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Business Wire
2 days ago
- Business
- Business Wire
New Brand Finance Ranking: PIF and BlackRock Stay on Top as World's Most Valuable Sovereign Wealth Fund and Asset Management Brands
LONDON--(BUSINESS WIRE)-- BlackRock is the world's most valuable asset management (AM) brand with a value of USD8.3 billion, and PIF is the most valuable and fastest-growing sovereign wealth fund (SWF) brand, according to data from Brand Finance, the world's leading independent brand valuation consultancy. The collective value of the top 50 brands grew 5% year on year, to USD73.9 billion in 2025. BlackRock's brand value has risen 17%, driven by a surge in assets under management, strategic acquisitions in private markets, and leadership in technology and AI. PIF is the most valuable SWF brand, (up 11% to USD1.2 billion). It also ranked seventh for brand value to AUM ratio among all AM and SWF brands, the only SWF to feature in the top 10. PIF's AUM have grown due to robust portfolio performance, driven by a range of key portfolio companies and maturing long-term projects. J.P. Morgan Asset Management ranks as second most valuable AM brand (up 3% to USD7.2 billion) and leads AM and SWF brands in brand strength with a Brand Strength Index (BSI) score of 87.6/100 (AAA). Vanguard (USD6.0 billion) is third most valuable. The Abu Dhabi Investment Authority (ADIA) is the strongest SWF by BSI, scoring 64.1/100 (A+). PIF is the second strongest AM brand, scoring 62.9/100 (A+). David Haigh, Chairman and CEO of Brand Finance, commented: ' high-profile investments with a positive impact continue to build the brand values of asset managers and sovereign wealth funds. This is evident in the impact of successful sports partnerships, which deliver an observable uplift in awareness and familiarity among B2B and informed audience. Formula 1 and football are powerful and popular ways for asset managers and sovereign wealth funds to raise their international profiles in a way that is consistent with the brands' wealth and stature.' Note to Editors The full ranking, insights, methodology, and definitions of key terms are available in the Brand Finance Asset Management & Sovereign Wealth Fund 50 2025 report. Brand Finance is the world's leading brand valuation consultancy.
9 News
6 days ago
- Automotive
- 9 News
Tesla earnings nose-dive 23 per cent
Your web browser is no longer supported. To improve your experience update it here Tesla has recorded a 23 per cent drop in adjusted net income and a 12 per cent decrease in overall revenue, with a double-digit drop in adjusted earnings for the second quarter, both worse than what Wall Street expected. The stricter reading for net income fell 16 per cent to $USD1.2 billion ($1.8 billion). Their core auto revenue also dropped 16 per cent. Tesla facility vandalised and cars set ablaze amid anti-Musk sentiment (Nine) Since 2019, regulatory credit sales alone have brought the company $10.9 million in profits, in some instances the company would have lost money annualy without them. "These regulatory credit sales are the reason that Tesla exists today," said analyst Gordon Johnson Reports found revenue per vehicle dropped to $USD42,231 ($63,978) as the company made $USD500 ($757) less on each car sold. The drop in sales has been largely attributed to Tesla CEO Elon Musk's political activities as well as increased competition in the electric vehicle market, particularly from China. Tesla trade-ins at record levels in the US – report (Nine) Tesla sales continue to drop in markets where EV sales are rising overall. The company is set to lose its title of the world's largest EV builder to BYD, a Chinese manufacturer that doesn't sell cars in the United States. Musk did not comment on the company's sales and revenue dive during his opening remarks on the company's call with investors Wednesday, following the earnings report. TESLA elon musk World automotive USA Economy Stocks CONTACT US
BusinessToday
11-05-2025
- Business
- BusinessToday
BNM Reserves Climb US$1.2 Billion Amid Capital Inflow And Ringgit Strengthening
Bank Negara Malaysia's (BNM) international reserves climbed by USD1.2 billion or 1.0% month-on-month (MoM) to USD118.7 billion as of April 30, 2025, providing a stronger buffer for the Malaysian economy amid global uncertainties. According to a research note by Kenanga, this uptick lifted the country's import coverage to five months, up from 4.9 months in March, while the reserves-to-short-term external debt ratio remained stable at 0.9 based on 4Q24 data. The increase was largely driven by a rebound in foreign exchange (FX) reserves, which rose USD1.0 billion to USD105.5 billion. This marks a recovery supported by renewed capital inflows into Malaysia. However, BNM's net FX reserves edged slightly lower in March to USD65.6 billion from USD66.1 billion in February. Additionally, Malaysia's IMF reserve position increased by USD0.1 billion (+6.9% MoM) to USD1.3 billion — its first rise in 16 months — while other reserve assets also ticked up by USD0.1 billion (+3.6% MoM). Gold and Special Drawing Rights remained largely unchanged. In ringgit terms, reserves expanded RM5.5 billion or 1.1% MoM to RM526.3 billion in April. Ringgit Recovers Against Weaker Dollar The ringgit traded within a volatile range of 4.32 to 4.50 against the US dollar during April, averaging 4.41 compared to 4.43 in March. It strengthened to below 4.40/USD in the final two weeks, buoyed by global risk aversion and waning confidence in US assets. The US dollar also weakened amid softer economic data, persistent US-China trade tensions, and renewed criticism of the Federal Reserve by former President Donald Trump. Regionally, most Asian currencies appreciated against the greenback as the US Dollar Index (DXY) slipped sharply to 100.7 from 104.1 in March. The Philippine peso (PHP) and Singapore dollar (SGD) led regional gains (+1.0%), followed by the Malaysian ringgit (+0.5%) and Thai baht (+0.1%). The Indonesian rupiah (IDR), however, lagged with a 2.0% decline, marking its fourth consecutive monthly drop due to fading investor sentiment and concerns over domestic growth. Monetary Policy Outlook: Steady for Now Despite BNM's surprise cut to the Statutory Reserve Requirement (SSR), Kenanga notes that the Overnight Policy Rate (OPR) is expected to remain unchanged at 3.00% in the near term. The SSR reduction is seen as a liquidity management tool rather than a signal of broader monetary easing. With inflation remaining moderate, growth steady, and financial conditions stable, BNM is likely to maintain its cautious stance. Market attention now shifts to the outcome of ongoing US-China tariff negotiations, which could have implications for global trade and monetary policy direction. Kenanga maintained its end-2025 USDMYR forecast at 4.45 (2024: 4.47), although the ringgit could gain further ground if downside pressure on the US dollar continues. The research house cited stable domestic fundamentals and increasing foreign interest in Malaysian capital markets as supporting factors for the local currency. Related
