Bloomberg Business

China warned that Haikui will bring heavy rains to regions in its south and east as concern lingers about the fading cyclone’s impact on farming with rice prices already soaring.

Investment banks working on Arm Holdings Ltd.’s initial public offering are set to share upwards of $100 million in fees from the chip designer’s listing, according to people familiar with the matter.

The early winners in artificial intelligence have strong fundamentals and less extreme valuations compared with stocks seen in previous periods of exuberance, according to Goldman Sachs Group Inc. strategists, rebutting concern that a bubble is building in AI.

Mexico’s ruling party will unveil its candidate to fight for the country’s presidency on Wednesday, a key step in the process to elect the successor to President Andres Manuel Lopez Obrador next year.

South Korea will start selling some government bonds specifically to individuals from next year, seeking to widen the pool of investors for a market that underpins the nation’s financial stability.

A record selloff in Chinese stocks by global funds has pushed their positioning to the lowest since October, with money managers unswayed by the stimulus measures that have been coming through over the past few weeks.

The Japanese government’s auction of 10-year bonds met weak demand on Tuesday, adding to the challenges of policymakers after investors baulked at the yields on offer in sales last month.

China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched.