Word: offerred
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...China's two mainland capitals of capitalism, it's raining money. The relentless increase in stock prices in both Shanghai and Shenzhen - the former has tripled in value in just the last 18 months - has triggered a stampede of companies in China to offer their shares to a public that has a ravenous appetite for them. Astonishingly, according to a forecast just out from Price Waterhouse Coopers, a global consulting firm, the two main equity markets in China will raise $52 billion in capital this year in initial public offerings (IPOS), more than double the amount forecast at the start...
...those investors have been starving for places to put their money. China, economists estimate, has nearly 30 to 40 trillion in RMB savings. "People have been accumulating wealth and are desperate for good investment opportunities," says Sun. But China's banks offer paltry interest rates on deposits, so for much of the past decade, Chinese poured money into the real estate market. In part, says Sun, that's because "all the good companies in China were listing in Hong Kong," which until very recently was off limits for the vast majority of Chinese investors. The result, in the first half...
...also chart battles over Kosovo when Britain chafed at U.S. reluctance to commit ground forces to the conflict. "There were times that Tony and Alastair forgot the relative size and importance of the two countries," says a former U.S. official. "It was all well and good for Britain to offer up ground troops, but that was only going to happen if America was going to do so, too." During one angry call to Blair, Clinton accused Campbell of briefing against him. The row blew over and Campbell remains a friend and fan of the former President, remarking only half-jokingly...
Johnston's release was won through strong-arm tactics. A senior Hamas militant told TIME that Johnston's kidnappers, the Army of Islam, were made an offer they couldn't refuse: either they let the Briton go, or they would be hunted down and killed. The group, linked to the powerful Gaza Dogmush clan and its coterie of gunrunners and criminals, had its compound surrounded by 6,000 Hamas gunmen in the 48 hours before Johnston's release...
...Facebook opened its online platform to anyone who wants to build applications for it, from music-sharing services to carpool arrangers, making it a potentially much more useful tool. Some in Silicon Valley wonder excitedly if the company--which reportedly turned down a billion-dollar buyout offer from Yahoo! last year--might become not just the hottest tech IPO since Google but also the next major stage in the Web's evolution. First there was the browser, then the search engine. Now we'll move on to what Zuckerberg calls the "social graph," the filter of personal connections that defines...