Malaysian billionaire Vincent Tan hired CIMB Group Holdings Bhd. to explore an initial public offering of Cardiff City Football Club (Holdings) Ltd. in Singapore, a person familiar with the matter said.
General Motors Co. is pulling its Chevy brand out of Europe, reversing a decade-old sales strategy, as a revival at the carmaker’s Opel and Vauxhall divisions beats the U.S. nameplate’s performance in the region.
Nigerian central bank Governor Lamido Sanusi is preparing to leave his post in June, raising concern among investors that his success in curbing inflation and stabilizing the currency may unravel in a pre-election year.
Cycling’s top official said he opposes the so-called World Series Cycling project that was aiming to generate more revenue by holding races in Asia, South America and the U.S., and he’ll look for other ways to support professional teams financially.