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A breadwinner, a homemaker and a laptop

  As millennials slowly age into family life, they’re faced with two daunting financial challenges: the rising cost of housing and the high cost of child care. One way to deal with these challenges is to use technology-enabled remote work so parents can live and work in cheaper small towns like their elders did generations ago. Annual growth in home ...

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Modi to open 16-storey bourse to rival Singapore, Hong Kong

  Bloomberg Prime Minister Narendra Modi is set to inaugurate an international exchange in Gujarat state’s new finance zone, seeking to grab some of India’s $48 billion in offshore banking activities from Singapore, Dubai and Hong Kong. The India International Exchange, at the bottom of a 16-storey building that dominates the finance zone, will start trading single stock and equity ...

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China reserves slumped $320 billion in 2016 as yuan tumbled

  Bloomberg China’s foreign currency holdings fell for a sixth month in December, bringing last year’s drop to $320 billion as the yuan posted its steepest annual slide in more than two decades. Reserves decreased $41.1 billion to a fresh five-year low of $3.01 trillion, the People’s Bank of China said. That was in line with estimates in Bloomberg’s survey ...

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