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Draghi’s rate-cut plan fails to sway investors

Bloomberg Mario Draghi’s insistence that he’s determined to revive euro-zone inflation with interest-rate cuts and renewed bond purchases if needed isn’t convincing investors. The European Central Bank president talked a tough game after policy makers extended their pledge to keep borrowing costs at record lows and announced more cheap loans to banks. Yet traders pared bets on a rate cut, ...

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Fitch slashes Deutsche Bank rating to BBB

Bloomberg Deutsche Bank AG’s credit rating was cut by Fitch Ratings, which cited the firm’s lack of progress in improving operations. The bank’s long-term issuer default rating was downgraded to BBB from BBB+, Fitch said in a statement. “The downgrade of Deutsche Bank reflects its continued difficulty and limited progress in improving its profitability and stabilising its business model,” Fitch ...

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Lawmakers seek documents on 737 Max faulty sensor alert

Bloomberg House lawmakers demanded records from Boeing Co, one of its suppliers and US aviation regulators on why a cockpit alert that might have helped pilots in two fatal 737 Max crashes was installed with a defect that the planemaker didn’t plan to fix it until 2020. Representative Peter DeFazio, the Oregon Democrat who heads the House Transportation and Infrastructure ...

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