Goldman Sachs Group Inc has overhauled its main business units ahead of its quarterly results next week, the Wall Street bank said on Tuesday, as it seeks to provide investors with greater transparency into its financial performance.
World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged that prospects of an all-out conflict between the United States and Iran had eased.
Elon Musk showed off his dance moves at the launch of Tesla’s Model Y electric sports utility vehicle programme at its new Shanghai factory on Tuesday, where the company delivered its first cars built outside the United States to the public.
Oil prices on Tuesday surrendered some gains made over the previous days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander.
Saudi Arabia’s largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago. The Saudi court has accepted more than $7 billion in claims from creditors against the Algosaibi family’s conglomerate AHAB, and about $6.5 billion against tycoon Maan al-Sanea and his company Saad Group, two court documents seen by Reuters showed. A court-driven end to the saga would not only offer some relief to those creditors, …read more […]
Saudi Arabia’s largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago.
Saudi Arabia’s largest and longest debt saga, fueled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago. The Saudi court has accepted more than $7 billion in claims from creditors against the Algosaibi family’s conglomerate AHAB, and about $6.5 billion against tycoon Maan al-Sanea and his company Saad Group, two court documents seen by Reuters showed. A court-driven end to the saga would not only offer some relief to those creditors, …read more […]
Goldman Sachs Group Inc said on Tuesday it renamed its main business units ahead of its quarterly results next week, as part of the Wall Street bank’s efforts to provide greater transparency for investors into its financial performance.
The bank said it would report its future earnings, starting with the latest December quarter, under the newly named business units – investment banking, global markets, asset management and consumer & wealth management. Goldman renamed its institutional client services business as global markets, while investment management has been renamed as asset management, the bank said in a regulatory filing. …read more […]
South Korean panel maker LG Display Co Ltd will halt domestic production of liquid-crystal display (LCD) TV panels by the end of this year, its chief executive said on Monday, due to dropping LCD prices and a global supply glut.
Oil shocks aren’t the recession risk that they used to be for the U.S. …read more […]
Boeing’s best-selling plane was grounded in March 2019 after two fatal crashes in which all 346 passengers and crew were killed. There were 387 737 MAX planes being operated by 59 airlines at the time and a backlog of orders worth more than $500 billion at list prices. Aeromexico said on Jan. 6 it had reached a compensation agreement with Boeing over the grounding of the 737 MAX. …read more […]
The island was home to some of the biggest residential property sales in the country. …read more […]
Top news and what to watch in the markets on Tuesday, January 7, 2020. …read more […]
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]
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