Bloomberg A $255 billion debate is raging among the world’s biggest automakers. Some think electric cars made by companies besides Tesla Inc stand the chance to be hits, while others think they’ll fail to really sell. Toyota Motor Corp may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not ...

Bloomberg For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As the 25-year-old turned the wheel in Silicon Valley, an empty truck 2,500 miles away in Atlanta picked up ...

Bloomberg Deutsche Bank AG is working on an alternative strategy to present to investors should takeover talks with rival Commerzbank AG collapse, according to people familiar with the matter. Some top shareholders want the bank to prepare options as obstacles to a combination pile up, according to people familiar with the matter. Chief Executive Officer Christian Sewing is considering two ...

Bloomberg Red Kite, the world’s best-known metals hedge fund, reached a settlement with Barclays Plc over claims traders at the bank engaged in abusive trading and manipulated copper prices on the London Metal Exchange. The financial terms of the agreement will not be publicly disclosed, according to a statement. Red Kite had previously said actions by Barclays traders cost it ...

Bloomberg US banks think a Wall Street revival is coming. Executives cited a good start to April and the expectation of several large initial public offerings in coming months to offer hope after a rough start to 2019 for their capital-markets businesses. The five largest Wall Street firms’ trading and investment banking revenue both fell in back-to-back quarters, the first ...

Bloomberg South Korea’s central bank cut its economic growth and inflation forecasts and left its key interest rate unchanged as the nation’s export-dependent economy faces rising risks. BOK Governor Lee Ju-yeol said the gross domestic product was now expected to grow 2.5 percent and inflation to register 1.1 percent in 2019. Those marked downgrades from forecasts of 2.6 percent and ...

Bloomberg The Bank of Japan (BOJ) cut bond purchases for the first time in two months, surprising traders as local markets approach a 10-day shutdown for this year’s extended Golden Week holidays. The central bank offered to buy 160 billion yen ($1.4 billion) of securities maturing in the 10-to-25 year zone at regular operation, versus 180 billion yen previously. It ...

Bloomberg Jet Airways India Ltd, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India’s booming aviation sector. Once the nation’s biggest airline by market value, Jet Airways’ shares nosedived by a record 31 percent in Mumbai after saying it would suspend operations on a “temporary” basis as it ran out ...

Bloomberg Boeing is working through the final steps before asking US regulators to review an update for anti-stall software linked to two fatal 737 Max accidents, an early milestone to lifting a global grounding of its best-selling jet. But there are many steps in the Federal Aviation Administration’s (FAA) assessment of the proposed fix, and that process could stretch well ...

Bloomberg Kering reported sales that narrowly beat analysts’ estimates as growth at its flagship Gucci brand cooled from last year’s relentless pace. Gucci’s growth has been slowing gradually in the third year of a blockbuster turnaround under CEO Marco Bizzarri and designer Alessandro Michele, whose decadent products like crystal-coated sunglasses and serpent-painted handbags ushered in an era of new maximalism ...