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BlackRock

Brookfield, BlackRock no longer in race for over $10 bln Aramco pipeline stake

Apollo Global Management and New York-based Global Infrastructure Partners (GIP) are among the bidders still in the race for the deal, which could fetch Aramco over $10 billion, they said.
China Investment Corp, the country's sovereign wealth fund, was also weighing a bid for the assets, a third source told Reuters.

Updated 06 Apr, 2021 07:29pm

Business & Finance

WeWork to go public with $9bn valuation

NEW YORK: WeWork announced on Friday it plans to enter public markets through a merger transaction that raises $1.3...

Published 30 Mar, 2021 05:45am

Markets

Investors BlackRock, Vanguard join net zero effort

"There are a few elements which will need to be defined further," said Falconer, though she called the overall effort worthwhile.

Published 29 Mar, 2021 11:52am

Opinion

In 2020 the ultra-rich got richer. Now they’re bracing for the backlash

In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II,...

Published 26 Mar, 2021 05:22am

Business & Finance

Bitcoins under the hammer in France

PARIS: Governments might look askance at bitcoin but it doesn’t mean they don’t want to cash in its soaring ...

Published 18 Mar, 2021 03:56am

Business & Finance

Bitcoin takes breather after retreat from record near $62,000

"The crypto market is derivatives heavy," he noted.

Published 15 Mar, 2021 11:48am

Markets

Dollar firm amid US yield spike; bitcoin hovers around $60,000

Bitcoin was up about 2% at $60,205.56 after more than doubling in value this year.

Published 15 Mar, 2021 11:25am

Bitcoin passes $60,000 for first time

PARIS: Bitcoin passed the $60,000 mark for the first time on Saturday, with analysts saying the giant US stimulus...

Published 14 Mar, 2021 04:13am

Business & Finance

Toshiba sees Mizuho join BlackRock in building 5% stake

Toshiba, which is embroiled in a long-running row with activist shareholders including Singapore-based Effissimo, has said the return to the TSE's first section would lure buying from investors in stock indexes. Toshiba rejoined Japan's Topix index of top tier shares on Feb. 25.

Published 05 Mar, 2021 11:19am

Business & Finance

Bitcoin goldrush sparks fears of speculative bubble

European Central Bank President Christine Lagarde declared this month that bitcoin was "not a currency" and was a "highly speculative" asset requiring global regulation.

Published 19 Feb, 2021 10:28am

Business & Finance

Bitcoin clings to Tesla gains in Europe

LONDON: Bitcoin hovered close to record highs on Friday, set for gains of over 20% in a milestone week marked by the...

Published 13 Feb, 2021 04:11am

Business & Finance

PayPal unlikely to invest cash in cryptocurrencies

PayPal said in October it will allow US customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.

Published 12 Feb, 2021 10:22am

Markets

Goldman, other financial firms add China staff, eyeing growth

Goldman, for example, is planning to hire domestically while also tapping overseas talent networks to find the 70 new staff, the spokesman said.

Published 11 Feb, 2021 09:43am

Markets

European shares rise on M&A activity; Dialog Semi hits over 20-year highs

The French firms closed lower as new legal hurdles awaited the deal and amid a government warning of an increasingly hostile takeover battle.

Published 09 Feb, 2021 12:39am

Business & Finance

Asset manager BlackRock cuts stake in Occidental Petroleum

The firm beneficially owned 53.69 million Occidental shares at the end of December, down 5 million shares from a year earlier. The stake was valued at $1.22 billion on Friday.
BlackRock did not immediately reply to a request for comment. The firm has urged companies to prepare their businesses to live in a low-carbon environment by the middle of this century.

Published 05 Feb, 2021 08:50pm

Business & Finance

Aviva Investors threatens to ditch top carbon emitters over climate inaction

Targets 30 of the world's biggest carbon emitters.
New programme of talks to last 1-3 years.
To escalate if no action taken, could divest.

Published 01 Feb, 2021 07:37pm

Business & Finance

BlackRock's Fink warns companies need to show a net-zero plan

Says plan must be integrated into long-term strategy.
Companies must also show how it's reviewed by board.
Says to incorporate climate into capital markets assumptions.

Published 26 Jan, 2021 07:47pm

Markets

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

NEW DELHI: Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the...

Published 26 Jan, 2021 05:05am

Business & Finance

BlackRock sells $200mn China Telecom stake after US ban

BlackRock sale at HK$1.92/share is below market price.
BlackRock stake reduced from 6.1% to 0.2%.
Comes as US investors quit stocks subject to sanctions.

Published 15 Jan, 2021 05:49pm

Markets

Stocks steady as infection fears curb vaccine optimism

China's blue-chips, however, ended 0.2pc higher, helped by upbeat factory data which expanded for an eighth month in a row as an economic recovery gathered pace.

Published 15 Dec, 2020 05:00pm

Business & Finance

Saudi Aramco and BlackRock, others, discussing deal worth over $10bn

The transaction would be similar to infrastructure deals signed this and last year by Abu Dhabi's national oil company ADNOC.

Published 13 Oct, 2020 07:07pm

Business & Finance

BlackRock quarterly profit sails past estimates as markets rally

The New York-based company's net income rose 27% to $1.42 billion, or $9.22 per share, in the third quarter ended Sept. 30, from $1.12 billion, or $7.15 per share, a year earlier.

Published 13 Oct, 2020 05:07pm

Markets

Blackrock trims stake in Spanish takeover target MasMovil

The move comes after MasMovil's board backed a $3 billion bid by funds Providence, Cinven and KKR to take the company private.
Blackrock is the fifth biggest shareholder in MasMovil, having built up its holding after the bid was announced. It had held 5.7%.

Published 17 Jul, 2020 06:49pm

Markets

BlackRock says targeted critical climate votes on energy companies

The report was sent by a company spokesman on Tuesday. Under pressure from clients and activists.
The tally in Tuesday's report included votes that BlackRock cast for resolutions and against directors,

Updated 14 Jul, 2020 08:02pm

Business & Finance

Tesla rival Rivian adds $2.5bn investment led by T. Rowe Price

The deal comes on the heels of electric car maker Tesla's meteoric rise in valuation and the recent public offering of Nikola Corp. Both Tesla and Nikola are planning electric pickups to rival Rivian.
The new round takes total investment in Rivian to at least $6 billion, including a $1.3 billion round in December led by T. Rowe Price.

Published 10 Jul, 2020 07:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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