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Shanghai (AFP) - The virtual currency Bitcoin crashed in China on Wednesday, falling nearly 50 percent after the country's biggest trading platform BTC China banned deposits in yuan following new restrictions reportedly imposed by the central bank.
US aerospace giant Boeing on Wednesday announced a series of executive promotions, including the appointment of an executive to share prime oversight of the business with company head Jim McNerney. Dennis Muilenburg, 49, will join the corporate team in Chicago as Boeing vice chairman, president and chief operating officer. He will share oversight with McNerney, Boeing's chairman, president and CEO, "of the day-to-day business operations of the company," the company said in a statement. Boeing also tapped Raymond Conner, 58, to serve as vice chairman, president and chief executive of Boeing Commercial Airplanes, a unit he has led since 2012.