Bloomberg Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was aimed at helping Mapbox go beyond maps ...

Bloomberg The Farnborough air show, best known as the year’s biggest marketplace for passenger planes, also acts as a testbed for the aviation industry’s wilder imaginings. Vying for attention with billions of dollars in jetliner deals at this year’s expo is a smorgasbord of new technologies, many seemingly intent on eliminating the human from the equation. Boffins at UK engineering ...

Bloomberg Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an initial public offering that could raise about $300 million, people with knowledge of the matter said. The startup, founded in 2014, is working with advisers on the potential IPO, said the people, who asked not to be identified because the information is private. ...

Bloomberg It took a mere decade for airborne web surfing to shift from novelty offering to essential airline service. Yet for Gogo Inc., the largest provider in the field, selling an amenity that almost everyone wants has oddly become a business that stinks. The company operates two units, one focussed on business aviation and the other on commercial airlines. The ...

Bloomberg In the high-stakes drama of soured loans and failed investment banking ambitions that is European finance, Sergio Ermotti has a problem others would love to have: His UBS Group AG is starting to look a little dull. Seven years after a sweeping revamp of the bank, whose tilt toward wealth management became a blueprint for rivals, the chief executive ...

Bloomberg Banks are going even more mobile. US Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC ...

Bloomberg The Nordic region’s biggest bank reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year. Nordea Bank AB saw net income grow to 1.09 billion euros, just beating the 1.05 billion-euro estimate in a Bloomberg survey of analysts, according to a ...

Bloomberg Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview. They are Thomas Morrison, who will join from Deutsche Bank in September as head of financial resource management, ...

Bloomberg Argentine Central Bank President Luis Caputo ditched a traditional press conference about monetary policy and instead held a question-and-answer session — with his own staff. It was the central bank’s first quarterly monetary policy report under Caputo, who took over the helm of the institution on June 14. His predecessor, Federico Sturzenegger, used to hold a press conference with ...

Bloomberg The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. US President Donald Trump took to Twitter to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan plunged past 6.80 per dollar for the first time in a year ...