Automaker’s ambition to eliminate use of the materials in future models is focusing attention on the field of potential alternatives.
Bank stocks slumped Monday as investors reeled from the historic takeover of Credit Suisse Group AG that will wipe out a class of bondholders, adding to this month’s $1 trillion plunge in global financial shares.
Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.
Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks in Asia and emerging markets versus their value peers.
Gold steadied, after rising above $2,000 an ounce for the first time in a year after a deal to buy Credit Suisse Group AG failed to entirely ease fears over the global banking sector.
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