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Asian markets rose as US inflation soothes rate fears for now
Asian markets rose as US inflation soothes rate fears for now
by  AFP

A mixed US inflation report boosted Asian markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year's end. They will remain open to further rate hikes, if needed."

Chip designer Arm targets $52 bn valuation in year's largest IPO
Chip designer Arm targets $52 bn valuation in year's largest IPO
by  AFP

British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the "ARM" ticker.

Former Starbucks CEO Schultz steps down from board
Former Starbucks CEO Schultz steps down from board
by  AFP

Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain's board of directors "as part of a planned transition." In 2017, Schultz stepped aside as chief executive after his second tenure, handing the reins to Kevin Johnson.

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