WHITE HOUSE OFFICIAL: SBA IS OFFERING A 90% GROCERY GUARANTEE ON LOANS FOR SMALL BUSINESSES IN THE AGRICULTURE AND LOGISTICS INDUSTRIES

DBS Group Research maintained a bullish view on Meituan, citing its leading position in food delivery and early progress in overseas markets. This comes despite near-term earnings pressure and guidance for core local commerce revenue to be flat or slightly down in 1Q, which was in line with expectations. The company also expects narrower losses in its new initiatives segment, supported by improved unit economics in Saudi Arabia. DBS said shares could re-rate if regulators provide clearer guidance on ending subsidy competition in food delivery, and kept its buy rating while reviewing its HK$130 target price.

ISRAELI DEFENCE MINISTER KATZ: IRAN WILL PAY ‘HEAVY AND INCREASING PRICES’ FOR TARGETING ISRAELI CIVILIANS