Bloomberg November 2015 was a big month for Chinese aviation. That was when the state plane manufacturer known as Comac delivered its first passenger aircraft, a 90-seat jet called the ARJ21. May 2017 may prove bigger still, after Comac completed its first test flight of a larger plane, the C919. The new jet aims to take on Boeing Co. and ...

Bloomberg Russia’s most powerful oil boss said the deal between OPEC and its partners to curb output won’t stabilize the crude market over the long term as US shale fills the supply shortfall. “A decrease in production under an agreement between OPEC and non-OPEC could largely be balanced out by an increase in US shale oil production by the middle ...

Bloomberg Shares in Lamprell Plc gained the most in more than two years after the builder of oil rigs partnered with Saudi Aramco to develop the biggest maritime yard in the region. Saudi Arabian Oil Co., also known as Aramco, established a joint venture with the kingdom’s national shipping company Bahri, South Korea’s Hyundai Heavy Industries Co. Ltd. and Lamprell ...