The performance of US Treasuries in 2017 confounded many, as the bonds kept to range-bound trading in the context of both higher growth and rate tightening by the Federal Reserve that went beyond initial market expectations. Therefore, it should come as no surprise that the recent move up in yields has triggered so many reactions, including warnings that we may ...

What to do if you’re a 95-year-old billionaire and you live in a country with inheritance taxes as high as 65 percent? That’s the challenge facing the family of coffee baron Kim Jae-myeong, honorary chairman of Dongsuh group, who built a fortune valued at $2 billion by the Bloomberg Billionaires Index. Kim, who’s never appeared on an international wealth ranking, ...

What do carpets and coffins have in common? They are both suffering as the internet makes prices more transparent and consumers shop around. That’s the message from both Carpetright Plc, which has been floored by a slump in demand, and funeral director Dignity Plc, whose earnings will be six feet under this year. Analysts’ expectations for Dignity’s 2018 earnings are ...