China urges food companies to boost supplies on fears of further COVID-19 disruption
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening...
China central bank should shun risky bond buying as economy improves: adviser
The People’s Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to...
J.C. Penney has need for speed in bankruptcy, lawyer says
J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures...
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain...
Fed says around 600 smaller banks tapped PPP facility in its first days
Around 600 banks, most of them small community institutions, tapped the Federal Reserve’s Paycheck Protection Program facility for about $30 billion of loans as of...
Italian PM Conte says Fiat Chrysler entitled to seek state-backed loan
Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler Automobiles NV (FCA) was entitled to apply for Italy’s state guarantees on loans as...
Fiat Chrysler asked Rome for a three-year state-backed loan for its Italian operations: union
Fiat Chrysler (FCA) has asked the Italian government for a state-backed three-year loan, to help the automaker pay suppliers and continue its investment plan in...
Canada’s Trudeau to look at possible further aid for airlines, after Air Canada layoffs
Canadian Prime Minister Justin Trudeau said on Saturday that he would look at possible ways to help airlines further, but announced no new measures after...
Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook
Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup , a regulatory filing showed, giving...
British grocer Tesco’s slavery review reports abuses in Malaysia
U.K.-based multinational groceries chain Tesco PLC has found abuses against migrant workers at its stores and distribution centres in Malaysia and Thailand, it said in...