Bernanke says more progress needed before stimulus pullback
The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Rio Tinto CEO to step down after $14 billion charge
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
Global miner Rio Tinto Chief Executive Tom Albanese is pictured during a news conference in Sydney November 29, 2012.
Credit: Reuters/Tim Wimborne/Files
LONDON |
LONDON (Reuters) - Global miner Rio Tinto (RIO.L) (RIO.AX) said its chief executive would step down after it announced a $14 billion non-cash impairment charge in its 2012 results due to problems in Mozambique and aluminium assets.
The group said Tom Albanese would step down as chief executive by mutual agreement with the Rio Tinto Board, and he would be replaced by Iron Ore Chief Executive Sam Walsh.
(Reporting by Kate Holton; editing by Sarah Young)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters