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Step One complete for Tesla Inc.: Deliveries secured. The company reported second-quarter production and sales numbers after the market closed, and they were smack in the middle of guidance. With doubts about Tesla’s ability to hit its figures after the first quarter’s washout, delivering more than 95,000 vehicles — a record — provided the predictable shot in the arm for ...

Christine Lagarde, nominated to lead the European Central Bank (ECB), will need all her proven attributes, and help from others, to succeed as the new leader of one of the world’s three most systemically important central banks. An inspired choice, she is uniquely well placed to build on her accomplishments as the managing director of the International Monetary Fund. In ...

The world’s largest car market is grappling with a sharp slowdown. What’s the best remedy? China’s car sales and output have fallen dramatically every month since July 2018. Inventories are piling up, especially for autos that don’t comply with emissions regulations, which will kick in next month for a large part of the country. Beijing has pulled out all the ...

During election years such as this one, India’s outgoing finance minister offers up only an “interim budget,” under the assumption that the incoming government will have different policy priorities. Given that Prime Minister Narendra Modi’s government was reelected so easily, one might think the budget it’s scheduled to present on July 5 won’t look much different. It should. Modi’s new ...

Exchange-traded funds have never quite been a perfect fit for the bond market. In fact, some of the main selling points of ETFs — real-time pricing, instant liquidity and the ability to trade at a low cost — run counter to some of the core tenets of traditional fixed-income investing. The buy-and-hold types don’t need to know precisely where their ...

Bloomberg US stocks advanced to fresh records in thin trading ahead of a holiday. The rally in global bonds extended as investors weighed the prospect of more dovish appointees to two of the world’s major central banks. Ten-year Treasury yields dipped to the lowest since November 2016 on rising market bets that the Federal Reserve will cut rates this month. ...

Bloomberg Most Indian equities advanced and key indexes eked out gains ahead of the federal budget due on Friday. Investors are counting on the government to provide stimulus for an economy growing at its slowest pace in several years. The benchmark S&P BSE Sensex added 0.1 percent to 39,839.25 in Mumbai, after fluctuating between a gain of as much as ...

Bloomberg Within days of announcing he will step down, the chief executive officer of Nordea Bank Abp has revealed his thoughts on an activist investor that repeatedly slammed his firm. Casper von Koskull, who said that he plans to retire by late next year when he turns 60, acknowledged that the frequent public criticisms by shareholder Cevian Capital AB were ...

Bloomberg Large European banks need about 135 billion euros ($153 billion) to comply with the latest capital standards agreed to by the Basel Committee on Banking Supervision, according to a new estimate that raises the stakes for policy makers and the industry. Global regulators clinched a deal in 2017 on how banks must measure the risk of mortgages, loans and ...

Bloomberg Andrea Orcel has spent his career leading some of the world’s biggest investment banks. Now he may strike out on his own. Orcel is considering starting a boutique investment bank, one of a range of options that may force him to give up tens of millions in deferred pay from his former employer, UBS Group AG, according to people ...