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  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 ...

  2017 is set to be one of the most volatile years for politics in decades. Elections in France, Germany and the Netherlands threaten to bring populists to power at the core of the euro zone. The European Union isn’t functioning, says George Soros. But not all political risk is bad. There’s the opportunity for positive change — especially in ...

  In his confirmation hearing the other day, Treasury secretary nominee Steven Mnuchin used the word “liquidity” when talking about several financial regulatory policies. He echoed banks’ concern that the Volcker Rule — which prohibits banks from engaging in many kinds of trading — would reduce asset market liquidity. He also expressed support for the continued existence of Fannie Mae ...

  Bloomberg Etihad Airways PJSC sought to head off the prospect of further clashes over its US expansion now that Donald Trump is president, saying it has no plans to add destinations beyond those already served. “We are not flying into any further points in the USA,” Etihad Aviation Group Chief Executive Officer James Hogan said in an interview with ...

  Bloomberg Reckitt Benckiser Group Plc emerged as a surprise suitor for perennial bid candidate Mead Johnson Nutrition Co., starting talks on a $16.7 billion purchase of the baby food maker to build its faster growing consumer-health business and bolster its presence in Asia. The companies are discussing an offer of $90 a share in cash, Reckitt Benckiser said. That ...

  Bloomberg Wireless carrier Vodafone Group Plc forecast full-year profit at the low end of its previous range, saying investments required to prop up its Indian unit will continue to hurt results as it negotiates to combine the business with a rival. “We anticipate intense competitive pressure in India in the fourth quarter and are taking a series of commercial ...

  PARIS / Reuters After top-level restructuring at Airbus come the musical chairs and a new logo intended to convey unity as the European giant aims to refocus its management without a return to past infighting. In a symbolic move, the man in charge of making Airbus jets has reluctantly agreed to leave his office by the vast factories in ...

  Bloomberg Deutsche Bank AG fell the most in four months after earnings missed analysts’ estimates, in part because clients stepped back from doing business with the lender amid concern about its financial strength. The stock slumped as much as 7.1 percent, the most since September, after revenue from debt trading, its biggest source of income, fell short of estimates ...