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Breakingviews - Viewsroom: UBS gets lost in translation

A star economist at the Swiss bank sparked outrage on Chinese social media after his remarks about the country’s pigs were misconstrued. UBS’s decision to put him on leave seems overdone. And: Those weighing the benefit of a Facebook cryptocurrency must ask if “In Zuck we trust.”

Breakingviews - UK tax havens’ new look has old problem

Secretive offshore UK tax havens could soon become slightly less shadowy. Jersey, Guernsey and the Isle of Man said on Wednesday they would look at requiring companies registered there to publish their real owners on a public database by 2023. The British outlying islands are expected to move things forward off the back of a 2022 European Union review, which could see other tax havens globally shamed into following suit. But it may not turn out that way.

Breakingviews - CLSA exodus leaves owner Citic with an empty shell

CLSA's exodus is leaving Citic with an empty shell. The brokerage's star analysts are being poached by rivals like Credit Suisse and Jefferies. They take with them much of the brand value China's Citic Securities paid $1.3 billion for in 2013. Such mergers tend to be messy. But the state-owned group has missed plenty of opportunities to do better.

Breakingviews - Vision Fund may be Hotel California for investors

Saudi Arabia and Abu Dhabi are involved in a high-stakes game of double or quits. The kingdom and its Gulf ally’s wealth funds jointly put up $60 billion of the near-$100 billion pledged to SoftBank Group’s giant Vision Fund. Now they have to decide whether to participate in the sequel planned by Masayoshi Son, the Japanese group’s founder. Walking away could undermine confidence in the vehicle’s current batch of startups.

Breakingviews - Mario Draghi will leave one big task undone

The European Central Bank’s annual gathering in Portugal is this year as much a celebration of its outgoing president, Mario Draghi, as a deep dive into the euro’s first 20 years. The Italian leaves his as-yet-unnamed successor one big unfinished job: pushing up stubbornly low inflation. But he is helping as much as he can before he goes.

Breakingviews - Mario Draghi will leave one big task undone

The European Central Bank’s annual gathering in Portugal is this year as much a celebration of its outgoing president, Mario Draghi, as a deep dive into the euro’s first 20 years. The Italian leaves his as-yet-unnamed successor one big unfinished job: pushing up stubbornly low inflation. But he is helping as much as he can before he goes.

Breakingviews - China infrastructure bump comes at steeper cost

Beijing’s latest infrastructure bump could come with a high price tag. Officials said they will tweak financing rules to allow local authorities to step up spending. It might add up to 4 percentage points to infrastructure investment growth this year. Stimulus is being steadily dialed up, at the cost of more debt risk.

Breakingviews - The Exchange: John Delaney

The first Democrat to bid for 2020’s presidential election has a pitch rarely heard in today’s political slugfest: that Democrats and Republicans can get along. Despite being a peacemaker, the former Maryland congressman has some punchy views on China, Big Tech and drug prices.

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