Bloomberg Meituan Dianping, China’s largest group-buying and restaurant reviews service, is said to be close to finalising a deal to raise at least $3 billion from investors including Capital Group, according to people familiar with the matter. The company backed by WeChat-operator Tencent Holdings Ltd. is said to be targeting at least $3 billion at a $28 billion valuation, the ...

Bloomberg General Electric Co. said if Indian officials walk away from a multibillion-dollar locomotive contract, the move would damage efforts to create jobs and chill foreign investment. Altering the deal would “undermine one of the most promising infrastructure projects in the country,” GE said. India may also be on the hook for “substantial fees associated with this project,” the company ...

Bloomberg The kingdom of Saudi Arabia has issued an order allowing women to drive, ending a long-standing policy. It’s also a royal opportunity for global automakers eager to make further inroads into the Middle East’s biggest economy. Saudi Arabia’s move to open up its auto market to about half of its 32 million total population will have a profound impact ...