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Bloomberg Meituan Dianping, the Chinese restaurant review and delivery giant, has started gauging investor demand for a planned Hong Kong initial public offering, people with knowledge of the matter said. A stock offering from the company could raise more than $4 billion, said one of the people, who asked not to be identified because the details are private. Chinese social ...

Bloomberg Cities ranging from Boston to New York and Washington are set to swelter through Thursday as high heat and humidity combine to make 95-degree temperatures feel as if they’re 100 degrees Fahrenheit or more, boosting energy demand to cool homes and businesses. A large area of high pressure has parked across the eastern US, bringing in a typical summer ...

Bloomberg India plans to spend $1.4 billion to send a crew of three to space by 2022, spurred by PM Narendra Modi’s goal that will help the country break into an elite club. A module with three astronauts will be launched from Sriharikota, a tiny barrier island in southeastern India, taking the passengers on a seven-day voyage around the Earth, ...

Bloomberg When Amazon.com Inc. bought Whole Foods last year, investors panicked and dumped shares in Kroger, Sprouts Farmers Market and even Walmart. The fear was that the e-commerce leviathan would disrupt yet another industry. Since then, the concerns have subsided as investors and analysts came to recognise that it will be years before Amazon becomes a major player in the ...

Bloomberg JetBlue Airways Corp., which for years let passengers check luggage at no charge, became the first major US carrier to bump the fee for a first checked bag to $30. The $5 increase is effective for trips booked started on Monday. JetBlue also raised the charge for a second checked bag by $5 to $40 and for a third ...

Bloomberg Ryanair Holdings Plc signed its first-ever union contract, granting Italian pilots perks such as severance pay in a deal the airline hopes to repeat across its network to contain a protracted labor dispute. The deal commits Ryanair to making contributions to national health care and social-security funds as well as paternity rights, the Italian pilots union ANPAC said in ...

Bloomberg Asia-Pacific airlines will need to add the greatest number of pilots, technicians and cabin crew over the next two decades as economic growth spurs travel demand. The region will require 240,000 more commercial-aircraft pilots, 242,000 technicians and 317,000 cabin crew from 2018 to 2037, making up more than one-third of the global total, according to a forecast by Boeing ...

Bloomberg China’s top three airlines are poised to show this week that they’ve been hard hit by a jump in crude prices and the yuan’s depreciation. Combined net income at Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. probably fell more than 50 percent to 4.95 billion yuan ($727 million) in the first half of 2018, ...

Bloomberg A rebuff from the regulator may set Asia’s richest banker Uday Kotak on a $17 billion acquisition trail, as he seeks to meet a year-end deadline to reduce his stake in Kotak Mahindra Bank Ltd. below 20 percent. Buying another financial firm may be the most palatable way for Kotak to pare his holding, following the Reserve Bank of ...

Bloomberg Bank of Nova Scotia’s purchase of Jarislowsky Fraser is already paying off. The acquisition of the Montreal-based money manager, along with improved margins and lower provisions, contributed to record Canadian banking profit in the fiscal third quarter, Scotiabank said. Earnings from domestic banking rose 8 percent to C$1.13 billion ($880 million) from a year earlier. The C$950 million purchase ...