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Biggest Chinese stocks are giving up their wins

Bloomberg A rally in stocks seen to benefit from China’s deadly virus outbreak is fading. The small-cap ChiNext index fell as much as 1.3% on February 11 before finishing down 0.7%. The gauge’s rapid rebound last week, when it took just two days to recoup all losses after China’s stock market saw a record stock sell-off, set the stage for ...

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Boeing to resume 737 Max output before ban is lifted

Bloomberg Boeing Co will resume production of the 737 Max before the best-selling plane is allowed back in the air as the company attempts to recover from one of the worst crises in its 104-year history. The Chicago-based manufacturer halted production in January, 10 months after the jet was grounded worldwide following two crashes that killed 346 people. Boeing failed ...

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Airbus scandal spurs SriLankan Airlines to pursue compensation

Bloomberg The government of Sri Lanka is considering ways of recovering damages, including claiming compensation from Airbus SE, after the European planemaker admitted to bribing executives to win aircraft orders. “The reputational damage was huge, enormous,” Vipula Gunatilleka, chief executive officer of state-run SriLankan Airlines Ltd, said in an interview at the Singapore Airshow on Wednesday. “That’s why our government ...

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