Category: Business

BlackRock Inc (BLK.N), the world’s largest asset manager, is pushing more aggressively into private market investments, the firm detailed at an investorpresentation on Thursday. Since interest rates were slashed to near-zero across the globe at the start of the coronavirus Read more

U.S. investment fund Artisan Partners on Thursday joined another minority shareholder in French media group Vivendi (VIV.PA) in opposing its spin-off of Universal Music Group (UMG), decrying the transaction as unfavourable to some investors. Activist fund Bluebell Capital Partners had Read more

Procter & Gamble Co’s (PG.N) freight and commodity costs have amounted to around $600 million after tax so far this fiscal year, its chief financial officer said at a conference on Thursday. The company had previously said it expected more Read more

German sportswear firm Adidas (ADSGn.DE), which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland’s Spinnova, a company that makes textile fibre out of wood or agricultural waste. Adidas has agreed Read more

Petrol and diesel prices saw another hike by state-owned fuel oil companies on June 12 across all metro cities. Prices of both the key fuels witnessed their 24th rise since May 4 when the oil firms ended an 18-day hiatus Read more

Amazon.com Inc (AMZN.O) said on Thursday some corporate employees will be offered the option to return to office for three days a week and work remotely for the other two days. Employees in frontline roles such as hardware engineers will Read more

Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new U.S. unemployment claims fell to their lowest since the country’s first wave of COVID-19 last year. Read more