High-yield bonds have become the world’s hottest commodity as investors try to ride the global rally in stock markets. In Asia, however, that could mean dangerous times ahead. On Monday, Road King Infrastructure Ltd. raised $300 million selling dollar bonds to yield 7.95 percent. Preliminary price talk centered around the 8.625 percent mark but demand was so strong that …

  President Donald Trump and his allies in Congress have big plans for tax reform, and there’s something to be said for ambition. But the way they’re promoting their ideas suggests they don’t quite understand their consequences — and that raises larger questions about whether the plan could work at all. House Republicans have long proposed cutting the corporate tax …

  The proverb ‘morning shows the day’ seems to be apt for Trump administration. It’s just little over three weeks and Team Trump is in disarray. The White House has become a jumble of lies, retractions and denials. First, Trump executive order barring travellers from seven Muslim majority countries and halting refugee program opened the Pandora box of confusion and …