Japan’s GPIF posts $28 bln Q1 investment loss on market turbulence

The sign of Japan’s Government Pension Investment Fund (GPIF) is seen at its reception in Tokyo, Japan, November 16, 2018. REUTERS/Toru Hanai Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 5 (Reuters) – Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for … Read more

BlackRock profit slumps as market turmoil eats into fees

A sign for BlackRock Inc hangs above their building in New York US, July 16, 2018. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register July 15 (Reuters) – BlackRock Inc (BLK.N) posted a 30% drop in second-quarter profit on Friday as the turmoil in the global markets discouraged investors, shrinking the world’s … Read more

Polestar EV sales surge in first half, on track for full-year target

July 13 (Reuters) – Polestar on Wednesday said first-half sales of its electric vehicles more than doubled and it remained on track to achieve its full-year target. Sales at the Swedish EV maker, founded by China’s Geely (0175.HK) and Volvo Cars (VOLCARb.ST) and now a publicly traded company, rose almost 125% to about 21,000 cars … Read more