Bloomberg Boeing Co. and Space Exploration Technologies Corp. won’t be certified this year to send astronauts to space and may be delayed into 2019 because of potential safety hazards, according to US investigators. Boeing parachute systems haven’t been adequately evaluated and SpaceX engine turbines have cracked during testing, the Government Accountability Office said in a report Thursday that outlined ...

  Bloomberg Boeing Co. and Saab AB, competing for $25 billion in fighter jet orders in India, said the country stands a better chance of securing local manufacturing if its air force and navy join forces. Combining the two orders would give the makers enough scale to set up a local assembly line that Prime Minister Narendra Modi has been ...

  Bloomberg Bank of Baroda, India’s third-largest state-run bank, is looking to a slew of senior managers poached from foreign lenders including Barclays Plc and Standard Chartered Plc to help drive profitability at the 108-year-old company. In the past three months, the Mumbai-based lender has hired Manoj Piplani, a managing director of Barclays’s UK card business, to lead its card ...

  Bloomberg Citigroup Inc. cut Chief Executive Officer Mike Corbat’s compensation 6.1 percent for 2016 to $15.5 million after the firm’s profit declined. Corbat, 56, got a $4.2 million cash award and $9.8 million in shares that vest and pay out over a number of years depending on the bank’s performance, according to a regulatory filing. He also received a ...

  Bloomberg Australia & New Zealand Banking Group Ltd. (ANZ) first-quarter cash earnings rose on a stronger performance from the lender’s domestic businesses, while the outlook for bad debts has improved. Unaudited cash profit, which excludes one-time items, rose to A$2 billion ($1.54 billion) in the three months ended Dec. 31, the Melbourne-based lender said in a statement to the ...

  Bloomberg Wells Fargo & Co. said retail customers opened 31 percent fewer checking accounts in January than a year earlier in the wake of a settlement with regulators over fraudulent sales. Customers submitted 47 percent fewer applications for credit cards, the worst year-over-year decline since October, the San Francisco-based lender said in a statement. January marks the fifth consecutive ...

Bloomberg Perng Fai-Nan began his tenure as chief of Taiwan’s central bank by defending the currency during the Asian financial crisis. As he approaches retirement nearly two decades later, the Taiwan dollar will again pose a challenge. Perng, 78, will step down next February after 20 years in his post, making him a longer-serving central bank chief than Alan Greenspan. ...

  Nuremberg / DPA In the old days, people used to complain that children were glued to the television. Now they worry that they’re even more under the spell of their smartphones and tablets. The toy industry first exploited tech and used apps to build out their business. But now they’re also looking to take advantage of the counter trend. ...

  Ibiza / DPA Victor Jordan is lacking a certain enthusiasm when he talks about his island. “When it comes down to it, it’s like any other rural property, only surrounded by water,” he says. Alegranza sits in the Chinijo archipelago, a nature reserve in the Canary Islands. In Spain, a few dozen families own islands. Most are not multimillionaires ...

  RIYADH / Reuters Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources said. The listing of Aramco <IPO-ARMO.SE>, expected to be the world’s biggest initial public offer and raise tens of ...