A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure. The acquisition comes amid a flurry of deals in recent months involving top AI developers that are flooding the booming AI sector with resources and money,…
Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of…
MINNEAPOLIS (AP) — Minnesota regulators voted unanimously Friday to approve an investment group’s takeover of a power company over the objections of the state attorney general, big industrial electricity buyers and consumer advocates. In voting for the takeover of Duluth-based Minnesota, the five members of the Minnesota Public Utilities Commission said they believe the conditions…
By Hadeel Al Sayegh DUBAI (Reuters) -China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest…
Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force,…
(Reuters) -BlackRock on Tuesday added 20 of its top executives to a committee which plays a vital role in shaping strategy for the world’s largest asset manager, the Financial Times reported on Tuesday citing a letter from chief executive Larry Fink and president Rob Kapito. The appointments to BlackRock’s global executive committee include Sarah Melvin,…
New York: BlackRock Inc. plans to invest up to £500 million ($678 million) in Britain’s data center market, a move unveiled as Chief Executive Officer Larry Fink prepares to join US President Donald Trump on his state visit to the UK. The asset manager has acquired a site in west London to seed a new…
By Hadeel Al Sayegh, Federico Maccioni and Yousef Saba DUBAI (Reuters) – A group of investors led by BlackRock’s Global Infrastructure Partners are in talks with lenders to secure up to $10.3 billion in financing for Aramco’s Jafurah infrastructure deal, two sources with direct knowledge of the matter told Reuters. Banks, including JPMorgan and Japanese…
For Rick Rieder, the stock market has never looked so good. The chief investment officer of global fixed income at BlackRock says he thinks the market has emerged into the “best investing environment ever,” thanks to a cluster of factors that are setting up a bullish backdrop for equities. Rieder’s ultra-bullish view isn’t shared by…
Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…