Softbank Corp. (Japan) Stock News

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Softbank is looking to sell Arm to US chip giant Nvidia for £30billion but the deal has faced opposition and a string of regulatory investigations.

The post Nvidias latest earnings report is the nail in the coffin for $40 billion ARM deal appeared on BitcoinEthereumNews.com . Nvidias (NVDA) $40 billion deal to purchase the U.K.-based chip developer ARM from SoftBank is all but dead. Thats at least what Susquehanna senior equity analyst Chris Rolland took away

SenseTime has got the green light from the Hong Kong stock exchange to proceed with its flotation, according to people familiar with the transaction, taking the largest artificial intelligence (AI) company in China a step closer to its US$2 billion initial public offering.A launch of the deal before the year-end would put SenseTime backed by SoftBank Group, Temasek Holdings and Alibaba Group Holding, the owner of the Post in potential competition with another mega-sized issuer, China

Some of the key speakers in the event include Reliance Industries Chairman and MD Mukesh Ambani, SoftBank Chairman and CEO Masayoshi Son and Infosys co-founder Nandan Nilekani.

General trend EUR/USD trades slightly lower after prior gain. Copper FUTs rise over 1%. US equity FUTs rise after mixed session on Wall St. US Fed Chair announcement in focus. Nikkei has traded modestly higher, little reaction seen to stimulus confirmation; Index heavyweights lag [Fast Retailing and Softbank Group]. Hang Seng TECH index has dropped [] The post UK Retail Sales Due Later Today appeared first on Action Forex .

SoftBank Group Corp. (OTCMKTS:SFTBF) was the recipient of a significant increase in short interest in October. As of October 29th, there was short interest totalling 979,300 shares, an increase of 115.2% from the October 14th total of 455,000 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is currently 55.6 days. []

SoftBank Group Corp (OTC: SFTBY ) (OTC: SFTBF ) and Alibaba Group Holding Ltd (NYSE: BABA ) backed Indian fintech giant Paytm lost more than 27% on its trading debut, TechCrunch reports . The 11-year-old company has sold itself as India''s equivalent to Chinese financial groups like Alibaba-backed Ant, with businesses in everything from mobile payments, insurance, bank deposits and remittances, and fantasy sports to gold trading, Financial Times reports . However, domestic institutions, Full story available on Benzinga.com

India''s Biggest Ever Initial Public Offering Crashes 27% On IPO Day Just like the rest of global equity markets, 2021 has been a monumental year for Indian stocks and it culminated overnight with the nation''s biggest ever IPO, when One97 Communications Ltd, the entity that operates Indian digital payments platform Paytm, went public at a price of 2,150 rupees per share, the top of a marketed range. The digital payments company raised 183 billion rupees ($2.5 billion), India''s largest ever IPO when measured in local currency, surpassing Coal India''s in 2010. That IPO was worth 155 billion rupees ($3.48 billion), according to data from Refinitiv Alas, the party then quickly died when PayTM shares opened below the 2,150 rupees ($28.60) issue price, before closing down a whopping 27% at 1,564 rupees ($21). According to some analysts, the post-break flop reflects fears about Paytm''s business: the company, which is now worth almost $14 billion, lost hundreds of millions of dollars last year and seems far from ready to turn a profit.

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) and Alibaba Group Holding Ltd (NYSE: BABA) backed Indian fintech giant Paytm lost more than 27% on its trading debut, TechCrunch reports. The 11-year-

TOKYO: Japanese shares reversed early gains on Wednesday as concerns over rising costs and a weaker yen outweighed gains made by technology heavyweights after a strong finish on Wall Street. The Nikkei share average fell 0.4% to 29,679.68 by 0201 GMT, while the broader Topix lost 0.55% to 2,039.51. Earlier in the session, the Nikkei had gained 0.3% and the Topix had risen 0.2%. Overnight, all the three major indexes on Wall Street closed higher on the back of upbeat retail sales data. Japanese shares rise on bargain hunt, cost worries hurt risk appetite "The yen''s weakness against the dollar is good for some companies but also a negative factor for others. Now, investors are focusing on the latter, especially because materials costs are rising," said Yutaka Miura, a senior technical analyst at Mizuho Securities. "But declines in Japanese shares are limited thanks to the solid performance of the US market." The dollar rose to a 16-month high overnight after data showed US consumers looked past rising prices and drove retail sales higher than expected last month.

We need to be faster due to competition, many investors can now put $100-300 million in India: SoftBanks Munish Varma

LONDON :Britain on Tuesday ordered an in-depth investigation of Nvidia Corp''s planned US$50 billion-plus acquisition of UK-based chip designer Arm from Japan''s SoftBank over antitrust and national security concerns.Digital Secretary Nadine Dorries said Britain''s Competition & Markets Authority (CMA) would inv

Three giant conglomerates announced their breakups in the past week. All of them are seeking to put their recent past behind them. Why it matters: GE, Johnson & Johnson, and Toshiba weren''t the last of the conglomerates. Giants both old and new remain. (Think 3M, or Softbank.) In today''s financially-optimized stock market, however, the arguments for internal diversification have mostly lost the day. Driving the news: GE is splitting into three parts; J&J is splitting into two; Toshiba is splitting into three. In each case, the newly-independent businesses are going to be a lot easier to describe than the sprawling corporate octopi from which they descended. The big picture: When a company underperforms on the stock market, there are often calls to break it up. (See Shell for a recent example.) Financial analysts look at how much each of the component parts would be worth as standalone companies, and calculate that the current whole is worth much less than the sum of the parts. Senior managers generally resist such moves, but an extended period of disappointing stock returns will weaken their position.

DJI Technology, the Chinese drone maker which accounts for around 70% of the world''s consumer drone market , released two new agricultural drones, T40 and T20P, yesterday. The two products adopt a new operating system and were optimized for fertilizer spreading and fruit tree spraying. These crop-spraying drones free up farmers from their tedious labor, reduce waste and increase efficiency. Both products support remote map building, users can customize routes for their drone according to their land layout from their phones. The drones are also equipped with active radar and binocular vision system, further enhancing obstacle recognition and avoidance capability. According to Chen Tao, Senior Sales Director of DJI, the T40 and T20P stem from DJI Agriculture''s years of technological breakthroughs and industrial insights in the field of agricultural drones. Technology is reshaping the landscape in China''s agriculture industry. Spraying pesticides, spreading fertilizers, sowing and harvesting, all the time-consuming labor that used to be nightmares for farmers, are now taken over by drones and autonomous vehicles.