[MILAN] US asset manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, raising the prospect that Rome could be drawn into a costly state bailout.

LOGISTICS solutions company GKE Corp said its wholly owned subsidiary, Wuzhou Xing Jian Readymix Co (Wuzhou), will invest 48 million yuan (S$9.7 million) to construct a ready-mix cement plant in...