A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit.AFP/File RABAT (AFP) A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit. Aziz Akhennouch, a technocrat in his 50s who headed the ministry of agriculture and fisheries in the two previous governments, was appointed to the key cabinet post, the official MAP news agency reported. He replaces Nizar Baraka, whose Istiqlal party withdrew from the ruling coalition in July after strongly criticising the Islamist Party of Justice and Development (PJD) for failing to shore up the economy and solve pressing social problems. Morocco’s government has been hamstrung since May when Istiqlal first announced its intention to withdraw from the PJD-led coalition, which won the largest share of votes in parliamentary elections two years ago. Prime Minister Abdelilah Benkirane has been negotiating in recent weeks with the National Rally of Independents party, to which Akhennouch formerly belonged, to form a new cabinet and avoid early elections.
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LONDON (CNNMoney) India’s finance minister is trying hard to restore calm to the country’s financial markets. India has had a rough few weeks, with the rupee falling to a historic low and equity markets tumbling by 11% as investors pull their money out of the country. In a press conference Friday, Finance Minister P. Chidambaram tried to restore confidence even as he acknowledged that the country was facing a challenging time.
India’s finance minister tries to stem panic
Sure, Im more efficient at buying them than I used to be as I utilize more used book services, Kindle Daily Deals, and so on, but I still spend more money on books than I should and I often give into book impulse buys. When I go grocery shopping, I do a good job of sticking to my list when I shop by myself, but when my children are with me, its a lot harder. Its not because they ask for things or put stuff in the cart, but because my focus is diverted. I end up making less-than-perfect shopping choices andI know that I am. I often forget about leftovers in the fridge. Its not that I dont want to eat them, but that when its lunchtime and I go downstairs to find lunch, I might not see them or they simply slip my mind.
In personal finance, nobody’s perfect
Agarwala, Director, Aditya Birla Group; Vikram Gandhi, Founder/CEO of VSG Capital Advisors; Kevin Lim, CEO of First Finance; Suresh K. Krishna, MD of Grameen Koota; Sohail Hasnie, Principal Energy Specialist, SE Asia Department of the Asian Development Bank; Dr. Liu Thai Ker, former CEO of Housing Development Board Singapore and Advisory Board Chairman of Center for Liveable Cities; Hassan Ahmad, CEO of Mercy Relief; Graham Saunders, Head of Shelter and Settlements at the International Federation of Red Cross and Red Crescent Societies; Dr. Mohamed El Sioufi, Coordinator, Housing and Slum Upgrading, UN-Habitat, Nairobi; Richard Northcote, Head of Communications, Public Affairs and Sustainability of Bayer MaterialScience; and Efren Penaflorida, 2009 CNN Hero of the Year.
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The others included Don Mervyn Jayasinghe with 501 shares, Sunil Jayatissa 501 shares and Lalith Kotelawala, Secille Kotelawala, Sunil Rajapaksha and Malini Sabaratnam each holding 500 shares. Amongst the non-voting shares a total of twenty Ceylinco group companies made their presence noted with TFC itself owning 10,335,000 shares and the Golden Key Company 23,000 shares. Quite like most of the so-called Ceylinco Group, this company was no different: all the companies were composed of ownership from within the Group by and large. The domino effect that was waiting to happen did exactly that when the Ceylinco crisis hit the deck in December 2008.