BlackRock Inc

2023 for crypto: Deep freeze, recovery or rocket? - THE EDGE SINGAPORE

Cryptocurrency

2023 for crypto: Deep freeze, recovery or rocket?

Bitcoin will rise to US$36,000 by March 2024 before soaring to US$149,000, says one crypto investment firm.

Sustainability

BlackRock’s Fink urges World Bank, IMF overhaul for green era

BlackRock CEO Larry Fink has called for a "rethink" of the World Bank and IMF's roles as financiers.

Startups, Entrepreneurs, Digital economy

Singapore's Trax secures US$640 mil in funding round led by SoftBank, BlackRock

The round valued Trax at more than US$3 bil, according to sources.

Deals, joint ventures & alliances

BlackRock, Temasek to take majority stake in wealth management JV with China Construction Bank

(Dec 23): US asset manager BlackRock Inc, Singapore state investor Temasek Holdings and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.

Sustainability

What is sustainable finance? That's a US$4 trillion question for investors

SINGAPORE (Nov 22): Major fund managers, including BlackRock Inc. and Amundi Asset Management, are running into a roadblock as they seek to put more money into emerging-market sustainable investments: a lack of common global definitions that would make it

Sustainability

BlackRock unit aims to boost Asian renewable-energy portfolio to US$5 bil

TAIPEI (June 26): BlackRock Real Assets is aiming to boost its renewable power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world's fastest-growing region for green energy.

In print this week

Green bonds to save the planet

SINGAPORE (Apr 29): Green bonds could be a key tool to finance the fight against climate change. But good luck getting your hands on one, or figuring out exactly what it is worth.

Funds

BlackRock plans to raise US$10 bil for equity investments

(Feb 8): BlackRock plans to raise about US$10 billion ($13.2 billion) as part of a new business that would take direct stakes in companies, according to a person familiar with the matter.

Global stocks

Less than 18% of global stocks owned by index investors, says BlackRock

(Oct 4): Less than 18% of the global stock market is owned by index-tracking investors, according to a new estimate from BlackRock Inc, as it suggested that passive investing plays only a limited role in setting equity prices.

CapitaLand Commercial Trust to buy Asia Square Tower 2 for $2.15 bil

SINGAPORE (Sept 21): CapitaLand Commercial Trust is buying Asia Square Tower 2 from American asset manager BlackRock Inc for a total of $2.15 billion.
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