Goldman Sachs boosted by investment banking
Goldman Sachs Group’s investment banking arm lifts earnings for the firm in the first-quarter, offsetting lower trading revenues.
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Senior Goldman Sachs Middle East banker resigns: sources
DUBAI - Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm's biggest clients in the Middle East, has resigned, two sources familiar with the matter said.
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Reuters
Goldman Sachs Turns Bearish on Gold
Investment bank Goldman Sachs Group Inc. said Wednesday that gold's prospects for the year have eroded, recommending investors close out long positions and initiate bearish bets, or shorts.
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Exclusive: Goldman Sachs reaches deal to halt move to split top roles
For the second year in a row, Goldman Sachs Group fended off a shareholder proposal that would have stripped Chief Executive Lloyd Blankfein of his chairman's title. Instead, Goldman agreed with a union-backed investment group to increase the powers of its lead director.
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Reuters
China Recovery Dogged by Doubt as Data Questioned
BEIJING — China reported stronger trade in March in a possible positive sign for its recovery but analysts said the data might be inflated and give a distorted picture of the economy’s health. Imports rose 14.1 percent after growing 5 percent rate for the combined January-February period, customs data showed Wednesday, suggesting Chinese manufacturers and consumers might be buying more. Export growth slowed to 10 percent from the previous two-month period’s 23.6 percent. That could add to challenges for newly installed Communist Party leaders as they try to sustain the rebound from China’s deepest downturn since the 2008 global crisis and avoid job losses. Analysts said, though, the data might be distorted by companies misreporting trade or government manipulation, clouding the picture of whether an economic recovery is gaining traction. Exports probably are lower than reported, based on what is known about shipments into Hong Kong, which Beijing lists as its biggest trading partner, ...
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