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Europe Turmoil Shows Why Deutsche Bank Must Chase Wealth Abroad
published Jul 10th 2016, 4:00 pm, by Chanyaporn Chanjaroen (Bloomberg) —Deutsche Bank AG is pushing ahead with plans to become one of the world’s top five wealth managers as the business outlook for European banks worsens because of the Brexit vote and Italy’s banking crisis. Market volatility after the U.K.’s
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One Type of Millennial Mooching That Works for Everyone
published Jun 29th 2016, 1:00 pm, by Polly Mosendz (Bloomberg) — Upon graduating from college, newly minted grownups face a slew of bills they may or may not be totally prepared to handle: electric, gas, cable, Netflix, and Sallie Mae, for starters. One charge they can often skip is for
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California Ponders Changes to Fuel Rules as Tesla Cries Fou
published Jul 7th 2016, 4:59 pm, by John Lippert (Bloomberg) — California’s effort to promote non-polluting automobiles is being thrown off kilter by a company that makes electric cars. The rapid growth of Tesla Motors Inc. and the increasing range of other electric vehicles have the state contemplating new requirements
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Shoppers Tightening Purse Strings Make Japan’s Retailers See Red
published Jul 7th 2016, 5:00 pm, by Monami Yui and Grace Huang (Bloomberg) —Japan’s discount-seeking shoppers drove some retailers into the red last quarter as an uncertain economic outlook persuaded consumers to tighten their purse strings. Supermarkets and clothing stores will probably cut prices more to spur sluggish sales, which
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Matt Levine’s Money Stuff: Brexit, Stress and Video Interviews
published Jun 24th 2016, 7:55 am, by Matt Levine (Bloomberg View) — Programming note: There will be no Money Stuff for the next two weeks, since I’ll be on vacation. Have fun and be safe; I’ll see you in July. Brexit. Well this is depressing. “The world of hope, the
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Clinton Avoids Criminal Charges as U.S. Closes Probe of E-Mails
published Jul 6th 2016, 5:35 pm, by Chris Strohm (Bloomberg) — U.S. Attorney General Loretta Lynch said Wednesday that Hillary Clinton won’t be charged criminally for her use of personal e-mail while secretary of state, accepting a recommendation from the FBI after a more than yearlong investigation. Lynch said that
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West Berlin on the Baltic: Putin Buildup Fuels Invasion Fears
published Jul 6th 2016, 6:01 pm, by Henry Meyer (Bloomberg) — Vadim Kuznetsov says his excursion-boat business along Russia’s border with Poland has been torpedoed by a new Cold War. “They’re scared,” Kuznetsov said of the Poles, once his main customers, who no longer venture across the border for fishing
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From Paris With Love: France Woos U.K. Business Post Brexit
published Jul 6th 2016, 3:33 am, by Mark Deen (Bloomberg) — Four thousand British executives have received a love letter from Paris. The letter, written by the head of the Paris regional government to officials of companies of all sizes a day after the U.K. voted to leave the European
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Pistorius Sentenced to Six Years in Jail for Girlfriend’s Murder
published Jul 6th 2016, 3:44 am, by Paul Burkhardt (Bloomberg) — Oscar Pistorius was sentenced to six years in jail for murdering his model girlfriend Reeva Steenkamp on Valentine’s Day three years ago. Judge Thokozile Masipa handed down the sentence, which was less than half of the recommended jail term
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Video Games May Become China’s Best Cultural Export: Adam Minter
published Jul 5th 2016, 8:12 pm, by Adam Minter (Bloomberg View) — When Chinese internet giant Tencent acquired the Finnish video game developer Supercell last month for $8.6 billion, it became the world’s dominant publisher and distributor in the $100 billion gaming market. It was a blockbuster deal: No other