Bloomberg Sports-car maker Porsche AG intends to offer more green debt to support its 6 billion-euro ($6.6 billion) investment in electric vehicles. The Volkswagen AG unit will stick with green financing after selling a record 1 billion-euro green Schuldschein last year, according to Wolfgang Ratheiser, vice president for corporate finance and treasury. It has for now ruled out raising potentially ...

Bloomberg Spin, the scooter-sharing service owned by Ford Motor Co, is expanding to new markets outside of the US. The company will launch its first international fleet of electric scooters in Cologne, Germany, as soon as the spring, according to a statement. It will start with several hundred scooters and plans to increase the number quickly, though pricing hasn’t been ...

Bloomberg iDreamSky Technology Holdings Ltd is in advanced talks with buyout firm CVC Capital Partners to jointly acquire gaming firm Leyou Technologies Holdings Ltd, according to people familiar with the matter. iDreamSky, which counts Tencent Holdings Ltd among its investors, has been in exclusive talks with Leyou’s controlling shareholder since late last year, Bloomberg News previously reported. Leyou later confirmed ...

Bloomberg Facebook Inc cancelled its annual F8 Developer Conference over concerns about Covid-19, commonly referred to as the coronavirus, according to a blog post. The conference, scheduled for May in San Jose, California, has become a flagship event in the technology community in recent years, and Facebook uses F8 to provide updates on the company’s product lines. In the past, ...

Bloomberg Federal Reserve Chairman Jerome Powell said the coronavirus “poses evolving risks” to the US economy and signalled the central bank is prepared to cut interest rates if necessary to sustain the country’s longest-ever expansion. The rare statement by Powell before the financial markets closed for the US weekend came as stocks posted their seventh-straight daily loss, a slump which ...

Bloomberg The Bank of Thailand eased some foreign-exchange rules as part of a previously announced plan to temper the baht. The threshold for proceeds that do not need to be repatriated rises to $1 million from the current $200,000, effective from March 2, the central bank said in a statement, adding that the “relaxation includes not only export proceeds but ...

Bloomberg The world economy is now on course for its weakest year since the financial crisis as the coronavirus damages demand in China and beyond, according to analysts at Bank of America Corp (BofA). Global growth will slip to 2.8% this year rather than the 3.1% previously predicted, the slowest since 2009, economists led by Ethan Harris said in a ...

Bloomberg Standard Chartered Plc’s revenue will fall short this year and it will miss a key profitability target as the coronavirus outbreak and a weakened Hong Kong economy hammer the Asia-focused lender’s business. The slump in Asia, which accounts for the majority of the bank’s earnings, will contribute to 2020 revenue growth falling short of its own forecasts, according to ...

Bloomberg When Bundesbank President Jens Weidmann was asked if he gets frustrated by frequent calls for a major fiscal stimulus in Germany, he couldn’t help smiling. That’s how he reacted in an interview with Bloomberg Television’s Matt Miller, on a matter where colleagues at the European Central Bank must often be on his case. Since she became the institution’s chief ...

Bloomberg Switzerland’s negative central bank policy rate that allows the government to get paid to borrow money “inevitably raises the question” whether fiscal policy isn’t too restrictive, according to UBS Group AG. Switzerland has a low debt-to-output ratio, with a constitutionally guaranteed debt break meant to prevent out-of-control spending. The burden of keeping the economy on track falls on the ...