Shanghai, Hong Kong stocks rise, led by financial shares; Shenzhen stocks down SHANGHAI: Shanghai and Hong Kong stocks rose on Thursday, led by gains in financials and state-owned enterprise... Published 04 May, 2023 10:23am
Technology Samsung bans use of ChatGPT for mobile, appliances staff SEOUL: Samsung Electronics is banning employees in its mobile and appliances division from using generative AI... Published 02 May, 2023 03:14pm
Markets Treasury bills squeezed as debt ceiling deadline looms SINGAPORE: Short-dated Treasury bills were under pressure on Tuesday and the cost of insuring against a US default... Published 02 May, 2023 10:31am
Markets Goldman Sachs raises ECB terminal rate forecast to 3.75% Goldman Sachs on Tuesday raised its terminal rate forecast for the European Central Bank (ECB) to 3.75% from 3.5%,... Published 19 Apr, 2023 12:52pm
Business & Finance Goldman Sachs results hit by slowdown in corporate mergers NEW YORK: A slowdown in corporate transactions and weak trading results weighed on Goldman Sachs’ first-quarter... Published 18 Apr, 2023 06:32pm
Markets Copper prices rise, supported by lower inventories LONDON: Copper prices in London rose on Wednesday due to support from lower inventories and despite continuing... Published 06 Apr, 2023 06:20am
Markets Goldman sees elevated OPEC pricing power, $100 per barrel by April 2024 after supply cut Goldman Sachs says crude oil production cuts by OPEC could result in a significantly larger deficit in the market,... Published 04 Apr, 2023 01:04pm
Markets Major Gulf markets rise, tracking oil prices Major stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher following a surprise... Published 03 Apr, 2023 01:18pm
Markets Most Gulf bourses end higher ahead of Fed decision DUBAI: Most Gulf stock markets ended higher on Wednesday as fears of a banking crisis receded and hopes of a more... Published 23 Mar, 2023 05:47am
Business & Finance Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign... Published 20 Mar, 2023 09:07pm
Business & Finance Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis LONDON: Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, ... Published 19 Mar, 2023 03:33am
Business & Finance Deutsche Bahn picks three banks to sell $20bn logistics unit FRANKFURT: German rail operator Deutsche Bahn has selected Goldman Sachs, Morgan Stanley and Deutsche Bank to run a... Published 13 Mar, 2023 06:15am
Markets Goldman Sachs seen unveiling medium-term goals at investor day NEW YORK: Goldman Sachs Group Inc Chief Executive David Solomon and his top executives are expected to unveil the... Published 28 Feb, 2023 01:13pm
Opinion Goldman Sachs CEO, after missteps, to take center stage at investor day Goldman Sachs Group Inc’s Chief Executive David Solomon faces a reality check from investors on Tuesday as he... Updated 25 Feb, 2023 07:04am
Markets China stocks mark best day in nearly three months SHANGHAI: China stocks saw their best day since end-November on Monday as risk appetite improved on hopes of the... Published 21 Feb, 2023 05:58am
Markets Wall Street drops as investors fret about interest rates US markets closed today for Presidents’ Day Published 20 Feb, 2023 06:26am
Markets Goldman Sachs now expects three more Fed rate hikes in 2023 Goldman Sachs said it now expects the US Federal Reserve to raise interest rates three more times this year, by a... Published 17 Feb, 2023 02:22pm
BR Research Oil holds firm ground Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest... Published 14 Feb, 2023 09:32am
Markets Oil prices rise over 2pc on Russian plan to cut output NEW YORK: Oil prices rose more than 2 percent on Friday and posted weekly gains of over 8%, as Russia announced ... Published 13 Feb, 2023 05:57am
Business & Finance JPMorgan to hire more than 500 small-business bankers over 2 years MIAMI: JPMorgan Chase & Co, the largest US lender, plans to hire more than 500 bankers catering to small... Published 13 Feb, 2023 05:57am
Business & Finance Yahoo to lay off more than 20% of staff Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of... Published 10 Feb, 2023 12:26am
Business & Finance Goldman misses profit estimates as asset management takes hit BENGALURU: Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as ... Published 23 Jan, 2023 05:57am
Markets Dow falls on Goldman results, Tesla limits S&P 500 losses NEW YORK: The Dow fell on Tuesday as Goldman Sachs weighed the most on the index after missing quarterly profit... Published 18 Jan, 2023 06:22am
Business & Finance Goldman Sachs misses profit estimates on dealmaking slump Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy... Published 17 Jan, 2023 06:18pm
Business & Finance Global banks cut jobs as cost pressures mount LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking... Published 16 Jan, 2023 06:18am
Business & Finance Goldman Sachs platform solutions business lost $1.2bn in 9-months Goldman Sachs Group Inc disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion... Published 13 Jan, 2023 06:32pm
Markets US banks get ready for shrinking profits and recession NEW YORK: US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile... Published 10 Jan, 2023 12:01pm
Markets Goldman Sachs to cut 3,200 jobs: source NEW YORK: Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the... Published 09 Jan, 2023 12:17pm
Business & Finance US dollar may rise further vs yen despite BOJ move: Goldman NEW YORK: The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday,... Published 26 Dec, 2022 05:48am
Opinion Fed’s balance sheet drawdown could sunset next year The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ... Published 23 Dec, 2022 06:14am