Bloomberg Boeing Co knew months before a deadly 737 Max crash that a cockpit alert wasn’t working the way the company had told buyers of the single-aisle jetliner. But the planemaker didn’t share its findings with airlines or the Federal Aviation Administration until after a Lion Air plane went down off the coast of Indonesia in October, according to a …

Bloomberg An Aeroflot PJSC plane on a domestic Russian flight made a fiery emergency landing at Moscow’s Sheremetyevo Airport, killing 41 people. Flight SU1492 to Murmansk, a Sukhoi Superjet, suffered an engine fire after technical problems forced it to return to Moscow, Aeroflot said in a statement. The plane, with 73 passengers and five crew members aboard, made a hard …

Bloomberg KFC and Taco Bell have again propped up parent Yum! Brands Inc, whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The chicken and Mexican businesses helped drive Yum’s same-store sales up 4 percent in the period, topping projections for 2.7 percent growth …

Bloomberg South African Airways will begin a direct service from Johannesburg to Guangzhou in September, looking to expand its business with China. The new route will have three flights a week and the schedule was expected to be published on Monday, the airline said. The carrier is aiming to attract business passengers, including corporate clients and traders, it said. “Adding …

Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and …

Bloomberg Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will “shortly” be subject to tariffs, President Donald Trump said on Sunday, in a warning to China as what could be a closing round of talks for a trade deal are set to start in Washington …

Bloomberg Bond traders will have one word on their minds as they gear up for the latest readings on inflation: “ transitory.” That’s how Federal Reserve Chairman Jerome Powell characterised the factors behind muted price pressures after the policy meeting, where officials kept interest rates unchanged. Markets whipsawed on his comments, with benchmark 10-year Treasury yields bouncing off their lowest …

Bloomberg A sense of caution is gripping peso bulls as markets approach the Philippine central bank’s interest-rate decision. Increased speculation that the Bangko Sentral ng Pilipinas will ease monetary policy is threatening to break the peso’s Asia-beating rally this quarter. A reduction in the benchmark rate could give foreign investors — who already don’t seem too keen on buying Philippine …

Bloomberg First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the US dollar. Global gold reserves rose 145.5 tonnes in the first quarter, a 68 percent increase from a year earlier, the World Gold Council said in a report. Russia remains the largest buyer as …

Bloomberg HSBC Holdings Plc Chief Executive Officer John Flint is pressing ahead with a plan to rein in costs after the Asia-focussed lender reported its best quarter in more than three years. The better-than-expected first quarter results were driven by revenue growth that increased at triple the pace of adjusted operating expenses, reversing a pattern that bedeviled Flint in 2018. …