LONDON — HSBC's London-listed shares tumbled over 6% when the markets opened on Thursday after a privatization bid for its Hong Kong–based subsidiary Hang Seng Bank.The pan-European Stoxx edged lower after the opening bell, down 0.15% as of 8:30 a.m. (3:30 a.m. ET).Europe's largest lender, HSBC, put forward a privatization proposal to shareholders for Hang Seng on Thursday. It is a controlled shareholder of the bank with a 63% stake."If approved, Hang Seng will become a wholly owned subsidiary of HSBC Asia ...

Japanese investment group SoftBank said it's paying $5.3 billion for the robotics division of Swiss-Swedish engineering company ABB to advance a bet on what it calls artificial super intelligence. ...

SoftBank Group said on Monday it would acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, marking one of its most ambitious bets yet on the convergence of artificial intelli... ...

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025.SoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays.The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as a separately listed c ...