Bloomberg Illinois delayed the planned auction of $1.2 billion of short-term debt as it faces record-high penalties to borrow on Wall Street because of the deep financial hit the state is being dealt by the coronavirus shutdown. The worst-rated state had planned to sell about $1.2 billion of short-term tax-exempt general-obligation debt on Wednesday, its first borrowing during the pandemic, ...

Bloomberg China fired back at US Secretary of State Michael Pompeo, saying he has no evidence to back up claims that the virus that causes Covid-19 escaped from a lab in the central city of Wuhan. The US attacks on China were part of an election year strategy by President Donald Trump’s Republican Party ahead of this year’s election, Chinese ...

Bloomberg US President Donald Trump supports Kremlin leader Vladimir Putin’s proposal to hold a summit of the five permanent members of the United Nations Security Council, the American ambassador to Moscow said in an interview with a Russian news service. Trump sent a message recently to President Putin describing the initiative as a “good idea,” the Interfax news service cited ...