Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, made landfall in the Caribbean early Wednesday and barrelled toward Puerto Rico on a path that may bring it ashore in Florida and destroy so much property that damages surpass Hurricane Katrina. Irma has sent cruise lines and insurance stocks plunging, with Barclays estimating insured losses in a worst-case scenario at $130 billion. Natural gas slid on speculation that the storm will wipe out demand for the power-plant fuel, orange and cotton futures surged on potential crop damage, whilelumber ...
Hurricane Irma batters Caribbean, Florida braces for powerful storm
Irma comes less than two weeks after Hurricane Harvey smashed ashore in Texas
Brian K Sullivan | Bloomberg Last Updated at September 7, 2017 01:47 IST