Bloomberg PG&E Corp said it largely supports a proposal from California’s top that would allow for greater oversight of the power giant if it fails to reform itself and causes another catastrophic fire after exiting bankruptcy. The company said it agrees with the establishment of a six-step enforcement process proposed by California Public Utilities Commission President Marybel Batjer. That would ...

Bloomberg New infections of the coronavirus in China dropped to single digits for the first time since the country began reporting daily numbers in mid-January. As of March 12, China has eight new cases and seven additional deaths, said the National Health Commission on on March 13. The dramatic plunge to a single-digit increase — from the height of nearly ...

Bloomberg Indonesia unveiled an emergency fiscal stimulus plan worth 22.92 trillion rupiah ($1.55 billion) as it seeks to protect Southeast Asia’s largest economy from the coronavirus crisis. The package which includes a raft of tax breaks, would help push the budget deficit to 2.5% of Gross Domestic Product (GDP), from an initial target of 1.76%, Finance Minister Sri Mulyani Indrawati ...