Bloomberg Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender is pushing to deepen some of the busin-ess it conducts in China as the world’s No. 2 economy opens further to foreign investment. The US bank is working towards “local incorporation” in China so that it can more easily help firms there sell debt, Moynihan said in ...

Bloomberg Bombardier Inc. is scaling back plans to begin a new aircraft programme, preferring instead to focus on generating cash flow and whittling down about $9 billion in debt, said Chief Executive Officer Alain Bellemare. “Over the past few years there was an overinvestment in aerospace,’’ Bellemare said in an interview. “We don’t want to jump and launch an investment ...

Bloomberg China is set to become the world’s biggest aviation market in five years thanks to hefty subsidies from local governments beseeching airlines to fly mainland tourists overseas. Local governments, especially those outside mega cities like Beijing, Shanghai and Guangzhou, spent at least $1.3 billion subsidising airlines in 2016, mostly for them to start direct services to far-flung places such ...