Bloomberg Self-driving vehicles will be ready to roll next year, though the work to make them affordable to individual consumers is still “in the first inning,” according to the CEO of a company working on the technology. Initial autonomous auto customers will be businesses deploying delivery vehicles and robot taxis, said Kevin Clark, the chief executive officer of Delphi Automotive …

Bloomberg Banks emerged relatively unscathed from global regulators’ final batch of post-crisis capital rules, with few lenders needing to raise major new funds. The Basel Committee on Banking Supervision on December 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant …

Bloomberg The People’s Bank of China will refrain from raising open-market interest rates even if the US Federal Reserve decides to increase borrowing costs next week, according to a Bloomberg survey. More than 80 percent of 32 economists, analysts and traders said that the PBOC will maintain its current rates on reverse-repurchase agreements, which guide the cost of funding in …