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Tata to spin off cars unit to seek strategic allies

Bloomberg Tata Motors Ltd, the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles. Car sales in India fell for a 16th consecutive month in February, and that’s set to continue as the ...

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Hanoi’s largest hospital locked down on virus outbreak fears

Bloomberg Vietnam officials ordered one of the nation’s largest medical centers to be locked down and demanded thousands of employees and people who recently visited Hanoi’s Bach Mai Hospital be tested for Covid-19 after nurses and food workers contracted the disease. The Southeast Asian country, which has 179 confirmed cases and no reported deaths from the virus, has tied most ...

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China’s $30tn market promise beckons global wealth firms

Bloomberg China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc, Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner. While the further liberalisation of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless ...

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