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Postal Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse Wednesday, despite notching up the world's biggest IPO in two years aimed at expanding the business. China's fifth-biggest lender raked in a colossal $7.4 billion in the flotation, with a report in the Chinese language financial news portal Caixin saying a fund linked to investment guru George Soros was among the initial investors. "We have already got a lot of Chinese banks in the market.
WASHINGTON (AP) — Current and former world leaders mourned the passing of Shimon Peres early Wednesday, praising him as a patriot, visionary statesman and man of principle who was deeply committed to pursuing peace in a region that has mostly eluded it.