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Softbank-Owned Chip Designer Arm to Reportedly Shift Shares of Its Rebel China Unit to Speed Up IPO
Arm is set to transfer shares in its China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports.
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Asia-Pacific Stocks Mostly Rise; Japan Warns Against Rapid Yen Weakening as It Hovers Near 6-Year Low
The yen was in focus for investors, after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25%
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Grocery Start-Up Gopuff Partners With UK Retail Giant Morrisons for Speedy Deliveries
Grocery delivery start-up Gopuff has partnered with Morrisons in the U.K. to deliver goods from the retail giant in a matter of minutes.
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Japan's Nikkei 225 Closes 3% Higher as SoftBank Group Shares Surge 7%
Japan’s Nikkei 225 rose 3% on Wednesday, closing at 28,040.16 as shares of SoftBank Group jumped 7.22% while Fast Retailing climbed 5.21%.
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GM to Buy SoftBank's Stake in Cruise Self-Driving Unit for $2.1 Billion
GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion.
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Hong Kong's Hang Seng Index Soars 7% as Tech, Property Stocks Surge; Japan's Nikkei Up More Than 3%
Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 7.04% to close at 21,501.23 and erasing heavy losses from earlier in the week.
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Microsoft Dives Into Web3 With Investment in Ethereum Co-Founder's Start-Up ConsenSys
ConsenSys has raised $450 million in a funding round backed by the likes of Microsoft, SoftBank and Temasek.
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SoftBank's Arm Plans to Cut Up to 1,000 Jobs After Collapse of $40 Billion Nvidia Deal
Widely regarded as the jewel in the crown of the U.K. tech sector, Arm employs employs around 6,400 people worldwide.
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Didi's 44% Stock Plunge Leaves SoftBank and Uber With Diminishing Returns
SoftBank and Uber have seen their Didi shares plummet in value already, and now they’re sinking further on a potential threat from Chinese regulators.
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Japan's Nikkei Falls 2% as Shares in Asia Decline; Chinese Tech Stocks in Hong Kong Drop
The Nikkei 225 in Japan fell 2.05% on Friday, shedding some of its nearly 4% gain on Thursday, with shares of conglomerate SoftBank Group dropping 6.21%.
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Hong Kong and Japan Drop More Than 2% as Asia Stocks Slide; Investors Monitor Ukraine-Russia Developments
Shares in Asia-Pacific slipped on Friday as investors remained on edge over Russia’s invasion of Ukraine.
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Pressure Mounts on SoftBank to Consider Dual Listing of Arm
Arm is widely seen as the jewel in the crown of the U.K. tech industry and several people want it to be listed in its home country.
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Japan's Nikkei Falls More Than 2% as Investors Monitor Ukraine Tensions; Oil Rises Over 1%
Fears of a Russian attack on Ukraine led major indexes on Wall Street to plunge on Friday, with the Nasdaq Composite falling nearly 3%.
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SoftBank's Long-Term Investment Strategy May Benefit in the Current Interest Rate Environment, Says CLSA
Shares of Japan’s SoftBank Group surged more than 5% on Wednesday after it announced a day earlier that it will seek a potential listing for its Arm unit.
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London Set to Miss Out on Another Hot Tech Listing as SoftBank Eyes U.S. for Arm IPO
Arm, the crown jewel in the U.K. tech industry, is set to shun its home stock market.
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Hong Kong's Hang Seng Index Leads Gains as Asia Markets Rise; SoftBank Group Shares Soar Almost 6%
The Hang Seng index in Hong Kong soared 2.06% on Wednesday, leading gains among Asia-Pacific’s major markets.
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Doomed From the Start? Why Nvidia Failed to Buy Arm From SoftBank
The semiconductor giants issued a joint statement Tuesday saying the deal has been scrapped due to “significant regulatory challenges.”
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Asia-Pacific Stocks Struggle for Direction as Investors Assess Inflation and Monetary Policy Outlook
Shares in Asia-Pacific were mixed on Tuesday, with Chinese stocks being among the biggest losers regionally.
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Asia-Pacific Stocks Rise as Australia Maintains Cash Rate; India Announces Budget
Markets in mainland China, Hong Kong, South Korea and Singapore are closed for a holiday.
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SoftBank Confirms Departure of COO Marcelo Claure, Names New CEO for International Unit
CNBC’s Andrew Ross Sorkin and Alex Sherman reported Thursday that Claure was preparing to resign from the company, citing people familiar with the matter.