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Bloomberg Economic growth in Nicaragua, once a top performer in the region, will slow to a crawl this year after months of violent chaos left hundreds dead and paralysed business activity. The $13.7 billion economy will expand just 1 percent this year in an “optimistic scenario” compared with an original forecast of 5 percent, Central Bank Chief Ovidio Reyes said …

Bloomberg Investment bank Jefferies Group is reorganising its energy group, according to a letter seen by Bloomberg. Pete Bowden, the current co-head of energy banking and the leader of Jefferies’s midstream franchise, will become global head of energy, according to the letter from Ralph Eads, the chairman of the group. Guy Oliphint and Greg Chitty have been promoted to co-heads …

Bloomberg A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said that the decision will take effect sometime next year. Maersk shares opened about 4 percent …

Bloomberg Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland, …

Bloomberg India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter said. Officials from the US had discussed the issue of a conditional waiver on sanctions in talks last month in New Delhi, the people said. …

Bloomberg Meeting Britain’s 2050 climate goals will require the nation to wean itself off using natural gas for heating, but the nation’s electricity system probably won’t cope unless thermal storage technology improves. Reducing greenhouse gas emissions from the heating sector is “one of the toughest challenges the country faces in its low-carbon transition,” according to a report published by the …

Bloomberg Walmart Inc. bounced back from a lackluster start to the year with the strongest sales gain in more than a decade fueled by its grocery business, brightening the outlook for the overall retail sector. The stock jumped as much as 11 percent, the most intraday since October 2008. Comparable sales at US Walmart stores rose 4.5 percent in the …

Bloomberg The head of Boeing Co.’s 737 jetliner programme and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. He’ll be replaced by Eric Lindblad, …

Bloomberg Air Canada has a succession gap now that its No. 2 executive is leaving to run Europe’s largest airline. But the Canadian carrier has a deep management bench that will minimise disruption, say Cowen & Co. and RBC Capital Markets. Chief Operating Officer Ben Smith will leave Air Canada on August 31 to take charge at Air France-KLM, the …

Bloomberg Labour unions are lobbying shareholders at strike-ravaged Ryanair Holdings Plc to pressure the airline into abandoning a business model they say is based on browbeating staff to keep down costs. Other discount carriers manage to turn a profit while maintaining a healthy working environment, the Belgian, Portuguese, Spanish and Italian unions said to investors, adding that Ryanair has been …