Bank of Bejing sets world record for oversubscription

Bank of Beijing has drawn a world record number of orders for its $2bn initial public offering in a welcome boost to the Shanghai stock exchange, which has suffered falls this week on expectations that investor appetite is slowing.

The Chinese bank drew $253bn (€182.4bn) of orders for the sale. The deal was priced at 12.50 yuan a share, the top of its indicative range.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached