Bloomberg A semblance of calm is returning to the pound. Sterling’s implied one-month volatility versus the dollar declined this week to the lowest since June 24, the day the results of Britain’s vote to leave the EU was announced. The difference with an equivalent gauge for three months was at one percentage point on Friday, having surged in June ...

  Helsinki / AFP A sub-sea gas pipeline planned to link Finland and Estonia moved closer to reality on Friday as the European Commission promised to fund the project to ease the region’s dependence on Russian gas. “The allocated grants will cover, among others, the construction of the Balticconnector, the first bi-directional sub-sea gas pipeline between Estonia and Finland,” the EU ...

  Bloomberg The S&P 500 Index halted a five-day rally that took it to a record, while the dollar rose and Treasuries had the biggest weekly drop in a year as data boosted optimism in the economy. News after the close of U.S. equities markets that Turkey’s army had seized power stoked demand for haven assets. The nation’s lira plunged ...

  Bloomberg A week after the benchmark 10-year note yield hit an all-time low, it bounced back at the most rapid pace in more than a year. Helping to upend the record rally: increasing evidence that the U.S. economy is getting back on track. From a boost in retail sales to higher consumer prices, data this week lifted yields while ...

  Bloomberg Canada will have a national price on carbon emissions by the end of this year, Environment Minister Catherine McKenna says. The federal government will publish an emissions reduction plan this fall that could include expanded, standardized emissions disclosure requirements for companies, McKenna said in an interview with Danielle Bochove on Bloomberg TV Canada. McKenna spoke after appearing with ...

  Bloomberg Hawaii regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii Public Utilities Commission voted 2-0 against the proposed transaction, saying it failed to show that it was in the public’s interest, according to a statement late ...

  Bloomberg Brazil’s currency gained for the sixth week in seven, in spite of central bank efforts to limit gains, amid investor optimism that the interim government will win lawmakers’ support for measures to cut the budget deficit and stimulategrowth. The real was up 0.6 percent this week to 3.2802 per dollar on Friday on speculation the appointment of Rodrigo ...

  ISTANBUL / Reuters Forces loyal to Turkey’s government fought on Saturday to crush the last remnants of a military coup attempt which collapsed after crowds answered President Tayyip Erdogan’s call to take to the streets and dozens of rebels abandoned their tanks. One hundred and sixty-one people were killed, including many civilians, after a faction of the armed forces ...

  London / AFP A section of the Turkish military, the second-largest army in NATO after the US’, caught the world off guard on Friday by staging an attempted coup. The move stunned Turkey observers, who believed President Recep Tayyip Erdogan of the Islamic-rooted Justice and Development Party had brought the secular-minded army to heel. Acting army chief General Umit ...

  WASHINGTON / AFP US President Barack Obama was huddling with top national security advisers in the White House Situation Room on Saturday to address the destabilizing coup attempt in Turkey. The government of Recep Tayyip Erdogan appears to have repelled the plot, but the situation remained fraught and tensions between Washington and Ankara appeared to be growing. In a ...