Bloomberg Tesco Plc agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide. Britain’s largest supermarket chain said it plans a 5 billion-pound ($6.6 billion) special dividend after the sale of the assets to Chearavanont’s Charoen ...

Bloomberg Grab Holdings Inc closed offices in Singapore and Thailand for five days of cleaning after a Singapore-based employee, who previously visited the Bangkok office, tested positive for the coronavirus. “One employee who is based in our corporate office at Marina One West Tower in Singapore has come down with Covid-19,” Grab said on Monday in an emailed statement. “The ...

Bloomberg Japanese merchants said they’re facing the toughest economic environment since the global financial crisis as the country braces for the full impact of the spreading coronavirus. Store managers, barbers, taxi drivers and others who deal directly with Japanese consumers haven’t been this pessimistic about their prospects since 2009, according to a Cabinet Office survey on Monday. An index measuring ...