New York / AFP Boeing, creator of some of the world’s most iconic aircraft of the 20th century, commemorates its centennial this week facing multiple challenges to remain at the forefront of global aerospace innovation. At the top of the list is European archrival Airbus, which has topped Boeing in commercial orders in recent years and made inroads into the ...

  Bloomberg Citigroup Inc and Wells Fargo & Co reported second-quarter profit dropped from a year earlier as persistently low interest rates continued to squeeze lending margins. Citigroup reduced its forecast for net interest margin, the difference between what a bank charges for loans and pays depositors, while Wells Fargo said the UK’s vote to leave the European Union will ...

  Bloomberg A leading US banking regulator wants lenders to do more to manage their exposure to commercial real estate. As property lending accelerates, the Office of the Comptroller of the Currency — which oversees American banks alongside the Federal Reserve Board and the Federal Deposit Insurance Corp — is actively monitoring banks’ stress tests and risk-management practices, Comptroller Thomas ...