Nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a “market solution” if ArcelorMittal pulls out of a contract to take over the site, Italy’s Deputy Economy Minister Antonio Misiani said on Tuesday. Source Reuters
- In its first rate decision of the year, the central bank’s Governing Council voted unanimously to keep the main deposit rate at a historic low of -0.5%, in line with market expectations.
- The ECB’s strategic review will assess its formulation of price stability, monetary policy toolkit, economic and monetary analyses and communication practices.
BYD experiences probably its worst period in history as the plug-in electric car sales keep declining at a rate far exceeding the average New Energy Vehicle drop after the subsidies were cut in China.
In December, BYD managed to sell only 10,717 plug-in electric cars, which is 71% less than a year ago. As a consequence, plug-ins account for just 26% of total passenger car sales by the brand. Source Inside EV
The New York Federal Reserve on Thursday accepted all $44.15 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation meant to keep the federal funds rate within the target range. Source Reuters
