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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.

Breakingviews - Now is the time to buy Deutsche Bank

Christian Sewing can’t catch a break. The Deutsche Bank boss has seen the German lender’s market value shrivel to just 13 billion euros. Now he is preparing to take the axe to its underperforming investment bank. Rock-bottom expectations give him scope to spring a positive surprise.

Breakingviews - UBS sets a troubling precedent in China

UBS has set a troublesome precedent in China. The Swiss bank put a senior economist on leave after misconstrued comments triggered outrage in the mainland. The episode hints at new pressures for outsiders working in China; excessive subservience, however, creates bigger headaches.

Breakingviews - UBS sets a troubling precedent in China

UBS has set a troublesome precedent in China. The Swiss bank put a senior economist on leave after misconstrued comments triggered outrage in the mainland. The episode hints at new pressures for outsiders working in China; excessive subservience, however, creates bigger headaches.

About Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. The company was founded in 1999 as Breakingviews.com and was acquired by Thomson Reuters in 2009, becoming the Reuters brand for financial commentary. Every day, we comment on the big financial stories as they break. Our expert analysis is provided by a global team of correspondents based in New York, Washington, Chicago, London, Paris, Madrid, Hong Kong, Beijing and Singapore. For the full commentary and analysis service from breakingviews.com, including regular emails containing the latest views, contact breakingviews.clientsupport@thomsonreuters.com. All opinions expressed are those of the authors.