Very strong El Nino to run through February - Asia's real economy is riding on it
A tropical-Pacific event upgraded to 'very strong' is forecast to hold into late winter - here's the chain of impacts hitting food, power, and inflation across Asia.

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A tropical-Pacific event upgraded to 'very strong' is forecast to hold into late winter - here's the chain of impacts hitting food, power, and inflation across Asia.
Global bond sell-off pushes UK borrowing costs to a 17-year high, threatening the chancellor's budget headroom and forcing a reckoning on fiscal promises.
Governor Kazuo Ueda kept a rate hike on the table for all upcoming meetings, including the December one, as inflation and wage momentum turn into policy pressure.
Revolution Medicines' new pancreatic cancer treatment Rasonque carries a record annual cost, highlighting a decade-long trend of soaring oncology prices.
With oil exports down 80% and inflation above 80%, Tehran's moderates are signaling cracks - here's the strategic fallout for energy markets.
The new infrared observatory will map the entire sky in 102 colors, probing cosmic inflation and the origins of water.
In his first Jackson Hole speech, Kevin Warsh says underlying inflation hasn't improved, sending bond yields up and putting a September hike in play.
With inflation at 3.7% and financial conditions not restrictive enough, the Fed chair is signaling that rate hikes may be back - and the next meeting is weeks away.
Former Fed governor Kevin Warsh's latest remarks hint at a more hawkish pivot, raising stakes for investors and borrowers.