India is likely to go ahead with an oil tax cut to soften retail prices, said Bank of America Securities. Synopsis International crude oil prices have surged to their highest levels in 13 months recently, led by a strong demand outlook due to recovery in global economies as well as supply disruptions in the Middle … Read more
WASHINGTON: U.S. employers shed jobs last month for the first time since April, cutting 140,00 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn’t fallen since April. Friday’s figures from … Read more
New York: Goldman Sachs Group will pay a record foreign bribery penalty in the US and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund. A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to … Read more
By Cormac Mullen Traders need to reduce expectations that a delayed U.S. election result could upend markets, according to Goldman Sachs Group Inc. While a delayed outcome is a “tail risk,” a combination of early results, voter turnout, county-level data and the high correlation of polling errors across states suggests investors will have enough information … Read more
NEW DELHI: Morgan Housel says making money on investments is not a complicated thing, but it isn’t easy either. “Not everyone can or will master the emotional side of investing. To achieve extreme success, one needs a bit of luck,” he told ETNow in an interview. Housel, partner at venture capital firm The Collaborative Fund, … Read more
By Ranjeetha Pakiam Gold will extend its record-setting rally on “massive currency debasement” and expectations for further stimulus, according to SkyBridge Capital, which recently added exposure to the metal after exiting in 2011. “When you think of currency debasement the question is, what is the dollar going to weaken against, and when you look around … Read more