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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Goldman Sachs

EXCLUSIVE HSBC CEO says Bitcoin not for us
Business & Finance

EXCLUSIVE HSBC CEO says Bitcoin not for us

  • "For similar reasons we're not rushing into stablecoins," he said, referring to digital currencies such as Tether that seek to avoid the volatility typically associated with cryptocurrencies by pegging their value to assets such as the U.S. dollar.
Published 24 May, 2021 08:40pm
Goldman to launch Marcus UK robo-adviser early next year
Business & Finance

Goldman to launch Marcus UK robo-adviser early next year

  • "We are pivoting more into an investment and wealth provider rather than a full service digital bank," he said.
  • Goldman is shifting the focus of Marcus UK to wealth management to stay within UK banking rules which demand retail deposits totalling more than 25 billion pounds ($35 billion) be ring-fenced.
Published 17 May, 2021 07:39pm
Goldman readies US workers for return to offices in June
Business & Finance

Goldman readies US workers for return to offices in June

  • The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
  • Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.
Published 04 May, 2021 05:45pm
Stock markets mostly higher, oil drops
Markets

Stock markets mostly higher, oil drops

  • Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic backdrop that has reduced the need to set aside funds for bad loans.
Published 15 Apr, 2021 04:58pm
Capital Energy bows out of Spanish green IPO race
Markets

Capital Energy bows out of Spanish green IPO race

  • Spain's lofty targets to install wind farms and solar parks have caught the eyes of investors keen to deploy funds in a sector boosted by an international drive to cut planet-warming emissions.
  • Given the current volatility in the market around listed renewable energy companies and the foreseeable over-supply of stock market listings by other companies in the sector, now is not the right moment to list.
Updated 05 Apr, 2021 07:33pm
Goldman Sachs and EBRD to invest in Turkey's DgPays
Business & Finance

Goldman Sachs and EBRD to invest in Turkey's DgPays

  • Set up in 2017, DgPays has a solutions and service ecosystem that consists of 24 institutions, the statement said, adding that it serves the vast majority of the banking industry in Turkey.
  • The statement did not specify the size of the investment by Goldman Sachs' asset management division and the EBRD but said it represents one of the most significant foreign investments in Turkey's fintech sector to date.
Published 22 Mar, 2021 07:33pm
Goldman sees oil price pullback as buying opportunity
Markets

Goldman sees oil price pullback as buying opportunity

  • "We estimate that the oil market has remained in a large 2.5 million bpd deficit since February despite our estimate that Iran exports have increased by 0.7 million bpd year-to-date," Goldman said in a note dated March 18.
Published 19 Mar, 2021 11:35am