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November 11, 2017 Technology
Bloomberg Zynga Inc. wants to be the go-to place for mobile card games. The San Francisco-based online gaming pioneer is acquiring the copyrights for mobile card game business of Turkish game designer Peak Games for $100 million in a deal expected to close in the fourth quarter. The Peak business is profitable and will add to earnings, Zynga Chief Executive …
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November 11, 2017 Technology
Bloomberg Tencent Holdings Ltd. has developed its own autonomous driving system, according to people familiar with the matter, becoming the latest technology player to dive into a crowded field that could become a $42 billion industry. The social media giant intends to leverage its mapping and artificial intelligence (AI) technology to compete in a sector that’s attracted investment from the …
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November 11, 2017 Technology
Bloomberg Navya Technologies SAS will roll its robot-driven automobiles onto the cobbled streets of Paris in the next few weeks to try and beat behemoths from General Motors Co. to Alphabet Inc. at proving autonomous cars are safe. The French startup’s 15-seater driverless shuttles have been dodging bankers and corporate executives in the capital’s business district of La Defense since …
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November 11, 2017 Banking
Bloomberg China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers. The new rules, unveiled at a government briefing, will give global financial companies unprecedented access to the world’s second-largest economy. The …
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November 11, 2017 Banking
Bloomberg Deutsche Bank AG expects to raise about 2 billion euros ($2.3 billion) from selling a quarter of its asset management business in an initial public offering, according to people familiar with the matter. The partial offering would value the unit at about 8 billion euros and account for substantially all the capital the bank had expected to raise through …
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November 11, 2017 Banking
Bloomberg Pakistan central bank Deputy Governor Jameel Ahmad played down concerns over the nation’s widening current account and trade deficits and said they will improve this year as exports begin to pick up and rising imports slow. “There are challenges in the form of a growing trade deficit and also its impact on the current account deficit, but when you …
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November 11, 2017 Banking
Bloomberg New Zealand Finance Minister Grant Robertson said he expects to discuss the central bank’s current focus on the 2 percent midpoint of its inflation target band once a new governor is appointed. “The most important thing for me is that we continue, and we’ve committed to, keeping the band,†he said in an interview in his Wellington office. “I …
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November 11, 2017 Banking
Bloomberg The South African Reserve Bank can provide support for the economy even as it remains focused on inflation, Governor Lesetja Kganyago said. While inflation risks remain tilted to the upside, the central bank has to consider South Africa’s challenging economic environment in setting policy, Kganyago said in a printed copy of a speech delivered to investors in New York …
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November 11, 2017 Aviation
Bloomberg Eager to show he can narrow the trade gap with China and create jobs at home, US President Donald Trump touted an order for 300 Boeing Co. planes. Yet the bulk of the deal announced in Beijing was old news. The order, with a list value of $37 billion before customary discounts, consists mostly of previous agreements, officials with …
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November 11, 2017 Aviation
Bloomberg Vietnam Airlines Corp. will offer more shares to foreign investors, including possibly another airline, as it prepares a listing on the Ho Chi Minh City Stock Exchange next year and the government plans to cut its holdings to 51 percent. The carrier—which sold an 8.8 percent stake to ANA Holdings Inc. last year for $108 million—is discussing the sale …
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