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Marc Faber : All Central Bankers Should Resign

BMW hits new 1st-quarter sales record Best Buy CEO Resigns Amid Probe Profit Drop at U.S. Banks Imperils Rally Stocks to watch: Chevron, Mattress Firm Gold pauses after 4-day rally; investors turn cautious Barclays rallies 4% as Investec says 'buy'

Timizzer.com Televisa and Alsea beat estimates in the Mexican Stock Exchange Brazilian exports to Argentina fall 27% in April Car sales has best four months in history of Argentina YPF has new chief President of TIM in Brazil resigns after allegations JBS joins chicken market Timizzer.com

Former Foreign Secretary Philip Hammond has been appointed as Chancellor of the Exchequer. He takes over from George Osborne, who has resigned from the government. Having been in Parliament since 1997, Mr Hammond is one of the Conservatives' most experienced politicians and it is said that he has long wanted the role of chancellor.

After resigning from Xstrata in the wake of bitter merger negotiations with Glencore, Mick Davis is on the comeback trail with his new venture X2 Resources. Mining Technology recounts the fractious months leading up to Davis's departure from Xstrata and analyses his plans for X2, a new and well-backed force in the natural resources sector.