The German economy accelerated in the second quarter, driven by stronger domestic consumption and a slight pickup in investment.
There’s a “real possibility” Turkey will impose capital controls to stem the plunge in the lira, which would be bad for the whole developing-nation asset class, said veteran emerging-markets investor Mark Mobius.
The Indian rupee hit the 70-per dollar mark for the first time, tumbling to a record low, as a Turkey-led rout in emerging-market currencies intensified losses.
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender, reverse a decline in lending.
Tata Steel Ltd. shares advanced in Mumbai after the company said first-quarter profit doubled, with results bolstered by rising demand in India and growth in the global market supported by lower exports from China.
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