BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.
Shares march higher after Fed and BoE hikes; dollar regains traction
Global equity markets were still on the front foot on Thursday on relief that the biggest hike in U.S. interest rates in more than two decades hadn’t been even sharper.
EXCLUSIVE China securities regulator met foreign banks to soothe economic concerns
The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021, three sources said on Friday.
Factbox: From San Francisco to Munich, key players developing flying taxis
Electric vertical takeoff and landing aircraft (eVTOL) maker Eve, part of Brazilian planemaker Embraer (EMBR3.SA), is planning to go public in the fifth such debut as investors bet on environmentally friendly urban air travel.
U.S. SEC to tighten insider trading rules, boost money market fund resilience
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds.
Analysis: Fed’s pivot raises investor question: When does QT start?
Investors are asking a key question after the U.S. Federal Reserve accelerated its taper of bond purchases and unveiled more aggressive rate hike projections: When could the central bank eventually start to shrink its massive balance sheet?
Insurers plan to up ramp up private market investments, BlackRock says
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc (BLK.N) officials said. (BLK.N)
BlackRock quarterly profit jumps as assets rise over $9 trillion
(Reuters) – BlackRock Inc, the world’s largest asset manager, reported a 16% jump in first-quarter profit on Thursday as investors poured more money into its diverse funds and fee revenue jumped. The company’s net income rose to $1.2 billion, or $7.77 per share, in the three months ended March 31, from $1.03 billion, or $6.60 […]
