Bloomberg Typhoon Hinnamnor left at least two people dead and created flooding and power outages as it passed through South Korea, though the destruction appeared to be less than had been forecast. Hinnamnor hit near the southern city of Geoje at 4:50 a.m. local time on Tuesday and moved off the coast near Ulsan just a few hours later, the ...

  Bloomberg Australia’s central bank raised interest rates by a half-percentage point for a fourth consecutive meeting and signalled further hikes ahead in its drive to rein in inflation. The Reserve Bank of Australia (RBA) took the cash rate to 2.35%, the highest level since 2015, in a widely expected announcement on Tuesday. The tightening is Australia’s quickest in a ...

Bloomberg France is considering changes to mortgage lending rules to ensure credit to households as the European Central Bank delivers sharp rate increases to counter surging inflation. At present, French regulations cap rates that banks can offer based on average rates in the past quarter plus an extra premium. Some banks have become reluctant to accept loan applications as rates ...