Investment banks ramp up peak rates forecasts after hawkish ECB LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the... Published 19 Dec, 2022 07:27am
Business & Finance Goldman to cut thousands of staff as Wall Street layoffs intensify NEW YORK: Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic... Published 17 Dec, 2022 06:57am
Opinion Deutsche Bank’s rollercoaster ride towards more stability In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on... Published 17 Dec, 2022 05:58am
Business & Finance Pakistan projected to be sixth-largest economy by 2075 KARACHI: A research paper published by Goldman Sachs on Tuesday projected Pakistan to be the sixth largest economy ... Published 08 Dec, 2022 06:47am
Markets Goldman Sachs on hunt for bargain crypto firms after FTX fiasco LONDON: Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the... Published 06 Dec, 2022 01:05pm
World India’s growth to slow in 2023 on fading reopening impact: Goldman Sachs MUMBAI: Goldman Sachs expects India’s economic growth to slow to 5.9% next year, from an estimated 6.9% growth in... Published 21 Nov, 2022 12:14pm
Business & Finance Top bankers give mixed views on global risks at summit HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong... Published 03 Nov, 2022 05:50am
Markets Gold dips on firm dollar, but hopes of less aggressive Fed cap decline Gold prices slipped on Monday, having risen 1.8% in the previous session, as the US dollar firmed, although faint... Published 24 Oct, 2022 10:05am
Markets Japan’s yen jumps on suspected BOJ intervention, fails to keep gains SINGAPORE: The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early... Published 24 Oct, 2022 09:44am
Opinion Goldman Sachs’ consumer pivot solves one question, but makeover raises more Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into... Published 20 Oct, 2022 05:36am
Markets UK finance minister seeks to stem bond rout by rushing forward tax plan LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in... Published 17 Oct, 2022 12:35pm
Business & Finance Goldman Sachs sees deeper UK recession after tax U-turn NEW YORK: Goldman Sachs analysts have downgraded Britain’s economic outlook after Prime Minister Liz Truss removed... Published 17 Oct, 2022 05:57am
Markets Oil prices jump after US crude, fuel stocks drop, dollar weakens NEW YORK: Oil prices rose on Wednesday for a second day, rebounding from recent losses as the US dollar eased off... Published 29 Sep, 2022 05:54am
Markets Copper rebounds from two-month low as dollar weakens LONDON: Copper prices recovered from a more than two-month low on Wednesday after the dollar weakened, with worries... Published 29 Sep, 2022 05:54am
Business & Finance Goldman Sachs closes $9.7bn private-equity fund, largest since 2007 NEW YORK: Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks... Published 27 Sep, 2022 05:23pm
Markets Wall Street slips on rate-hike jitters NEW YORK: Wall Street’s main indexes slipped in choppy trading on Monday, extending declines for a third straight... Published 20 Sep, 2022 05:51am
World Goldman Sachs cuts 2023 US GDP forecasts NEW YORK: Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive... Published 17 Sep, 2022 09:21pm
Opinion Market mayhem awaits Britain’s new leader Liz Truss, on course to become Britain’s prime minister on Monday, looks set to walk straight into a financial... Published 03 Sep, 2022 04:25am
Business & Finance Sterling edges lower LONDON: Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single... Published 31 Aug, 2022 05:50am
Business & Finance Pound falls to lowest since March LONDON: The British pound fell to its lowest level since March 2020 on Monday as mounting concern about the economic... Published 30 Aug, 2022 06:21am
World China’s unemployment insurance payouts hit record high in June BEIJING: China’s unemployment insurance payouts hit a record high in June, adding to signs of a struggling labour... Published 24 Aug, 2022 02:57pm
Markets South Korean won leads declines in Asia FX as Fed hawks heighten growth worries China’s yuan eased 0.1% to its weakest in almost two years after the central bank cut its benchmark lending rate and... Published 22 Aug, 2022 11:45am
Markets Oil edges up as strong economic data feeds hopes for demand Front-month Brent prices last week hit the lowest since February Updated 08 Aug, 2022 08:54pm
Markets Goldman Sachs’ Leland to return to London in new role HONG KONG: One of Goldman Sachs’ most senior bankers in Asia, Todd Leland, is leaving the region to become the... Published 20 Jul, 2022 11:58am
Business & Finance Goldman Sachs profits tumble despite strong trading results NEW YORK: Goldman Sachs reported a 48 percent drop in quarterly earnings Monday after setting aside more funds in... Published 18 Jul, 2022 06:27pm
Opinion Bruised investors seek shelter in US healthcare stocks Shares of US healthcare companies are gaining favor as investors bank on their ability to weather rocky economic... Published 14 Jul, 2022 05:00am
Business & Finance Iran applies to join China and Russia in BRICS club DUBAI/LONDON: Iran, which holds the world’s second largest gas reserves, has applied to join the BRICS group of... Published 29 Jun, 2022 05:44am
Business & Finance Goldman Sachs expects over $1.2bn losses from consumer unit this year Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2... Published 28 Jun, 2022 07:13pm
Markets China approves ICBC-Goldman JV to start offering wealth services Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs... Published 24 Jun, 2022 06:13pm
World Goldman Sachs raises probability of U.S. recession to 30% over next year Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous... Published 21 Jun, 2022 05:50pm