BlackRock CEO and founder Larry Fink told Argentine President Javier Milei in a virtual meeting that he would be visiting the South American country in May, and Casa Rosada Spokesman Manuel Adorni confirmed in Buenos Aires.
The world's largest assets manager BlackRock (with US$10 trillion in assets under management as of January 2022), will not stop investing in oil, natural gas, or coal, told a UK parliamentary committee in written responses to an inquiry on the role of the financial sector in the UK’s net-zero transition.
US business leaders denounced president Donald Trump for inciting supporters who mobbed the US Capitol, with the head of the National Association of Manufacturers saying Vice-President Mike Pence should seriously consider working with the Cabinet to remove the president from office.
Major US financial firms are helping fund environmental destruction and indigenous rights abuses in the Amazon with billions of dollars in investments in questionable companies, according to a report published on Tuesday.
Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.
Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.
Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.