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B’desh fires two bank CEOs in a month, seeks to avert crisis

Bloomberg Bangladesh is getting tough with the nation’s bankers as it attempts to avert a looming crisis caused by rising bad loans and weak capital ratios. The central bank said it ousted the chief executive officer of Farmers Bank, a small private-sector lender, accusing him of “gross irregularities in lending.” That followed the removal earlier in the month of the ...

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RBA high-wire act looms as Aussies groan under household debt, low wage growth

Bloomberg Having subdued Australia’s housing market frenzy, Governor Philip Lowe now has to steer his way through the hangover. Despite being saddled with record household debt and wretched wages growth, Australia’s economy is showing signs of picking up steam, with hiring on a tear and firms investing. The dual narratives have prompted the central bank to sit still on record-low ...

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The plane that shrank the world

Bloomberg For a half-century, Boeing Co. mechanics in a sprawling factory north of Seattle have riveted together aluminum panels into the familiar hump-backed form of the 747 jumbo jet. Test pilots then put each new plane through its paces on an adjacent air strip before sending it off to roam the globe. This airplane, more than any other, made long-range ...

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