NEWSWORTHY
Goldman sees yuan gaining in reserves at expense of dollar and yen
China's currency is set to take an increasing share of world foreign-exchange reserves, with the dollar and yen having to make the most room proportionally for the newcomer on the block, according to Goldman Sachs Group Inc. An acceleration in foreign inflows into Chinese fixed ...
Asian brewer dubbed world's cheapest alcohol stock by Goldman Sachs
Thai Beverage PLC has earned the title of the world's "cheapest alcohol" pick at Goldman Sachs, with the Bangkok-based brewer now the worst performer in its consumer stocks coverage, although analysts say a turnaround in its operations next year will give the stock a ...
China's steelmakers seen smashing output records despite mill closures
China's steelmakers are smashing production records by pushing furnaces beyond their typical limits, offsetting nationwide closures that may be even more swingeing than government estimates, according to Goldman Sachs Group Inc. The world's top producer has trumpeted sweeping reforms in the past two years that ...
Ex-Goldman trader Yuzo Kano is hiring old rivals to build a cryptocurrency empire in Tokyo
Yuzo Kano is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs Group Inc. alumnus, who turned bitFlyer Inc. into Japan's largest bitcoin exchange, is scooping up traders and bankers from both his old employer and former rivals ...
Ex-Goldman banker brings dealmaking skills, sharpened on Toshiba unit sale, to startup eyeing IPO
A former Goldman Sachs Group Inc. investment banker who advised Toshiba Corp. on the sale of its $18 billion memory-chip unit is now applying his dealmaking skills at a Japanese startup that's looking to go public. Hidetoshi Uriu, who joined consulting matchmaker VisasQ Inc. as ...
Japan's corporations make strides to foster inclusive LGBT work environment
In May 2015, Hiroki Inaba, vice president of Goldman Sachs Japan Co.'s legal department, came out as gay, after almost 13 years with the company and 10 years since the company established its LGBT Network, which was formed by staff to promote understanding of ...
Nomura bought controversial Venezuelan bonds at discount: WSJ
Japanese investment bank Nomura Securities bought about $100 million worth of Venezuelan government bonds last week as part of the same transaction that has landed Goldman Sachs Group in the middle of a political storm, the Wall Street Journal reported on Wednesday. Nomura's trading arm ...
Big biz CEOs push back hard against Trump's temporary immigration ban
CEOs of some of the world's biggest companies are fighting back against President Donald Trump's temporary immigration ban, calling it un-American and bad for business. The heads of Apple, Ford and Goldman Sachs said they don't support the executive order the president signed last week, ...
Wall Street veteran Steven Mnunchin seen as Trump's pick for Treasury secretary
President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall Street veteran in the top U.S. economic Cabinet post for the first time in ...
Goldman to settle risky mortgage bond claims with U.S. housing regulator for $3.15 billion
Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. The Federal Housing Finance Agency, which oversees Fannie and ...
Ex-Goldman trader says his bitcoin exchange will fill Mt. Gox void
Yuzo Kano quit Goldman Sachs Group Inc. twice: once for a rival bank, the second time to open Japan’s first bitcoin exchange since the collapse of Mt. Gox.
Golvis Investment, founded by three former Goldman Sachs Group managing directors, plans to open its Japan-focused multistrategy hedge fund to investors this quarter, two sources said. Golvis Asia Opportunities Fund returned almost 2 percent in the first two weeks of January, said the sources, who ...
