Goldman Sachs has hired ex-head of the European Commission Jose Manuel Barroso (photo above) to be an advisor and non-executive chairman of its international business, as the U.S. bank tries to come to terms with with the aftermath of Britain’s … Read the rest
Brazil and Russia’s membership of the BRICs may expire by the end of this decade if they fail to revive their flagging economies, according to Jim O’Neill, the former Goldman Sachs Group Inc. chief economist who coined the acronym.
Asked … Read the rest
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya worthless derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on … Read the rest
By Johann Theron
Recent commentary by international (financial) companies such as IHS Global and Goldman Sachs stated as follows respectively;
“South African crime at lowest levels in 15 years” (Wall Street Journal)
“Education/healthcare and public … Read the rest
Goldman Sachs Group Inc (GS.N) said quarterly profit doubled, boosted by investment gains and a lower tax rate.
Goldman’s investing and lending segment, which tracks its investments in private equity deals, publicly traded stocks, loans … Read the rest
According to an official statement as reported by Reuters, Greece’s bank rescue fund has turned … Read the rest
The orchestrated attack on bullion in the paper gold market took the spot prices of gold and silver down on Friday and Monday, but actual physical purchases rose during this period. The sales were of paper claims, not of real … Read the rest
LONDON, Feb 6 (Reuters) – Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place … Read the rest