BlackRock Inc., the world’s largest asset manager, is negotiating with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock’s third collaboration with Ambani’s firm.
Dollar hovers near 11-week high, eyes on China property briefing
The dollar remained near an 11-week high due to U.S. election uncertainty and a resilient economy. Meanwhile, China’s press conference on its property sector is