Posts filtered by tags: BlackRock Inc[x]


Paytm Shares: BlackRock, Canada Pension Bought More Paytm Stock After Rout

Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said,asking not to be identified discussing private information. The stock climbed for a third day on T...
Tags: Travel, Ipo, Mumbai, Paytm, Blackrock, BlackRock Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, BlackRock Canada Pension

BlackRock Sees Coal, Oil Power Projects Facing Investment Challenges

ABU DHABI (Reuters) - Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director...
Tags: BlackRock Inc, ABU DHABI Reuters Coal

BlackRock to Nearly Halve Stake in Britain's THG

By Sachin Ravikumar(Reuters) -THG's second-largest shareholder BlackRock Inc is offloading nearly half its stake in the company at a 10% discount,...
Tags: Britain, Blackrock, BlackRock Inc, Sachin Ravikumar Reuters THG

#Saudi Wealth Fund Plans Green Bond, Works With BlackRock on ESG - Bloomberg

Saudi Wealth Fund Plans Green Bond, Works With BlackRock on ESG - Bloomberg Saudi Arabia’s $430 billion sovereign wealth fund plans to announce its first green debt issuance and is working with BlackRock Inc. on a framework incorporating environmental, social and governance principles.The Public Investment Fund will announce the green issuance “very soon,” Governor Yasir Al-Rumayyan said in a virtual event on Tuesday.“We’re working with many partners from all over the world, domestically and i...
Tags: Travel, ESG, Blackrock, Reuters, BlackRock Inc, JPMorgan Chase Co, HSBC Holdings Plc, Rupert Neil Bumfrey, Yasir al Rumayyan, Al Rumayyan, ESG Bloomberg, ESG Bloomberg Saudi Arabia

Soros Says BlackRock's China Investments Likely to Lose Money - WSJ

(Reuters) - Billionaire investor George Soros said BlackRock Inc investing billions of dollars into China now is a "mistake" and will likely lose...
Tags: China, Reuters Billionaire, BlackRock Inc, George Soros, Soros, BlackRock s China Investments Likely

George Soros Calls BlackRock’s China Investment ‘Tragic Mistake’

(Bloomberg) -- George Soros criticized BlackRock Inc.’s China push as a risk to clients’ money and U.S. security interests, in the...
Tags: China, Blackrock, BlackRock Inc, George Soros, Bloomberg George Soros

Amazon, Chipotle, Kroger paying up for workers who suddenly are in control

By Jordyn Holman, Leslie Patton and Peyton Forte | Bloomberg For the first time in decades, the American worker is finally in command when it comes time to talk money. There are tell-tale signs everywhere that this is so. Like the way some employers — such as Kroger, Chipotle Mexican Grill and Under Armour — are frantically pushing up hourly wages to try to retain employees. Or the way others — like Starbucks Corp. and Drury Hotels — are dangling hiring bonuses to entry-level applicants. Or the ...
Tags: Amazon, Business, Jobs, News, Labor, America, Atlanta, Bloomberg, Sport, Soccer, Iowa, Treasury, Manhattan, Janet Yellen, Starbucks, Kroger

Crypto Miner Core Scientific to Go Public Via $4.3 Billion SPAC Deal

(Reuters) -Core Scientific Holding Co said on Wednesday it would go public through a merger with a blank-check company backed by BlackRock Inc, in...
Tags: SPAC, BlackRock Inc, Crypto Miner Core Scientific, Reuters Core Scientific Holding Co

BlackRock's Stewardship Executive Cameron to Take New Role Within Firm

By Svea Herbst-BaylissBOSTON (Reuters) - Ray Cameron, a prominent executive in BlackRock Inc's investment stewardship team who oversaw the money...
Tags: Cameron, Blackrock, BlackRock Inc, Svea Herbst BaylissBOSTON Reuters Ray Cameron

Bank of America: All vaccinated staff to return to the office in September

Bank of America Corp. expects all of its vaccinated employees to return to the office after Labor Day in early September, and will then focus on developing plans for returning unvaccinated workers to its sites. More than 70,000 of the firm’s employees have voluntarily disclosed their vaccine status to the bank, Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview Thursday. The firm, which has more than 210,000 employees globally, has already invited those who have rece...
Tags: Business, New York, News, Workplace, Cdc, Banks, Uncategorized, Bank Of America, Sport, Soccer, Vaccinations, Deloitte, Jamie Dimon, Jpmorgan, Moynihan, Bloomberg Television

Biden's plan to raise corporate taxes will actually be good for American business, no matter how much CEOs whine and scaremonger about it

President Joe Biden AP Photo/Evan Vucci, File Data does not show that corporate tax cuts encourage investments, jobs or growth. Corporate tax cuts have only increased inequality and executive pay, not economic competitiveness. Higher corporate taxes will drive competitiveness and benefit all Americans. Morris Pearl is the Chair of the Patriotic Millionaires. This is an opinion column. The thoughts expressed are those of the author. See more stories on Insider's business page. With cor...
Tags: US, America, Trends, Joe Biden, Gop, United States, Biden, Blackrock, Trump, Economic Policy Institute, BlackRock Inc, Morris Pearl, Patriotic Millionaires, Biden Administration, Evan Vucci File Data, Patriotic Millionaires This

A $12.5 Billion Deal Shows #Saudi Oil Still Eclipses All Else - Bloomberg

A $12.5 Billion Deal Shows Saudi Oil Still Eclipses All Else - BloombergSaudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom.But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc. and SoftBank Group Corp. have yet to draw in the desired investment, it’s turni...
Tags: Travel, Washington, Saudi Arabia, Softbank, Bloomberg, Blackrock, Mohammed bin Salman, SoftBank Group Corp, BlackRock Inc, American Enterprise Institute, Rupert Neil Bumfrey, Karen Young, EIG Global Energy Partners LLC, COVID

Apollo Global Leads Group for $10 Billion #SaudiArabia's Aramco Pipeline Deal - Bloomberg

Apollo Global Leads Group for $10 Billion Saudi Arabia's Aramco Pipeline Deal - BloombergApollo Global Management Inc. is leading a group of investors aiming to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.The buyout firm’s consortium will include U.S. and Chinese investors and has been shortlisted to make a final offer, the people said, asking not to be identified as the matter is private. Aramco, Saudi Arabia’s state energy company, has ...
Tags: Travel, Saudi Arabia, Canada, Brookfield, Apollo, Aramco, Saudi Aramco, U S, BlackRock Inc, Brookfield Asset Management Inc, Rupert Neil Bumfrey, Aramco Saudi Arabia, Apollo Global Leads Group, Aramco Pipeline Deal Bloomberg, Aramco BlackRock

Investors BlackRock, Vanguard Join Net Zero Effort

By Ross KerberBOSTON (Reuters) - Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas...
Tags: BlackRock Inc, Vanguard Group Inc, BlackRock Vanguard Join Net Zero Effort, Ross KerberBOSTON Reuters Top

Ex-Blackrock Exec Starts Row Over Value of Sustainable Investing

By Ross Kerber(Reuters) - A high-profile newspaper op-ed by a former BlackRock Inc executive questioned the value of sustainable investing in...
Tags: BlackRock Inc, Ross Kerber Reuters

The US should copy Argentina and pass a new tax on the wealthy to help deal with the COVID crisis

RONALDO SCHEMIDT / Getty Images The US suffers from drastic wealth inequality. One popular solution is a wealth tax on the country's richest citizens, much like Argentina has done. Their one-time 2% tax on the wealthiest citizens raised $4 billion and helped fund their COVID relief efforts. Morris Pearl is the Chair of the Patriotic Millionaires and a former Managing Director at BlackRock, Inc. This is an opinion column. The thoughts expressed are those of the author. Visit Business Insid...
Tags: Senate, US, America, Trends, United States, Ronaldo, Argentina, Sen Bernie Sanders, BlackRock Inc, Morris Pearl, Patriotic Millionaires, United States?Morris Pearl

Kuaishou Is Said to Draw BlackRock, #AbuDhabi to $6 Billion IPO - Bloomberg

Kuaishou Is Said to Draw BlackRock, Abu Dhabi to $6 Billion IPO - Bloomberg Kuaishou Technology, the Chinese short-video startup, has attracted BlackRock Inc. and the Abu Dhabi Investment Authority as cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said.Capital Group Cos. and Canada Pension Plan Investment Board also committed to buy stock in the offering, the people said, asking not to be identified because the information is private. Kua...
Tags: Travel, Hong Kong, Ipo, Singapore, Bloomberg, Blackrock, BlackRock Inc, Uber Technologies Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Kuaishou, Temasek Holdings Pte, GIC Pte, Tiktok, Bytedance Ltd

BlackRock's stock set to rally after big profit beat, revenue rises above forecasts

Shares of BlackRock Inc. undefined were indicated up nearly 2% in premarket trading Tuesday, after the investment management company...
Tags: Blackrock, BlackRock Inc

Blackrock tells its 16,000 staff they must reveal romances with anyone linked to the company, not just colleagues

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York Reuters Blackrock has ordered its 16,000 employees to inform their managers of romantic, sexual, or personal relationships they have with anyone connected to the company. This covers staff from a “service provider, vendor or other third party,” including clients. Extending a relationship disclosure policy to external firms is unusual, and Blackrock's policy potentially covers hundreds of thousands of relationships....
Tags: Relationships, Finance, Trends, Investment, Intel, Policy, Dating, The Times, Wall Street Journal, Office Romance, Blackrock, Brian Krzanich, McDonald, BlackRock Inc, Jeffrey Smith, Steve Easterbrook

BlackRock power players

Palantir CEO Alex Karp. Reuters/Andrew Kelly The end of the week is in sight.So, just as I predicted, we've already had some big news hit despite it being late August. Palantir Technologies officially revealed its documents to go public (ok, Rebecca Ungarino and Becky Peterson actually predicted this one). The super secretive tech company, which is backed by Peter Thiel, will come to the public markets via a direct listing (that funky way of going public done by Spotify and Slack).Palantir ...
Tags: Apple, Facebook, Spotify, New York, US, Trends, Peter Thiel, Manhattan, SEC, Amex, Goldman, Palantir, Silver Lake, Warburg Pincus, Blackrock, Robbins

#Saudi Billionaire’s Firm Eyes Europe With U.S. Stocks Overvalued - Bloomberg

Saudi Billionaire’s Firm Eyes Europe With U.S. Stocks Overvalued - Bloomberg:The investment firm of Saudi Arabian billionaire Prince Alwaleed bin Talal is looking for deals in Europe because U.S. assets, particularly technology stocks, are seen as overpriced. “The markets are really exuberant in the United States versus Europe,” Kingdom Holding Chief Executive Officer Talal Al Maiman said in an interview with Bloomberg TV on Wednesday. “Europe is actually a much better place to invest in at this...
Tags: Travel, Europe, United States, Alwaleed Bin Talal, Citigroup Inc, BlackRock Inc, Bloomberg TV, Saudi Arabian, Lyft Inc, Alwaleed, Kingdom Holding, Accor SA, Rupert Neil Bumfrey, Snap Inc, Manulife Investment Management, Talal Al Maiman

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.
Tags: News, Corporate Social Responsibility, Poverty, Argentina, International Monetary Fund, Government Bonds, Blackrock, Fernandez, BlackRock Inc, Macri, Georgieva, Fink, Mauricio, Business Roundtable, Laurence D, Economic Conditions and Trends

BlackRock focuses on China credit, oil and travel in Asia

The world's biggest asset manager, BlackRock Inc , called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday.
Tags: Asia, Money, China, India, businessNews, Blackrock, BlackRock Inc

U.S. judge orders 15 banks to face big investors' currency rigging lawsuit

A U.S. judge on Thursday said institutional investors, including BlackRock Inc and Allianz SE's Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market.
Tags: Money, businessNews, BlackRock Inc, Allianz SE s Pacific Investment Management Co

BlackRock Lures Top Asset Managers, Wealth Funds After PNC Exit - Bloomberg

BlackRock Lures Top Asset Managers, Wealth Funds After PNC Exit - Bloomberg:BlackRock Inc. attracted some of the world’s largest institutional investors and sovereign funds when a major stake was sold this month, illustrating chief Larry Fink’s connections with deep sources of capital in the U.S., Middle East and Asia.Existing shareholders Wellington Management, Capital Group Cos. and Fidelity Investments were among those that bought shares when PNC Financial Services Group Inc. sold a $14 billi...
Tags: Travel, Saudi Arabia, Singapore, Middle East, Norway, Abu Dhabi, Bahrain, Blackrock, Riyadh, PNC Financial Services Group Inc, BlackRock Inc, Larry Fink, Fink, Fidelity Investments, Saudi Arabia Kuwait, Mohammed bin Zayed Al Nahyan

BlackRock votes to split CEO, chairman roles at Exxon Mobil

Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Tags: Money, Exxon Mobil, businessNews, Blackrock, Exxon Mobil Corp, BlackRock Inc

World’s top investors bullish on gold as hyperinflation looms — not Bitcoin

Bottomless stimulus packages and the threat of endless money printing has some of the world’s leading investors seeking shelter from inflation — but they’re choosing gold over Bitcoin. “Gold is the only escape from global monetising,” wrote famed fund manager Crispin Odey in a recent letter cited by Bloomberg. “In the short term, the money will be made on the inflation bet.” Wall Street mainstays like Greenlight Capital and Blackrock Inc. share Odey’s enthusiasm for the precious metal. Recently,...
Tags: Startups, Bloomberg, Crispin Odey, Cryptocurrency, Blockchain, Odey, BlackRock Inc, Hard Fork