Erdogan Downplays Bank Woes as Campaign Trail Pushes Cheap Loans
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.
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.
The traditional relationship between inflation and employment has faltered in much of the developed world -- nowhere more so than in Australia where it’s seen an unprecedented breakdown in the past few years.