Culture
BlackRock cuts value of private debt fund by 19%, waives fee
A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of troubled loans weighed on…
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BlackRock
Culture
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Culture
Goldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a…
Business
Fact Check: NO EVIDENCE Zelenskyy Invested $500 Million, $1.5 Billion 'Of His Own Money' In Ski Resort In Western Ukraine -- Project's Developer Denies His Involvement
Did President of Ukraine Volodymyr Zelenskyy invest $500 million or $1.5 billion "of his own money" in "a ski resort in Western Ukraine"?…
Culture
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Culture
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Culture
BlackRock loses US$17 billion mandate at Dutch pension fund PFZW
BlackRock has lost a mandate worth US$17 billion with one of the largest pension funds in the Netherlands, amid concerns the world’s…
Culture
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek’s participation comes after the Kuwait Investment Authority joined earlier in June Temasek has joined a consortium backed by…
Culture
BlackRock resumes talks with companies following SEC guidance
BLACKROCK has restarted its investment stewardship meetings with companies after a short pause used to assess new US Securities and…
Culture
BlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the…
Fashion
BlackRock to list Bitcoin exchange-traded product in Europe
BLACKROCK, the world’s largest asset manager, is preparing to list an exchange-traded product (ETP) tied directly to Bitcoin in Europe,…
Fashion
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…
Fashion
BlackRock plans to hire 1,200 people for ramp-up in India
BLACKROCK plans to hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence (AI)…
Culture
BlackRock faces new deadline from US regulator over bank stakes
BLACKROCK is facing a new demand from a top US regulator over its stakes in banks after the asset manager failed to meet a January…
Fashion
BlackRock leaves major climate group amid Wall Street exodus
BLACKROCK is parting ways with one of the world’s biggest climate investor groups after being targeted by Republican politicians for its…
Culture
BlackRock to cut about 1% of its employees; asset managing giant has over 20,000 staff
BLACKROCK told employees it’s cutting roughly 1 per cent of its workforce after it committed more than US$25 billion for acquisitions last…
Fashion
BlackRock becomes Yangzijiang Shipbuilding’s substantial shareholder
Asset manager acquires 10.8 million shares of maritime vessel maker for an unknown amount of consideration ASSET manager BlackRock is…
Fashion
World’s biggest asset manager BlackRock is now Yangzijiang Shipbuilding substantial shareholder
BlackRock, which manages over US$10 trillion in assets, acquires 10.8 million shares of maritime vessel maker to raise its deemed interest…
Culture
BlackRock is near deal to buy private credit manager HPS
BLACKROCK is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as…
Fashion
BlackRock has deal to buy private credit manager HPS: report
BLACKROCK has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday (Nov 27).…