Consumers’ Research, a non-profit organization, released an ad campaign titled “Betting on China” that targets investment management titan BlackRock over its investments in China. The 30-second ad spot claims that the money manager is pouring billions into Beijing that “props up Chinese Communist leaders.” The group further stated that BlackRock has invested in surveillance companies…
BlackRock ‘Negotiated Against America’ with Chinese Investments, Group Claims
Australian Coal Giant Pivots to Asia as Climate Activism Strangles Domestic Funding
October 18, 2021
admin
Asia & PacificAustraliaBlackRockBusiness & Economyclimate changeCompaniesEconomiesInternationalWorld
0 Comment
One of Australia’s largest coal miners is planning to raise $1 billion (US$740 million) through the sale of bonds in China and Asia amid increasing financial pressures locally due to climate change activism. Kevin Ball, the chief financial officer of Whitehaven Coal—which operates four coal mines in northwest New South Wales (NSW)—said Asian debt capital…
BlackRock Quarterly Profit Beats Estimates as Rise in Assets Boosts Fee Income
October 13, 2021
admin
assetsBlackRockBoostsBusiness & EconomyCompaniesEconomieseconomyEstimatesincomeLocal NewsNew YorkNY NewsprofitQuarterlyRegional-Local NewsUSUS News
0 Comment
BlackRock Inc., the world’s largest money manager beat third-quarter profit estimates as an improving economy helped boost its assets under management, driving up fee income. Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on…
Evergrande Domestic Debt Deal Calms Immediate Contagion Concern
SINGAPORE/SHANGHAI—China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while the Chinese central bank injected cash into the banking system, temporarily soothing fears of imminent contagion from the debt-laden property developer. Evergrande, Asia’s biggest junk-bond issuer, is so entangled with China’s broader economy that its fate has kept global stock and…
‘Stand up to BlackRock Like You Did to China’: Former Senator Calls on Australian PM
September 9, 2021
admin
AustraliaBlackRockBusiness & Economyclimate changeCompaniesEconomiesemission targetsInternationalLarry FinkRon BoswellUSUS NewsWorld
0 Comment
The Australian prime minister should resist pressure from overseas investments giants—like BlackRock—on climate change action, in the same way, the federal government resisted the Chinese Communist Party’s (CCP) economic coercion. Ron Boswell, former National Party senator, said moves by business and political leaders in the United Kingdom (UK), United States, and European Union (EU) to…
BlackRock Addresses George Soros’ Criticism of Firm’s China Investments
The world’s largest asset manager, BlackRock, on Wednesday responded to sharp criticism by billionaire investor George Soros, who took issue with the firm’s recent investments in China. In a rare Wall Street Journal editorial published on Monday, Soros warned that pouring money into China amounted to aiding a repressive regime engaged “time of a life…
BlackRock’s China Unit Raises $1 Billion in Maiden Mutual Fund
SHANGHAI—BlackRock’s China mutual fund subsidiary set up its first fund in the country after raising 6.68 billion yuan ($1.03 billion) during a shortened subscription period, signalling warm reception by investors. Wednesday’s disclosure came a day after billionaire investor George Soros said it was a mistake for BlackRock to invest in China now, and likely to…
Ex-China: Smart Investors Are Fleeing China for the Rest
September 7, 2021
admin
BlackRockfreedomGeorge Soroshuman rightsJack MaOpinionthe wall streetThinking About ChinaU.S. investorViewpoints
0 Comment
Commentary The investing term “ex-China” has a lovely ring to it. It means everything but China. So for emerging market (EM) investors, many of whom have traditionally invested in China, an EM ex-China fund provides the opportunity to invest in emerging markets, except China. The biggest emerging market economies, ex-dictatorships, are Brazil, India, and Mexico,…
Soros Says BlackRock’s China Investments Likely to Lose Money: WSJ
September 7, 2021
admin
BlackRockBusiness & EconomyChinaChina Business & EconomyCompaniesGeorge SorosInvestmentinvestmentsMarketsmoney
0 Comment
Billionaire investor George Soros said BlackRock investing billions of dollars into China now is a “mistake” and will likely lose money for the asset manager’s clients, according to an opinion piece in The Wall Street Journal. “Pouring billions of dollars into China now is a tragic mistake,” Soros wrote in the op-ed. “It is likely…
Stop Investing in China: America Is the Better Bet
September 2, 2021
admin
BlackRockGoldman SachsOpinionStandard Chartered Bankthe Shanghai Stock Exchange (SSE)the wall streetThinking About ChinaViewpoints
0 Comment
Commentary The fall of Kabul to the Taliban on Aug. 15 was a shock to the world, as were images of U.S. cargo planes lumbering off the runway in “defeat” at the hands of the Taliban. Yet, there was no real Taliban defeat of America, which at its core is the idea of freedom. An…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`