Tuesday, May 7, 2024

China Brokerage CICC Plans $3.9 Billion Cash Call to Fund Growth

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China International Capital Corp. Ltd., a top domestic securities firm, plans to raise up to 27 billion yuan ($3.9 billion) with a rights issue in Shanghai and Hong Kong to fund the expansion of its business amid fierce competition between Chinese brokerages.
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Israeli Troops Fight Through Rafah, Seize Border Crossing, Key Road

The Israel Defense Forces (IDF) attack on Hamas positions in Rafah, in southern Gaza, began Monday with a fight...
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