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Toshiba says $14 bn offer to go private set to succeed
Toshiba says $14 bn offer to go private set to succeed
by  AFP

Toshiba said on Wednesday that a $14 billion tender offer to take the troubled Japanese conglomerate private is set to succeed. "We have received a report from the offeror that the tender offer is forecasted to be successful," Toshiba said in a statement.

UK inflation in surprise drop to 18-month low
UK inflation in surprise drop to 18-month low
by  AFP

British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England could be its last for now. It comes one day after data showed eurozone inflation also slowed slightly in August.

Asian markets sink with Wall St as rate fears grow ahead of Fed
Asian markets sink with Wall St as rate fears grow ahead of Fed
by  AFP

Concerns that the Federal Reserve will have to lift interest rates again or keep them at a 22-year high for an extended period weighed on investor sentiment Wednesday as traders await the bank's latest policy decision. That has weighed on risk assets as traders contemplate a drawn out period of high rates with tech firms, which rely on borrowing to fuel growth, among the hardest hit.

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