The United States Bankruptcy Court for the Eastern District of Virginia granted Ascena its first-day motions related to its July 23 Chapter 11 petitions, including the closure of “1,100 underperforming brick-and-mortar store locations,” according to an Ascena …
See Original Article

The Covid-19 pandemic has prompted many countries to re-evaluate China-dependent supply chains for essential goods such as drugs. India may take particular advantage, but only with plenty of patience. The country has rolled out nearly $1 billion worth of …
See Original Article

By Laura Gottesdiener. MONTERREY, July 27 (Reuters) – Mexican cement producer Cemex on Monday reported a $44 million loss for the second quarter after sales plummeted across most of its markets due to coronavirus-related lockdowns. The loss, a …
See Original Article

After the Reserve Bank of India (RBI) admitted to potential balance sheet stress for banks amid Covid-19 last weekend, investor sentiment took a hit on Monday. With a 3.6 per cent fall, the Nifty Bank index traded below its 200-day moving average on Monday.
See Original Article

A tiny Canadian company is taking Elon Musk up on his offer to efficiently mine nickel, betting it can be done carbon free. Toronto-based Canada Nickel Co. said it’s looking into building a facility that will process zero-carbon nickel just days after the Tesla Inc.
See Original Article