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BlackRock buys $80m stake in TwitterBlackRock, the world's largest asset management company, has taken an $80 million stake in Twitter, a person with knowledge of the deal said Friday. The six-year old social media company will not raise new capital as part of t More… |
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KIA announces $500m Russian investmentSovereign wealth fund Kuwait Investment Authority (KIA) has announced a $500 million investment in Russian Direct Investment Fund (RDIF) as part of its global strategy. The announcement was made during a meeting at the St. Petersburg Inter More… |
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Barclays to sell $6.1bn BlackRock stakeBritish bank Barclays said it is to sell its 19.6 per cent holding in US asset manager BlackRock, worth $6.1 billion and which it has held for almost three years. Tougher global regulations mean banks have to More… |
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High-yield equities recommendedHigh-yielding equities are where investors should be putting their money in the current economic slowdown, said an industry expert. Speaking at a presentation at the Ritz-Carlton Bahrain Hotel and Spa, investment management group BlackRock More… |
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iShares launches swap-based ETF platformiShares, the exchange traded funds (ETF) platform of US-based BlackRock, has set new standard for ETF transparency with the launch of an unique swap-based ETF platform. BlackRock is a leader in investment management, risk management and ad More… |
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BlackRock says gold has room to growEven after hitting a series of highs this week, gold prices have room to rise, a BlackRock executive who oversees the money manager's iShares gold exchange-traded fund said. "If you look at it on a real-dollar basis gold is still not tradi More… |
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BlackRock sees slower global recovery in H2BlackRock, the world's largest asset manager, expects a 'meaningfully slower pace' of global economic growth in the second half of this year but does not predict a return to recession. BlackRock, which manages more than $3 tril More… |
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Kuwait's KIA invested $750m US firmKuwait Investment Authority (KIA) invested about $750 million in US asset manager BlackRock last year, KIA's managing director told Al Arabiya TV. 'Now we have made about 40 percent of profit (from BlackRock's capital hike, sin More… |
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Kuwait's KIA invested $750m US firmKuwait Investment Authority (KIA) invested about $750 million in US asset manager BlackRock last year, KIA's managing director told Al Arabiya TV. 'Now we have made about 40 percent of profit (from BlackRock's capital hike, sin More… |
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BlackRock to buy BGI in $13.5bn dealBlackRock, a global investment management and advisory company, has snapped up Barclays Global Investors (BGI) for $13.5 billion in a deal creating the world's largest money manager. BGI is an investment management subsidiary of UK-bas More… |
