US Startup Buys Just Eat Takeaway’s Grubhub for $650 Million
Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic.
ABN Amro Interest Income, Impairment Releases Drive Profit Beat
ABN Amro Bank’s third-quarter profit beat estimates, helped by better-than-expected lending income and the release of money it had set aside for doubtful loans.
Yen Weakens to 155 Against Dollar, Raising Intervention Risk
The yen weakened beyond 155 per dollar for the first time since July, raising the risk that Japan will enter the currency market to try to slow the depreciation.
Swedish Fintech Klarna Files for Widely Anticipated IPO in US
Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing.
VC Earlybird Digital East Rebrands As Bek Ventures, Raises $250 Million New Fund
A venture capital firm with notable hits in eastern Europe and Turkey has rebranded as Bek Ventures and raised a $250 million fund to invest in the region.
Rakuten Sells Mizuho 15% of Credit Card Arm for Over $1 Billion
Rakuten Group Inc. said it’s selling about 15% of its credit card arm to Mizuho Financial Group Inc. for ¥165 billion ($1.1 billion).
South Korean Stocks Set for One-Year Low on Trump Policy Concern
South Korean shares were headed for their lowest in a year, as foreign investors sold major exporters including Samsung Electronics Co. that are vulnerable to Donald Trump’s protectionist trade policy.
Re-Appearing Dark Fleet Vessel Underlines Zombie Ship Challenge
After a dark-fleet ship exploded off the coast of Malaysia in May last year, its scorched wreck was sent to an Indonesian scrapyard. Then, last month, its transponder signal went live once again.
Thailand Eyes Congestion Fee to Cut Bangkok Pollution, Traffic
Thailand is reviving a plan to impose congestion charges in capital Bangkok to tackle traffic and air pollution, a move that could make it the second major Asian city to implement such a policy.
Philippines Misses JPMorgan Bond Index Inclusion, Officials Say
The Philippines has set it sights on inclusion into JPMorgan Chase & Co.’s local-currency emerging-market debt index in 2025 after missing the cut this year, officials said.
