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In the third quarter, the net profit of BlackRock, the world's largest company in terms of assets, grew by almost 30% in annual terms to $1 billion 220 million. The adjusted profit of the US investment company at 7 dollars 52 per share exceeded analysts' forecast of 6 dollars 84 per share. Since the end of September last year, the company has increased its assets under management by 8% to 6 trillion 444 billion dollars. Revenues for the quarter amounted to 3 billion 576 million dollars, an increase of 2%, while economists had predicted 3 billion 540 million dollars. The revenue of the technology division increased by 18%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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