| Bank of Communications starts IPO price bidding
BEIJING, April 18 (Xinhua) -- The Bank of Communications, China's fifth-largest lender, began Wednesday to accept bids that will determine the price of shares in its initial public offering. The bidding will last till next Monday in major Chinese cities of Shanghai, Beijing, Shenzhen, and Guangzhou, said the Kong Kong-listed bank in a statement to the Shanghai Stock Exchange on Wednesday. It said the offer will be open to subscribers from institutional investors next Tuesday and Wednesday and those from retail investors next Wednesday, adding the IPO will be priced next Thursday. The bank, in which HSBC Holdings Plc. holds 19.9 percent stake, plans to issue 3.2 billion A-shares, accounting for 6.5 percent of the expanded stock capital.
Buyers question practices of cruise ship art auctions
Like thousands of tourists, Gary and Olga Holloway went on a Caribbean cruise for relaxation. The Scottsdale couple also wound up learning about fine art thanks to Park West at Sea, a company that conducts onboard auctions.
Before the trip was over last June, they had spent $17,836 on three limited-edition prints by Rembrandt van Rijn, plus one by Dali.
Gary Holloway was thrilled with his sophisticated investment, backed by appraisals and letters of authenticity. .
Bidding Joe Savage a sad goodbye
Willing their eyes not to well, clenching their jaws lest a sob slip out, Joseph Savage's friends and family carried his body into the church. Carefully, slowly, they parted a crowd of 500 or more to gently, awkwardly, place his casket before an altar still white with Easter lilies. Joe died in a fire in the basement of his Walden home on Friday. He had come home late from a friend's house, unbeknownst to his family, and had fallen asleep downstairs. The rest of the family escaped, not knowing there was one more to account for. Fire officials have not released the cause of the blaze. There is something to be said for a volunteer department that hoists an American flag from the top of its ladder trucks, letting the fabric snap in the stiff crosswinds over the road to the cemetery.
Rare Welsh art to be offered up for auction
A collection of rare Welsh art will go under the hammer this evening as the Oriel Washington Gallery in Penarth plays host to Antiques Roadshow auctioneer Philip Taubenheim. There has been unprecedented interest from potential collectors, including the National Museum of Wales, for the 100 lots, which include Brenda Chamberlain's Girl with Cat. Contemporary figures such as Dan Llywelyn Hall and Neale Howells are also featured, and The Arts Council of Wales has donated 10 key works from the 1970s. There is also an important work from the war artist Ray Howard-Jones, unseen for more than 30 years, and two watercolours by Sir Kyffin Williams, painted 30 years apart. .
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