WASHINGTON / Reuters US Vice President Mike Pence will visit Egypt, Jordan and Israel from January 20 to 23, the White House said, embarking on a tour originally planned for last month after President Donald Trump recognised Jerusalem as the capital of Israel. Pence will hold talks with Egyptian President Abdel Fattah al-Sisi, Jordan’s King Abdullah and Israeli Prime Minister ...

US equities responded to the Trump presidency with euphoria. The Dow Jones Industrial Average rose 25 percent in 2017, becoming one of the best-performing global asset classes. It was a different story with US Treasuries: The yield on 10-year notes fell slightly from 2.44 percent at the end of 2016 to close 2017 at 2.41 percent. And the spread in ...

As 2018 gets underway, China seems to be on top again. The yuan has strengthened 6.8 percent against the dollar over the past 12 months and foreign-exchange reserves are growing. Not so fast. Remember November 2015, when the International Monetary Fund — with some fanfare — agreed to add the yuan to its prestigious special drawing rights currency basket. Talk ...