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.
The yen swung sharply from the day’s low to near its high amid jittery trading in the wake of the Bank of Japan’s decision to keep monetary policy unchanged.
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.
A selloff in global bonds paused as traders waited for US inflation to shed light on whether the Federal Reserve will be able to cut interest rates this year.
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