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BlackRock Inc

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  • *Greece concerns hang over markets. Across the Atlantic, Greece was headed to a referendum on Sunday that could decide its future in the euro zone. Days after Greece defaulted on part of its IMF debt, the Fund said Greece needs an extra 50 billion euros over the next three years, including 36 billion from its European partners, to stay afloat.

  • *Prior job gains downgraded, no wage growth in June. *Uncertainty over Greece's referendum spur bids for bonds. NEW YORK, July 2- U.S.

  • *Greece concerns hang over markets. NEW YORK, July 2- The U.S. dollar index fell from a three-week high on Thursday as chances of a U.S. interest rate hike as soon as September took a hit following a weaker-than-expected U.S. payrolls report, while Wall Street and world stock markets also ticked down. Across the Atlantic, Greece was headed to a referendum on Sunday that...

  • *Uncertainty over Greece's referendum spur bids for bonds. NEW YORK, July 2- U.S. The U.S. Labor Department said U.S. employers added 223,000 workers last month, less than the 230,000 increase projected by economists polled by Reuters.

  • BOSTON, July 2- BlackRock Inc, the world's largest asset manager, expects Greek voters to approve a bailout offer from creditors in a referendum set for Sunday, Global Chief Investment Strategist Russ Koesterich said. A "no" vote on the ballot question, he said, would lead to the sale of risky assets and push down equity markets by 4 percent in Europe and 2 percent in the...

  • On Friday, Russell will announce the names of some 128 companies that it is adding to its widely-followed Russell 2000 index of small companies. And that's when the big index fund providers- including Vanguard Group, Dimensional Fund Advisors and BlackRock Inc- must adjust their portfolios by buying the new stocks and selling the old. As recently as three years...

  • Japan Inc faces stormy AGMs in governance shake-up Sunday, 14 Jun 2015 | 5:00 PM ET

    TOKYO, June 15- Japan's normally sleepy shareholder meetings are set for a shake-up this year as a new corporate governance code encourages disgruntled investors to speak out and forces companies to take demands for better returns more seriously. "The weight of any opposition vote is now heavier," said Nomura Securities analyst Kengo Nishiyama, who...

  • MEXICO CITY, June 12- BlackRock Inc, the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock announced its deal to buy Infraestructura Institucional, also known as I Cuadrada, on Friday, but gave no...

  • MEXICO CITY, June 12- BlackRock, the world's largest asset manager, plans to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock's purchase of the fund would make it a partner with Hinojosa in one of the projects, a hospital in the State of Mexico,...

  • Outflows from energy ETPs continue in May -BlackRock Friday, 12 Jun 2015 | 10:27 AM ET

    Some $540 million exited energy ETPs globally last month, following net withdrawals of $1.2 billion in April, data from asset manager BlackRock showed. "The gains were getting a bit ahead of themselves given the elevated inventory levels," said Martin Arnold, global commodity and FX strategist at ETF Securities, an issuer of ETPs. He noted that OPEC had not cut...

  • INSIGHT-Automated lenders threaten to eat banks' lunch Thursday, 11 Jun 2015 | 1:00 AM ET

    NEW YORK, June 11- When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down. Kabbage, Lending Club and On Deck are among the lenders making small business and consumer loans that more established banks are less eager to approve. Non-traditional lenders could siphon away as much as...

  • ANALYSIS-Calling time on zero rates and QE Wednesday, 10 Jun 2015 | 3:00 PM ET

    *Global equity vs bonds 2012-' 15: http://link.reuters.com/fac39s. LONDON, June 10- The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality. "It's a mistake to keep interest rates this low for so long as it breeds complacency and leads to...

  • DUBLIN, June 10- Irish residents who sell their services as directors to international investment funds will have to cut back on the number of boards they sit on if the country's central bank decides they are taking on too much work. Ireland's success in establishing itself as a hub for the global funds industry has created a lucrative business for local lawyers,...

  • TAKE A LOOK-Reuters Wealth Management Summit Tuesday, 9 Jun 2015 | 6:37 AM ET

    Fund managers and regulators in London, New York, Hong Kong, Singapore and Geneva will participate in the Reuters Wealth Management Summit from June 8-11 to discuss where people are putting their money and other topics, including alternative investments, digital currencies, millennial clients, consolidation and regulatory issues. >Merrill Lynch pivots to...

  • H-shares beat A-shares for us: BlackRock Tuesday, 9 Jun 2015 | 3:09 AM ET

    The stratospheric rise in Chinese A-shares has many investors on edge, including the world's biggest asset manager, BlackRock.

  • NEW YORK/ MEXICO CITY, June 9- Almost a year after Mexico opened its energy market to private investors, North American firms are rushing south to decide which pipeline or power plant to invest in. Though the money tap could eventually open, given the promise afforded by Mexican natural gas, oil and renewable energy projects, some of the reluctance to ink deals may be...

  • *Rapid development of derivatives in China attracting new traders. SHANGHAI, June 7- The rapid liberalisation of Chinese derivatives markets has attracted a new breed of creative traders employing complex trading strategies that can generate quick profits- and an extra dollop of risk- in China's runaway stock boom. For the most part the strategies and the...

  • INVESTMENT FOCUS-Traders renew attack on Greece ETF Friday, 5 Jun 2015 | 8:53 AM ET

    *Many still expect Greece to stay in euro zone. Global investors looking for exposure to Greece, which has shown signs of recovery but remains scarred by the debt crisis of the last five years, have alighted on the ETF as a way to trade the country while avoiding the risk of owning shares of individual Greek companies. Now, as acrimonious negotiations with creditors...

  • June 2- BlackRock Inc's chairman and chief executive, Laurence Fink, said on Tuesday he believes the U.S. "We have been repeatedly disappointed on sales and we don't have enough information to determine what's going on," Fink said, addressing Deutsche Bank's Global Financial Services Conference. Fink also said he is bullish on European equities for the next 12...

  • HSBC to face US lawsuits over $34B mortgage losses Tuesday, 2 Jun 2015 | 2:46 AM ET
    An HSBC bank branch is shown in London, Feb. 9, 2015.

    HSBC was ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities.