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Birkenstock aims to raise up to $1.58 bn in IPO
Birkenstock aims to raise up to $1.58 bn in IPO
by  AFP

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".

Equities retreat with US rates back in focus
Equities retreat with US rates back in focus
by  AFP

Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.

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