Intel Corp. shares slumped after a surprise drop in data center chip sales and a tepid forecast stoked concern that manufacturing delays are whittling away the company’s lead in semiconductors.
Overseas borrowers have flocked to the dollar this year at a record pace, with sovereigns from Indonesia to Colombia and companies from Nissan Motor Co. to Manila’s water utility racking up sales of $1.29 trillion.
China’s fast-growing $157 billion market for exchange-traded funds will be directly accessible to overseas investors from Friday, at least four years since the plan was first hatched.
As harvesting gets underway in Australia, the country’s expecting to have its biggest wheat crop in four years after ample rains on the east coast earlier in the season boosted yields. Exports are poised to surge.
Hui Ka Yan built China Evergrande Group with support from a tight-knit group of fellow real estate billionaires with a fondness for poker.
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