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American company BlackRock has started the largest reorganization in the last 10 years to respond quickly to customer needs around the world, informed sources told The Wall Street Journal. The volume of assets managed by BlackRock at the end of 2018 amounted to about 5 trillion 980 billion dollars. The plan involves the reorganization of the sales staff and the appointment of new managers in the investment division. Major changes are expected in the alternative investment unit, which last year contributed to the company's total revenue only at about 9%. And the share of its assets in the total volume was 2%, while the inflow of funds into alternative investment funds was at a record level of 16 billion dollars.
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Monday, Japanese car manufacturers reported a 38% decline in their global sales last month. Most car factories and dealerships remained closed due to the coronavirus outbreak. Japan’s biggest car manufacturer Toyota Motor Corp. (7203.T) ...
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