Bloomberg A revolution in south Australia is wresting power from utility-owned grids and putting it inside batteries installed inside the homes of electricity consumers. Billed as the world’s biggest “virtual power plant,” AGL Energy Ltd. is installing 1,000 batteries in and around Adelaide at a cost of about A$20 million ($15 million), according to a statement on Friday. The ...

  Bloomberg Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies in a ship to potentially lock in profits on a sale six months later, according to a Bloomberg survey of 6 traders and analysts. In ...

  Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan signaled Germany’s largest lender may have to deepen cost cuts after second-quarter profit was almost wiped out by a slump in trading revenue and costs tied to job reductions. The shares declined. Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a larger loss than estimated in the ...