Bloomberg The Obama administration is reversing course on opening Atlantic waters to a new generation of oil and gas drilling, after a revolt by environmentalists and coastal communities that said the activity threatened marine life, fishing and tourism along the U.S. East Coast. The proposed offshore leasing program eliminates the administration’s initial plan to auction off drilling rights in as ...

Bloomberg The rally that made Brazilian assets the world’s best performers in 2016 is losing momentum as investors’ euphoria over prospects for change in government gives way to pessimism about how hard it will be to pull the country out of an economic malaise no matter who is in power. The Ibovespa equity gauge, Brazil’s currency and its bonds have ...

Bloomberg The U.S., once the world’s largest wheat exporter, is scheduled to import the grain this month from South America in the latest sign of how the country is losing its domination of the global trade. Even amid overflowing U.S. grain bins, there’s a ship destined to reach North Carolina shores this month with supplies from Argentina. Olympos, the vessel ...