LIVE NEWS BlackRock Assets Hit Record $11. 5 Trillion; US Market Update

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15. 15 - BlackRock Assets Under Management Hit Record $11. 5 Trillion, Driven by Private Markets

BlackRock's assets under management hit a record high for the third consecutive quarter, driven by strong inflows from a strong market rally. BlackRock, the world's largest asset manager, is also expanding its reach into private markets.

Stock markets recovered from a slump in August, extending third-quarter gains as optimism for a soft landing for the global economy rekindled.

15. 00 - US Market Update

US indexes were mixed on Friday, with the Nasdaq in the red and the S& P 500 in the green.

The Nasdaq fell 0. 13% (-23. 88) to 18, 258. 17. The Nasdaq's main loser was manufactured housing company Inno Holdings, which fell more than 23%, while the top gainer was software company Zena Tech, which increased by 45%.

Meanwhile, the latter rose 0. 24% (+13. 61) to 5, 793. 66. The main gainer on the S& P 500 was Uber, up 8%, while the loser was Tesla, which fell 8% on the introduction of robot taxis.

14. 45 - Dundrum Town Centre owner tops out 122 apartment block

Photo credit: Post reporter

The owner of Dundrum Town Centre has finished the structural phase of Ironworks, a 122-unit rental home at the site on Sandyford Road, ready to launch on the market next year.

Pimco Prime Real Estate, the real estate investment arm of British property group Hammerson and German insurer Allianz, said the plans on reclaimed land adjacent to the town centre have "topped out", meaning structural work has been completed.

When completed in autumn 2025, it will comprise 107 studio, one and two-bedroom apartments, as well as 15 social houses.

14. 30 - Coca-Cola Ireland unit to pay further €3. 6bn dividend in US tax dispute

Photo credit: Post reporter

Coca-Cola's Irish subsidiary, which is at the centre of a $6bn (€5. 49bn) tax battle with US authorities, has paid a €3. 6bn dividend to its parent since the start of 2023, newly filed financial statements show.

This includes a dividend of 2. 7 billion euros paid in 2023 and an additional dividend of 900 million euros paid this year. These dividends will be paid to Coc a-Cola, Atlantic Industries in the Cayman Islands.

14. 15-Liam Brady Media, appointed a liquidator after retiring RTE's commentator

Former Arsenal and Juventus have retired from RTE's soccer analyst last year, and Liam Brady Media has begun to clear.

According to the documents submitted to the company's registered station (CRO) on Thursday, the company has appointed John Healey of Kirby Health Chartered Accounts in September.

Brady retired in June 2023 his 2 5-year career in RTE Sports.

14. 0 0-Black Rock's assets, the market rising to $ 11. 5 trillion

Black Rock's assets balance has been a surge of the company's expansion of funding investment trusts and the highest in stocks, which boosts customers' investment value, and has been up to the third quarter consecutive year.

The stock market overcome the sale in August and expanded in the third quarter. This is due to the growing expectations that the world's largest economy will land with a reassuring inflation data.

Blac k-rock's assets were $ 9. 10 trillion in the same period of the previous year to $ 10. 650 billion in the second quarter, to $ 11. 48 billion in the third quarter.

The full text is Reuters.

13. 4 5-JP Morgan decreases due to an increase

In the JP Morgan Chase's third quarterly financial results, the accumulation of reserves and the accumulation of reserves offset the profits of investment banks and decreased.

Banks have constremed the savings stored by consumers between pandemics (global trends), and have accumulated a typical level of stockpiling as a safe guard in the case of default.

Despite the rise in interest rates and concerns about unemployment rate, the economic health of US consumers in the United States is still strong.

Despite the highest value in history and the U. S. Federal Reserve Board (Fed) has launched a lon g-awaited rate of rate, Jamie Daimon's Supreme Executive Officer (CEO) has maintained a cautious view of the economy. did.

13. 3 0-Monso, after the sale of employee shares, gained 5. 4 billion euros, and refrain from entering the Irish market

Monzo Bank has announced that the company's secondary shares have reached $ 5. 9 billion (5. 4 billion euros) by selling secondary stocks to ensure the liquidity of shares held by employees.

According to the statement, existing investors, including Stepstone Group and Singapore government fund GIC PTE, participated in the round.

The company, which is planning to enter the Irish market, has not disclosed the amount of shares that employees chose to sell in this round.

The new valuation rose from $ 5. 2 billion when raising $ 610 million earlier this year.

13. 1 5-September expenditure increased in the cultivated championship and Debs seaso n-AIB

Photo credit: Post reporter

According to the latest AIB SPEND TREND report, thousands of people participated in the National Ploughing Championships held at Co laois in September, so this year in the field of tourism and exhibition for three days on September 16, 17, and 18. Recorded the biggest sales.

AIB states that at this annual event, customers from coke, tipellaries, rimlics, goalway, and Wexford have led tickets.

In September, the Debus season began, so there was the highest consumption day on the 30th (Monday) and 26 (Thu), respectively.

September 10 (Tuesday) was the highest consumption of cosmetics, AIB customers used 529, 000 euros for cosmetics alone, and 89 % were online.

13. 0 0-Nuna Surgical, near the end of the 6. 5 million euros funding round for the Caesarean section delivery device

Nua Surgical, a medical technolog y-based medical technology company, is expected to complete the 6. 5 million euros series A financing round within a few weeks.

The company, based in the Innovation Hub at the Atlantic Institute of Technology in Galway, was established in 2019 by Barry McCan, Mari e-Therese Maha and Padrayig Maha. To date, it has procured 2. 3 million euros and has three ful l-time staff and four consultants.

Nua Surical has developed a han d-free device for caesarean section called a stelyjeong cesarean section retractor.

12. 4 5-In August 2024, only Auto Diesel was reduced by fuel tax clearance.

According to CSO, the clearance of auto diesel vehicles from January to August 2024 fell 2. 3 % yea r-o n-year.

A clearance is a tariff paid for the amount of oil brought in from the bonded warehouse, and is a substitute for sales.

Lea d-free gasoline customs increased by 4. 4 % in the first eight months in 2024, compared to the same period in 2023.

In August 2024, the amount of sealed and light oils of the sealed light oil was 8 % less compared to August 2023. Mark oil with marks is mainly used for of f-road applications, such as agriculture and heating of large buildings.

Kerosene in August 2024, the amount of goods payments for goods was increased by 4 % compared to August 2023. Kerosene is mainly used as a home heating fuel.

12:3 0-EU, postponed fingerprints between British tourists indefinitely

The EU's new border rules, which allow British tourists to use fingerprint and face biometrics, have been postponed for the third time without a new deadline.

The European Commission is currently investigating a new approach, including the introduction of ste p-b y-step measures.

"I have some concerns about the" resilience "of the system," Ibar Johansson, "said the EU's Iba Johansson.

12:0 0-Tem, the European Commission monitored with illegal products

The European Union (EU) asked Temu, a Chinese discount online retailer, to see how to eliminate illegal products on the company's platform.

The European Commission was requested to provide information sent on Friday based on the European Union (EU) Digital Service Law, and within 10 days, the company, which moved to Dublin last year, "at the company's online marketplace. We called for detailed information and internal documents on the easing measures taken to the existence of a company that sells illegal products and the reappearance.

The Digital Service Law is a comprehensive law that was enacted last year, giving the EU directly intervene to compete with illegal and false information in the "supe r-large" online platform with more than 45 million per month. I am.

11. 4 5-RSM US and RSM UK, aim for a merger across the Atlantic Ocean

RSM US and RSM UK have announced that they are conducting discussions on the merger on the final agreement, normal law, regulations, and other approval.

The merger across the Atlantic has established a multinational organization owned by a partner that straddles the United States, the United Kingdom, Canada, Ireland, India, and El Salvador, and will support 23, 000 experts.

RSM UK is an audit, tax, and consulting company for mi d-sized markets, with 5, 420 partner and staff, and is active in 31 bases throughout the United Kingdom.

RSM UK is a member fan of RSM International, a network of audit, tax and consulting company, which is the world's sixth largest in the world. The network has more than 120 countries, more than 800 offices, and more than 64, 000 employees.

11. 3 0-September new mortgage interest rates are deferred

Photo: Gan Chaonan

The average interest rate for new Mortgages in Ireland has been 4. 11 %, according to a new number of Central Bank announced by the Central Bank, for three consecutive months in August.

Despite the lo w-cost rate of the European Central Bank (ECB) by 0. 25 % in June, this step continues.

The average cost of a new mortgage in Ireland is the sixth highest level in the Euro area, with a ratio of 3. 71 % in the average of 3. 71 % in the euro.

11. 1 5-Volkswagen, sales volume decreased, highlighting issues in the European Automobile Industry

The Volkswagen Group announced on Tuesday that global sales in the third quarter fell 7 % yea r-o n-year.

European automobile companies are also promoting the influence of the potential trade war between Beijing and the EU, as the EU is also promoting import tariffs over the alleged subsidies.

11. 0 0-After a few years, companies are lowering prices

Companies such as retail stores and restaurants have been raising prices for many years. Now that consumer pockets are shrinking, some companies are discounted to regain their business.

One of the reasons is that many companies have rapidly raised the price of supply chains and labor costs and a few years before consumers' willingness to buy.

However, demand for no n-necessities, such as home furniture and expensive trainers, is depressed, and companies that sell those products are fighting to make smaller pie larger.

10. 4 5-Boeing, complaints for union in strikes

Photo: Jason Redmond

Boeing has announced that it has filed a claim to the National Labor Committee for unreasonable labor to unions representing factory workers on the West Coast of the United States.

In this accusation, about 33, 000 union members have entered the fifth week, and the fiscal aircraft manufacturer is undergoing financial pressure, so the steeper atmosphere in labor negotiations has increased, and the frustration is frustrated. It is the latest sign of being growing.

Boeing announced on Tuesday that after a tw o-day consultation with the federal mediation committee, the union had withdrawn the latest wage proposals against the International Machine and Aerospace Loop.

Boeing also accused the union executive in the NLRB documents that the union had accidentally inform the union members of the of f-th e-art presentation, and did not wear the negotiations on the negotiating table.

10. 3 0-River Island, sales of 9 % decrease by 62 %

Photo credit: Post reporter

River Ireland's sales of Ireland's Irish business decreased by 9 %, but profits after tax excluded in 2023 to 6. 2 million euros.

River Island Closaling Company (Ireland) Limited settlements of sales from 2022 to € 519 million to 47. 2 million euros in 2023.

10. 1 5-50 new employment in Donegor's source Civil

Photo provision: Mtstock Studio

Doni Gaull e-based civil engineering engineering company Source Civil has announced that it will create 50 new employment in the next 12 months and increase the number of employees to more than 270 employees.

The announcement was made at the official opening of the company's stat e-o f-th e-art office in Donigaulle Town.

Office space and warehouses, newly established in Largan Boys in the suburbs of Donigaules, support the company's international business expansion and provide services to Germany, the Netherlands, France and British customers.

10. 0 0-The Ministry of Transport, seeks a "immediate and temporary solution" for restrictions on Dublin Airport

Photo: SAM BOAL

The Ministry of Transportation has a letter to the Irish Aviation Bureau (IAA) calling for an "urgent and temporary solution for DUB (Dublin Airport) airlines to maintain a historic and arrival frame in the summer of 25 years." I sent it.

This letter is one of the IAA talks on the Dublin Airport's 2025 summer season.

The airport is prohibited from transporting more than 32 million passengers annually due to planning conditions for opening Terminal 2 in 2007. Earlier this month, IAA set a 2025 summer seating limit to 25. 2 million seats.

09. 4 5-Startanth, the highest executive officer announces retirement in 2026 and dropped

Photo: Stefano Guidi

Mila n-manufacturing company Milan Talan, a ca r-i n-one, fell by about 1 % on Friday after confirming the retirement of Carlos Tavally's highest executive officer in 2026 and announcing a larg e-scale management change.

In response to the news, Paris listed stocks dropped by about 1 %.

Mila n-listed stocks, including the movements on Friday, have fallen by 43 % since the beginning of the year.

09. 3 0-Tiktok announces that it does not affect the Irish staff but dismisses hundreds of content modeling staff

Photo: Mario Tama

Tiktok, a social media platform, will dismiss hundreds of global employees, including many Malaysian staff, to focus on the way to use artificial intelligence (AI) to the content model.

However, Tiktok Irish spokeswoman confirmed that the Irish business staff was not affected by Business Post.

According to Tiktok's statement, this change is "part of a continuous effort to further strengthen the global management model of the content modeling."

09. 1 5-Spanish fashion retailer, to start testing for clothing waste collection

Photo provision: Ondacaracola Photography

Before the EU regulations scheduled to be implemented in 2026, the major Spanish fashion companies have begun collecting clothing discarded from April next year as part of a voluntary trial scheme that manages fiber waste. do.

According to the organizer of this project named RE-VISTE, 10 brands, including ZARA owners, InditeX, H & Amp; M, Decathlon, IKEA, and PRIMARK, separate textile products and shoes from other waste. Participate in trials that can be used or recycled.

09. 00 --Alon Mask announces Tesla's many years of promise "Cyber ​​Cab"

Photo credit: Post reporter

Tesla announced a lon g-awaited robot taxi in Hollywood studio.

The CEO of the Eulon Musk (CEO) appeared on the company's cyber cab on a stage installed in the Warner Brothers studio, and the vehicles equipped with this sophisticated AI have no handle or pedal. I talked.

He also shows confidence in the progress of the company that the company has made an autonomous driving technology that makes vehicles running without human intervention.

Tesla began selling software called completely autonomous driving nine years ago, but its reliability has been questioned.

08. 4 5-Half of the no n-contact payments use mobile wallets

Shooting: Oscar Won

New data has revealed that smartphones and watches are becoming a payment method for many people.

According to the latest numbers announced by Banking and Payments Federation IRELAND (BPFI), half of the no n-contact payments are not cards, but mobile wallets such as Apple Pay and Google Pay.

In 12 months until June, no n-contact payments were 1. 4 billion, with a total of about 25 billion euros.

08. 3 0-The mainstream secures a grid link of a Korean floating wind power plant

Photo provision: Blue Planet Studio

Dublin-based green energy developer Mainstream Renewable Power and Spain's Ocean Winds have secured a grid connection for a 1. 1 gigawatt (GW) floating wind farm it is developing off the coast of South Korea.

The development comes as Mainstream, which was bought by Oslo-listed Aker Horizons three years ago, is looking for opportunities to offload capital from certain projects and repurpose it for other developments as it continues to recover from a period of heavy losses in Chile.

08. 15 - Irish Market Update

On Friday morning, the Irish market was down 0. 05%, dropping 5. 67 points to 9, 700. 35 in early trading.

Last in the rankings was Core Energy, which was down 44. 44% to 0. 10 euros, while Cairn Homes was also the main loser, although it was down 2. 42% to 2. 02 euros.

The best performer was Kenmare Resources, which rose 3% to €3. 90 per share.

08. 00 - UK economy returns to growth in August after two months of stagnation

Photo: James Manning

Data from the Office for National Statistics showed gross domestic product grew 0. 2% from July, in line with economists' expectations.

The figure maintains the economy's growth trajectory in the third quarter, albeit at a slower pace than earlier in the year.

Lower interest rates, rising real incomes and an expected increase in government investment spending are expected to help consumers and business leaders who have been struggling in recent weeks following warnings of a "painful" budget on October 30.

Starmer has pledged to raise GDP growth to 2. 5% a year, a tall order for an economy that averaged just 2% in the decade following the 2008-09 financial crisis and barely grew last year.

07. 45 - 200 new electric vehicle chargers to be installed in Dublin

Photo: MASTER

Dublin's four local authorities are planning to install 200 electric vehicle chargers, increasing the number of public power outlets in the capital by 50%.

The fast chargers will be installed in local authority facilities such as libraries, parks, car parks, community centres, swimming pools and sports centres from early next year.

Dublin is expected to need 8, 000 electric vehicle charging points over the next six years for electric car owners, especially those without access to home charging.

Dublin's local authority has pledged to provide more than half of that.

07. 30 - Medical technology chief warns that 'burdensome' EU rules will limit patient access to new devices

Kevin Lobo, CEO of medical device group Stryker

EU medical device regulations are hindering access to innovation for patients not just in Ireland but across Europe, according to the head of one of the medical device industry's largest companies.

Stryker CEO Kevin Lobo said the European Medical Device Regulation (MDR) is too stringent and slows down the approval process for new treatments.

The regulation has been phased in in recent years, but from May all medical devices on the market will be required to comply with the new regime.

07. 15 - Asian market update

Asian shares took a breather from a spectacular rally in Chinese shares to post their first weekly loss in five weeks, but attention is focused on details of a long-awaited fiscal stimulus package due to be announced by Beijing this weekend.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0. 3% on Friday, but was down 1. 7% for the week after four straight weeks of gains.

But the Nikkei rose 0. 5% for a 2. 5% gain for the week.

China's blue chips fell 1. 8% on Friday and 2. 3% for the week. Hong Kong's Hang Seng, which was closed for a public holiday on Friday, fell 6. 5% for the week, its biggest drop in two years.

07. 00 - Good morning

Good morning from the Business Post.

Emma Hanrahan brings you the latest news.

To start, in an interview with Ellie Donnelly, the head of Kerry-based Fexco Financial Services reflects on her career, the ever-changing nature of the sector and where it's headed next. Read more

Moreover, Glenveagh, Cairn Homes, Quintain and Castlethorn are among developers who will be forced to pay reserve tax on vacant land earmarked for a major housing scheme after losing a planning appeal. Read the full story by Eoin O'Hare.