Bloomberg China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two financial industries will be classified as “financial holding companies” and will need licenses from the People’s Bank of China to operate, the regulator said in proposals. If adopted, the rules …

Bloomberg Europe has identified five candidates to succeed Christine Lagarde as chief of the International Monetary Fund (IMF) as the lender set a September 6 deadline for applicants. The contenders are Spanish Finance Minister Nadia Calvino, Portuguese Finance Minister Mario Centeno, former Dutch finance minister JeroenDijsselbloem, World Bank chief executive KristalinaGeorgieva of Bulgaria and Bank of Finland Governor Olli Rehn, …

Bloomberg Boeing warned it will consider slowing or even temporarily halting production of 737 Max, the company’s most important jetliner, if a global flying ban drags on longer than anticipated. The planemaker’s best estimate is that it will submit software updates and paperwork for the Max by September to the US Federal Aviation Administration (FAA), followed weeks later by approval …