Bloomberg Business

Florida Starts to Recover as Idalia Soaks US South With Rain

Florida has started to dig out from the aftermath of Idalia, which weakened to a tropical storm even as it brought heavy rain across Georgia and the Carolinas, caused billions of dollars in damage, left hundreds of flights grounded and thousands without power.

Some Country Garden Bondholders Seek Default on Yuan Note

A group of Country Garden Holdings Co. creditors is seeking to declare a default on a yuan bond, adding a fresh complication for the distressed Chinese developer whose liquidity crisis has shaken the nation’s financial markets.