(Reuters) – J.C. Penney Co Inc said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after Reuters reported the department store operator was considering filing for bankruptcy protection. In a regulatory filing, the company said it had a 30-day grace period to make the payment, […]
MEXICO CITY (Reuters) – Credit Suisse sharply lowered its forecast for Mexico’s economic performance this year and now expects a 4.0% contraction, citing “significant downside risks,” according to a note sent to the bank’s clients on Tuesday. Previously, the bank estimated that Mexico’s real gross domestic product would grow by a modest 0.7% in 2020. […]
By BERNAT ARMANGUÉ and YURAS KARMANAU BAKHMUT, Ukraine (AP) — Ukrainian and Russian forces battled fiercely for control of a key eastern city Wednesday, while fears of a global food crisis escalated as millions of tons of grain pile up inside the besieged country, unable to be exported by sea because of the war. The […]
