|  | | | | | | | | | Deutsche bank | | | | | | Reuters Breakingviews: Any cocksure child knows that owning up to mistakes is part of growing up. By that metric, Deutsche Bank is just beginning to mature. Boss Christian Sewing on Sunday effectively called time on the lender’s multi-decade attempt to create a global investment bank with a swingeing plan to shrink its trading unit and put 288 billion euros of assets into runoff. But the retreat depends on friendly markets and an absence of blunders, writes Christopher Thompson. | | | | | Business | | China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy. Market watchers, however, believe the People’s Bank of China is more likely to follow any U.S. rate cut by lowering its key short-term money market rates. | | | | Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. The Alphabet subsidiary is testing complimentary Wi-Fi in its robotaxis in greater Phoenix, where hundreds of the company’s identical, driverless minivans have been carrying paying riders since December. In late April, Waymo launched ad-free music streaming for passengers through Google Play Music, its parent company’s answer to Spotify and Apple Music. | | | | Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels. Some shipowners are installing exhaust cleaning systems known as scrubbers so they can continue to use high-sulphur fuel and some are switching to low-sulphur marine diesel, but all expect a period of turbulence when the “IMO 2020” rules come in. | | | | | | | | | | | | | | | Top Stories on Reuters TV | | | | | | | |
