Bloomberg Niantic Inc., the company behind the popular game Pokémon Go, is looking to catch a $3.9 billion valuation, according to a person familiar with the matter. The San Francisco-based company is planning to raise at least $200 million in a round led by venture capital firm IVP, said the person, who asked not to be identified because the discussions ...

Bloomberg Grab is attracting more global backers after the ride-hailing service defeated Uber Technologies Inc. in Southeast Asia. A motorcycle maker has become the latest investor. Yamaha Motor Co. agreed to invest $150 million in Grab and the two will collaborate on motorcycle-ride services in Southeast Asia with a focus on Indonesia, the Japanese manufacturer said in a statement. Singapore-based ...

Bloomberg K-Swiss Inc. is introducing a line of sneakers designed for video-game competitions, another attempt by athletic brands to capitalise on the burgeoning esports market. The new shoes sell for $110 and bear the logo of Immortals, an esports organisation that fields teams for the games Overwatch and Counter-Strike: Global Offensive. K-Swiss is now readying a “performance” version of the ...

Bloomberg Mario Draghi said risks to the euro-area economy are worsening even as he called time on the European Central Bank’s flagship deflation-fighting tool. The ECB president told reporters in Frankfurt that while risks are still “broadly balanced,” they are now “moving to the downside” because of a range of concerns over geopolitics, trade protectionism and market volatility. The significant ...

Bloomberg Federal Reserve officials will pull the trigger on another interest-rate increase next week before slowing the pace of hikes in 2019 as risks to the US economy mount, according to a new Bloomberg survey of economists. They expect the Fed will raise rates by a quarter percentage point at its December 18-19 meeting while dialing back the number of ...

Bloomberg The Reserve Bank of India’s board bought more time to review the government’s demand for a greater say in the central bank’s functioning, one of the issues that had fostered hostilities between the two sides. “The board deliberated on the governance framework of the Reserve Bank and it was decided that the matter required further examination,” the central bank ...

Bloomberg Taiwan’s banks, voracious lenders to Chinese companies in recent years, are starting to cool their appetite as they contemplate the longer-term consequences of the US-China trade war. Faced with low interest rates at home, Taiwanese lenders — renowned for their clout in Asia’s syndicated loan market — poured across into the mainland, so much so that the local regulator ...

Bloomberg Germany’s Bundesbank expressed confidence that the economy will quickly overcome its latest slowdown, even though it cautioned that growing protectionism and a disorderly Brexit pose threats to the outlook. The central bank lowered its growth forecasts for 2018 and 2019 and also cut its inflation outlook for next year. Output in Germany, Europe’s largest economy, contracted in the third ...

Bloomberg Boeing Co. has kicked off its industrial foray into China, handing over the first 737 Max completed in the country to Air China as executives looked past simmering trade tension to a $2.7 trillion market opportunity. The jetliner was the first to be delivered outside the US by the Chicago-based planemaker, although the aircraft for all intents and purposes ...

Bloomberg Spirit Airlines Inc., the tardiest US airline only two years ago and a lightning rod for customer complaints, just won its first monthly title for the nation’s best on-time performance. The discounter avoided late arrivals on 89 percent of its flights in October, edging out Hawaiian Holdings Inc. and Delta Air Lines Inc., according to Department of Transportation data. ...