Global market snapshots: Boeing 777s grounded, engines break; US small companies soar; Tencent in regulatory net
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* Boeing has told airlines to stop flying its wide-body 777 aircraft equipped with a type of engine that broke apart during a flight over the weekend near Denver, as the Federal Aviation Administration said it would order immediate inspections of those jets.
* Shares of US-listed small companies are outpacing their larger counterparts by the widest margin in more than two decades. Behind their rise: confidence among investors that heavy stimulus and coronavirus vaccine deployment will boost the economy.
* China’s banking regulator formalised rules that will force Ant Group Co. and other online lenders to have more skin in the game when they make loans with banks, dealing a blow to a burgeoning business that helped drive Chinese consumer spending in recent years. Learn more about your ad choices. Visit megaphone.fm/adchoices
* Shares of US-listed small companies are outpacing their larger counterparts by the widest margin in more than two decades. Behind their rise: confidence among investors that heavy stimulus and coronavirus vaccine deployment will boost the economy.
* China’s banking regulator formalised rules that will force Ant Group Co. and other online lenders to have more skin in the game when they make loans with banks, dealing a blow to a burgeoning business that helped drive Chinese consumer spending in recent years. Learn more about your ad choices. Visit megaphone.fm/adchoices
