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LONDON: Jamie Dimon had a pair of surprises when he dialled into a conference call with a group of JPMorgan Chase & Co’s wealth advisers: He was at Windsor Castle, and oh, he’s boosting their compensation.
NEW YORK: Bill Gates raised more than US$1bil (RM4.19bil) in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock Inc’s Larry Fink and Microsoft Corp’s Satya Nadella to rally support for some of the world’s most demanding clean-energy projects
Bill Gates established Breakthrough Energy Catalyst to accelerate the commercial viability of four key solutions to the climate crisis: green hydrogen, sustainable aviation fuel, long-duration battery storage and carbon capture from the air.
BEIJING: China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.
BLACKROCK Inc chief executive officer Larry Fink told global leaders the World Bank and International Monetary Fund (IMF) are outdated and require a total overhaul if they’re to marshal the trillions of US dollars in investment needed to bring sustainability to the developing world.
VENICE: BlackRock Chief Executive Larry Fink on Sunday called for governments to develop a stronger long-term climate finance plan to unlock the private capital needed to fund the transition to a low-carbon economy.
BlackRock Inc. became the first foreign asset manager allowed to start a wholly owned mutual fund business in China, a step toward winning a slice of one of the fastest-growing wealth markets.
AS grandees of the investment world fall over themselves to warn of long-absent inflation up ahead, financial markets appear ever calmer about the risks of that new regime unfolding.
SYDNEY: Asian shares stepped back from three-month highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose for a third straight session.