Investors are throwing billions of dollars at connected cars. The technological advances that enable vehicles to be linked into wireless networks promise greater efficiency and, in theory, safety. They also open the possibility of being watched and monitored more closely — and that may be a problem for China’s self-proclaimed rival to Tesla Inc. Nio Inc., the electric-vehicle maker that ...

Sergio Ermotti, the chief executive officer of UBS, will hope that the selloff battering global markets is merely a “healthy correction,” as some investors have described it, rather than something more serious. The past five years have seen the boss of UBS Group AG deliver on a promise of reliable returns and dividend payouts, largely by boosting his wealth management ...

Europe’s leaders have come down hard on Italy for its plans to increase spending with the aim of boosting growth and helping the poor. What they fail to recognise is that a little stimulus might be just what the Italian economy needs. The outlook for the global economy is deteriorating more rapidly than forecasters realise. A slowdown in China has ...

Bloomberg Surging profits, a humming economy, lower Treasury rates. The things that used to rev up the stock market are no longer able to get its motor running. Suddenly it seems like everything is a headwind. The Federal Reserve is raising rates. Cost pressures are percolating. Valuations are under siege and a decade-long bull market is at stake. Rather than ...

Bloomberg The optimism sweeping Brazil’s stock market has reached nose-bleed levels. Analysts are predicting massive gains over the next 12 months on the back of Jair Bolsonaro’s likely win in this weekend’s presidential runoff, saying that he could send stocks to unprecedented highs if he aggressively pursues measures to shore up government finances. The right-wing lawmaker and his economic adviser, ...

Bloomberg Deutsche Bank AG Chief Executive Officer Christian Sewing gave himself one year to turn around the lender. Six months into his tenure, urgent questions about the future are becoming louder as the stock slumps to record lows. After disappointing investors by posting the lowest third-quarter revenue in eight years and abandoning some targets, the stock rout worsened, producing Deutsche ...

Bloomberg Seven years “is more than enough time at any company that has to put up with me.” That’s George Culmer’s assessment as he steps down as chief financial officer of Britain’s largest mortgage lender. His comments may come as surprise to Lloyds Banking Group Plc chief Antonio Horta-Osorio, who has been at the bank just as long. “I am ...

Bloomberg DNB ASA dropped after third-quarter profit disappointed with income from its investment banking and trading declining. Norway’s biggest bank’s third-quarter net income failed to rise from a year earlier, ending at 5.44 billion kroner ($652 million) and missing a 5.67 billion-krone analyst estimate compiled by the bank. “There will be fluctuations from quarter to quarter, but regarding the investment ...

Bloomberg The Italian government would step in to help in the event of a crisis in the banking sector, Finance Minister Giovanni Tria said, echoing comments made by one of the country’s two coalition leaders earlier in the week. In the event of a crisis, the government “must in one way or another intervene; saying how isn’t possible, if a ...

Bloomberg Danske Bank A/S’s laundering scandal and a massive dividend-tax fraud now look set to influence elections due to be held in Denmark next year. The country’s politicians are promising major changes to how the financial industry will be policed. The goal is to appease voters stunned by the sheer scale of allegations against their country’s biggest bank, and by ...