Hand it to human beings. We have repeatedly defied predictions that we will buckle under the extreme pressure of adverse events. Time and again, whether it was during the eight-month blitz in World War II, or after 9/11, people have proved remarkably resilient in the face of adversity. Will it be the same with this pandemic? On aggregate, probably yes. ...

Wary of billion-dollar defaults, China does not want its daredevil real estate developers to take on any more debt. Banks have been asked to limit their housing loan exposure, while developers that cross the so-called “three red lines” — a trio of leverage metrics Beijing watches — are forbidden from borrowing more. Investors are clearly worried. China Fortune Land Development ...

Bloomberg Air Lease Corp is considering reinstating some previously canceled Boeing Co 737 Max orders, though not until more regulators clear the jet’s return, Chairman Steven Udvar-Hazy said. Los Angeles-based Air Lease, one of the world’s largest aircraft leasing firms, had committed to 195 Max purchases as of year-end 2019, including orders, options and planes already delivered. Then came the ...