in

Dave Calhoun bows out as chief executive of Boeing

Chart: The Economist

The blowout of a fuselage panel from a Boeing 737 MAX over Oregon in January was a “watershed moment” for its maker, according to Dave Calhoun. But it was only the latest in a string of incidents that have brought the once high-flying aerospace giant low. After trying—and failing—to right the company over the past four years, on March 25th Mr Calhoun said he would step down as chief executive at the end of 2024. His as-yet-unannounced successor will take the yoke in the middle of a turbulent flight.

Source: Business - economist.com

Rates need to calm down

Morning Bid: Volatile yuan, fragile yen cool sentiment