World Press Review

World Press Review

BlackRock boosted assets amid stock market rally (

Based on Q3 results, investment company BlackRock increased its assets under management by 15%, to $15.49 trillion compared to $13.46 trillion a year earlier. Net client inflows amounted to $205 billion, of which $134.5 billion went into iShares exchange-traded funds. Asset growth was also aided by rising quotes in the US stock market.

The company's quarterly revenue reached $7.8 billion, exceeding analysts' forecast of $7.5 billion. Adjusted earnings per share rose by 38%, to $15.93, against a forecast of $14.13.

Following the publication of the financial report, BlackRock shares rose by 5% during trading.

According to BlackRock CEO Larry Fink, computing capacity could become a new type of investment asset on the basis of which securities will be issued.

Over the past 12 months, BlackRock has raised $68 billion for private market investments, including $25 billion in private lending.

Diesel fuel supplies to remain tight (

According to the International Energy Agency (IEA), the global diesel fuel market will remain in deficit until the first half of 2027. Supply disruptions from the Middle East and Russia were the main reason. In September, the combined reduction in diesel fuel exports from these regions amounted to 1.3 million barrels per day, or 4.5% of global demand.

The decline in supplies caused a decrease in global inventories and a rise in prices. In September, global diesel prices exceeded $200 per barrel. Despite a decrease, prices remain double pre-crisis levels. Diesel refining margins reached $95 per barrel. According to the IEA, high prices increase transportation and production costs, fuel inflation, and slow economic growth.

The IEA believes that the recovery of oil refineries will not compensate for the accumulated deficit. IEA member countries agreed to release 426 million barrels of oil from strategic reserves. According to the agency's forecast, global oil supplies will decrease by 5.8 million barrels per day in 2026 and grow by 7.7 million barrels per day in 2027.

China cuts solar panel production due to overcapacity (

Economictimes

According to Reuters, the five largest Chinese solar panel manufacturers—Longi, Trina Solar, Jinko Solar, JA Solar, and Tongwei—reduced their headcount by 21%, or 40.6 thousand people, in 2025 (31% in 2024).

The main reason for the layoffs is production overcapacity, which is twice the global demand for solar panels.

Fierce competition led to lower prices and losses for manufacturers. The average price of solar modules dropped from $350 per kW in 2019 to $130 in 2025, and operating margins fell to minus 13%.

In 2026, the situation was compounded by declining demand. According to Jefferies' forecast, additions of new solar capacity in China will amount to 150–200 GW (315 GW in 2025). Meanwhile, Chinese solar panel exports for January–August decreased by 10%.

US inflation accelerated (

According to the US Bureau of Labor Statistics, annual inflation rose to 3.7% in September 2026 compared to 3.4% in August, an increase of 0.3 percentage points.

Core inflation, calculated excluding food and energy prices, rose from 2.4% to 2.6%. Monthly consumer price growth accelerated from 0.4% in August to 0.6% in September.

Higher energy prices made the primary contribution to accelerating inflation. Over the month, gasoline prices increased by 9.1%, and energy prices overall by 5.2%. Year-on-year, the growth was 34.2% and 20.4%, respectively. Gasoline accounted for more than half of the monthly increase in consumer prices.

The acceleration of inflation could influence US Federal Reserve interest rate decisions. Maintaining high rates increases borrowing costs for companies and banks, including when financing long-term investment and infrastructure projects.