Bloomberg S&P Global Ratings lowered Bahrain’s long-term foreign and local currency sovereign credit ratings to ‘B+’ from ‘BB-’, prompting Bahrain’s central bank to reaffirm the country’s currency peg to the US dollar. S&P Global Ratings said the rating cut was due to weak external liquidity and increasing financial risk due to more limited access to international capital markets. The Central ...

Bloomberg The Trump administration, rebuffing oil industry demands for broad changes to the US biofuel mandate, largely maintained the status quo in setting final quotas for how much refiners must blend into gasoline and diesel. But the Environmental Protection Agency’s decision drew only tepid applause from Iowa politicians, Midwest corn farmers and producers of soy-based biodiesel, who say the targets ...

Bloomberg UK Prime Minister Theresa May is battling to put out multiple political fires at home as she prepa- res for a crucial meeting in Brussels that she hopes will end the deadlock in Brexit talks. Euro-skeptics including members of May’s own Conservative party set out new “red lines” for the negotiations ahead of a lunch meeting she’ll have on ...