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Business 14 Mar 2017 | 12:00 AM

BlackRock to exert new pressure on companies

BOSTON: BlackRock Inc, which wields outsized clout as the world’s largest asset manager, planned to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.

Business 14 Jul 2016 | 10:48 PM

BlackRock profit falls as shift from stocks hits fee revenue

NEW YORK: BlackRock Inc's profit fell 3.7 percent in the second quarter as global market turmoil spurred investors to shift from stocks to cash and bonds, hurting fee income at the world's largest asset management company.

Business 09 Feb 2018 | 12:00 AM

BlackRock may seek US$10bil to buy company stakes

LOS ANGELES: BlackRock Inc, the world’s largest money manager, is seeking to raise more than US$10bil to buy and hold stakes in companies.

Business 06 Sep 2016 | 10:40 PM

US regulators allow BlackRock funds to lend to one another

NEW YORK: BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said on Tuesday.

Business 10 Dec 2015 | 12:00 AM

BlackRock on spending spree

BERLIN: BlackRock Inc, the world’s biggest asset manager, plans to buy as much as 2.5 billion euros (US$2.7bil) of continental European properties over three years – more than doubling its pace of investment – as its clients seek to take advantage of a weak euro.

Business 15 May 2017 | 12:00 AM

BlackRock switch helps pass 'historic' climate measure

BOSTON: BlackRock Inc said it voted in favour of a successful shareholder proposal calling for more climate change reporting by Occidental Petroleum Corp, in the first sign the world’s largest asset manager was backing up its tough new talk on environmental matters.

Business 22 Aug 2016 | 10:58 PM

World's largest asset manager, BlackRock upgrades outlook for emerging market stocks

NEW YORK: BlackRock Inc said on Monday it is upgrading its view on emerging market stocks, adding that the equities will continue thriving as central banks keep interest rates low. Gives preference to ASEAN and India.

Business 27 Oct 2015 | 12:00 AM

BlackRock fund turns to Japan and cash

TOKYO: BlackRock Inc’s Dan Chamby, who helps manage a US$90bil global strategy at the world’s biggest money manager, said his fund is overweight Japan and has parked one-fifth of its assets in cash amid worldwide volatility and rising uncertainty in China.

Business 13 Dec 2017 | 12:00 AM

Bitcoin prices ‘bubble-like’ after record rally, says BlackRock

HONG KONG: With bitcoin prices up 17-fold this year and sitting above the US$16,000 mark, valuations for the cryptocurrency are in “extreme” territory, according to BlackRock Inc.

Banking 22 Jan 2019 | 12:00 AM

Amar Gill appointed to key BlackRock post

HONG KONG: BlackRock has appointed long-time CLSA banker Amar Gill as its head of investment stewardship for Asia Pacific, the asset manager said in a statement.