McDonald's to extend $5 value meal, Bloomberg News reports

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McDonald's to extend $5 value meal, Bloomberg News reports
Mcdonald'sValue MealRival Burger King
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McDonald's meal offer kicked off on June 25 as promotions ramped up across fast-food chains seeking to attract cash-strapped customers. About 93% of...

- Burger chain McDonald's would continue to offer $5 value meal at most of its U.S. restaurants beyond the initial four-week window, Bloomberg News reported on Monday citing a company memo.

About 93% of McDonald's locations have committed to selling the value meal past the initial four-week period, according to the report. HONG KONG -China will gradually raise its statutory retirement age, now among the world's lowest, to allow people to work longer, as it struggles to relieve soaring pressure on pension budgets, with many provinces already facing deficits. The reform is urgent, with life expectancy having risen in China to 78 years by 2021 from about 44 years in 1960, outstripping the United States, and is projected to exceed 80 years by 2050.

China's $715 billion hedge fund industry is facing renewed pressure from stringent regulations coming into effect next month, forcing some investment firms to seek fresh capital from white knights or even shut shop. These rules would come after China's regulators cracked down on computer-driven 'quant funds' this year as part of Beijing's tighter supervision of the financial industry. Zhang Kaihua, founder of Nanjing-based HuYang Private Fund Co, is selling up to 6.

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