Amazon, Ford Backed EV manufacturer Rivian files for IPO

Amazon, Ford Backed EV manufacturer Rivian files for IPO

By Anna Domanska - Aug 30, 2021

Rivian, the electric vehicle startup, has filed confidentially for an initial public offering (IPO), seeking a valuation of more than $70bn. There is no clarity on how much they ar

Read More
BlackRock ETFs breach $3 trillion mark in May

BlackRock ETFs breach $3 trillion mark in May

By Anna Domanska - Jun 16, 2021

BlackRocks’ exchange-traded fund crossed $3 trillion for the first time in May, in sync with the ETF industry’s race to an all-time high of $9 trillion.

Read More
Global ETFs reach a new record of $359.2bn in 3 months of '21

Global ETFs reach a new record of $359.2bn in 3 months of '21

By Anna Domanska - Apr 15, 2021

Global economy recovery is well on its path going by the money being put in the exchange traded funds, especially in the last quarter. A trillion dollars has entered the traded fun

Read More
PNC Bank to acquire BBVA for $11.6 billion

PNC Bank to acquire BBVA for $11.6 billion

By Anna Domanska - Nov 16, 2020

PNC Financial Services Group plans to acquire BBVA, a Spanish bank, in an all-cash deal worth $11.6 billion. The deal will make PNC the fifth-largest bank in the US in terms of ass

Read More
Low-income countries in debt stranglehold, says report

Low-income countries in debt stranglehold, says report

By Christy Gren - Oct 16, 2020

Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.

Read More
JPMorgan to shell out $1 billion for full ownership of CIFM

JPMorgan to shell out $1 billion for full ownership of CIFM

By Christy Gren - Aug 25, 2020

JPMorgan’s asset management business is to buy the 49% stake in CIFM to tap into the country’s growing affluent finance sector.

Read More
US DOL plans on retirement will accelerate ESG investments: Larry Fink

US DOL plans on retirement will accelerate ESG investments: Larry Fink

By Anna Domanska - Jul 19, 2020

A US Department of Labor proposal to discourage retirement plans from making investments based on environmental, social and governance (ESG) considerations will speed up interest i

Read More
Murdoch’s BSkyB takeover to be £3 billion dearer thanks to Fidelity

Murdoch’s BSkyB takeover to be £3 billion dearer thanks to Fidelity

By Jay Raol - Mar 07, 2011

Fidelity Investments, an institutional investor with a £300 million stake in satellite broadcaster British Sky Broadcasting (BSkyB), has demanded that Rupert Murdoch’s News

Read More