BlackRock Inc (BLK.N)
ROME/MILAN, April 18 Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros ($791 mln) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said.
MILAN, April 18 A plan U.S. asset Blackrock has put forward to salvage troubled Italian lender Carige includes a cash call of 700 million euros ($790.93 million) or more, two Italian newspapers reported on Thursday.
BEIJING, April 18 China's Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion.
NEW YORK, April 17 Strategists at the world's largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds.
MILAN Italian banks are in talks with BlackRock over a possible deal to salvage troubled lender Carige, the head of a depositor guarantee fund financed by the banks said on Wednesday.
MILAN, April 17 Italian banks are in talks with BlackRock over a possible deal to salvage troubled lender Carige, the head of a depositor guarantee fund financed by the banks said on Wednesday.
SINGAPORE, April 17 BlackRock Inc, the world's largest asset manager, said on Wednesday it has appointed investment and regulatory veteran Tang Xiaodong to head China operations, seeking to capitalise on Beijing's opening-up of financial sector to foreign investors.
April 17 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
* Netflix, IBM dip in after-hours trading after posting earnings
NEW YORK The U.S. economy is speeding up again after a slowdown in recent months and cash could soon start rushing into stocks as most investors are underinvested in the markets globally, BlackRock Inc's Chief Executive Larry Fink said on Tuesday.