BlackRock Inc, the
world's largest asset manager, exceeded analysts' estimates for
quarterly profit on Tuesday, as investors poured money into its
fixed-income funds and cash management business amid worries
about global growth.
A former senior Barclays
executive was "panicking" about the risk of a state bailout
during the credit crisis in 2008 because he feared government
scrutiny of his multi-million pound remuneration, a London
criminal trial heard on Tuesday.
Electric bike-sharing startup Wheels said
it has raised more than $50 million in its latest funding round
led by venture capital firm DBL partners, as the company looks
to expand into the U.S. and international markets.
Iran's economy is expected to
shrink by 9.5% this year, the International Monetary Fund (IMF)
said, down from a previous estimate of a 6% contraction, as the
country feels the impact of tighter U.S. sanctions.