The United States and China needed to keep up strong stimulus to help speed the global economy's recovery from the novel coronavirus pandemic, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday (Oct 15).
Senate Majority Leader Mitch McConnell said on Tuesday the Republican-led U.S. Senate would vote next week on a targeted, US$500 billion coronavirus economic aid bill of the type Democrats already have rejected as they hold out for trillions in relief.
Talks between JCPenney Co's lenders and the would-be buyers, Simon Property Group Inc and Brookfield Property Partners LP, broke down in recent days, Bloomberg News reported on Thursday, citing people with knowledge of the negotiations.
Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September.
The Trump administration on Thursday said it would offer all available areas in the Gulf of Mexico for auction to oil and gas drillers on Nov. 18, the first major test of the offshore sector's appetite for investment since early this year.
Fiat Chrysler Automobiles NV will invest between US$1.35 billion and US$1.5 billion in its Windsor assembly plant in Canada to build electric vehicles as part of a tentative deal with Canadian autoworkers, Unifor National President Jerry Dias said on Thursday.
