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Air safety directive grounds flights in Mexico

  MEXICO CITY / AP The Mexican airline Interjet says it’s had to cancel some flights due to a mandatory safety inspection of its Russian-made Superjet 100 aircraft. Russian authorities issued the directive on Dec. 23 after cracks were found in a part on one of the Sukhoi planes. Interjet is among the largest customers for the relatively new Superjet, ...

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Italian bank BMPS says ECB sees need for $9.2bn of capital

  Bloomberg The European Central Bank sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros ($9.2 billion) of capital to bolster its balance sheet after liquidity deteriorated this month. The calculation is based on the results of a 2016 stress test, the Italian bank said in a statement, citing two letters from the ECB ...

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Bundesbank’s prez warns of hasty rescue for Monte Paschi

  Bloomberg Bundesbank President Jens Weidmann said the bar should be high for government funds being used in a rescue of Italian lender Banca Monte dei Paschi di Siena SpA. Government funds are intended as a “last resort,” Weidmann said in an interview with German newspaper Bild, with the banker adding that planned measures by the Italian government should only ...

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