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Hong Kong set for major new round of stimulus amid virus

Bloomberg The Hong Kong government is set to announce a fresh round of stimulus measures to shore up the crippled economy, with a local media report saying the total could exceed $12.9 billion. The aid package will mostly be dedicated to subsidising wages in sectors hit by closures and restrictions imposed to curb the deadly virus, according to the South ...

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India’s TVS Motor targets UK’s classic Norton Motorcycles

Bloomberg India’s TVS Motor is among prospective bidders considering making an offer for Norton Motorcycles of UK, which went into administration in January, people with knowledge of the matter said. TVS has approached Norton’s administrators about a potential deal, according to the people, who asked not to be identified because the information is private. The British firm is being overseen ...

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Nissan COO pledges focus on cash amid virus

Bloomberg Nissan Motor Co’s priority is to conserve cash while making better use of its assets instead of selling them, Chief Operating Officer Ashwani Gupta said, as the struggling carmaker confronts an existential challenge from the pandemic that’s upended the global economy. The shift in strategy offers an early indication of a recovery plan that will be unveiled next month, ...

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