SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO

SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO

SoftBank-owned British chip designer Arm Ltd will likely to aim to raise at least $8 billion from its initial public offering (IPO) in the United States this year, people familiar with the matter said on Sunday. Arm is likely to confidentially submit paperwork for what is expected to be a blockbuster US stock market launch in late April, the sources...

Reuters exclusively reported that Canada will not force Chinese investors to divest mining company stakes 

Reuters exclusively reported that Canada will not force Chinese investors to sell their stakes in three of Canada’s biggest mining firms, Teck Resources, Ivanhoe Mines, and First Quantum Minerals. Canada’s Natural Resources Minister, Jonathan Wilkinson, told Reuters in an interview that any retrospective move will create policy uncertainty. In November, Canada forced three Chinese companies to sell their stakes in...