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Sept 5 (Reuters) - SoftBank Group's (9984.T) Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece and is looking to raise up to $4.87 billion at the top of the range, Arm said in a regulatory filing.The valuation that Arm is chasing now represents a climb-down from...

People wearing face masks following the coronavirus disease (COVID-19) outbreak are seen inside a Neta U car by Hozon at the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 27, 2020. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG/SYDNEY, Sept 1 (Reuters) - Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.Hozon's...

No steps on spending needed to contain deficit for now-VargaBut gov't will review in Sept and act if necessaryVarga says he'd like to leave 3.9% deficit target intactStable forint crucial for economic players to plan-ministerCEE states can again be fastest growing EU region-VargaBUDAPEST, July 20 (Reuters) - Hungary's annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga told Reuters, adding that no further measures were needed to contain the budget deficit for now.Prime Minister Viktor Orban's government is struggling...