Bloomberg The European Central Bank (EDCB) stuck to its plan to end bond purchases as the European Union and US stepped back from a trade war andthe currency bloc’s economic expansion remained solid. The Frankfurt-based institution reiterated it will continue buying $35 billion of assets a month until the end of September, reduce the pace to 15 billion euros from …

Bloomberg American Electric Power’s (AEP) $4.5 billion Wind Catcher project was done in by shaky economics, and may become a teaching moment for other developers planning big clean-energy projects. The company pulled the plug on what would have been the biggest-ever US wind farm. Texas regulators rejected the project because it didn’t offer enough benefits for ratepayers, and Oklahoma came …

Bloomberg BP Plc agreed to pay $10.5 billion, its biggest acquisition in almost two decades, for most of BHP Billiton Ltd.’s onshore US oil and natural gas assets, including in the prized Permian Basin. The deal gives the London-based energy giant a position in the Permian, a swath of west Texas and New Mexico that’s the world’s fastest-growing major oil …