India’s plunging auto sales are making investors nervous. Their bigger worry should be the vanishing new roads. The country’s top six automakers reported a 29% decline in August sales. A 45% slump in commercial vehicle sales by Tata Motors Ltd., the No. 1 Indian truck maker, added to the gloom. With GDP growth facing its longest slump since 2012, India ...

The idea of capping rents for five years in Berlin, the city where they have been going up faster than anywhere else in Germany (except much cheaper Leipzig), has always smacked of Communist price controls. Now the Berlin Senate has published a legislative proposal on how a rent ceiling is supposed to work – a clear indication that the leftist ...

Last week’s news headlines were dominated by hawks on the European Central Bank’s (ECB) governing council pushing back against the restart of quantitative easing. It’s a sure sign that Mario Draghi, the soon-to-depart ECB president, is readying the bond-buying bazooka once again. He has little choice but to ignore the protests of Germany, France and the Netherlands. As central banks ...

The generational divide is described and defined in many different ways, some more empirical than others. Many of these theories are speculative rather than confirmed, so in that spirit I would like to offer my nomination for what is truly the dividing force: screen size. In a nutshell, younger people today are very comfortable with a small screen and older ...

Bloomberg US stock-index futures drifted, failing to pick up momentum from a broad advance in equities in Europe and Asia after more signs emerged that China will move to lessen the trade war’s repercussions. Oil futures rose with the dollar. Gains in the Stoxx Europe 600 Index came in part from the strong rotation into cyclical sectors that had lagged ...

Bloomberg Indian stocks rose as investors anticipated more government steps to revive consumer sentiment ahead of the festival season that accounts for a bulk of the nation’s sales. The S&P BSE Sensex gained 0.3 percent to 37,270.82 at the close in Mumbai, advancing for a third consecutive session. The NSE Nifty 50 Index also climbed 0.3 percent. The nation’s financial ...

Bloomberg Switzerland said Facebook Inc’s planned Libra cryptocurrency would need an official green light, with granting of a license contingent on the risks of reserve management being borne by the organisation and not by stable-coin holders. Swiss financial regulator Finma said the project would need a payment system license and would be subject to additional rules to take “bank-like” risks ...

Bloomberg Nordea Bank Abp’s activist investor Cevian Capital wants management to conduct an in-depth review of its wholesale banking activities after years of underperformance. Christer Gardell, managing partner at Stockholm-based Cevian, said that “it’s obvious that the segment is not performing,” in emailed comments to Bloomberg. That’s why Cevian thinks Nordea needs to do “a thorough review of the size ...

Bloomberg The Indian lender that’s been most hurt by a yearlong shadow banking crisis in the nation is getting a reprieve after a local media report that it’s in early talks to sell a stake to an Alibaba Group Holding Ltd-backed company. Shares of Yes Bank jumped as much as 8.5 percent on Wednesday. While the lender is the worst ...

Bloomberg The Bank of Ghana is strengthening its capacity to regulate lenders and avoid a repeat of a sector cleanup which cost the West African nation more than 14 billion cedis ($2.5 billion). The central bank’s supervision unit is employing more staff and acquired a new IT system to monitor compliance, Osei Gyasi, head of the division, told a conference ...