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PSBC issues US$7.25 billion preference shares

Postal Savings Bank of China issued US$7.25 billion offshore preference shares, marking the lender’s another big funding move after its IPO last year. 
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Platform established to seek business under Belt and Road initiative

PwC today launched a membership-based platform to explore business opportunities especially in the e-commerce sector under the One Belt One Road initiative.
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Local business school signs exemption deal with IFoA

Antai College of Shanghai's Jiao Tong University signed a deal with UK-based Institute and Faculty of Actuaries to exempt qualified students from seven of 15 exams.
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Alibaba to invest 500 million yuan into Damai

Alibaba’s digital media and entertainment business group said it seeks to invest 500 million yuan (US$76 million) in Damai.cn over the next two years.
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Toys 'R' Us files for bankruptcy

Toys ‘R’ Us, the big box toy retailer struggling with US$5 billion in debt and intense online competition, has filed for bankruptcy protection.
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Baoshan Iron & Steel Co to acquire 10 percent stake in a  Shanghai rural bank

The stake in Shanghai Rural Commercial Bank Co helps the steelmaker to diversify into banking
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China-made C919 aircraft attracts new orders

Latest deal of 130 brings total orders for the 150-seat single-aisle passenger jet to 730
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Rolling Stone putting itself up for sale

Rolling Stone, the iconic 50-year-old magazine of music and counterculture, is putting itself up for sale amid an increasingly uncertain outlook, its founder said.
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Ryanair admits mess-up over canceled flights on lack of pilots

The Irish budget airline is canceling up to 50 flights a day over the next six weeks because it “messed up” its pilots’ holiday schedules
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Zhong An Online Property & Casualty Co, China's first online insurer,  eyes up to US$1.5 billion in IPO in Hong Kong

Funds raised to replenish capital while insurer expects to invest further in technology and develop more products to sell to other insurers