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SoftBank supremo eyes rare success with Arm IPO
SoftBank supremo eyes rare success with Arm IPO
by  AFP

Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times. The Arm IPO, this year's biggest flotation, is proving popular and is 10 times oversubscribed, prompting SoftBank to consider raising the price, according to reports.

Most Asian markets drop as uneasy traders await key data
Most Asian markets drop as uneasy traders await key data
by  AFP

Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone. Equities have struggled so far this month on concerns that recent figures pointing to a resilient economy and jobs market will pressure the bank to tighten once more this year as it looks to defeat inflation.

Alexander McQueen designer Sarah Burton quits after two decades
Alexander McQueen designer Sarah Burton quits after two decades
by  AFP

British fashion house Alexander McQueen is losing its artistic director Sarah Burton who has been in charge for more than 20 years, parent company Kering announced on Monday. The 49-year-old British designer took over the reins after the suicide of its founder, Lee Alexander McQueen, in 2010.

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