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If the ultimate goal of lower interest rates is to spark economic activity through demand for loans, then the Federal Reserve’s first cut in more than a decade can be deemed a failure. After the central bank lowered its target rate for overnight loans between banks on July 31 to a range of 2% to 2.25%, demand for credit among ...

A type of financial engineering that proved to be toxic during the financial crisis is slowly making a comeback as banks try to offset the risk of their borrowers not repaying their loans. Capital relief trades, or synthetic deals, are making a comeback – and Europe is about to refine the rules of the game. Getting those right will be ...

The longer Hong Kong protests drag on, the less likely China will be to unleash the trillion-dollar stimulus markets seem to want. Beijing has become painfully aware that its easy-money policies of the past inflated asset bubbles and widened the wealth gap. Any repeat endeavours could risk stoking social unrest on the mainland. Over the past decade, China flooded its ...

In Japan, is there one standard of justice for Japanese executives and another for non-Japanese executives? The forced resignation of Nissan Motor Co.’s chief executive officer, Hiroto Saikawa, certainly seems to suggest as much. When Nissan wanted to get rid of its then-chairman Carlos Ghosn, it conducted an internal investigation that was kept from Ghosn, found some examples of allegedly ...

Bloomberg First there was derision. Then mockery turned into admiration. Now a battle is unfolding between two of the most revered names in the automobile world, Porsche and Tesla Inc on one of the world’s most challenging race tracks. The two automakers are vying for electric vehicle bragging rights on Germany’s Nürburgring, a circuit with 73 tight turns (Silverstone in ...

Bloomberg The owners of software maker TeamViewer are seeking to raise as much as $2.54 billion in Germany’s biggest technology initial public offering in almost two decades. Private-equity firm Permira plans to sell as many as 84 million shares for 23.50 euros to 27.50 euros apiece via holding firm TigerLuxOne, the company said in a statement. TeamViewer stock is expected ...

Bloomberg A startup hoping to challenge more established drone delivery giants such as Amazon.com Inc is unveiling a pod-like craft that it predicts could someday be used by stores to get products to customers within minutes. The company, Flirtey Inc, also envisions entering the public health sphere, with plans to fly defibrillators directly to emergency scenes, the company said in ...

Bloomberg India plans to conduct its own checks and demand simulator training for all pilots before Boeing Co’s 737 Max jets can fly in the country again, even if the US Federal Aviation Administration (FAA) were to clear the grounded jets, a person with direct knowledge of the matter said. India plans to start its own assessment only after the ...

Bloomberg South Africa’s financial regulator fined Steinhoff International Holdings NV a record 53 million rand ($3.6 million) for failing to properly disclose accounting problems and is probing at least 10 individuals in connection with the late-2017 scandal. The Financial Sector Conduct Authority (FSCA) reduced the penalty from an initial 1.5 billion rand in light of the retailer’s precarious financial position, ...

Bloomberg Forever 21 Inc is preparing to close at least 100 stores as part of a restructuring that calls for the trendy retailer to file for bankruptcy as early as this month, according to people with knowledge of the preparations. The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in ...