LONDON: A drubbing in world equity markets and a huge flight to safety into US Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon. Data from the United States and China, which account for more than half of world growth, suggests a slowdown in the … Read more
Apple is working on a service that will let users pay for any Apple Pay purchase in instalments, Bloomberg News reported on Tuesday, sending shares of Afterpay and other ‘buy now, pay later’ (BNPL) companies sharply lower. Apple will use Goldman Sachs, its existing partner since 2019 for the Apple Card credit card, as the lender … Read more
Apple is working on a service that will let users pay for any Apple Pay purchase in instalments, Bloomberg News reported on Tuesday, sending shares of Afterpay and other ‘buy now, pay later’ (BNPL) companies sharply lower. Apple will use Goldman Sachs, its existing partner since 2019 for the Apple Card credit card, as the lender … Read more
Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card. New York-based Morgan Stanley said this week that all employees will be required to attest to their vaccination status. Those who are not vaccinated will be required to work remotely, which … Read more
Gold struggled for direction in choppy trading on Friday en route to its worst week in nine months as the resumed its rally while investors took stock of the US Federal Reserve‘s hawkish outlook. Spot gold edged 0.2% down to $1,770.60 per ounce by 10:28 a.m. EDT (1428 GMT), stalling an initial uptick on some … Read more
NEW DELHI: Online furniture company Pepperfry would be in the unicorn club — companies with a valuation of more than USD 1 billion — by the time its initial public offer hits the market, a top official of the company said on Monday. Pepperfry co-founder and COO Ashish Shah while sharing plans to expand offline … Read more
British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group. Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what … Read more
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns, forcing it to downgrade India’s GDP growth forecast for the full year to 10.5 per cent from 10.9 per cent, apart from pegging down stock indices valuation … Read more
NEW YORK/HONG KONG: US investor Sung Kook “Bill” Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan’s Nomura Holdings Inc gave him one. Nomura had previously had a relationship with Hwang’s Tiger Asia Management LLC before the investment firm shut down in … Read more
Kolkata: Suryoday Small Finance Bank has raised Rs 170 crore from 13 anchor investors, including Axis Mutual Fund Trustee, ICICI Prudential Life Insurance Company and Goldman Sachs, at Rs 305 per equity share – the upper band of the IPO price. The allocation covered 29% of the IPO size and 68.4% of the total fresh … Read more