Inside Goldman Sachs’ years-long power struggle over its China venture
A deal with a prominent Chinese banker gave the US group market access, but securing full control cost a lot more than it expected
A deal with a prominent Chinese banker gave the US group market access, but securing full control cost a lot more than it expected
[International] :
The U.S. investment bank Goldman Sachs has projected higher tariffs as a result of Donald Trump’s U.S. election victory, not only for China but also for South Korea, Taiwan and other Asian countries.
According to the U.S. broadcaster CBNC on Monday, Andrew Tilton, Goldman’s chief Asia-Pacific economist, ...
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Goldman Sachs has lowered its forecast for 2025 eurozone GDP growth to 0.8 per cent from 1.1 per cent. Europe’s economy will be hit by the return of Donald Trump as president, due to the likelihood of new trade tensions with the US, pressure to raise defense spending and a blow to business confidence due to higher geopolitical risks, its experts believe. European companies may also face tariffs.
Goldman Sachs has lowered its forecast for 2025 eurozone GDP growth to 0.8 per cent from 1.1 per cent. Europe’s economy will be hit by the return of Donald Trump as president, due to the likelihood of new trade tensions with the US, pressure to raise defense spending and a blow to business confidence due to higher geopolitical risks, its experts believe. European companies may also face tariffs.
The Bhartia family and Goldman Sachs are joining forces for a significant deal. They are planning to acquire a large stake in HCCB, the bottling arm of Coca-Cola in India. Goldman Sachs will provide substantial financial backing for this venture. The deal involves a planned future listing of HCCB, allowing Goldman Sachs to exit strategically. This move mirrors PepsiCo's successful strategy with Varun Beverages.
Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Meta, Goldman Sachs, Google, and Tesla are among those shedding staff.
LONDON, Nov. 1, 2024 — Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, University College London (UCL), and Professor Simon Benjamin, University of Oxford, has worked […]
The post Quantum Motion and Goldman Sachs Identify Quantum Applications in Financial Services Project appeared first on HPCwire.
At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.
Steven G. Mandis of Columbia Business School discusses his book, "What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences."
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Storied Wall Street bank Goldman Sachs is going through some massive changes under CEO David Solomon.
It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking.
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Goldman Sachs (GS) has seen its shares tumbling from its 52-week high of $250.46 touched in mid-January after the coronavirus pandemic started gripping the world. The stock had recorded a 52-week low of $130.85 by mid-March. Since then, the stock has been volatile. On Tuesday, it traded up $1.30% or $2.29 to close at $178.30.
Donald Trump sold out his supporters and the 99% by selecting Wall Streeters and war mongers for his top cabinet positions. Continue reading
Storied Wall Street bank Goldman Sachs is going through some massive changes under CEO David Solomon.
It's taken big steps involving transparency and inclusion to change up its culture. It has seen a slew of partner departures — many in the securities division. And it's making big pushes into businesses like wealth management and transaction banking.
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Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief.
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Goldman Sachs Group Inc. sees an end to the gloom for solar manufacturers as demand in China stabilizes and free-falling panel prices bottom out.
Goldman Sachs Group Inc. sees an end to the gloom for solar manufacturers as demand in China stabilizes and free-falling panel prices bottom out.
Initial optimism following the phase one trade deal has slipped a bit and the market is starting to price in "some greater concerns" about U.S.-China friction, over trade as well as the coronavirus crisis, says Timothy Moe, Goldman Sachs' co-head of macro research in Asia and chief Asia Pacific equity strategist.
After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom.
Paige, the Sloan-Kettering spinout that has been building an artificial intelligence platform to improve cancer pathology and subsequently use those insights to develop better drug therapies, has raised an additional $5 million in funding to continue its work commercialising its platform and expanding its research reach, while also getting FDA clearance to launch in hospitals […]
Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […]
Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […]
The Members Exchange just received approval from the US Securities and Exchange Commission to operate as a national securities exchange.As a result, the startup exchange said it's on track to go live during the third quarter of 2020. MEMX is backed back some of the biggest firms are on Wall Street, including JPMorgan, Goldman Sachs, and Charles Schwab. Click here for more BI Prime stories.An upstart stock exchange backed by some of Wall Street's biggest names just got approval from the industry's top regulator.The Members Exchange, a startup exchange backed by JPMorgan, Goldman Sachs, Morgan Stanley, and Charles Schwab, among others, said on Tuesday it received approval from the US Securities and Exchange Commission to operate as a national securities exchange.MEMX's approval comes less than
Ellias Preko, a Ghanaian national used his 'expertise and veneer of respectability' to flush dirty money out of Nigeria.The money was plundered by former governor James Ibori.
The Duke of Sussex is said to have discussed following in the footsteps of David Beckham and Gwyneth Paltrow by speaking at one of the Talks at GS events.
Saskia Pot, 28, hit her father Wiet Pot, who has an estimated net worth of one billion euros, at a £2.6million home in Richmond, London. Her mother, a psychiatrist, said she was 'scared' of her.
Goldman Sachs has seen senior-level management changes in Asia amid falling deal volume in the region. The WSJ's Deborah Kan speaks to Asia finance correspondent Alison Tudor about the latest changes.
Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research said in a note.
Analysts across the board have been warning about a heavy economic toll due to the pandemic. Analysts at domestic rating agency Icra have warned of a contraction in the GDP in FY21. The agency has estimated a minus two per cent growth for the country. Japanese brokerage Nomura warned of a likely downgrade of the sovereign.