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India bonds rally as RBI surprises with pace of purchases

Bloomberg Benchmark sovereign bonds gained in India after the central bank said it will buy long-end debt for a second week, stepping up the pace of its unconventional policy to lower borrowing costs. The 10-year yield slid 8 basis points to 6.51% at the close, taking the week’s drop to 10 basis points. It touched a three-week low of 6.49% ...

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Boeing shares ‘very disturbing’ messages on 737 Max with FAA

Bloomberg A new batch of messages between Boeing Co. employees on the development of the 737 Max paints a “very disturbing picture” of concerns about the plane, according to an aide to a House committee. The documents were turned over to Federal Aviation Administration (FAA), the agency said in a statement. The disclosure came the same day that Boeing ousted ...

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Kazakhstan grounds Bek Air planes after crash kills atleast 12

Bloomberg At least a dozen people died after a plane crashed shortly after takeoff in southeastern Kazakhstan, leading local authorities to ground the rest of budget carrier Bek Air’s fleet. The twin-turbofan Fokker 100 aircraft was carrying 98 people including five crew members, Kazakh Deputy Prime Minister Roman Sklyar said at a news conference in the former capital Almaty. Another ...

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