Bloomberg Business

European Lenders Found to Tap Shadow Banks for 14% of Funding

Euro-area lenders count on financial firms from outside of banking for about 14% of their funding — underlining how the industry is exposed to potential turmoil in sectors that aren’t subject to strict regulatory oversight.

Toyota, Daimler Truck Forging New Venture to Bolster Margins

Toyota Motor Corp. and Daimler Truck have agreed to merge their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso Truck & Bus, to boost margins and develop new technologies such as alternative fuels and autonomous driving.

Japan Gets Second Court Ruling Backing Same-Sex Marriage

A court in central Japan ruled the country’s lack of recognition for same-sex marriage violates the constitution, local media reported, the second such decision that could add pressure on Prime Minister Fumio Kishida’s government to give more rights to LGBTQ couples.

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