Blackrock Inc

The comments come amid concerns that the vast amounts being spent on expanding AI may overstate its potential to make money.

Jio BlackRock CEO backs index investing, but will straddle active strategies too

Jio BlackRock's Sid Swaminathan said passive investing is poised to surge, but the fund will offer active products too, leaning on BlackRock's tech to sharpen tracking precision.

Jio BlackRock sees digital trust as ‘ultimate disruptor’ in mutual fund race

Jio BlackRock CEO Sid Swaminathan said the market is still ‘scratching the surface’ as equity investments remain just 6% of household savings.

BlackRock unveils climate policies for $150 billion in funds

The world’s largest money manager will look at corporate plans to see how well they align with the goal of limiting global warming to 1.5C, Joud Abdel Majeid, head of investment stewardship at BlackRock, said in a message to clients

From BlackRock to Pimco, bond investors bet Fed hiking is over

While inflation has been trending lower in recent months, a resilient job market has been the main stumbling block for the Fed to stop hiking after raising the borrowing costs by 525 basis points since March 2022, to a range of 5.25-5.5 percent.

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A daily round-up of the most interesting articles to help jump-start the day.

BlackRock holds neutral view on emerging markets, hinting that foreign money will keep dumping India

BlackRock’s outlook on emerging markets suggests foreign investors could dump expensive markets such as India for better bargains in markets like the US, Japan, Brazil and China

BlackRock CEO Fink says markets have more upside than downside

Despite parts of the economy rebounding strongly from the shock of the coronavirus pandemic, there remains a need for fiscal stimulus, Fink said.

BlackRock says sustainability reports might slide during pandemic

BlackRock earlier this year outlined tougher policies for the influential proxy votes it casts at springtime annual meetings, including a focus on having companies report more details about topics like their emissions and water pollution.

BlackRock hires former Fed official Stanley Fischer as an adviser: Memo

Fischer, who was born in Zambia, served as governor of the Bank of Israel from 2005 to 2013 before joining the Fed, where he was vice chair for 3-1/2 years until October 2017.

Snapdeal looks to raise funds at lower valuation with SoftBank

The e-tailer and its investor are discussing valuations close to USD 3-4 billion but the former is trying to bag new investors at a better valuation.

ETFs globally gather record cash in 2016: BlackRock

The total, which is preliminary, compares with USD 348 billion in 2015 and includes a record USD 286 billion haul in the United States, home to the funds' biggest market.

BlackRock agrees to sell Singapore office tower to Qatar fund

Asia Square Tower 1, located in the city-state's financial district, has over 1.25 million square feet of net lettable area and has Citigroup Inc as its anchor tenant, BlackRock and Qatar Investment Authority said in a joint statement.

BlackRock to buy BOA's $87bn money-market fund biz

The transaction comes as big banks have faced pressure to simplify their businesses since the global financial crisis and marks the largest in a series of deals reshuffling the cash-management industry before costly regulatory reforms take effect in 2016.

Alibaba gets CCI nod for acquiring 4.14% stake in Snapdeal

Jasper Infotech owns Snapdeal. Approval is required from CCI, which keeps a tab on unfair business practices, for acquisitions beyond a certain threshold.

BlackRock hopes big data can revive its active equity funds

BlackRock Inc CEO Larry Fink is hoping that a trillion points of data can revive his firm's ailing stock-picking business.

Messaging platform Symphony seeks more funding: WSJ

Symphony Communication Services LLC, an instant messaging software company backed by Goldman Sachs Group Inc

Tata MF names R Ganesh as MD and CEO

In his new role, Ganesh would be responsible for steering the growth of the organisation as it continues to be positioned as an asset management firm with strategic presence in chosen segments.

Snapdeal to acquire GoJavas for Rs 200 crore

According to sources, Snapdeal is expected to announce the acquisition of the former logistics arm of e-tailer Jabong in the next two weeks. The deal size could range between Rs 150-200 crore, they added.

New ETFs look to counter rising rates with derivatives play

The new ETFs rely heavily on derivatives and alternative investments, such as shorting Treasury futures or trading swaps based on mortgage-backed securities, which carry fresh risks of their own, analysts said.

No longer in eye of storm, yet caution abounds on India

Investors are less downbeat over India, thanks to actions taken since its mauling by the markets last summer.

HP, RIM take flak from nervous financial industry customers

JPMorgan Chase & Co and BlackRock Inc voiced concerns about Hewlett-Packard Co and Research In Motion Ltd this week, saying business and operational struggles may affect the reliability of two of the biggest technology-service providers.

Asian shares subdued, lack direction after US closure

Asian shares were subdued on Tuesday after a powerful hurricane curtailed activity in US markets overnight, while the dollar held gains against the yen ahead of a widely expected policy easing by the Bank of Japan later in the session.

Funds may have won and lost in Libor scandal

The investment chief of Calpers, the largest US public pension fund, threatened a lawsuit if the fund was harmed by banks' manipulations of the London InterBank Offered Rate, or Libor.

ETF growth to drive Asia program trading: Credit Suisse

The growing use of exchange traded funds as a way to gain access to Asian markets, and heavier activity around index rebalancing is driving growth in program trading in the region according to a report published by Credit Suisse Group AG.