Bloomberg US business activity stabilised in July, indicating only gradual progress for the economy as some states slow the pace of reopening to counter a pickup in coronavirus cases. The IHS Markit preliminary composite index of purchasing managers at manufacturers and service providers improved 2.1 points to a six-month high of 50, the dividing line between expansion and contraction, the ...

Bloomberg A record number of Canada’s largest businesses are seeking protection from creditors, a testament to the strains companies are under because of the coronavirus pandemic. In the three months through June, 27 firms were granted protection under Companies’ Creditors Arrangement Act (CCAA), a federal law that gives insolvent corporations that have debt of more than $3.7 million an opportunity ...

Bloomberg Mexico’s economic activity plunged by a record in May, continuing a free-fall caused by a coronavirus outbreak that’s wreaking havoc on output. Activity, as measured by a proxy known as IGAE, dropped 22.7% compared to a year ago, the national statistics agency reported on its website. That’s more than the median forecast for a 20.3% contraction in a Bloomberg ...