Bloomberg China’s central bank warned property speculators that “homes are for living in” as the regulator pledged to properly regulate the real estate market. The People’s Bank of China also said it will be “flexible” and “appropriate” in setting prudent monetary policy, and will boost financial support to manufacturers and the private sector, according to a statement after a meeting. …

Bloomberg California Governor Gavin Newsom rejected PG&E Corp’s proposed restructuring plan, dealing a major blow to the power giant as it tries to exit the biggest utility bankruptcy in US history. Newsom said in a letter to PG&E Chief Executive Officer Bill Johnson that the utility’s restructuring plan falls “woefully short” of the state’s requirements. The governor said any reorganisation …

Bloomberg The Democratic Republic of Congo will proceed with a smaller version of the Inga III hydropower project and expand the facility over time, President Felix Tshisekedi said. The Inga III dam, which will begin as a 4,800 megawatt plant, will have its capacity increased to 7,500 megawatts and 11,000 megawatts eventually, Tshisekedi told lawmakers in his first state of …

Bloomberg State Grid Corp of China is nearing an agreement to acquire a 49% stake in Oman’s state-owned transmission company in the first major privatisation by the Middle East’s largest non-OPEC oil producer, people with knowledge of the matter said. The Beijing-based company will acquire the stake in a deal that values Oman Electricity Transmission Co at about $2 billion, …

Bloomberg Worsening tensions between Boeing Co. and the Federal Aviation Administration (FAA) threaten new delays in the return of the 737 Max. But even after regulators sign off, airlines will still have weeks of work before passengers fly on the beleaguered plane. Southwest Airlines Co. is anticipating a month or more of preparations after the Max wins approval to fly …

Bloomberg Boeing Co. said it won’t compete for the Pentagon’s program to develop and procure the next-generation intercontinental ballistic missile, (ICBM) leaving Northrop Grumman Corp. as the sole bidder for a project valued at almost $85 billion. The announcement final Boeing’s previous indications that it wouldn’t bid on the program to replace aging Minuteman III ICBMs because it views the …

Bloomberg The US’s top aviation regulator took Boeing Co.’s chief to the woodshed in a sign that relations between the two sides have deteriorated and further delays in the return to service of the planemaker’s best-selling jet are likely. In an unusual public admonishment, Federal Aviation Administration head Steve Dickson presented Boeing Chief Executive Officer Dennis Muilenburg and Executive Vice …

Bloomberg EHang Holdings Ltd., one of several companies seeking to commercialise autonomous taxi aircraft, closed its first day of trading in the US with its shares down one cent from their price in its US initial public offering. The Guangzhou, China-based company raised $40 million, pricing 3.2 million American depositary shares at the bottom of its marketed range of $12.50 …

Bloomberg A Qantas Airways Ltd. flight was evacuated early Sunday after the plane turned back shortly after takeoff because of an hydraulic issue. Flight QF575, which departed Sydney for Perth at 8:25 am local time, returned to make a non-emergency landing, the airline said in a statement on its website. “Once back at the gate, the captain made the decision …

Bloomberg Qantas Airways Ltd. picked Airbus SE to provide ultra-long-range planes for planned direct services that will stretch halfway round the world, a blow to Boeing Co. after a two-year competition to land the deal. The Australian airline chose the A350-1000 over Boeing’s 777X for proposed services connecting Sydney with New York and London. Qantas is preparing an order for …