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Rolls adds own battery-powered ship engines

Bloomberg Rolls-Royce Holdings Plc has begun offering its own battery-powered ship engines in a move that signals the gathering momentum behind a push towards hybrid and ultimately all-electric vessels. While maritime demand for lithium-ion batteries is focused on providing top-up power for traditional diesel and gas-turbine ships, the technology could propel fully electric craft over a limited range, according to ...

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Australian dollar’s tumble not enough to satisfy RBA

Bloomberg Australian central bank chief Philip Lowe said he’d still like to see the nation’s currency weaken further and sees interest rates remaining at a record low “for a while yet.” “It is likely to be some time before we are at full employment and the inflation rate is comfortably within the target range on a sustained basis,” Lowe said ...

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Barclays hires CFO of Berlin’s tech star to run Germany operations

Bloomberg Barclays Plc has tapped Rocket Internet SE’s chief financial officer to lead its German operations, according to people with knowledge of the matter. The British bank will soon name Peter Kimpel as head of Germany as early as next week, the people said, asking not to be identified discussing private information. He will fill a post that’s been vacant ...

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