Bloomberg Hurricane Eta has strengthened into one of the Atlantic’s most powerful storms of the year, packing winds of 233 kilometres an hour as it roars towards Central America. The storm, a Category 4 major hurricane, is expected to dump rain by the foot on Central America after it slams into the coast of Nicaragua on Tuesday, delivering life-threatening storm ...

Bloomberg China’s biggest state-owned banks are still plagued by a surge in bad loans even as an early containment of the pandemic and a recovery in the world’s second-largest economy helped them trim profit declines. Net income slid less than 5% at Industrial & Commercial Bank of China Ltd. (ICBC) and its three largest rivals in the three months through ...

Bloomberg Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying as it tries to turbo-charge a recovery now that the country is released from lockdown. The Reserve Bank of Australia (RBA) will cut the cash rate to 0.10% from 0.25% and set its yield curve ...