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Finance & Markets

Turkish Market Clearinghouse CEO Resigns as Fund Probe Widens

Yunus Arinci, the chief executive officer of Turkey’s settlement and custody bank Takasbank, resigned after being questioned by prosecutors as part of an investigation into the country’s fund crisis, according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Kia's Oct. sales rise 10% on strong SUV demand

Kia said Monday its vehicle sales rose 10.3 percent from a year earlier in October, driven by strong overseas demand for its sport utility vehicle (SUV) models. Kia sold a total of 291,219 vehicles last month, up from 264,017 units a year earlier, the company said in a press release. The figure includes sales of military vehicles.

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