Great Wall said in a statement it expects to complete transaction of Rayong car plant, which is currently operated by GM, by the end of 2020.
HONG KONG (Reuters) – Swiss language tutor Education First (EF) has entered exclusive talks with global private equity firm Permira to sell its China operations, in a deal valuing the business at $1.6 billion, said two people with direct knowledge of the matter.
The S&P BSE Sensex Index was little changed at 41,270.37 as of 9:43 a.m. in Mumbai after rising as much as 0.4% and falling as much as 0.3%. The NSE Nifty 50 Index was also flat after swinging between the same range.
TOKYO (Reuters) – Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s board.
The outbreak has slammed the brakes on travel and tourism, just as data released on Monday shows an Abe-backed tax hike battered the economy in the last quarter of 2019, which contracted by the most in more than five years. The fresh recession concerns are casting doubt on the stability that helped Abe become the country’s longest-serving premier in November.
Investing.com – Asian markets were mixed on Monday morning, with Japan’s Nikkei 225 underperforming its regional peers after data showed the country’s economy shrank at the fastest pace in six years.
An announcement could come as soon as Monday, the source said, adding a deal has yet to be signed.
Former director of engineering Jason Mahoney will be the new COO while Stuart Kennedy, previously director of people at IAG Cargo, will replace Williams, a BA spokeswoman said in an emailed statement.