Word: capped
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...Bank of China (ICBC). Despite the fact that Chinese banks are known for their lack of transparency and weak management, ICBC was a wild success. Its share price at one point soared 70% above its initial offering price of 39? in Hong Kong. That pushed the bank's market cap so high that for a while it was valued as the second largest financial institution in the world behind giant Citigroup. The appetite for China stocks has encouraged other big corporations to tap the market. Analysts say they're expecting China Mobile, the world's largest mobile-phone company...
...Bank of China (ICBC). Despite the fact that Chinese banks are known for their lack of transparency and weak management, ICBC was a wild success. In Hong Kong, its share price at one point soared 70% above its initial offering price of 39¢. That pushed the bank's market cap so high that for a while it was valued as the second largest financial institution in the world, behind Citigroup...
...acts of the new Democratic Senate a nonbinding resolution condemning a troop increase in Iraq. Others want action, not just words. On the presidential side of the party, Hillary Clinton has gone at breakneck speed from being a mild critic of the war to calling for a legislated troop cap and threatening to cut off funds for the Iraqi army. Obama and John Edwards are cheerfully one-upping her by demanding a firm schedule for withdrawing U.S. troops from Iraq. What happened...
...have worked to London's benefit. From Russian Big Oil (Rosneft) to a Peruvian silver mining group (Hochschild), international businesses together raised $19.6 billion on London's exchanges last year. The number of international firms on the lse's Alternative Investment Market (aim) - the lightly regulated bourse for small-cap companies - has doubled in the past two years to more than 300 (prompting accusations from the n.y.s.e. that aim lacks rigorous enough standards; the lse said the claims appeared "to indicate a misunderstanding about the operation and regulation of aim.") The lse has intentionally concentrated its attention on companies from...
...haughty of glance, with an apartment, where else, on elegant Avenue Foch. She was the American-born Baroness Stephania von Kories zu Goetzen, still stunning at 47, possessed of digs on the Left Bank fully as grand as his. They were seen everywhere, usually together, at Gstaad or Cap d'Antibes in season, and at other times in the toniest watering holes of the capital. Only recently the Paris magazine Officiel de la Couture et de la Mode had ranked them among the most elegantly dressed members...