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UK to move ahead on nuclear project sans China support

Bloomberg The UK government is planning to press ahead with its flagship Sizewell C nuclear project even without Chinese funding, according to a person familiar with the situation. The proposed 20 billion-pound ($27.5 billion) plant in eastern England is still viable, despite the government exploring ways to remove state-owned China General Nuclear Power Corp from all future projects in the ...

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Credit Suisse pushes deeper into China with IPO underwriting

Bloomberg Credit Suisse Group AG is pushing deeper into China with plans to extend underwriting of initial public offerings (IPOs) even as markets are roiled by Beijing’s crackdown on the booming financial technology and private education industries. The Swiss lender plans to sponsor initial public offerings (IPOs) on the Nasdaq-like Star Market Board in Shanghai, Tim Tu, head of the ...

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TD makes its debut deal in growing loonie hybrid debt market

Bloomberg Toronto-Dominion Bank (TD) raised C$1.75 billion ($1.39 billion) in its inaugural sale of limited recourse capital notes (LRCNs), taking advantage of the fast growing market for the Canadian dollar-denominated hybrid securities first sold one year ago. Toronto-Dominion, Canada’s largest bank by assets, priced the transaction at the tight end of guidance after drawing orders covering the offering by more ...

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