Bloomberg Tesla Inc. could raise funds as soon as this year as Elon Musk’s company ramps up production and prepares for maturing debt, analysts at Morgan Stanley predict. The company, whose stock has slumped 25 percent in the past six weeks amid a string of controversies, could raise $2.5 billion in equity in the fourth quarter from investors that have ...

Bloomberg The European business of coffee chain Starbucks Corp. paid an effective UK tax rate of 2.8 percent last year after a payment from another part of the company boosted profits, the Financial Times reported. The company paid $5.9 million in UK taxes on a profit of $213 million in the year ended October 2017, down from earnings of $219 ...

Bloomberg London house prices posted their biggest drop in almost a decade in July. Home prices fell 0.7 percent, the biggest decline since September 2009, the Office for National Statistics said. The average property in the capital cost $640,000. Trends in the London property market tend to start in boroughs in the centre and west of the city, before moving ...

Bloomberg As US household debt rises and wages stagnate, millions of Americans are tapping into home equity to keep up with day-to-day expenses. Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover regular bills, according to a Bankrate.com report. Cash-strapped millennials, low earners and the less educated were most likely to think home equity offered ...

Bloomberg U.S. stocks fluctuated, while Treasuries fell as investors turned attention to the latest Nafta talks. The dollar edged lower. The S&P 500 Index was mixed as technology firms weighed on benchmarks, led by semiconductor maker Advanced Micro Devices Inc., while banks paced gains as the 10-year Treasury yield advanced above 3.07 percent. The dollar fell against most peers and ...

Bloomberg Japan’s Topix index completed its biggest advance over a four-day period since November 2016 while the yen remained near a two-month low against the dollar as investors brushed off concerns of a trade war between the US and China. Electronics and machinery shares were the biggest boosts to the benchmark as China’s Ministry of Finance said Beijing is still ...

Bloomberg Euro-area banks probably won’t restore their profits to the peaks seen before the 2008 financial crisis, according to the European Central Bank. The squeeze on profits has resulted from factors including tougher capital requirements put in place since the crisis and banks’ shying away from riskier businesses, the ECB said. Still, firms need to earn an “appropriate return” on ...

Bloomberg Thailand’s central bank left its benchmark interest rate unchanged near a record low as expected, with the prospect of a future tightening increasing as more monetary policy committee members dissented. Five of the seven committee members at the meeting voted to hold the one-day bond repurchase rate at 1.5 percent, where it’s been since 2015, according to the Bank ...

Bloomberg India’s central bank has enough reserves to defend the rupee, according to the State Bank of India and Nomura Holdings Inc., as the currency shrugged off the government’s supportive measures to plunge to a fresh record. The Reserve Bank of India can sell an additional $25 billion, at least, in the foreign-exchange market, SBI estimates, based on intervention patterns ...

Bloomberg Australia & New Zealand Banking Group Ltd. recently hired Morgan Stanley to help sell its stake in Indonesian lender PT Bank Pan Indonesia, according to people with knowledge of the matter. ANZ, which has long been seeking to divest its Bank Panin holding, plans to start gauging interest again from potential private equity and strategic buyers, the people said, ...