Equities Markets

India bans Boeing 737 MAX planes from its airspace

BENGALURU (Reuters) – India will not allow U.S. planemaker Boeing Co’s 737 MAX aircraft to enter or transit its airspace after 1030 GMT, the ministry of civil aviation said on Wednesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.

Stocks rise on tame inflation outlook, dollar eases

NEW YORK (Reuters) – World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company’s 737 MAX aircraft.