Funding & Business
BlackRock Flips $3 Billion of Rieder’s Mutual Funds Into ETFs
BlackRock Inc. is converting two mutual funds — managed by Chief Investment Officer of global fixed income Rick Rieder — into ETFs to better fit the strategies into the firm’s booming model-portfolio ecosystem.
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Anglo American Plc signed an agreement with Chile’s state copper company Codelco to jointly develop their adjacent mines near Santiago in a bid to boost production without major investments.
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President Donald Trump expects to announce economic deals totaling more than $10 billion during his trip to the United Kingdom, according to senior US officials. Some of the deals are expected to be rolled out at a business reception hosted by Chancellor of the Exchequer Rachel Reeves and featuring both Trump and British Prime Minister Keir Starmer. Bloomberg’s Rosalind Mathieson reports.
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Unilever PLC named acting Chief Financial Officer Srinivas Phatak to the role after his predecessor was promoted to chief executive officer earlier this year.
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