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- BlackRock Record Asset Holdings Are Half The Size Of US Economy
BlackRock reported record assets under management of $15.49 trillion at the end of the third quarter, after $205 billion in net client inflows, according to its earnings release filed with the SEC on Oct. 14. GAAP earnings were $10.57 per share and as-adjusted earnings were $15.93, while revenue rose 19% to $7.75 billion and net inflows into its iShares ETFs reached about $135 billion. The company also repurchased $550 million of its shares and raised $68 billion in private markets over the past twelve months. Net inflows into its private credit funds rose $5 billion from the previous quarter, and redemption requests at its Corporate Lending Fund eased to about 11.5% of shares from 13.3%, though Moody's warned that risks could be worse than reported default rates suggest. BlackRock shares rose as much as 5% after the results but gave back those gains as the session progressed.
- LSEG Accelerates Tick History Analysis With NVIDIA
LSEG is partnering with NVIDIA to help financial firms analyse large volumes of Tick History data faster and at greater scale, using NVIDIA cuDF on GPUs. The approach avoids creating another full copy of the dataset and keeps existing licences, permissions and controls intact. Benchmarks show that years of Tick History data can be analysed in seconds rather than hours. The move comes as equity markets shift toward near 24-hour trading, allowing firms to run historical analysis throughout the day instead of relying on overnight processing. Tick History holds 110 trillion rows across 100 million instruments, spanning more than 30 years and over 580 exchanges, trading venues and contributors. In H1 2026, real-time network traffic rose 29% and customer API requests for Tick History data rose 48%.
- Family offices warm to infrastructure , stay put on private credit , says BlackRock
- Bank of England Is Examining Whether Barclays Traders Misrepresented Private Credit Exposures , FT Reported :
The Bank of England is examining whether Barclays traders misrepresented illiquid private credit loans in a way that understated their risk, the Financial Times reported on Monday. A complaint from an insider to the PRA alleges that total return swaps referencing these loans were booked in Barclays' trading book rather than its banking book, which can understate risk and reduce the capital the bank must hold. The complaint also alleges the treatment breached PRA rules restricting derivatives backed by illiquid collateral in the trading book. Barclays said it takes its regulatory obligations seriously but would not discuss its interactions with regulators, and its shares fell 2.6% to 421.4 pence in early London trading. Investors will watch whether the PRA broadens its review to other lenders' swap books in a private credit market of roughly $2 trillion.
- Nigeria says private capital to drive next growth phase , petrol subsidy gone
Finance Minister Taiwo Oyedele said Nigeria will rely increasingly on domestic and foreign private capital, rather than state borrowing, to finance its next growth phase, and ruled out restoring petrol subsidies. He credited President Bola Tinubu's reforms since 2023, including scrapping the subsidy and overhauling the foreign exchange regime, with stabilising public finances, strengthening foreign reserves and attracting investment, though they have imposed a heavy cost-of-living squeeze. Inflation has fallen to 14.63% from 21% a year earlier, and he expects it to reach low single digits in the coming months. He called the IMF's forecasts of 4.2% growth in 2026 and 4.3% in 2027 “too conservative,” as the government targets average annual growth of about 7% over the next five years.
- Equifax Stock Rises 7 . 4 % After Credit Bureau Posts 10 % Revenue Growth Despite Tough US Mortgage Market
Equifax shares rose more than 7% on Tuesday to $170.29 after the credit reporting company posted third-quarter revenue of $1.693 billion, up 10% year over year and within its $1.68 billion to $1.71 billion guidance range. Mortgage revenue grew 15% despite a much weaker mortgage market in the latter half of the quarter as rates rose, and the company expects that weakness to continue through the rest of 2026. U.S. Information Solutions revenue grew 13%, international revenue grew 9%, and Workforce Solutions grew 7%. Equifax returned $158 million to shareholders and expects to complete its acquisition of Mexican credit bureau Círculo de Crédito in the fourth quarter. The stock remains down about 31% over the past year.
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- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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