Keystone XL is back — along with the usual misconceptions about its virtues and dangers. There should be no doubt, however, that President Donald Trump’s executive order advancing the project is a good thing. The reason is simple: By carrying heavy crude from the oil sands of Alberta, Canada, to refineries on the US Gulf Coast and beyond, Keystone …

  US President Donald trump did it again. He seems to be intent on going against every deal that Obama administration struck with nations around the world. Trump blasted a refugee resettlement deal with Australia reached last year with the Obama administration. The resettlement deal was heralded as the solution, and held up by the Turnbull government as an example …

  Foreign-exchange markets are trying to determine what an era of tariffs and border taxes would mean for the value of the dollar. In textbook models, a border-adjustment tax could trigger an increase in the value of the real effective exchange rate (a measure of a country’s competitiveness once the nominal exchange rate — the currency traded on the spot …