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Naftogaz seeks stronger sanctions on Russia to stop pipeline

  Bloomberg The U.S. and the European Union should impose stronger sanctions against Russia to kill the country’s plan for a natural gas pipeline supplying Germany because it would raise prices for consumers and jeopardize energy security, said Andriy Kobolyev, chief executive officer of National JSC Naftogaz of Ukraine. Naftogaz, Ukraine’s state oil and gas company, is calling on the ...

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S&P 500 posts worst week since April

  Bloomberg Prices fell and volume surged in a week of heightened anxiety for U.S. investors, whose dreams of reaching a record high anytime soon all but faded away. A streak of six weeks without a 1 percent drop was broken as the S&P 500 Index dropped 1.2 percent to 2,071.22, the worst retreat since April. Shares slid on four ...

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Peru pensions change likely to boost Sol demand, says Velarde

  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 ...

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