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Further exemptions to Companies Act may be necessary to assist struggling firms, according to experts
HARARE (Reuters) - Zimbabwe's President Emmerson Mnangagwa extended a nationwide lockdown to fight the new coronavirus by two more weeks and announced a $720 million stimulus package for distressed companies, most which will be allowed to reopen on Monday.
PETALING JAYA: The investment community welcomed moves by the Securities Commission (SC) to provide temporary relief to Practice Note 17 (PN17) and Guidance Note 3 (GN3) affected companies.
NEW YORK: Troubled companies behind on their bills or already in bankruptcy may be out of luck when it comes to getting federal funds from the US stimulus package
BEIJING: An insolvency case in a remote city on the Tibetan Plateau shows how in China, most outcomes are better than getting booted out of the stock market.
Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.
WASHINGTON (Reuters) - President Donald Trump agreed under mounting pressure on Friday to end a 35-day-old partial U.S. government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall, handing a political victory to Democrats.
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Thursday urged furloughed federal workers facing a second missed paycheck to seek loans to pay their bills while adding that he could not understand why they were having trouble getting by.
SAN FRANCISCO/LOS ANGELES (Reuters) - PG&E Corp