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Sri Lanka central bank governor sees no pressure to lift rates

Bloomberg Sri Lanka’s central bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview. “We feel our monetary policy stance at the moment is OK,” Coomaraswamy said in an interview in Washington. “There is no demand side pressure that we see.” ...

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FAA orders probe after A380 GE-Pratt engine blows up

Bloomberg US authorities ordered inspections of some engines powering Airbus SE’s A380 superjumbo jet after one of the turbines blew apart last month during an Air France flight. The Federal Aviation Administration determined there was an “unsafe condition” that “is likely to exist or develop in other products of the same type design,” according to the directive posted on its ...

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Virgin hands NYC flight to Delta as Boeing 787s need engine fix

Bloomberg Virgin Atlantic Airways Ltd. has transferred one of its daily trans-Atlantic flights to US ally Delta Air Lines Inc. so that some of its own Boeing Co. 787 Dreamliner planes can be grounded for an engine fix. Delta took over the London Heathrow-New York John F. Kennedy International service and will operate it until October 31 using older Boeing ...

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