Page 8 - Blackrock

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock and the fund's other backers are trying to muster more support for such emerging markets-focused initiatives at the COP26 United Nations Climate Change Conference in Glasgow

Paytm to raise about Rs 8,250 crore from anchor investors

This anchor round will be the largest India has ever seen, say insiders

Some airlines risk failure if they do not cut emissions faster

Several companies, such as HSBC Holdings plc, Zurich Insurance Group Ltd, Bain & Company and S&P Global Inc, have already announced plans to quickly cut business travel emissions by as much as 70%.

BlackRock gets new Saudi mandate to manage infrastructure fund

The size of the fund hasn't been determined yet, but it will be backed entirely by the National Development Fund, a Saudi government entity chaired by Crown Prince Mohammed Bin Salman

SBI does balancing act between financing coal projects, appeasing investors

Lender needs to finance coal projects to electrify more Indian homes, as it works with investors like BlackRock Inc that are keen on renewables.

BlackRock quarterly profit jumps as assets rise over $9 trillion

This compares to assets of $6.47 trillion a year earlier.

BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm

ZURICH (Reuters) - BlackRock and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.

BlackRock, others' risks should be studied carefully: US Treasury Secretary

Treasury Secretary said it's important to "look carefully" at systemic risks posed by asset managers but designating them as systematically important financial institutions may not be right approach

BlackRock hires law firm for review after latest exec conduct complaints

BlackRock said it's hiring a law firm to conduct an internal review after a trade publication report detailed new employee complaints about the conduct of executives, including senior leader Wiedman

Gold 'failing' as equity hedge, faces risks: Global money manager BlackRock

Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock

BlackRock CEO Larry Fink says bullish on outlook for green investment

He was speaking remotely at the Future Investment Initiative (FII) conference in Riyadh

BlackRock raps board of world's biggest glove maker over worker safety

The board of directors of Malaysian firm Top Glove has failed egregiously in protecting its workers from Covid-19, US investor BlackRock said, calling for its removal

BlackRock to double number of firms it engages with over climate in 2021

BlackRock said it would more than double the number of companies it engages with over climate-related issues to over 1,000 and laid out stronger goals on other fronts for portfolio firms

US, Norwegian investors pressure SBI over loan to Adani mine in Australia

Officials from New York-based BlackRock Inc. and Norway's Storebrand ASA have contacted the State Bank of India, which is majority-owned by the Indian government, about the loan.

Bandhan Bank says will tap rural markets to stay as most profitable lender

Despite the rise in repayments, the ongoing coronavirus pandemic could slow Bandhan's loan growth to 20% this year

BlackRock downgrades US Treasuries, upgrades peers ahead of election

"Markets are increasingly reflecting a unified Democratic government outcome that may lead to a significant fiscal expansion," Blackrock said

Stressed funds set to make beeline for India on spike in Covid-driven NPAs

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

Argentina reaches $65-billion debt restructuring deal after default.

The agreement is the product of months of talks between the government and large investment firms

BlackRock, three others buy $1.4 billion of Bandhan Bank shares

Bandhan Bank's shares plunged 10.5 per cent on Monday after the transaction, its biggest loss since March 30. They were up as much as 2 per cent on Tuesday

Planning to subscribe SBI Cards IPO? Here's all you need to know

Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5