Bloomberg The International Monetary Fund (IMF) asked the leaders of world’s biggest economies for more support to keep the international monetary system from seizing up due to the pandemic. The IMF sought backing to create a sizable quantity of reserve assets called SDRs, or special drawing rights, as it did in the 2009 global financial crisis, Managing Director Kristalina Georgieva ...

Bloomberg Hertz Global Holdings Inc. is discussing options with banks to raise cash as the rental-car company seeks to weather a worldwide slowdown in travel, according to people with knowledge of the matter. Among the options being discussed by the company and banks led by Barclays Plc are a first-lien loan, second-lien financing or collateralising the company’s vehicle fleet. Hertz ...

Bloomberg General Motors Co. (GM) agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents. The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009. Under the settlement, which was ...