Bloomberg Warburg Pincus, the private equity firm that’s been betting on the growth of the Asian logistics sector, is forming a joint venture to develop industrial properties in Vietnam. The New York-based firm and Vietnam’s Investment & Industrial Development Corp., the state-owned firm known as Becamex IDC, are committing more than $200 million to the partnership, Warburg Pincus said in ...

Bloomberg Millions of Chinese cram onto trains to make the annual pilgrimage home for the Lunar New Year holiday. It’s a crowded and often uncomfortable experience that is rapidly being transformed by the country’s push into the world of high-speed rail. China already has the globe’s longest bullet-train network, but it’s plowing 3.5 trillion yuan ($556 billion) into expanding its ...

Bloomberg US President Donald Trump proposed a $4.4 trillion federal budget for fiscal 2019, a plan Congress is expected to all but ignore that would slash entitlements and other domestic programs in favour of higher spending on the military and immigration enforcement. Trump’s $686 billion defense request for the coming fiscal year would propel the Navy towards a new goal ...