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Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Despite the departures, Goldman still tops Wall Street’s league tables for mergers and acquisitions [NEW YORK] Goldman Sachs has lost more than a dozen senior investment bankers this year,...
Hong Kong’s bourse operator expands commodities business with Dubai unit
HONG Kong Exchanges & Clearing (HKEX) launched a new unit in Dubai to advance its commodities business, the exchange operator said on Monday (Oct 13).Commodity Pricing and Analysis Limited...
Bank Indonesia’s heavy bond buying to continue, analysts say
Although the central bank has cut rates by 1.25 percentage points this year, lending rates at commercial banks have so far declined at a much slower pace[JAKARTA] Indonesia’s central...
Warner Bros said to rebuff Paramount takeover approach
[CALIFORNIA] Warner Bros Discovery has rebuffed Paramount Skydance’s initial takeover approach for being too low, according to people familiar with the matter.Warner Bros rejected Paramount’s offer of around US$20...
EU scales up pressure against national barriers in finance
THE European Union’s (EU’s) executive arm warned of new infringement cases coming against member states that are blocking banking mergers as the bloc rushes to reduce national barriers so...
Goldman, BNP among banks exploring stablecoin-like digital money
A GROUP of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore stablecoin-like digital money, marking the latest push by...
Crypto sees more than US$6 billion in liquidations
(Bloomberg) – Cryptocurrency prices tumbled after US President Donald Trump said he would impose an additional 100 per cent tariff on China and export controls on software. Traders saw...
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
[NEW YORK] Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita Capital fund, according to a person...
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
[NEW YORK] Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war worries after months of improving relations between...
Gold’s record run creates new rulebooks for investors
Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve currency[LONDON] Investors are testing well-established...
