Bloomberg Porsche bought a 10 percent stake in Rimac Automobili, a Croatian maker of electric supercars and components, as the German sports car brand looks to accelerate its shift into battery-powered vehicles. “Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for the unit of Volkswagen AG, said in a statement. “We feel that …

Bloomberg Japan is famous as a land of robots, but most of those machines haven’t made their way off of factory floors. That presents an opportunity in a country with a serious labour shortage and a relatively unproductive services sector. Automation is seen as a key to better productivity and higher wages, which would in turn support consumption and help …

Bloomberg After struggling for years to address complaints with its audio and connectivity systems, Ford Motor Co. achieved its highest-ever ranking this year in a closely watched annual study of new-car quality. Ford’s namesake brand ranked fifth in J.D. Power’s Initial Quality Study, which measures problems per 100 vehicles in first 90 days of ownership. Ford was one of the …

Bloomberg Big banks cleared the first hurdle of this year’s US stress tests as the Federal Reserve found all 35 lenders examined could withstand a severe economic downturn, though Goldman Sachs Group Inc. trailed the rest of Wall Street in a key measure of leverage. The results announced mark the third straight year every bank exceeded the Fed’s minimum capital …

Bloomberg An ex-Deutsche Bank AG banker told a Milan court that the controversial Santorini transaction signed with Banca Monte dei Paschi di Siena SpA was a risky deal for the German bank and was properly accounted for by the Italian lender, challenging the prosecution’s case. Marco Veroni, the first Deutsche Bank defendant questioned by prosecutors at the Milan trial, disputed …

Bloomberg Mark Carney’s Bank of England has new powers that allow it to raise a war chest of more than 750 billion pounds ($1 trillion) — without permission or protection from the government. Under a new financial framework, the bank could unilaterally lend more than that amount if it needs to step into action to keep the banking system — …

Bloomberg Mexico increased borrowing costs for the second time this year as higher US interest rates, global trade tensions and the July 1 presidential election have battered the country’s peso, posing a risk to inflation. The currency strengthened on the decision. Policy makers, led by bank Governor Alejandro Diaz de Leon raised the key interest rate a quarter-point to 7.75 …

Bloomberg India’s government is likely to sell a part of its stake in IDBI Bank Ltd. as early as next month and potential buyers include the country’s top insurer, said people familiar with the matter. Potential investors would include Life Insurance Corporation, the people said, asking not to be identified as the information isn’t public. The sale would lower the …

Bloomberg In the perennial battle between Boeing Co. and Airbus SE, China has for years tried to keep orders on an even keel between the duopoly. Now, thanks to US President Donald Trump, the American planemaker is at risk of losing its meager lead in the world’s second-biggest aviation market. With the rising prospect of an all-out trade war after …

Bloomberg Naspers Ltd. has put aside the proceeds of share sales in Chinese internet giant Tencent Holdings Ltd. and India’s Flipkart to pay for new investments due to the abundance of opportunities in its preferred media and technology markets. Africa’s biggest company by market value raised $9.8 billion in March by selling a 2 percent stake in Tencent — its …