HONG KONG, Jan 5 Reuters BlackRock Inc has appointed Hua Fan, formerly general manager of its majorityowned China asset management unit, as head of China, two sources with knowledge of the matter said. Fan, who joined the world39;s largest asset manager in 2022 to lead its 51owned China joint venture, has been promoted to oversee BlackRock39;s entire China […]

Jan 5 Reuters U.S. asset manager Invesco has raised the valuation of Indian food delivery platform Swiggy to 8.3 billion from 7.85 billion in October in a second straight markup, regulatory filings showed. The valuation hike comes as the Softbankbacked company prepares for its stock market debut later this year. In September, it resumed talks […]

Jan 4 Reuters Brookfield Asset Management will buy American Tower Corp39;s ATC lossmaking Indian operations for 2.5 billion, it said Friday, becoming the country39;s largest operator of telecom towers amid booming demand for data and wider use of 5G services. The acquisition is the biggest of Brookfield39;s three telecomrelated deals in the roughly four years the Canadian […]

LONDON, Jan 5 Reuters Asda, Britain39;s third largest supermarket group, said it would price match discounters Aldi and Lidl on hundreds of comparable grocery products, following bigger rivals Tesco and Sainsbury39;s who have schemes that match Aldi39;s prices. Asda, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said on Friday it has […]

TAIPEI, Jan 5 Reuters Taiwan39;s Foxconn, the world39;s largest contract electronics maker and Apple39;s biggest iPhone assembler, said on Friday it expected an onyear drop in first quarter revenue coming off a high base, after slower market demand hit the previous quarter. The first quarter is traditionally quieter than the previous one, the season when […]