Saola May Regain Near-Super Typhoon Power as It Heads to Taiwan
Typhoon Saola is expected to strengthen as it approaches landfall in northern Philippines by Wednesday, before heading to southern Taiwan and Hong Kong.
Bloomberg Business
Markets Show China Needs a Stimulus ‘Bazooka’ to Woo Investors
Chinese stocks surged at the open Monday after authorities took a raft of steps to bring investors back to one of the world’s worst-performing equity markets. But most of the gains were gone by the end of the session, with foreign funds extending what’s set to be a record outflow this month.
Goldman’s GreenSky Sale Enters Homestretch With PE Giants in Mix
Goldman Sachs Group Inc.’s sale of consumer lending unit GreenSky is entering the final stretch with groups featuring Apollo Global Management Inc., Pagaya Technologies Ltd. and Sixth Street working on what’s poised to be their best and final offers, according to people with knowledge of the matter.
Florida Braces for Disaster With Idalia Set for Rapid Growth
Florida is bracing for a major hurricane that is poised to bring life-threatening winds and storm surge to the Tampa Bay area as Tropical Storm Idalia neared hurricane strength Monday in the Gulf of Mexico.
IMF’s Georgieva About to Begin Visit to China, India, Indonesia
The International Monetary Fund’s managing director, Kristalina Georgieva, will leave for Asia on Wednesday for a tour that will take her to China, Indonesia and India.
Chevron’s Australian LNG Workers Set Potential Strike Date
Strikes at Chevron Corp.’s liquefied natural gas export plants in Australia could begin as soon as Sept. 7, threatening to disrupt global energy supply and sending fuel prices higher.
UK’s Labour Faces Backlash Over Pledge for No Further Tax Rises
Britain’s opposition Labour party is facing a backlash from its left wing after ruling out wealth taxes and promising to cut business regulations as it looks to shore up its economic credentials ahead of a general election expected next year.
Iron Ore’s Unexpected Resilience Shows Pockets of China Strength
The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well.
Biden, Lula to Call for New Worker Protections at UN Meeting
Presidents Joe Biden and Luiz Inacio Lula da Silva will call for improved working conditions in the US and Brazil at a joint event in New York on the sidelines of next month’s United Nations General Assembly, according to Brazilian Labor Minister Luiz Marinho.
Britain’s Food Inflation Cools to Lowest Level in Almost a Year
The slowest increase in grocery bills in almost a year drove down inflation in British shops in August, relieving some of the pressure on the Bank of England to keep raising interest rate hikes.