Bloomberg The thwarted coup attempt in Turkey is leaving derivatives traders with little doubt the country’s three-year sojourn in investment grade is coming to an end, potentially triggering a fire sale of almost $9 billion of bonds. In the three trading days since President Recep Tayyip Erdogan survived a bid by a faction of the military to depose him, …

  Bloomberg Daimler AG maintained the profitability of its Mercedes-Benz Cars unit in the second quarter even as it spent money to introduce a new version of the E-Class sedan, a model it said will help boost returns the rest of the year. Adjusted for special items, the return on sales was 10 percent at the division, which includes the …

  Bloomberg The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote and now seeing two quarters of contraction this year. While the 0.1% decline in gross domestic product anticipated in each of the third and fourth quarters is modest, it will mark the end of …