PSBC raised $7.4 billion with the listing, which is the biggest since Chinese internet giant Alibaba floated in New York in 2014, raising $25 billion. Bank chairman Li Guohua described the launch as an "important milestone" for the company. Analysts attributed the lukewarm interest in the IPO to the recent flat performance of large Chinese financial firms on Hong Kong's bourse.
Montreal (AFP) - Canada approved a Can$36 billion ($27 billion US) project by Malaysia's Petronas to build a gas pipeline along its Pacific Northwest coast, one of the biggest infrastructure projects in the country's history.
HOUSTON (AP) — J.J. Watt has re-injured his back, according to a person familiar with his condition, and the Houston Texans expect the star defensive end to be sidelined until at least December, and possibly the entire season.