Page 2 - Blackrock

BlackRock CEO Larry Fink's pay rises 14% to $30.8 million in 2024

In February, BlackRock said it was awarding Fink, 72, additional pay perks known as carried interest tied to its push into private markets

Bitcoin may challenge US Dollar's dominance, says BlackRock CEO

Bitcoin, Fink said, represents both a disruptive innovation and a geopolitical risk, particularly if the US government fails to address its rising debt and fiscal deficits

BlackRock's CEO Larry Fink warns of protectionism amid private market push

Fink wrote in his annual chairman's letter that too many people are currently missing out on prosperity in twin-speed economies

China tells state firms to halt deals with Hong Kong tycoon Li Ka-shing

CK Hutchison, the telecoms-to-retail conglomerate owned by Li, has been caught in China's crosshairs in the highly politicised deal with the US firm

Hutchison sold the Panama Canal ports to a US firm, and China is furious

The deal will see BlackRock take control of Hong Kong's CK Hutchison's 43 container ports across 23 countries, including the key Balboa and Cristobal docks of the Panama Canal

Nvidia, Musk's xAI to join Microsoft, BlackRock, MGX to develop AI infra

The group, formed last year with a goal to initially invest over $30 bn in AI-projects, is one of the biggest efforts to bankroll data centres, energy facilities needed to power AI applications

BlackRock Veteran Swaminathan to lead its venture with Jio Financial

London-based Swaminathan, a 20-year veteran at the world's largest asset manager, is joining Jio BlackRock Asset Management as the money manager

BlackRock to hire 1,200 employees in India to expand AI and support hubs

The world's largest asset manager is particularly looking for engineers and data experts to support its AI capabilities and expand its iHubs

BlackRock planning to hire 1,200 people to expand 2 support hubs in India

BlackRock is also inheriting a so-called global capabilities center with roughly 1,500 staff in Bangalore through its proposed purchase of data firm Preqin

India valuation not stretched on 'equity risk premium' metric: BlackRock

Vivek Paul, Head of Portfolio Research, BlackRock Investment Institute anticipates potential fiscal stimulus in the Budget to rev up consumption

Jio Financial Services, BlackRock infuse Rs 117 cr in mutual fund company

Jio Financial Services Ltd (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused Rs 117 crore in the mutual fund company. JFSL and BlackRock each have further subscribed to and have been allotted 5.85 crore equity shares of Rs 10 each of Jio BlackRock Asset Management Private Limited (a 50:50 Joint Venture between the company and BlackRock) aggregating Rs 117 crore, the company said in a regulatory filing. Jio BlackRock Asset Management Private Ltd submitted an application to SEBI, seeking approval. JFSL and BlackRock have made an initial investment of Rs 82.5 crore each in this entity. Another subsidiary Jio BlackRock Investment Advisers Private Ltd, a Joint Venture company of the company has informed that it has incorporated a wholly owned subsidiary named Jio BlackRock Broking Private Limited' on January 20, 2025 to carry on the business of broking subject to regulatory approvals. During the third quarter, Jio Financial Services Ltd's

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

NZAM suspends activities after BlackRock exit amid US political pressure

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan. 9 citing confusion over its climate efforts

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

BlackRock's Bitcoin fund becomes 'greatest launch in ETF history'

The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets

BlackRock sees investor shift from cash after even 'modest' rate cuts

Expectations earlier this year that the US central bank would cut interest rates aggressively after hiking them to fight inflation have moderated in recent months

AI analytics firm Pyramid Analytics secures $50 mn from BlackRock

The Amsterdam-incorporated company, which has offices in London, New York City and Tel Aviv, declined to disclose its equity valuation following the investment

India bond ETFs likley to draw billions as Amundi, BlackRock join race

Indian bonds have attracted $15.7 billion of inflows this year, the most in Asia behind China, South Korea and Japan, data compiled by Bloomberg show

BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost

Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter

Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry

Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management