Meituan Dianping wants to be everything to everyone: It even describes its mission as “helping people eat better, live better” in its preliminary IPO prospectus. With these broad ambitions, the Chinese food-delivery giant is sounding out investors for a valuation of $45 billion to $55 billion. Its plans to raise up to $4.5 billion in a Hong Kong IPO would ...

Bloomberg Canadian banks are scoring back-to-back record earnings, beating big US lenders on profitability, productivity and dividend yields. They still can’t outperform US banks on the stock market. Toronto-Dominion Bank, Royal Bank of Canada and the nation’s other six large lenders collectively boosted profit 10 percent to a record $8.9 billion in the fiscal third quarter. Still, that’s no match ...

Bloomberg India’s rupee owes its tag of Asia’s worst-performing currency this year to the selloff sweeping emerging markets. There’s more pain in store from beyond its borders. While foreign currency debt has zoomed, various external vulnerability indicators paint a rather mixed picture, according to the Reserve Bank of India’s annual report. Indeed, data due as early as next week will ...