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Vietnam’s getting rich, and private equity is noticing

From fish sauce to dairy, lumpy investment bets in Vietnam have typically been placed on the country’s teeming working class and its growing propensity to consume. Warburg Pincus has already been there and done that. The US buyout firm is now using its web of connections to wager on the nation’s new rich. The $370 million check it’s writing for ...

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World’s poor need real homes, not grand monuments

This year’s Pritzker Prize winner Balkrishna Doshi is best known for Aranya, a low-cost housing project in the central Indian city of Indore Here in the City of London, you can step out of Bank underground station and walk half a mile in any direction to see what Pritzker Prize-winning architects can do when they push themselves. At Bank intersection ...

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PBOC gains more power in Xi’s regulatory overhaul

Bloomberg China is giving its central bank the power to write the rules for the financial sector, as part of a swee-ping overhaul aimed at closing regulatory loopholes and curbing risk in the $43 trillion banking and insurance industries. The China Banking Regulatory Commission and the China Insurance Regulatory Commission will be mer-ged in the biggest industry overhaul since 2003. ...

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