BlackRock Financial News

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Subscribe to enjoy similar stories. BlackRock , Microsoft and United Arab Emirates state-backed investor MGX are partnering on a new artificial-intelligence infrastructure fund that aims to raise $30 billion to invest in data centers and related power infrastructure. After raising the private-equity capital from investors, the partnership could deploy up to $100 billion in total capital when including debt financing, the parties said Tuesday.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

wealth management in India to tackle the intensely competitive environment, ET has reported based on information from sources.

Northvolt AB will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its struggling first gigafactory in northern Sweden.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen Technologies Inc's unit Black Lotus Labs. Their assessment, much of which was published in a blog post Tuesday, found with «moderate confidence» that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing. Versa, which makes software that manages network configurations and has attracted investment from Blackrock Inc and Sequoia Capital, announced the bug last week and offered a patch and other mitigations.

BlackRock Inc. has picked up over 42,700 sq ft office space in a premium commercial tower in central Mumbai’s plush Worli locality through a long-term lease of five years. The financial institution’s India arm Blackrock Services India will be paying rental of Rs 325 per sq ft a month in the first year of the lease. The agreement includes a clause to escalate rentals by 5% in April 2025, by 10% a year after that and 5% each in 2027 and 2028. The New York-headquartered company has leased the space on the 4th floor of the commercial tower Altimus directly from the project’s developer K Raheja Corp.

According to its annual investment stewardship report covering the period from 1 July 2023 through to 30 June, the firm only supported 4% (20 out of 593) of proposals put forward by shareholders on climate and natural capital and company impacts on people. This was down from 7% (30 out of 455) in the prior year, and significantly lower than the 47% high in 2021, at the height of the ESG investing boom. BlackRock CEO Larry Fink drops use of term 'ESG' BlackRock's global head of investment stewardship Joud Abdel Majeid said the firm found that most of these proposals were «overreachi...

Western Asset Management co-chief investment officer Ken Leech faces a potential enforcement action from the Securities and Exchange Commission as part of a probe into whether some clients were favored over others in allocating gains and losses from derivatives trades.

According to the latest Pridham Report from ISS Market Intelligence (ISS MI), the US ETF giant led the way in mixed asset fund sales, and ranked second in terms of both gross and net retail sales. The firm's flagship £42bn multi-asset LifeStrategy fund range boosted its retail success, with the 80% equity option emerging as the top seller within its product line-up. Pridham Report: BlackRock retail sales dominance continues into first quarter The top five best-selling groups this quarter were all major passive investing players, with BlackRock holding the top spot, joined by Legal ...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year. Among the most well-known buyers that have emerged are hedge funds like Millennium Management, which held shares in at least five Bitcoin ETFs, according to a Bloomberg analysis of second-quarter filings with the US Securities and Exchange Commission. The firm, which has $68 billion in assets under management, trimmed its stakes in the ETFs significantly from the prior quarter but remained as the top holder for most of the funds, including BlackRock's iShares Bitcoin Trust.

Wall Street trading firm Jane Street has significantly reduced exposure to Grayscale Bitcoin Trust (GBTC) by 85%. The firm acquired 6,474,742 shares of the BlackRock iShares Bitcoin Trust ETF (IBIT) valued at $221 million.

Goldman Sachs (GS), a traditional Wall Street firm considered a bitcoin skeptic, has disclosed a surprising investment in a recent regulatory filing—shares of spot bitcoin (BTCUSD) exchange-traded funds (ETFs).

What had been touted as Wall Street’s big rotation into smaller firms sputtered just as quickly as it started. 

Treasury investors should consider the possibility of a Donald Trump presidency after the Republican candidate said he would look to influence US monetary policy if elected, according to Wei Li, global chief investment strategist at BlackRock.  

Goldman Sachs is intensifying its focus on the wealth channel as it hires a BlackRock alum to its asset management unit.

BlackRock and Nasdaq on Tuesday filed with the SEC to introduce options for the iShares Ethereum Trust (ETHA), BlackRock’s spot Ethereum ETF.

Bank of Montreal has sold about £300 million (US$381 million) of Thames Water’s senior debt at an almost 30 per cent discount, according to people familiar with the transaction.