Recent Posts

China’s homemade jet poised for first flight by April end

  Bloomberg A single-aisle passenger jet that is being built by the Commercial Aircraft Corp. of China is set for its first test flight by the end of next month, according to Philippe Petitcolin, chief executive officer of Safran SA, an aircraft engine maker. Any problems with taxi trials may alter the schedule, Petitcolin said in an interview in Paris. ...

Read More »

Russian bank raised millions in Irish shadow banking

  Bloomberg With the management and shareholders of one of Russia’s biggest regional lenders deep in unsuccessful talks with the central bank about how to save it from collapse last November, an obscure company in Dublin sold $60 million of bonds on its behalf. The amount wasn’t nearly enough to cover the estimated 97 billion ruble ($1.6 billion) hole in ...

Read More »

‘Fixing fake accounts will take more time’

  NEW YORK / AP Wells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal, such as figuring out if people had trouble getting approved for other loans because of the fake accounts bank employees opened. Sloan reiterated what he has said since becoming CEO in ...

Read More »
Send this to a friend