Bloomberg Peruvian legislation allowing workers to tap their pension savings to repay home loans may lead pension funds to sell dollar assets to meet the increased demand for soles, according to central bank President Julio Velarde. The changes will add strength to the sol and hurt credit growth as outstanding mortgage loans decline, Velarde told reporters in Lima. About ...

  Bloomberg After a week in Washington, Saudi Arabia’s deputy crown prince is heading west to meet with technology executives in Silicon Valley and then to New York to pitch his nation’s new economic plan to Wall Street investors. Deputy Crown Prince Mohammed Bin Salman wants to discuss how Saudi Arabia can benefit from innovations spawned in California and then ...

  Washington / AFP Vale SA is holding discussions with Asian mining companies about a potential sale of a minority stake in its Brazilian iron-ore assets that could fetch as much as $7 bn, according to people familiar with the matter. The world’s top iron-ore producer may also consider streaming deals, the people said, asking not to be identified as the ...