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Posts Tagged ‘last ditch’

UK’s Prudential wants to pay less to save AIA deal

Prudential (PRU.L) has entered talks to cut its US$35.5 billion offer for AIG’s (AIG.N) Asian life insurance arm in a last-ditch bid to salvage a deal criticised by shareholders as too expensive.

The UK’s biggest insurer wants to cut the price to about US$30 billion, a reduction of 15%, said one source close to the deal, who asked not to be named.

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EU ministers agree on euro package

The European Union has cobbled a last ditch, $960 billion safety net for financially struggling members. The EU hopes to calm fears that the Greek financial crisis will spread to other countries using the euro currency.

Lindsay Lohan In Therapy

Lindsay Lohan is now under the care of a licensed professional. The often troubled actress is reportedy meeting with a therapist three times a week as part of plea deal to get rid of her pesky pop. Michael Lohan leaked nearly a dozen taped recordings of phone calls he’d had with and about his daughter [...]

Party rebels move on Japanese PM

By Roland Buerk
BBC News, Tokyo

Taro Aso

Rebels within Japan’s governing party are making last ditch attempts to remove Prime Minister Taro Aso before he can dissolve parliament on Tuesday.

Local media say a petition has been signed by more than a third of the party’s MPs demanding a meeting.

Under party rules it must be held within seven days.

Mr Aso said he would call an election for 30 August but critics within his party said under his leadership it would be political suicide.

For decades it was a slick, election-winning machine, but now Prime Minister Taro Aso’s decision to call a snap poll has caused chaos in his Liberal Democratic Party.

Members of parliament, including Japan’s finance minister Kaoru Yosano, have signed a petition demanding an urgent party meeting.

Rebels have called openly for Mr Aso to be ousted believing he is leading them to an historic defeat.

The LDP has been in power for almost all the past half century.

It was earlier this week that Prime Minister tried to head off his party critics by letting it be known he would dissolve parliament next Tuesday.

Deeply unpopular, he has been under pressure to step down for months.

Japan is in a deep recession and at times the Prime Minister has appeared indecisive.

Many believe a last minute change of leader would do little to improve the Liberal Democratic Party’s fortunes.

Mr Aso is already the fourth prime minister since the party won the last election to the more powerful lower house of parliament in 2005.</p


This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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