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(Reuters) - Former Israeli president and elder statesman Shimon Peres died in Tel Aviv on Wednesday aged 93, the official government Israel News Agency reported. Peres was hospitalized following a stroke two weeks ago and had made some progress before a sudden deterioration in his condition on Tuesday. Details of when the funeral will take place were not initially available. (Reporting by New York and Washington Desks)
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.