China’s decision to reverse a 25-year-old ban and allow trade, in ‘special cases,’ in products made from critically endangered tigers and rhinos provoked a predictable firestorm of criticism. China has sought to portray the move as a responsible way to regulate such goods: The goal is to produce a steady supply of things like rhino horns — used in traditional ...

Tesla Inc.’s quarterly SEC filing has arrived. And while there is much to read through, one thing that usually emerges quickly from these documents is exactly how much revenue was made from regulatory credits. To recap, Tesla gets the credits for selling electric vehicles and then sells them to other carmakers that manufacture traditional cars. The pattern of revenue from ...

Speculation flew over the past day or so that Twitter was getting rid of its Like button. The social-media company quickly reassured the public that this was just one possible change among many being discussed as part of an internal dialogue about encouraging healthy conversation. But the mere fact that eliminating Like is being considered illustrates the problems with Twitter’s ...

Bloomberg Barclays Plc was the worst performer among 48 banks in Europe’s toughest stress test yet, underscoring the vulnerability of UK lenders to weak growth, credit losses and Brexit. Fellow British lender Lloyds Banking Group Plc didn’t fare much better in the test, with a key measure of financial health falling sharply in the most adverse scenario envisioned by supervisors. ...

Bloomberg One of the European Union’s most loyal members is voicing deep unease at the path Brexit negotiations are on. Denmark, which joined the EU the same year as Britain, is urging Brussels to work much faster to avoid the dysfunction that would ensue in the event of a so-called hard Brexit. A key concern is that the EU still ...

Bloomberg About one in 10 of China’s 4,000 banks received a fail rating in the central bank’s first review of the industry’s risks, highlighting challenges facing the nation’s $45 trillion financial system. Four hundred and twenty firms, all rural financial institutions, were deemed extremely risky after scoring eight or higher out of 10, according to the 2018 China Financial Stability ...

Bloomberg With India’s central bank emerging as the biggest buyer of government debt, some traders are calling time on a rout that’s lasted more than a year and sent benchmark yields soaring to a four-year high. The Reserve Bank of India bought 860 billion rupees ($11.8 billion) of bonds between May and October, and plans to inject 400 billion rupees ...

Bloomberg New Zealand banks have been ordered to take steps to reduce the risk of bad behaviour, including scrapping all incentives linked to sales. In a report on bank culture and conduct released on Monday by the Reserve Bank and the Financial Markets Authority, the regulators said they identified “significant weaknesses in the governance and management of conduct risks” that ...

Bloomberg The Lion Air plane that crashed last week had faulty airspeed readings during its last four flights, Indonesia said, asking Boeing Co. to take corrective measures on the aircraft to prevent similar accidents. Indonesia’s National Transportation Safety Committee is collecting data related to the recovery efforts made during the prior malfunctions, the agency said in a statement on Monday, ...

Bloomberg Did Michael Kors Holdings overpay for Versace? The market said yes, but some analysts see something different. The stock got two upgrades in the past two days, with analysts at UBS Group AG and Piper Jaffray both citing the potential for Versace to drive gains after the stock was punished for the $2.2 billion acquisition in late September. Michael ...