Oil gains after Trump cancels Chevron’s Venezuela license TOKYO/SINGAPORE: Oil prices climbed for the first time in three days on Thursday, with supply worries resurfacing... Updated 27 Feb, 2025 01:13pm
World Russia’s wealth fund chief says Trump is a problem solver ahead of Riyadh talks RIYADH: The head of Russia’s sovereign wealth fund on Tuesday described US President Donald Trump as a problem... Published 18 Feb, 2025 11:31am
Markets European shares log longest weekly streak of advances in a year FRANKFURT: Europe’s main stock index closed lower on Friday, as investors paused following four successive sessions... Published 15 Feb, 2025 05:54am
Business & Finance Trump’s tariffs to have limited impact on oil, gas prices, Goldman Sachs says The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have... Published 03 Feb, 2025 10:05am
Business & Finance Goldman Sachs raises US gas price forecast amid colder winter Goldman Sachs has raised its forecast for US natural gas prices to $3.60 per million British thermal units (MMBtu)... Published 28 Jan, 2025 11:23am
Business & Finance JPMorgan earns biggest-ever annual profit NEW YORK: JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall... Published 16 Jan, 2025 03:04am
Business & Finance Economists say Los Angeles fire to have limited national economic impact Devastating fires in the Los Angeles area are likely to put modest pressure on the U.S. national economy in the near... Published 15 Jan, 2025 08:05am
Markets China stocks dip in scramble for offshore assets amid deflationary pressure SHANGHAI: China stocks slipped on Thursday as official data underscored persistent deflationary pressure despite... Published 10 Jan, 2025 03:51am
Markets China’s yuan falls to 16-month low despite firmer fix, state media messages SHANGHAI: China’s yuan weakened to a fresh 16-month low against the dollar in early trading on Monday, despite a... Published 06 Jan, 2025 10:56am
Markets Oil heads for 2% weekly decline as supply risks ease LONDON: Oil prices were steady on Friday and heading for a weekly drop of more than 2%, pressured by easing concern... Updated 29 Nov, 2024 08:06pm
Markets OPEC+ production cuts may support oil prices in near term, Goldman Sachs says Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting... Published 27 Nov, 2024 11:34am
Business & Finance Goldman Sachs downgrades Hong Kong stocks to underweight SINGAPORE: Hong Kong stocks are cheap but may miss out on the benefits of China’s efforts to support its economy,... Published 18 Nov, 2024 10:53am
Business & Finance Goldman cuts Indian equities to ‘neutral’ as economic, earnings growth slows Goldman Sachs tactically lowered Indian equities to “neutral” from “overweight” on Tuesday, as the country’s slowing... Published 23 Oct, 2024 10:49am
Markets China’s yuan firms on report Beijing considering more economic stimulus SHANGHAI/BEIJING: China’s yuan inched higher against the dollar on Thursday, supported by positive investor... Published 26 Sep, 2024 11:41am
Markets Goldman Sachs says oil subject to downside into 2025-2026 due to surplus SINGAPORE: Oil prices are still subject to downside into 2025-2026 amid a surplus market, Daan Struyven, head of oil... Published 09 Sep, 2024 11:45am
Technology ByteDance eyes $9.5bn in record Asia dollar corporate loan, Bloomberg News reports TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated... Published 02 Sep, 2024 03:00pm
Business & Finance Goldman Sachs to lay off over 1,300 employees, WSJ reports BENGALURU: Goldman Sachs plans to cut more than 1,300 employees from its global workforce as part of an annual ... Published 02 Sep, 2024 06:40am
Markets Gold price per tola decreases Rs200 in Pakistan After hitting record highs in the previous session, gold prices in Pakistan declined on Monday in line with the drop... Published 19 Aug, 2024 12:54pm
Business & Finance Goldman Sachs lowers odds of US recession to 20% from 25% Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from... Published 19 Aug, 2024 10:22am
Business & Finance Goldman Sachs profits more than double to $2.9bn NEW YORK: Goldman Sachs reported strong second-quarter results Monday demonstrating robustness across its trading,... Published 15 Jul, 2024 06:04pm
Business & Finance Goldman Sachs lowers China 2024 growth forecast to 4.9% Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back... Published 15 Jul, 2024 12:39pm
Markets Treasuries slip, dollar firm as markets grapple with US politics SYDNEY: US bond futures slipped and the dollar firmed on Monday as investors wagered the attack on US presidential... Published 15 Jul, 2024 10:21am
Business & Finance Goldman Sachs raises S&P 500 year-end target to 5,600 Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing... Published 17 Jun, 2024 11:40am
Markets Oil prices set for best week in two months on demand outlook LONDON: Oil prices were stable on Friday and on course for their best week in more than two months after solid... Updated 14 Jun, 2024 03:35pm
Markets Saudi says OPEC+ can pause or reverse oil output boost ST PETERSBURG: OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister... Published 07 Jun, 2024 06:24am
Markets Indian rupee set to rally after exit polls predict Modi win MUMBAI: The Indian rupee is expected to rally at the open on Monday after exit polls indicated a third term for... Published 03 Jun, 2024 10:17am
Markets Dow outshines peers on earnings boost NEW YORK: The Dow outpaced Wall Street peers on Monday, boosted by robust gains in Goldman Sachs, while rising... Published 16 Apr, 2024 03:38am
Markets Oil steadies after dip on Middle East ceasefire talks LONDON: Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel... Updated 08 Apr, 2024 08:32pm
Business & Finance Goldman Sachs digital asset head says crypto rally driven by retail investors LONDON, March 19 (Reuters) - The recent surge in cryptocurrency prices has been driven by retail investors, but... Published 29 Mar, 2024 04:44am
World Goldman Sachs, Mubadala ink $1bn private credit Asia-Pacific partnership deal Goldman Sachs and Abu Dhabi’s sovereign wealth fund Mubadala have struck a $1 billion deal, signing a seperately... Published 26 Feb, 2024 10:30am
