S&P joins Fitch in affirming US amid virus outbreak, says debt, deficit to worsen

OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said......»»

Public sector borrowing hit a new high in February, with the U.K. government borrowing £19.1 billion ($26.6 billion) last month, as spending on measures amid the COVID-19 pandemic continued while tax receipts fell......»»

Watch: Video Allegedly Shows CCP Sealing People In Homes Amid Virus Outbreak Unconfirmed videos were published on Twitter handle @TruthAbtChina th.....»»

A number of workers at the Lighthouse Laboratory in Milton Keynes have contracted the virus in recent days, amid a push to process more tests. Getty Britain's busiest coronavirus testin.....»»

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Neiman Marcus Group filed for bankruptcy after efforts to manage its crushing debt load unraveled amid the spreading coronavirus pandemic. The Chapter 11 filing in Texas gives the Dallas-based... To view the full story, click the title link......»»

The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import bill, suggesting the novel coronavirus outbreak was upending the global flow of goods and services......»»

Gold’s Gym International Inc. sought court protection from its creditors, unable to keep up with debt payments after the prolonged shutdown caused by the coronavirus outbreak......»»

Starbucks Corp.'s credit rating was downgraded to BBB from BBB+ at Fitch Ratings, citing the coffee seller's high debt leverage amid a "significant business interruption" from the coronavirus .....»»

The U.S. goods trade deficit widened in March amid a collapse in exports of motor vehicles and parts, but overall imports continued to decline likely as the novel coronavirus outbreak disrupted the flow of goods......»»

Plummeting electricity demand and falling power prices during the coronavirus outbreak could leave EDF in need of a capital injection by the end of 2020 to avoid a spiralling debt crisis, a source close to the French firm and analysts said......»»

Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter......»»

Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter......»»

Harley-Davidson said Wednesday it has temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business......»»

The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on Friday, ahead of an expected April spending explosion and withering of revenues amid the coronavirus pandemic......»»

New York City’s construction shutdown has derailed a $66 billion industry, increasing the risk on billions in loans issued to fund projects across the city. Before the virus outbreak, more than 450... To view the full story, click the title link......»»

Britain's BAE Systems is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said on Wednesday, as it prepares to deal with the fallout of the coronavirus outbreak......»»

Stocks fell sharply Wednesday as Wall Street began the second quarter on a sour note amid mounting concerns over the coronavirus outbreak......»»

Stocks fell sharply Wednesday as Wall Street began the second quarter on a sour note amid mounting concerns over the coronavirus outbreak......»»

Billionaire businessman Richard LeFrak joins "Squawk Box" to discuss how his real estate business is managing the slowdown from the coronavirus outbreak......»»