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Goldman Sachs Group

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

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

Published 23 Aug, 2023 10:42am

Business & Finance

Goldman Sachs weighs sale of part of its wealth business

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

Published 22 Aug, 2023 06:03am

Markets

Goldman Sachs to cut asset management investments that weighed on earnings

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

Published 23 Jan, 2023 12:12pm

Markets

Goldman Sachs sees Fed rates peaking at 5% in March

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

Published 30 Oct, 2022 01:16pm

Markets

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

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

Published 19 Oct, 2022 05:54am

Markets

Goldman to merge investment banking, trading as Marcus takes backseat

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

Published 18 Oct, 2022 10:06am

Markets

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

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

Published 17 Oct, 2022 10:53am

Markets

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

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

Published 24 Jan, 2022 07:37pm

Business & Finance

Goldman Sachs thrives on global dealmaking frenzy to post bumper profit

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

Updated 15 Oct, 2021 06:16pm

Markets

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

A Goldman Sachs spokesperson confirmed the contents of the memo

Published 25 Aug, 2021 10:24am

Markets

Goldman Sachs to raise pay for junior investment bankers

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

Updated 02 Aug, 2021 10:54am

Business & Finance

Goldman shareholders nearly approve proposal requiring mandatory arbitration report

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.

Published 29 Apr, 2021 07:47pm

Business & Finance

Goldman Sachs communications head Jake Siewert to leave

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.

Published 16 Apr, 2021 05:31pm

Business & Finance

Goldman profit smashes expectations on booming investment banking

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.

Published 14 Apr, 2021 05:11pm

Business & Finance

Citi hires Goldman’s chief diversity officer

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

Published 27 Mar, 2021 05:41am

Business & Finance

Citi hires Goldman's chief diversity officer

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.

Published 26 Mar, 2021 08:12pm

Business & Finance

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

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.

Published 17 Mar, 2021 06:06pm

Business & Finance

Goldman Sachs profit more than doubles on underwriting, trading boost

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.

Published 19 Jan, 2021 07:32pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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