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Wells Fargo breaks from herd on loans, says it’s time to be prudent

Bloomberg With interest rates rising and borrowers keeping up on payments, bank shareholders want to see which lenders are taking advantage. One big firm is hanging back. Wells Fargo & Co., under the thumb of a regulatory asset cap, rattled investors by posting the only decline in loans as the top US banks began reporting quarterly results. While JPMorgan Chase ...

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Airbus wins $9.2bn of jet orders from Asian carriers

Bloomberg Airbus SE kicked off its sales campaign at this year’s biggest air show by announcing $9.2 billion of orders from Asian carriers that are augmenting their fleets to meet surging demand for air travel in the region. Taiwanese startup StarLux Airlines said it is buying 12 A350-1000 aircraft and five of the smaller A350-900s in a deal valued at ...

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US-China trade tariff spat a concern for aerospace: Boeing

Bloomberg Boeing Co. CEO Dennis Muilenburg said he’s concerned about the possible fallout from the US-Chinese trade dispute that’s gathering momentum because his industry relies on the free flow of goods. Speaking at the Farnborough air show south of London, Muilenburg said finding a solution to the dispute is “an important topic to us.” Aerospace is the biggest trade-surplus generator ...

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