May, 2019

• 25 May

  Germany flirts with financial nationalism

  

  The abandoned merger between Deutsche Bank AG and Commerzbank AG is forcing the two lenders to reconsider their future strategies. Commerzbank, in particular, might be a tempting target for rivals across the continent who want to build their presence in Germany. If there were a suitable offer, German government – which owns 15.5% of Commerzbank – should be prepared to ...

  Read More »
• 25 May

  Uber Eats needs to deliver more than ever

  

  Uber Technologies Inc. is many things: a ride-hailing company, a gig economy beneficiary, a symbol of Silicon Valley’s venture capital largess (and excesses), to name just a few. But Uber has yet another less-discussed identity that, in these early days after its public market debut, should figure significantly in your perception of its prospects. Through its Uber Eats food delivery ...

  Read More »
• 25 May

  Amazon’s new device aims to read human emotions

  

  Bloomberg Amazon.com Inc is developing a voice-activated wearable device that can recognise human emotions. The wrist-worn gadget is described as a health and wellness product in internal documents reviewed by Bloomberg. It’s a collaboration between Lab126, the hardware development group behind Amazon’s Fire phone and Echo smart speaker, and the Alexa voice software team. Designed to work with a smartphone ...

  Read More »
• 25 May

  China’s Siri plunges as Trump casts wider net over tech firms

  

  Bloomberg Voice-recognition company Iflytek Co plunged following news it is on a list of Chinese technology firms that may face restrictions from the US. Iflytek, which says it controls over 70 percent of China’s speech technology market, slid as much as 8.2 percent in Shenzhen after people familiar with the matter said the US is considering curbs on the company, ...

  Read More »
• 25 May

  Air taxis next frontier for Austria’s FACC 

  

  Bloomberg Austrian aerospace supplier FACC AG, spun off from a maker of skis and tennis rackets 30 years ago, is about to reinvent itself again. The manufacturer of composite wing flaps and rudders for Airbus SE and Boeing Co is branching out to build flying taxis for Chinese technology startup EHang Inc, a market Chief Executive Officer Robert Machtlinger says ...

  Read More »
• 25 May

  Nintendo remains bereft of monster smartphone hit

  Bloomberg Nintendo Co remains bereft of a monster smartphone hit more than four years after a much-ballyhooed entry into mobile gaming. The wait may finally be over. Mario Kart Tour, scheduled to launch this summer, has had gamers in a tizzy since it was announced in early 2018. Not only is the franchise one of the best-known racing series in ...

  Read More »
• 25 May

  Fed rate cut would be bad policy: Mester

  

  Bloomberg For Loretta Mester, returning inflation to the US central bank’s 2 percent target requires restraint more than drastic action. In an interview with Bloomberg News, the president of the Federal Reserve Bank of Cleveland dismissed the notion that policy makers should cut interest rates to raise inflation. Instead, officials should simply be careful not to react too quickly when ...

  Read More »
• 25 May

  Trump appeals Deutsche Bank, Capital One subpoena ruling

  

  Bloomberg US President Donald Trump doubled down on his fight to stop House Democrats from getting his financial records after losing two court battles this week, filing swift appeals in both cases. He asked a federal appeals court in New York to reverse an order allowing Democrats to go forward with subpoenas for records from Deutsche Bank AG and Capital ...

  Read More »
• 25 May

  Euro area economy on right track: Vasle

  

  Bloomberg The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a new round of bank loans known as TLTROs. ...

  Read More »
• 25 May

  Treasuries rally has gone too far: Citigroup

  

  Bloomberg The rally in Treasuries has gone too far for now, according to Citigroup Inc. Investors should take profits in long 10-year Treasury positions, as a possible double-bottom technical pattern and potential weakening in momentum suggests yields could bounce back to 2.60 percent in the short term, strategists including Jeremy Hale wrote in a note. “The 10-year yield has bounced ...

  Read More »