A round-up of the key stories across the specialist financial media, including news that Andrew Moss has bowed to investor pressure and stepped down from the helm at Aviva
Moss steps down from Aviva helm
Andrew Moss has bowed to investor pressure and stepped down from the helm at Aviva, becoming the latest casualty of shareholder revolt over corporate pay levels.
KPN jumps after America Movil makes $3.4 billion offer
America Movil, the wireless carrier owned by the world’s richest man, Carlos Slim, offered €2.6 billion ($3.4 billion) to increase a stake in Royal KPN NV in its biggest investment outside Latin America.
China’s gold imports gain as country might become biggest user
Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, adding to signs that the country might displace India as the world’s largest consumer of the precious metal on an annual basis.
The Bank of Japan stepped back into the stock market on Monday, making its largest single-day purchase of exchange-traded funds to date, though the move failed to prevent a sharp fall for the Tokyo equity market.
A small but increasing number of investors are trading emerging-market currencies against each other, rather than against the dollar, say analysts and traders.
