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LONDON, June 08, 2023--BlackRock Inc. (NYSE: BLK) and Kreos Capital ("Kreos") today announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.
The world's biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments. The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean technologies such as batteries and grid infrastructure. Demand from institutional investors to back such projects has increased in recent years as more seek to align their portfolios with the transition to a low-carbon economy, BlackRock's Global Head of Climate Infrastructure David Giordano told Reuters.
Philipp Hildebrand, Vice Chairman at BlackRock, discusses his macro outlook and sustainability investing with Rishaad Salamat and Yvonne Man. He speaks on "Bloomberg Markets Asia".
(Bloomberg) -- Investors must reassess their allocations to China amid rising geopolitical tensions with the US and a slowing economy, according to BlackRock Inc. Vice Chairman Philipp Hildebrand.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsRay Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’Americans Are Leaving Portugal as G
(Bloomberg) -- Operating with a meager budget from a suburban home outside Washington, Will Hild is gearing up for his next battle against Wall Street and the forces behind ESG investing.Hild and his tiny staff at Consumers’ Research are at the forefront of the movement, crafting adversarial campaigns that attack money managers who try to combine profits with altruistic goals by using environmental, social and governance metrics to help decide where to invest. The 37-year-old Hild, backed by pow
(Bloomberg) -- BlackRock Inc.’s head of China operations resigned, adding to the company’s challenges as competition intensifies in the 130 trillion yuan ($18 trillion) asset management market.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensiveThese Are the World’s 20 Most Expensive Cities for Expats in 2023PGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine
BlackRock Inc's head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world's second-largest economy. BlackRock, the world's largest asset manager, said Tang "has expressed an interest in exploring opportunities" outside the firm, in a statement responding to a Reuters query. Susan Chan, BlackRock's deputy head of Asia Pacific and head of Greater China, is now directly overseeing its China onshore business, the company said.
In the latest trading session, BlackRock (BLK) closed at $676.49, marking a -0.79% move from the previous day.
BlackRock (BLK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
(Bloomberg) -- First came the debt specialists and the private equity firms. Then, hedge funds and wealth managers saw an opening. Now everyone from sovereign wealth funds to venture capitalists are spouting Wall Street’s favorite buzzword: private credit.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the B
(Bloomberg) -- BlackRock Inc. and other large money managers are dipping back into the UK’s battered debt market, lured by one of the highest yields in the developed world.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyA Wall Street Titan Scores One of the Best Real Estate Trades EverOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeApple Debuts $3,499 Vision Pro Headset in Test of Mar
(Bloomberg) -- Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance.Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySEC Sues Binance and CEO Zhao for Breaking Securities RulesOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedOPEC+ Latest: Saudis Unveil Extra 1 M
BlackRock (NYSE: BLK), the world's largest asset manager, has endured a difficult couple of years. As the largest provider of exchange-traded funds (ETFs), as well as a prominent manager of mutual funds and institutional investments, its fortunes are largely tied to the movements of the broader markets. Last year, BlackRock's stock price was down about 20% while the S&P 500 was also lower by about that much -- 19%, to be exact.
Readers hoping to buy BlackRock, Inc. ( NYSE:BLK ) for its dividend will need to make their move shortly, as the stock...
(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said stubbornly high inflation will force the Federal Reserve to raise interest rates two to four more times.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH Si
BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remained sticky and the Federal Reserve may need to hike interest rates further to contain price pressures. Fink, who heads the world's largest asset manager, said at a Deutsche Bank financial services conference that he expects at least two more rate increases by the Fed. But he downplayed the risk of a U.S. recession, saying that, if one occurs, it would likely be modest.
A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering from fading growth prospects, BlackRock's Global Head of Emerging Markets Amer Bisat told Reuters. Global population growth over the past five decades fuelled a surge in labour and a rapid increase in gross domestic product in many emerging economies but Bisat said demographics were no longer a boon for the countries. The changing demographics come against a backdrop of higher global interest rates and levels of debt which add to pressure on developing economies, with capital accumulation in emerging markets set to be "tough", said Bisat, who leads a team managing approximately $35 billion at the world's largest asset manager.
(Bloomberg) -- The European Central Bank said that financial markets will be vulnerable to negative shocks as it continues the fight against inflation, with real estate among the sectors at risk. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustStock Rally Hits a Wall as Economic Headwinds Loom: Markets WrapDebt-Limit Deal Heads to House Vote After Clearing Key HurdleTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit
(Reuters) - BlackRock, Korea's SK, Switzerland's UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state.
(Bloomberg) -- French inflation eased to its lowest level in a year, though Italy overshot analyst expectations, underlining the challenge for the European Central Bank as it nears the end of its unprecedented campaign of interest-rate hikes.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World
Investing.com - "We've been saying since the end of 2022 that rate cuts this year would be unlikely as inflation sticks around. Markets are waking up to our view as a look under the hood reveals signs of weaker growth in major economies and market weakness due to rate hikes."
BlackRock (BLK) closed the most recent trading day at $673.58, moving +0.19% from the previous trading session.
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