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…
A state partnership would fundamentally alter the operating structure of two key Panama Canal ports and could trigger significant losses for Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings, which was facing mounting hurdles over a US$23 billion asset sale, experts said. The Hong Kong-based conglomerate is in the grip of a legal and political…
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…
Panama’s chief prosecutor said on Tuesday that more than 160 actions have been taken so far in a high-profile investigation into alleged wrongdoing by Panama Ports Company, the unit of Hong Kong’s CK Hutchison Holdings that operates two Panama Canal ports, as the country finds itself in the crosshairs of a deepening power struggle between…
Hong Kong’s CK Hutchison Holdings may win Beijing’s support through its plan to bring in a mainland Chinese company as a strategic investor in the controversial sale of its global port stakes, but the change in tack has also fuelled uncertainty, experts have said. Analysts said that the planned US$23 billion deal to sell CK…