October 27 , 2020 - Biz in 60

Ant Group to raise $34.5B in world's biggest IPO The Chinese financial technology company, Ant Group, has set the price for its shares.. ahead of what's expected to be the biggest initial public offering of all time. The dual-listing in Shanghai and Hong Kong will raise around 34-and- a-half billion dollars.. topping the 29.4-billion- dollars raised by Saudi Aramco last year. Ant Group is expected to start trading on the 5th of November. Japan aims to be carbon neutral by 2050 Japan's prime minister, Yoshihide Suga, has set an ambitious target for his country to become carbon neutral by 20-50. In his first policy address to parliament since taking office last month, Suga said that going green would be a source of growth instead of a drag on the economy. The declaration follows China's recent pledge of carbon neutrality by 20-60. Shares in Samsung, affiliates rise after chairman's death Shares in Samsung and its affiliates rose after the death of chairman Lee Kun-hee sparked hopes for higher dividends and long-awaited restructuring. Lee has been credited with turning Samsung into a global technology and industrial powerhouse when he took over in 1987. According to Korea Investment & Securities, his heirs could face an inheritance tax bill of nearly 10-billion- dollars.