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Goldman Sachs Group Inc. was among major global banks to post lower profit in Japan last year, pulling back from a bumper 2023. Net income at Goldman Sachs’s local securities arm fell 30% in the year ended Dec. 31 to ¥27.6 billion , down from a 14-year high marked in the previous year, a filing…
(Bloomberg) — US Federal Reserve Governor Michelle Bowman, who’s on track to become vice chair for supervision, has turned to the banking world for three staff picks, according to people familiar with the matter. The new staffers include Randall Guynn, who was chairman of Davis Polk & Wardwell’s financial institutions group in New York until…
Small-cap stock Archean Chemical Industries declined nearly 4 per cent in intraday trade on the BSE on Thursday, May 8, looking set to extend losses to the third consecutive session. Archean Chemical Industries share price opened at ₹603.25 against its previous close of ₹605.40 and declined 3.6 per cent to an intraday low of ₹583.45….
US Fed policy in focus: Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut in June. Data on Friday showed, nonfarm payrolls increased more than expected in April,…
Vodafone Idea share price will be in focus on Monday after a major block deal in the telecom company’s shares last week. On Friday, Vodafone Idea had plunged nearly 6%. While Nokia Solutions and Networks sold nearly 103 crore Vodafone Idea shares, Goldmann Sachs purchased around 60 crore shares of the company through bulk deals….
Nokia Solutions and Networks India on Friday divested nearly 1 per cent stake in debt-saddled telecom operator Vodafone Idea for ₹786 crore through an open market transaction. According to the bulk deal data on the NSE, Nokia Solutions and Networks India sold 102.70 crore shares, amounting to a 0.95 per cent stake in Vodafone Idea….
(Bloomberg) — The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Fidelity…
Global investment firm Goldman Sachs has adopted a more optimistic view on Indian financials, suggesting that the worst may be behind for the sector. In a recent report, the brokerage highlighted early signs of improvement in asset quality and operating profitability, prompting it to upgrade select banking and financial names based on earnings visibility and…