Bloomberg US aviation regulators announced an important milestone in returning Boeing Co’s grounded 737 Max jet to service, an event one person familiar with the process said would happen no earlier than October. The Federal Aviation Administration (FAA) announced it is preparing to issue formal legal directives for repairs required on the jet, which indicates that the agency is comfortable …

Bloomberg Canadian retail sales have rebounded sharply after historic declines in March and April, with vendors making up almost all of their pandemic losses, Statistics Canada reported. Receipts rose 19% in May, the agency said in its first full release for the month. June looks to have recorded another strong gain, with a flash estimate predicting another 25% increase. That …

Bloomberg Deutsche Bank AG signalled better-than-expected results ahead of earnings for the second straight quarter, adding to signs of progress in Chief Executive Officer Christian Sewing’s historic turnaround plan. The bank’s common equity Tier 1 ratio, a key metric of financial strength, also unexpectedly increased, rising to about 13.3% at the end of June from 12.8% three months earlier, according …