• Elliott Management held onto its spot as the busiest activist, having launched 17 campaigns last year after 11 in 2019.

• Goldman Sachs estimated that with the Biden plan, "households will represent the largest source of demand for US stocks in 2021."

A pause in the US dollar’s steep downtrend shows signs of morphing into a more robust rebound, posing a threat to...

• The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said.
• Its enterprise business recorded $1.3 billion in net revenue in fiscal year 2020, McAfee said.

• Sago, a Goldman Sachs alumnus and former chief investment officer of Japan Post Bank Co where he was one of "Seven Samurai" who engineered a more aggressive investing approach, took the newly created strategy job at SoftBank in 2018.
• Sago "played a crucial part in expanding SBG's potential as an investment company," Son said in a statement, which did not provide a reason for the departure.

• Seymour's exit follows the departure of Goldman partner Omer Ismail, who had been heading the Marcus consumer banking unit.

• Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.

*Goldman's robo-adviser will allocate and rebalance customers' wealth based on models developed by the bank's investment-strategy group, which has traditionally catered to institutions and the ultra-rich. * Marcus Invest offers individual and joint investment accounts, as well as three types of individual retirement accounts, the bank said.

• The low-cost platform, Marcus Invest, will allocate wealth based on models developed by the bank's investment-strategy group.
• Solomon was one of the people who beta-tested the new investment app, according to a Wall Street Journal report on Tuesday.

• Mohammed Zina was employed by Goldman Sachs International as an analyst in the Conflicts Resolution Group in their London office. Suhail Zina was a solicitor at Clifford Chance, also in London.
• Goldman Sachs said the protection of confidential client information is of paramount importance for the bank, and it has worked very closely with the FCA.

• The transaction will be launched in the near future subject to market conditions.
• The Treasury has appointed Citigroup, Deutsche Bank , Goldman Sachs, Monte dei Paschi di Siena Capital Services and Nomura to work on the deal.

HONG KONG: Global financial firms including Goldman Sachs, BlackRock and Fidelity International are poised to add...

• Goldman, for example, is planning to hire domestically while also tapping overseas talent networks to find the 70 new staff, the spokesman said.

• Japan's real wages fell for the 10th straight month in December. Data also showed the country's currency in circulation and bank deposits rose at a record pace in January, a sign companies and households continued to hoard cash due to uncertainty over the pandemic.

NEW YORK: ICE cotton futures dipped more than 1% on Friday, as index funds rolled over their positions from the...

• Spot gold, meanwhile, fell 1.2pc to $1,837.21 per ounce. U.S. gold futures shed 1.3pc to $1,839.80.

• U.S. oil and gas drillers are gearing up for a pick-up in demand. As higher prices make new wells profitable again, they added rigs for a sixth month in a row in January.

SAN FRANCISCO: Goldman Sachs cut its CEO David Solomon’s 2020 salary by $10 million to $17.5 million because of ...

• "The amounts of remuneration reflect the decision announced by the board of directors," said a securities filing that also detailed pay-cuts for COO John Waldron and CFO Stephen Scherr.

• Base rate 0.6%, O/N deposit rate -0.05%.
• Decision in line with expectations.
• Forint steady at one-week-lows.
• Vice Governor has flagged cautious policy.
• Bank expects to overshoot CPI target in Q2.

• Along with the dollar gaining momentum, sluggish crude markets weighed on commodity-reliant currencies, with Colombia's peso dropping up to 2.2% to a near two-month low.

NEW YORK: Goldman Sachs said its three-month Turkish lira forecast was 7.00 to 7.50 to the dollar and said further...

• The lira has strengthened since early December when the central bank said it would keep monetary policy tight in the new year.

NEW YORK: Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a...

• Revenues rose 18 percent to $11.7 billion.

• IFR said the pricing of the 5-year tranche was in the 5.25% area and pricing of the 10-year tranche was in the 6.25% area.
• The two issues will be finalised with the 5-year around 5% and the 10-year around 6%. With high demand, its possible they may be a bit lower.

• The bank's net earnings applicable to common shareholders rose to $4.36 billion in the quarter ended Dec. 31 from $1.72 billion a year ago.
• Earnings per share rose to $12.08 from $4.69 a year earlier.

• The Canadian dollar eased to $1.2731 on reports Biden would cancel a permit for the Keystone XL pipeline as one of his first acts in office.

• The Jiangsu-based biopharmaceutical firm said TYVYT_ is co-developed in China by the company and US-based peer Eli Lilly.