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Tokyo Disneyland extends shutdown until early April

Bloomberg Tokyo Disney Resort will extend its shutdown until at least early April, responding to a call by Prime Minister Shinzo Abe to extend cancellations of large events for another ten days as Japan battles the spread of the coronavirus. Operator Oriental Land Co had initially planned to keep the Tokyo Disneyland and Tokyo DisneySea parks shut until March 15, ...

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Japan’s Abe faces calls for more stimulus to stem virus impact

Bloomberg Prime Minister Shinzo Abe still faces calls to put together another large-scale stimulus to shake off the impact of the coronavirus, despite a second round of emergency measures unveiled on March 10. Most economists see the world’s third-largest economy falling into recession despite the two rounds of measures aimed at helping struggling businesses and workers. With the virus keeping ...

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Market drop adds to pressure on Indian tycoons to sell stakes

Bloomberg India’s cash-strapped tycoons may need to ready more yard sales of their crown jewels as stock volatility and ongoing credit market uncertainty pressure their ability to pay loans. At issue is the loans that Indian business leaders often take against the backing of their main assets — stakes in their listed firms. The value of such pledged shares has ...

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