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

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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...

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Canada’s Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil 

Reuters was first to report that Canadian oil and gas producer Baytex Energy Corp was nearing a deal to acquire U.S. peer Ranger Oil Corp for around $2.5 billion including debt. The deal, which was announced the following day, significantly boosts Baytex’s presence in South Texas’ Eagle Ford shale basin, which currently represents around 30%...

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Mexico’s Pemex increased gas flaring at top field, despite pledge to stop

Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post <strong>Mexico’s Pemex increased gas flaring at top field, despite pledge to stop</strong>...

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Russia plans deep March oil export cuts

Reuters exclusively reported that Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said. Russia had already announced plans to cut its oil production by...