would not trigger a termination payment. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
. After three or four years of study, many students will look with resignation at bank statements showing them thousands of pounds in debt. ...
Australia Post's chief executive Ahmed Fahour resigns after pay row image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:05:42 AM
....Fahour’s remuneration has become a matter of significant political controversy in recent weeks, with the prime minister, Malcolm Turnbull, making it clear he had spoken to the chairman of the board to register the government’s disapproval. The chairman of the Australia Post board, John Stanhope, confirmed in a statement issued on Thursday that Fahour had tendered his resignation at Wednesday’s board meeting. ...
Toshiba crisis: unions urge government to 'get a grip' on nuclear policy image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:01:48 PM
....3bn writedown in its US Westinghouse business and confirmed it was scaling back investment in new overseas nuclear projects. Toshiba prompted confusion among investors on Tuesday by saying it was not ready to publish third-quarter results as scheduled, only to announce the write-down in its US nuclear business and resignation of its chairman, Shigenori Shiga, hours later. ...
Toshiba fuels fear of crisis after delaying earnings report image
Source : Guardian [Read Article] Tuesday 14th of February 2017 08:26:41 AM
....Toshiba’s chairman, Shigenori Shiga, is to resign to take responsibility for the massive writedown looming over its troubled US nuclear subsidiary, Westinghouse Electric, according to Japan’s public broadcaster NHK. Shiga, whose resignation was expected, is a former chairman of Westinghouse. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....As well as her financial experience, the Oxford economics graduate is steeped in British politics through her family. Both Hogg’s parents had leading roles in Sir John Major’s government and her grandfather, Quintin Hogg, was a prominent Tory who almost won the Conservative party leadership following the resignation of Harold Macmillan. ...
System is ‘close to failure’ as PM’s council raises tax for social care image
.... So constrained are funds that those in need of care cannot enter the system until someone else leaves. Tired of cutting services, Liverpool’s adult social care director, Samih Kalakeche, has tendered his resignation – and says, as things stand, councils such as his will probably soon be unable to meet their statutory requirements. ...
Uber CEO steps down from Trump advisory council after users boycott image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:25:33 AM
....Uber has not revealed how many users deleted their accounts, but it was enough that the company implemented an automated process to handle the demand. News of the resignation was first reported by the New York Times. ...
ScotRail boss resigns after pressure over firm's performance image
Source : Guardian [Read Article] Friday 20th of January 2017 02:47:38 PM
....”. Yousaf did not comment directly on Verster’s resignation, but a Scottish government spokesman thanked Verster “for his hard work during a transitional time in charge of Abellio ScotRail and the ScotRail Alliance” and wished him well in his next venture. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
....On Monday the company announced the settlement with the Serious Fraud Office (SFO), after accepting that its defence and civil aerospace divisions had paid bribes and corrupted officials and politicians around the world. Rolls-Royce has insisted that no member of senior management was involved in the criminal activities, after a series of resignations. ...
Politicians have ignored the working class for too long | Phil McDuff image
Source : Guardian [Read Article] Monday 16th of January 2017 10:00:20 AM
.... We now have a panic as professional politicians whose careers were built on patronising or ignoring the working class flail around looking for reasons people in low-paid, insecure jobs might not think they have their best interests at heart. Tristram Hunt’s resignation as MP for Stoke-on-Trent Central is the perfect example of this. ...
Pound falls to 10-week low after Theresa May's Brexit comments image
Source : Guardian [Read Article] Monday 9th of January 2017 07:17:23 PM
....4%, its eighth consecutive day of record highs – a winning streak it last achieved in May 1997 after Tony Blair’s Labour general election landslide. One analyst said the increasingly belligerent war of words in recent weeks between London and Brussels and the row over the resignation of UK ambassador to the EU Sir Ivan Rogers had left currency market traders in no doubt Britain was heading for a hard Brexit, even before May’s comments. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
.... Unless you feel that a lot more money would outweigh them all, avoid confrontation. Never threaten an employer with resignation unless you’re fully prepared to resign. ...
Sturgeon offers to shelve independence vote in return for soft Brexit image
Source : Guardian [Read Article] Friday 6th of January 2017 01:53:38 PM
....Sturgeon’s offer to put independence temporarily aside in favour of a compromise deal will be seen as a clear attempt to strengthen her case for a second vote if there is a hard Brexit, where the UK is kept out of the single market. EU leaders and diplomats have said this week’s turmoil over the resignation of the UK ambassador to the EU, Sir Ivan Rogers, suggested a hard Brexit was now far more likely. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
....”. Before the vote last September, Hellawell also attempted to appease disgruntled shareholders by saying he had offered to go, although the board had refused to accept his resignation. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
....It also sees the departures of chief executive Dave Forsey and acting chief financial officer Matt Pearson as positive moves. Before the September vote, Hellawell attempted to appease disgruntled shareholders by saying he had offered to go, only for the board to refuse to accept his resignation. ...
Dentsu chief resigns after overworked employee commits suicide image
Source : BBC [Read Article] Wednesday 28th of December 2016 05:28:48 PM
....The head of Japanese advertising group Dentsu is to step down following the suicide of an employee who had worked hundreds of hours of overtime. Tadashi Ishii said he would tender his resignation at a January board meeting. ...
Cyrus Mistry resigns from Tata boards image
Source : BBC [Read Article] Monday 19th of December 2016 04:21:29 PM
.... . In his letter of resignation to shareholders on Monday, Mr Mistry said the events of the past eight weeks had been about saving a legacy. ...
Italian government to request bank bailout funds from parliament image
Source : Guardian [Read Article] Monday 19th of December 2016 09:53:40 AM
.... UniCredit, Italy’s biggest bank, last week announced plans to raise €13bn in a record-breaking share issue and axe 11% of the workforce. Those concerns have mounted after Italy’s referendum on constitutional reform earlier this month led to the resignation of the prime minister, Matteo Renzi, creating fresh political turmoil in the midst of MPS’s attempts to attract major investors to its fundraising. ...
Chris Grayling: Tory in combative mood to deal with rail union bosses image
Source : Guardian [Read Article] Monday 19th of December 2016 07:00:14 AM
....The temperature moved up a notch again as it emerged that Grayling was happy to consider a proposal by the Tory MP Chris Philp aimed at limiting rail strikes with tighter legislation. It has added up to a strategy that has infuriated commuter groups, the unions and a number of MPs, with Tory former minister Bob Neill even calling for his resignation over a separate row about south London train franchises. ...
Southern cancels all services as strike continues for third day image
Source : Guardian [Read Article] Friday 16th of December 2016 06:01:45 AM
....She said Southern services had been unreliable every single day, not just during the strikes, adding: “We’re at breaking point and want answers from Chris Grayling. If he fails to act, we’d call for his resignation. ...
Italy plans Monte dei Paschi di Siena rescue if private bailout fails image
Source : Guardian [Read Article] Monday 12th of December 2016 05:29:57 PM
....The private sector plan is being led by Wall Street bank JP Morgan and is thought to require a major investor – such as the sovereign wealth fund from Qatar – to commit about €1bn. However, it is thought that an investment on that scale would not be made until the political uncertainty sparked by the resignation of the prime minister, Matteo Renzi, abates. ...
Monte dei Paschi di Siena tries to keep €5bn rescue plan alive image
Source : Guardian [Read Article] Monday 12th of December 2016 07:41:00 AM
.... It is Italy’s third largest bank and a failure to secure the private funds would immediately raise doubts about the stability of a number of other Italian banks, such as UniCredit, which also need to raise private capital. Any rescue of the institution by Italy under EU rules could lead to billions of euros in losses for retail investors, which in turn would damage the ruling Democratic party at a time when it has already been diminished by Matteo Renzi’s resignation as prime minister last week following his defeat in a referendum on constitutional reforms. ...
ECB refuses to help Italy's crisis-hit Monte dei Paschi bank image
Source : Guardian [Read Article] Friday 9th of December 2016 07:23:35 PM
....ECB officials told Reuters they hoped the move would pave the way for similar support for other Italian banks, which are struggling with €360bn of bad loans. The long-running crisis appeared to be coming to a head just days after Wednesday’s resignation of Matteo Renzi, the centre-left prime minister, prompted by his defeat in a referendum on constitutional reforms last weekend. ...
Monte Dei Paschi bailout: what you need to know – the Guardian briefing image
....The result of the Italian referendum on Sunday made the task even harder. The resignation of Matteo Renzi – credited with efforts to clean up Italy’s banks – has caused fresh political uncertainty. ...
Sadiq Khan: government 'abandoning passengers' on Southern rail image
Source : Guardian [Read Article] Friday 9th of December 2016 01:09:56 PM
....Khan has urged London commuters to lobby Grayling to reverse his decision to stop TfL taking over the inner parts of the franchises. A Conservative MP on the Southeastern commuter route, Bob Neill, called for Grayling’s resignation in the wake of the move, saying the transport secretary had “done a great deal of harm to London commuters who would have benefited significantly”. ...
Italian banks damaged by referendum result, says Fitch image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:39:31 PM
....Plans by leading Italian banks to raise billions of euros from investors to boost their financial strength have been damaged by the outcome of Sunday’s referendum, a leading ratings agency said on Tuesday as it downgraded its outlook for the sector. Fitch – which said it had a negative outlook on the Italian banking industry for 2017 – said profitability in the sector was already frail before the referendum result that sparked political chaos and forced the resignation of the prime minister, Matteo Renzi. ...
McCluskey triggers early Unite general secretary election image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:29:48 PM
....". Unite's executive council has agreed that his resignation will take effect from 28 April, when the elections for general secretary and the executive council finish. ...
Draw it image
Source : BBC [Read Article] Tuesday 6th of December 2016 12:33:46 PM
....It's been a year where the business world has not had a second to breathe. From the results of the UK's EU referendum and the US election to the volatile state of the global economy, to takeovers and resignations of top bosses. ...
Samsung tells South Korea corruption inquiry of 'gift horse' image
Source : BBC [Read Article] Tuesday 6th of December 2016 04:03:37 AM
....Parliament is due to vote on Friday on Ms Park's impeachment over the scandal. Massive protests have been held in recent weeks demanding her resignation. ...
US bank quit Sports Direct role over share deal concerns, court filing claims image
.... He is suing Ashley, the founder and chief executive of Sports Direct, for £14m over claims that the retail boss breached an agreement to pay him a £15m bonus if the company’s share price rose above 800p. In court documents, Blue claims he bolstered the reputation of Sports Direct in the City and used the resignation of Merrill Lynch as corporate broker to show the improvements that needed to be made. ...
Monte dei Paschi shares fall after Italian referendum result image
Source : Guardian [Read Article] Monday 5th of December 2016 01:59:30 PM
....A rescue deal for the world’s oldest bank – Banca Monte dei Paschi di Siena – hung in the balance on Monday after Italian voters rejected constitutional changes and plunged the government into crisis. Shares in MPS, which was founded in 1472 , fell amid fears the resignation of Prime Minister Matteo Renzi will affect its attempts to clinch a €5bn (£4. ...
Euro hits two week high as markets shrug off early losses - as it happened image
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Euro falls to 20-month low after Italy government's referendum defeat image
Source : Guardian [Read Article] Monday 5th of December 2016 05:36:36 AM
....36%. Renzi’s resignation represents a fresh blow to the European Union, which is struggling to overcome a raft of crises, and was eager for Renzi to continue his reform push in the euro zone’s heavily indebted third-largest economy. ...
Italy referendum Q&A: the big economic questions answered image
Source : Guardian [Read Article] Thursday 1st of December 2016 10:35:12 AM
....Italians are voting in a referendum on 4 December that is causing concern across Europe after the UK’s vote to leave the EU and Donald Trump’s US presidential election victory. The vote could lead to the resignation of Matteo Renzi, the prime minister. ...
South Korean authorities raid Samsung in Park Geun-hye probe image
Source : BBC [Read Article] Wednesday 23rd of November 2016 05:21:19 AM
....In return, Samsung is alleged to have given financial favours to Ms Park's confidante Choi Soon-sil, Yonhap said. The scandal has led to growing calls for Ms Park's resignation, but she has said the allegations are "fantasy". ...
Samsung HQ raided by prosecutors as South Korean political scandal deepens image
Source : Guardian [Read Article] Tuesday 8th of November 2016 09:09:17 PM
....Park has faced public outcry and and an investigation into whether Choi manipulated government decisions, despite having no official government role. Tens of thousands of protesters demanded Park’s resignation in Seoul over the weekend. ...

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