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Goldman Sachs, IFF launch green finance working group
The International Finance Forum IFF, a Beijing-based think tank, and the BEIJing Goldman Sachs Group Inc launched a green finance working group on Saturday, the two said. The International Finance Forum IFF, a Beijing-based think tank, and the BEIJING Goldman Sachs Group Inc launched a green finance working group on Saturday, the two said....
Updated: 12/04/2021
Why the euro is getting better for European stocks
... risk assets, but the thesis is that the dollar's strength bodes well for European companies. The pan- European Stoxx 600 Index companies draw more than half of their revenues from outside the region - and the U.S. is one of their biggest markets. The Goldman Sachs Group Inc. strategists estimate that a 10% drop in the euro adds 2.5 percentage points to the gauge's annual earnings growth. It's time to pick stocks with the most money in the U.S. dollars, according to some strategists. According to Ben Laidler,...
Updated: 12/04/2021
Chinese ride-hailing service Didi to list on Hong Kong Stock Exchange
... value of Chinese tech companies in the U.S. and other foreign exchanges has fallen by more than 1 trillion after investors jitters about the crackdown. Didi was founded by Will Wei Cheng, a 2012 Alibaba veteran. Its president is Jean Qing Liu, a former Goldman Sachs managing director and daughter of Liu Chuanzhi , founder of the Lenovo Group. In 2018 it expanded abroad by acquiring Brazil 's 99 Taxis and setting up operations in Mexico . Didi operates in 16 countries, but almost 90 per cent of the 493 million ...
Updated: 12/04/2021
Citigroup seeks securities license in China
... restrictions that were in place for years. China allows foreign financial institutions to set up wholly owned units dealing with securities, futures and asset management. After buying stakes from their Chinese partners, both JPMorgan Chase Co. and Goldman Sachs Group Inc. were approved to take full ownership of their local securities ventures this year. Morgan Stanley , Credit Suisse and UBS Group AG have both obtained majority control of their local securities units. Citigroup said that they continue ...
Updated: 12/03/2021
Anand Rathi IPO subscriptions 1.60 times, 160%
... raised 194 crore from anchor investors ahead of the initial share sale. The transaction size is Rs 194 crore, and the company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at a price of Rs 550 apiece. BNP Paribas Arbitrage, Goldman Sachs Funds, Ashoka India Equity Investment Trust Plc, Kuber India Fund, SBI Mutual Fund MF ICICI Prudential MF, HDFC MF, Axis MF, Tata MF and Aditya Birla Sun Life MF are some of the anchor investors. Anand Rathi Wealth is one of the leading non-bank ...
Updated: 12/03/2021
Chinese Tech shares head to record lows as Didi begins U.S. delisting
... report that China plans to ban companies from going public on foreign stock markets through variable interest entities. Big international financial institutions increased their calls for bargain hunting last month, which led to a selloff this week. Goldman Sachs has upgraded Chinese equities to overweight from market-weight while BlackRock Inc. has had more neutral positions on China , up from underweight. All Charlie Penner, the Investor Reshaping Exxon From the Inside, is not Charlie Penner.
Updated: 12/03/2021
Oil goes up after OPEC sticks to supply plan
... Since October, Crude has dropped sharply due to growing signs major consuming nations would tap their reserves, the emergence of the new virus variant and a more hawkish Federal Reserve . Some analysts think the declines have been excessive, with Goldman Sachs Group Inc. saying prices have far overshot the impact of omicron and Bank of America sticking to its $85 a-barrel forecast in 2022. Morgan Stanley analysts led by Martijn Rats said that the decision of the OPEC could suggest that it is not all ...
Updated: 12/03/2021
City approves $700 million bond for One World TradeCenter
... Lower Manhattan after the terrorist attacks, plans to issue bonds this month on behalf of the Port Authority of New York New Jersey . In 2011, proceeds will be used to finance the 1,776 foot structure. Siebert Williams will manage the deal, as will Goldman Sachs Group Inc. and Goldman Sachs Group Inc. The agency approved developer Larry Silverstein's selection of Goldman to manage a $525 million refinancing for the nearby 7 World Trade Center . The first building was opened in May 2006, the first in the ...
Updated: 12/02/2021
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