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Goldman Sachs Group

China should stick to ‘houses are for living, not for speculation’

Published 23 Aug, 2023 10:42am

BEIJING: China should adhere to the principle that “houses are for living in, not for speculation” for the time...

Goldman Sachs weighs sale of part of its wealth business

Published 22 Aug, 2023 06:03am

NEW YORK: Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its...

Goldman Sachs to cut asset management investments that weighed on earnings

Published 23 Jan, 2023 12:12pm

NEW YORK: Goldman Sachs Group Inc’s asset management arm will significantly reduce the $59 billion of alternative...

Goldman Sachs sees Fed rates peaking at 5% in March

Published 30 Oct, 2022 01:16pm

Goldman Sachs Group Inc’s economists said the US Federal Reserve could bump up interest rates to as high as 5% by...

Wall St up as Goldman results keep optimism alive, rising yields cap gains

Published 19 Oct, 2022 05:54am

NEW YORK: US stock indexes rose on Tuesday as strong results from Goldman Sachs calmed worries of a substantial hit...

Goldman to merge investment banking, trading as Marcus takes backseat

Published 18 Oct, 2022 10:06am

NEW YORK: Goldman Sachs Group Inc is expected to announce a major reorganization of its business lines on Tuesday,...

Goldman to combine investment banking and trading as part of major overhaul

Published 17 Oct, 2022 10:53am

Goldman Sachs Group Inc plans to restructure its biggest businesses into three divisions, the Wall Street Journal...

Goldman Sachs appoints Luke Sarsfield as co-head of asset management unit

Published 24 Jan, 2022 07:37pm

Goldman Sachs Group Inc said it has appointed Luke Sarsfield as the global co-head of its $2.47 trillion...

Goldman Sachs thrives on global dealmaking frenzy to post bumper profit

Updated 15 Oct, 2021 06:16pm

Net earnings applicable to common shareholders rose to $5.28 billion in the quarter ended Sept. 30

Goldman Sachs to mandate COVID vaccine for staff, visitors at US offices

Published 25 Aug, 2021 10:24am

A Goldman Sachs spokesperson confirmed the contents of the memo

Goldman Sachs to raise pay for junior investment bankers

Updated 02 Aug, 2021 10:54am

Citi Group, Morgan Stanley, UBS Group AG and Deutsche Bank AG have already increased pay for their first-year analysts to around $100,000, a raise of about $15,000

Goldman shareholders nearly approve proposal requiring mandatory arbitration report

Published 29 Apr, 2021 07:47pm

While it did not pass, roughly 49% of Goldman shares voted in support of a proposal submitted by the Nathan Cummings Foundation to require the bank to conduct a report on the issue, according to a preliminary tally of the votes at the bank's annual meeting on Thursday.
The proposal would have examined how the bank's use of mandatory arbitration in employee complaint cases may "allow harassment and discrimination to go unseen," according to the foundation's statement.

Goldman Sachs communications head Jake Siewert to leave

Published 16 Apr, 2021 05:31pm

Siewert, a veteran of the Clinton and Obama administrations, joined the Wall Street bank in 2012. Before that, he was a top aide to former Treasury Secretary Timothy Geithner.
Siewert led Goldman's makeover efforts after the 2008 global financial crisis and was also involved in the launch of Marcus, its online retail banking division, the report said.

Goldman profit smashes expectations on booming investment banking

Published 14 Apr, 2021 05:11pm

Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.

Citi hires Goldman’s chief diversity officer

Published 27 Mar, 2021 05:41am

NEW YORK: Citi Group has hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity...

Citi hires Goldman's chief diversity officer

Published 26 Mar, 2021 08:12pm

Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.

ABB prepares turbocharging unit for sale or spin-off, picks banks

Published 17 Mar, 2021 06:06pm

Chief Executive Bjorn Rosengren said last month that ABB would exit the business towards the end of 2021, adding that the business generates around 75% of its sales form services, which made it very resilient.
People familiar with the matter have said that the turbocharger business could raise fetch a price tag of $1.5 to $2 billion.

Goldman Sachs profit more than doubles on underwriting, trading boost

Published 19 Jan, 2021 07:32pm

Revenue from global markets, which houses the bank's flagship trading business, registered its best annual performance in a decade.
Total revenue climbed 18% to $11.74 billion. The bank's net earnings applicable to common shareholders rose to $4.36 billion.

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World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 4	160
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
India Sensex / Jun 4	74,360.01
Tokyo Nikkei / Jun 4	67,470.69
Nasdaq / Jun 4	26,830.96
Hang Seng / Jun 4	25,253.40
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29

Item	Value
Crude Oil USD/Barrel / Jun 4	92.89
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Cotton US¢/pound / Jun 4	78.49
Petrol/Litre / Jun 5	381.78
Diesel/Litre / Jun 5	380.78

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Goldman Sachs Group

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