Turkey’s government is making cheap credit a key part of its campaign trail, pushing banks to take on greater risks in an economy that’s already teetering on the brink of recession.
Electric cars are holding their own in China, the world’s biggest auto market where the industry has seen a slump in overall sales for seven straight months.
Palladium burst above $1,500 to hit a record, extending a powerful rally driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls.
Rosen, now deputy secretary of the U.S. Transportation Department, would replace Rod Rosenstein, who oversaw the investigation led by Special Counsel Robert Mueller.
China’s central bank announced the first of a new kind of market operation which aims to encourage financial institutions to issue perpetual bonds to boost their capital.
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