Anthony Kleven SPECIAL TO EMIRATES BUSINESS As the United States hosted the 7th Clean Energy Ministerial in San Francisco on June 1-2, the Obama administration sought to demonstrate global leadership on green energy and climate change. Those efforts, however, are being undercut by GOP presidential nominee Donald Trump and Republicans in Congress. Just a few days before the meetings …

  Bloomberg The European Union will push back the completion of collateral rules for the multi-trillion-dollar swap market to the end of the year, breaking with US authorities who have set a September deadline for the biggest banks to comply. The European Commission, the EU’s executive arm, won’t be able to meet the deadline adopted by the US — and …

  Bloomberg Peru kept borrowing costs unchanged after four increases in the past year as slowing inflation and a stronger sol give policy makers room to bolster growth. The central bank board, led by bank President Julio Velarde, held the key rate at 4.25 percent for a fourth consecutive month, matching the forecast of 11 of 12 economists surveyed. One …