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BlackRock becomes first to operate wholly owned China mutual fund biz

SHANGHAI, June 11 (Reuters) - BlackRock Inc BLK.N has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country's $3.5 trillion mutual fund industry. BlackRock, the world's biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC
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BlackRock expands China footprint with wealth management licence

SHANGHAI, May 12 (Reuters) - BlackRock Inc BLK.N has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country's fast-growing asset management market. The U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) 601939.SS 0939.HK and Si
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Underwriters puzzle over how to make pandemics insurable again

* Pandemic risk is excluded - like war risk-SCOR CEO * Modelling hadn't factored in government shutdowns * SpottedRisk has devised cover for film and TV * Other solutions could include parametric triggers * Businesses may need to accept more risk By Carolyn Cohn LONDON, May 10 (Reuters) - When much of the global economy locked down last year, insur
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Activist investor Sherborne sells Barclays stake

FRANKFURT, May 7 (Reuters) - Sherborne Investors, the firm led by activist investor Edward Bramson, has sold its 6% stake in Barclays, it said on Friday, disbanding its efforts to overhaul the British bank. Sherbone took a position in Barclays in 2018, with Bramson calling on the lender to scale back its investment bank which he said weighed down r
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UK Stocks-Factors to watch on April 29

April 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points higher at 6,979 on Thursday, according to financial bookmakers, with futures FFIc1 seen up 0.2% ahead of cash market open. * SHELL: Royal Dutch Shell RDSa.L raised its dividend by 4% after reporting stronger-than-expected first-quarter profits due to asset sales and highe
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