Meituan to Debut in Riyadh as Expansion Beyond China Quickens
Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital, making its first move outside of greater China as growth slows in its home market.
Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital, making its first move outside of greater China as growth slows in its home market.
European stocks gained along with US equity futures following blockbuster earnings from Microsoft Corp. and Alphabet Inc. The yen weakened to a 34-year low before paring losses in a sharp move, with traders on guard for any hints of intervention from Japan.
Nomura Holdings Inc.’s earnings climbed as soaring fixed-income trading and resurgent markets in Japan helped Chief Executive Officer Kentaro Okuda achieve the first increase in annual profit under his watch.
(Bloomberg) -- Global events continue to threaten Switzerland’s price stability despite the country’s strong record on inflation, Swiss National Bank President Thomas Jordan warned.
Sentiment has clearly turned for the better toward Chinese equities with overseas investors purchasing a record amount of onshore shares Friday.
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