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Ford raises $8bn of junk bonds as virus spurs loss

Bloomberg Ford Motor Co. took its first drive through the high-yield market in years, looking to shore up liquidity after reporting one of its largest ever quarterly losses. The automaker raised $8 billion of unsecured bonds in three parts. The longest maturity, a 10-year security, will yield 9.625%, after initially being marketed around 11%, according to a person with knowledge ...

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Quebec plans to grow berries in winter on supply fears

Bloomberg Quebec’s efforts to grow fruits and vegetables during freezing winter months have gained new urgency after the coronavirus pandemic exposed risks to supply chains around the world. The Canadian province touted a C$1.3 million ($930,000) investment in an engineering company that outfits farmers to produce strawberries in winter. Premier Francois Legault also called on people who have lost their ...

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Trump hands over keys to states on reopening plan

Bloomberg Days after insisting he had absolute authority to steer the country’s economic recovery from the coronavirus outbreak, President Donald Trump instead handed over the keys to governors and businesses. Trump issued guidelines for states to consider as they decide whether to relax stay-at-home orders and other social-distancing measures enacted to curb the spread of the virus. The brief document ...

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