Talk of the demise of the world’s largest industrial-machinery maker is probably overdone. Fanuc Corp., the low-key Japanese automation giant whose machines pepper factory floors across the globe, has fallen from investors’ grace: The stock is down more than 30 percent from its January high, while the Topix index has lost less than 6 percent. Much of the gloom stems ...

It’s said that banks stopped inventing anything useful after the ATM. Yet bailed-out lender Royal Bank of Scotland Group Plc (RBS) has given us not just one valuable payments processor, but two. Its Worldpay business was sold to private equity and changed hands again last year for $10 billion. Now Amsterdam-based Adyen BV — whose founders worked for Worldpay — ...

The researchers who pioneered insulin injections for diabetes sufferers in 1922 were dedicated to making the life-saving treatment widely available, and gave away their rights to profit from the discovery. Yet almost a century later, the medicine is still beyond the reach of roughly half of the 100 million people around the world who need it. Governments should be asking ...

On 6 June 1944, American soldiers stormed the beaches of France, beginning a campaign that would roll back Nazi Germany’s control of Western Europe. It was an unprecedented display of military might and organizational prowess for the US. The man who led that heroic effort was himself of German descent—general and future president, Dwight D. Eisenhower. Eisenhower’s family, which changed ...

While Hong Kong’s stock and bond investment pipes to mainland China get much attention, a third link between the financial center and the People’s Republic has largely flown under the radar. The hidden “connect” hooks up banking flows from the city with borrowers up north; it’s large, and growing fast. Left unchecked, it could weaken Hong Kong’s lenders. Fitch Ratings ...

It’s hard to recall the last time there was good news out of Deutsche Bank AG. Record fines and criminal charges. Restructuring plans with layoffs and write-offs, that don’t seem to work. Losses. Senior management infighting. Credit-rating downgrades and new lows for the stock price. Added to a US list of troubled lenders. Only three of the 33 equity analysts ...

Bloomberg The world’s favourite stocks fought through to their seventh rally in nine weeks, though not without landing a few blows on traders. For about 24 hours on Thursday and Friday, losses in the FAANG block looked liable to snowball, bringing back memories of a similarly out-of-the-blue lurch almost exactly a year ago today. But the nervousness abated, possibly aided ...

Bloomberg The pound could be in for a wild ride as the UK’s Brexit bill goes to a vote in Parliament. Traders will be watching for signs of what kind of Brexit UK lawmakers will decide on, as well as how Prime Minister Theresa May is faring, with the pound set to sell off if her leadership looks to be ...

Bloomberg HSBC Holdings Plc’s Steven Major is starting to show a little less conviction on two of his big investment calls of recent years: bullish Treasuries and bearish credit. The shift comes as traders shaken by weeks of turbulence across asset classes regain their footing. In European credit markets, the biggest high-grade sell-off in more than two years has created ...

Bloomberg Banks responsible for about half of India’s internal trade have joined a consortium that aims to introduce blockchain technology in order to speed up processes and reduce hurdles to approving new loans. Fourteen local banks have signed up for the India Trade Connect consortium, which hired the Bengaluru-based software firm Infosys Ltd. to develop a blockchain platform for loans ...