UK-based chip maker Arm has submitted a registration statement for an initial public offering (IPO) on the Nasdaq exchange. In a press release, Arm Holdings Limited ("Arm") stated that it has submitted a Form F-1 registration statement to the SEC regarding a planned initial public offering (IPO) of American Depositary Shares ("ADSs"), which represent its common stock. Arm has submitted an...

The assets of gold exchange-traded funds have increased by at least 2.8 thousand tons since March 2020. Due to growing anticipation of further hikes in the Federal Reserve System's benchmark rate, interest in metals is dropping as US Treasury bond yields rise to multi-year highs. As a result, the price of gold decreased to a five-month low and stabilized around $1900 for a troy ounce. The...

According to APA Corporation's CEO John Christman, the company "looks forward to government support to continue expanding its presence in the Egyptian market." In 2024, the US company APA Corporation plans to invest over $1.4 billion to construct projects in Egypt's oil industry, said by the Arab republic's Cabinet of Ministers following the outcomes of discussions held in Cairo between the...

6.9% price reductions were introduced in the premium S and X model categories, the newspaper claims. Tesla has reduced the price of models made for the Chinese market in an effort to take up more market share and unseat regional rivals, writes The Financial Times. On Monday, the business "reduced the prices of various models of electric cars," including by 6.9% in the area of premium models S...

UBS has agreed to pay $1.435 billion to resolve claims from the United States that it deceived investors into purchasing problematic mortgage-backed securities. The Justice Department announced that it has received more than 36 billion in administrative fines from 19 banks, mortgage originators, and rating agencies for packaging residential mortgage-backed securities before the crisis, selling...

Sega is one of Japan's top producers of video games and associated technology. The maker of the well-known smartphone game Angry Birds, the Finnish firm Rovio, will sell 96.3% of its shares to the Japanese conglomerate Sega.  "We are notifying that our group company Sega Europe Limited will acquire approximately 96.3% of Rovio's shares, making it a company within our group," Sega’s...

According to Reuters, Japan's SoftBank Group is in discussions with Amazon about becoming an anchor investor in the Arm semiconductor company. Reuters reports, citing sources, that Amazon is in discussions with Japan's SoftBank Group on the initial public offering of British chip company Arm and may end up being its anchor investor. The Japanese holding company has increased efforts in the past...

According to sources cited by the Financial Times newspaper, major Chinese companies are rushing to purchase chips from US manufacturer Nvidia, having already placed orders for $5 billion in total. The US may soon impose restrictions on the export of chips used in artificial intelligence (AI) technologies to China. The newspaper reports, citing anonymous sources, that "Chinese internet giants are...

According to Handelsblatt, the German government anticipates contributing €5 billion to help with the plant's construction. Dresden will become a manufacturing hub for Taiwan Semiconductor Manufacturing Company (TSMC), reports the Handelsblatt daily referring to sources within the Federal Republic of Germany's government. The final choice is anticipated to be decided during the TSMC Board of...