May 17, 2020

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 depreciation […]
May 17, 2020

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 due […]
May 16, 2020

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 on […]
May 16, 2020

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 the […]
May 16, 2020

China asks United States to stop ‘unreasonable suppression’ of Huawei

China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei. Powered by WPeMatico
May 16, 2020

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 it […]
May 16, 2020

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 its […]
May 16, 2020

Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing , Facebook and Citigroup , according […]
May 16, 2020

Fed warns of ‘significant’ financial vulnerabilities from pandemic

The U.S. Federal Reserve warned Friday that the financial sector faces “significant” vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances […]
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