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INX:BLK, Aug 17, 03:54 UTC

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El-Erian, BlackRock Flag Turkey Risk as U.S. Eyes Sanctions

BLK

Turkey said all the right things Thursday yet offered scant evidence for how the largest Middle Eastern economy will dig out of its worst currency crisis in decades. In a rare half-hour long conference call, Turkey’s Treasury and Finance Minister Berat Albayrak told about 6,000 global investors that he won’t impose capital controls. Turkey’s lira jumped after his remarks, while giving back most of its gains after Mnuchin said he had more sanctions at his disposal. It’s unlikely that Turkey will take steps such as tightening fiscal policy, raising rates to control inflation and restoring the independence of the central bank, said Kathy Jones, chief fixed-income strategist at Charles Schwab Inc. She expects more sanctions.

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  • Financial

Tuesday, August 14


News

Soros Fund Management adds popular tech names, BlackRock in Q2

BLK TRI

A number of prominent fund managers sharply cut their holdings in Apple only weeks before it became the first publicly-traded U.S. company to be worth more than $1 trillion. Einhorn's Greenlight Capital slashed its stake by 77 percent, while Philippe Laffont's Coatue Management unloaded 95 percent. Other big holders, including Sanders Capital and Adage Capital Partners, only trimmed small amounts in the second quarter. Soros also rejigged his energy holdings, raising stakes in Devon Energy Corp and Kinder Morgan Inc, while dissolving his stake in the VanEck Vectors Oil Services ETF and cutting exposure to Canadian Natural Resources Ltd and Williams Companies Inc. Quarterly disclosures of hedge fund managers' stock holdings, in what are known as 13F filings with the U.S. Securities and Exchange Commission, are one of the few public ways of learning what the managers are selling and buying. But relying on the filings to develop an investment strategy comes with some risk because the disclosures come 45 days after the end of each quarter and may not reflect current positions. The filings do not disclose short positions, or bets that a stock will fall in price. As a result, the public filings do not always present a complete picture of a management firm's equities holdings.

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News

Ageas and BlackRock: Transparency notification

BLK

In accordance with the rules on financial transparency*, Blackrock has notified Ageas on 10 August 2018 that, on 9 August 2018, its shareholding stands at 5.08%. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe`s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

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  • Financial

Friday, August 10


News

BlackRock Announces Change to iShares Commodities Lineup

BLK

BlackRock, Inc. (BLK) plans to close and liquidate the following iShares exchange-traded product based on the ongoing review of its product lineup to ensure it meets the evolving needs of clients. iShares Commodity Optimized Trust (CMDT) will no longer accept creation and redemption orders after market close (4:00 pm ET) on October 10, 2018. Proceeds of the liquidation are currently scheduled to be sent to shareholders on October 15, 2018. iShares offers broad-based commodities exposure through the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of June 30, 2018, the firm managed approximately $6.3 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

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News

Moving Average Crossover Alert: BlackRock (BLK) - August 10, 2018

BLK

Recently, the 50 Day Moving Average for BLK broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. This has already started to take place, as the stock has moved lower by 4.5% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for BLK stock. If that wasn’t enough, BlackRock isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come. Add this into a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.

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  • Financial

Wednesday, August 08


News

Ageas and BlackRock: Transparency notification

BLK AGS

In accordance with the rules on financial transparency*, Blackrock has notified Ageas on 7 August 2018 that, on 3 August 2018, its shareholding stands at 5.09%. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

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News

BlackRock TCP Capital Corp. Announces Second Quarter 2018 Financial Results Including Net Investment Income Of $0.41 Per Share; Third Quarter Dividend Of $0.36 Per Share

BLK

During the quarter ended June 30, 2018, we modified our TCPC Funding facility by lowering the interest rate to L + 2.00%, reducing the capacity to $300 million, and extending the maturity to May 2022. This reflects our policy of recording interest income, adjusted for amortization of premiums and discounts, on an accrual basis. Origination, structuring, closing, commitment, and similar upfront fees received in connection with the outlay of capital are generally amortized into interest income over the life of the respective debt investment. On August 2, 2018, our board of directors re-approved our stock repurchase plan to acquire up to $50 million in the aggregate of our common stock at prices at certain thresholds below our net asset value per share, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. Additionally, in connection with the closing of the Transaction (i) to fill a current vacancy on the Company's board of directors, on July 31, 2018, the Company's board of directors appointed Karyn Williams as an independent director, effective August 1, 2018, (ii) the Company changed its name from TCP Capital Corp. to BlackRock TCP Capital Corp. and amended its certificate of incorporation and bylaws, both effective as of August 1, 2018, for the sole purpose of effectuating the name change and (iii) the Operating Company (x) on August 1, 2018, withdrew its election to be regulated as a business development company under the 1940 Act, (y) on August 1, 2018, withdrew the registration of its common limited partner interests under Section 12(g) of the Securities Exchange Act of 1934 and (z) on August 2, 2018, terminated its general partner and converted to a Delaware limited liability company.

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Monday, August 06


News

ICE Data Services Selected as the New Benchmark for Four BlackRock iShares Fixed Income ETFs

BLK ICE

Intercontinental Exchange, Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services has been selected as the new benchmark provider for four of BlackRock’s iShares® U.S. bond exchange traded funds (ETFs), and the transition was completed on August 1. With its proven expertise in index design and calculation services, and the high quality of its underlying data and analytics, ICE Data Indices were a natural choice for these funds.”. “As the trend towards indexation continues to grow, our innovative and flexible index services offer a wide range of indices and customized solutions to meet the evolving needs of our customers.”. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company raises more capital than any other exchange in the world, driving economic growth and transforming markets.

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News

Analysis: Positioning to Benefit within BioTelemetry, Genworth Financial, Power Integrations, Phibro Animal Health, BlackRock, and The ExOne — Research Highlights Growth, Revenue, and Consolidated Results

BLK

Please download the entire research report, free of charge, to ensure you are reading all relevant material information. The report will be for the fiscal period ending September 30th, 2018. Phibro Animal Health's Recent Financial Performance. For the three months ended March 31st, 2018 vs March 31st, 2017, Phibro Animal Health reported revenue of $208.91MM vs $189.86MM (up 10.03%) and basic earnings per share $0.49 vs $0.60 (down 18.33%). For the twelve months ended June 30th, 2017 vs June 30th, 2016, Phibro Animal Health reported revenue of $764.28MM vs $751.53MM (up 1.70%) and basic earnings per share $1.63 vs $2.11 (down 22.75%). Fundamental Markets' roster boasts decades of financial experience and includes top financial writers, FINRA® BrokerCheck® certified professionals with current and valid CRD® number designations, as well as Chartered Financial Analyst® (CFA®) designation holders, to ensure up to date factual information for active readers on the topics they care about.

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Wednesday, August 01


News

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

BLK

This change was made in accordance with BKT’s managed distribution policy previously announced on July 24, 2018. BlackRock Resources & Commodities Strategy Trust (BCX), BlackRock Enhanced Equity Dividend Trust (BDJ), BlackRock Energy and Resources Trust (BGR), BlackRock Enhanced International Dividend Trust (BGY), BlackRock Health Sciences Trust (BME), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI), BlackRock Enhanced Capital and Income Fund, Inc. (CII), BlackRock Science and Technology Trust (BST), and BlackRock Enhanced Government Fund, Inc. (EGF) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) and employ an option over-write policy to support a level distribution of income, capital gains and/or return of capital. Each Plan Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

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  • Financial