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In June, Hassan Rouhani won the Iranian presidential election with an outright majority — as a centrist candidate with a platform of patching up relations with the West. Ahmadinejadâs retirement is perhaps an even greater addition by subtraction. While itâs important to remember that the buck stops with the Ayatollah, Rouhaniâs election could usher in a reset in negotiations, and perhaps a modest deal, likely in the form of inspections and a slowdown in enrichment in return for reduced economic sanctions.
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Several brokerages raised their valuation on Alibaba becauseof the strong earnings growth, pegging it as high as $120billion, above the $100 billion valuation put on Facebook beforeits IPO last year. Yahoo has a market capitalisation of about$32 billion.