goldman sachs

UPDATE 1-Massachusetts, Goldman Sachs settle on subprime

11 May 2009 14:58:37 GMT

* State reaches "multimillion dollar" settlement-atty gen * Settlement includes payment, homeowner relief-atty gen BOSTON, May 11 - The U.S. state of Massachusetts has reached a "multimillion dollar" settlement with Goldman Sachs Group Inc regarding...

Goldman Sachs eyes Barclays iShares unit - source

24 Mar 2009 02:08:22 GMT

LONDON, March 23 - Barclays is in talks with Goldman Sachs about a sale of the British bank's iShares unit, a source familiar with the situation said, adding one more name to a growing list...

Goldman Sachs lifts gold price forecast to $1,000/oz

5 Feb 2009 01:51:51 GMT

Investment bank Goldman Sachs raised its forecast for the price of gold to reach $1,000 an ounce in the next three months from its previous forecast of $700 due to rising investor demand for safe haven assets...

Goldman Sachs unit cuts stake in Western Mining

13 Jan 2009 08:00:00 GMT

Goldman Sachs Strategic Investments (Delaware) LLC, a unit of Goldman Sachs Group Inc, has recently cut its stake in Western Mining Co Ltd<601168> to 4.8%, the company said in a statement filed with the Shanghai Stock Exchange on Tuesday.The Goldman Sachs unit has sold a 3.3% stake or 78.04 million...

Goldman Sachs lowers forecast of mainland GDP growth to 6%

12 Dec 2008 10:53:54 GMT

Dec. 12, 2008 (China Knowledge) - The U.S. investment bank Goldman Sachs said yesterday it has revised its forecast of China's GDP growth next year to 6% from the previous 7.5%, the most bearish prediction...

Goldman Sachs makes 272 managing directors-source

20 Nov 2009 01:43:13 GMT

* Promotions due to take effect on Jan. 1 NEW YORK, Nov 19 - Goldman Sachs Group Inc, in the spotlight over its controversial plans to pay billions of dollars in year-end bonuses to executives,...

Goldman Sachs retains "buy" rating on China Unicom's H shares

11 Nov 2009 01:20:41 GMT

U.S.-based investment bank Goldman Sachs has again assigned a rating of "buy" for H shares of China Unicom<600050><0762>, and has set the target price at HK$13.5 per share, sources reported. Goldman Sachs said in a statement that China Unicom's revenue from 3G network and fixed-line network...

Goldman Sachs boss says banks do "God's work"

9 Nov 2009 01:22:55 GMT

LONDON, Nov 8 - The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work". In...

Goldman Sachs may sell stake in Shineway to CDH: report

6 Nov 2009 03:42:28 GMT

U.S. investment company Goldman Sachs may sell half of its stake in Shineway Group, China's top meat processor, to CDH Investments, a Chinese private equity fund and a major shareholder of Shineway, for US$150 million, sources reported, citing an insider familiar with the matter as saying.Reportedly, Asia...

Goldman Sachs retains "neutral" rating for Swire Pacific

5 Nov 2009 09:08:10 GMT

Goldman Sachs Inc, one of the world's leading banking and securities companies, retained its "neutral" rating for Swire Pacific Ltd<0019><0087> and set the stock's target price at HK$84.The brokerage said the market is likely to respond actively to the Hong Kong-based developer's plan to spin off Swire Properties...

Geely to issue HK$2.59 bln in bonds, warrants to Goldman Sachs

23 Sep 2009 08:48:07 GMT

Geely Automobile Holdings Ltd<0175>, China's 10th-largest auto maker, Wednesday confirmed that it will raise HK$2.59 billion by issuing convertible bonds and warrants to GS Capital Partners VI Fund L.P., an affiliate of Goldman Sachs Group Inc, Reuters reported. Goldman Sachs would hold a 15.1% stake in...

Goldman Sachs fund to invest $250 mln in Geely - WSJ

21 Sep 2009 01:49:31 GMT

BEIJING, Sept 20 - A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile, a move that could free up capital for Geely's parent to bid on Ford's...

Goldman Sachs assigns "neutral" rating for Swire Pacific

18 Sep 2009 05:57:37 GMT

U.S.-based investment bank Goldman Sachs Group Inc recently decided to retain its "neutral" rating for Swire Pacific Ltd<0019><0087> and set the stock's target price at HK$84.Swire Pacific, which is engaged in real estate, aviation, beverage production, marine services, trading and industry, recently bought a...

Goldman Sachs assigns "buy" rating for SHKP

17 Sep 2009 06:29:50 GMT

U.S.-based investment bank Goldman Sachs Group Inc recently assigned a "buy" rating for Sun Hung Kai Properties Ltd<0016>, raising the stock's target price by 1.7% to HK$120.The brokerage said that Sun Hung Kai Properties' first-half results were within the range it forecast, and that the property developer's...

Goldman Sachs retains "buy" rating for Shenzhen Investment

15 Sep 2009 07:22:01 GMT

U.S.-based investment bank Goldman Sachs Group Inc recently retained its "buy" rating for Hong Kong-listed Shenzhen Investment Ltd<0604>, raising the stock's target price to HK$4.7 from the previous HK$4.68.In the first eight months of the year, Shenzhen Investment gained RMB 3.2 billion in pre-sales...

Goldman Sachs retains "buy" rating for Agile Property

14 Sep 2009 09:15:06 GMT

U.S.-based investment bank Goldman Sachs Group Inc recently retained its "buy" rating for Hong Kong-listed Agile Property Holdings Ltd<3383>, raising the stock's target price to HK$12.7 from the previous HK$12.4.Goldman Sachs also raised its forecast of the developer's earnings per share by 1% to 3% over...

Blackstone, Goldman Sachs mull investment firms in China

17 Aug 2009 00:18:10 GMT

U.S.-based private equity group Blackstone Group LP and the private equity arm of Goldman Sachs, are setting up investment firms in China to raise RMB funds from local investors and acquire stakes in local companies with Chinese partners, said people familiar with the matter, the Financial Times reported. The...

Goldman Sachs raises China GDP forecasts

10 Aug 2009 08:27:49 GMT

BEIJING, Aug 10 - Goldman Sachs on Monday raised its forecast of China's gross domestic product growth for 2009 to 9.4 percent from 8.3 percent. The bank also raised its projection for 2010 GDP growth...

China's economy grows 7.8% in Q2: Goldman Sachs

9 Jul 2009 07:19:30 GMT

China's gross domestic product (GDP) growth in the second quarter of this year is estimated at 7.8%, said Goldman Sachs Asia and the Beijing-based Gaohua Securities Co, the China Daily reported. The GDP growth is more than Goldman Sachs's previous forecast of 7%. The report said that the economic...

COLUMN-Is Goldman Sachs evil?: Matthew Goldstein

8 Jul 2009 01:22:35 GMT

-- Matthew Goldstein is a Reuters columnist. The views expressed are his own. -- NEW YORK, July 7 - Is Goldman Sachs really a "vampire squid wrapped around the face of humanity"? That's the...

Goldman Sachs cuts shareholding in ICBC to 4%

11 Jun 2009 03:33:13 GMT

U.S.-based bank holding company Goldman Sachs Group Inc recently cut its H-share holding in Industrial and Commercial Bank of China (ICBC)<601398><1398> to 4%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.Information from HKEx showed that Goldman Sachs sold...

Goldman Sachs sells 3.03 bln H-shares in ICBC

2 Jun 2009 08:44:30 GMT

U.S.-based bank holding company Goldman Sachs Group Inc has sold 3.03 billion H-shares in Industrial and Commercial Bank of China (ICBC)<601398><1398> at HK$4.88 per share, a 4.5% discount to ICBC's Monday closing price, Dow Jones Newswires reported....

Julius Baer hires Goldman Sachs, UBS bankers for Asia

14 Apr 2009 05:47:11 GMT

SINGAPORE, April 14 - Swiss bank Julius Baer has hired two senior relationship managers in Singapore from Goldman Sachs and UBS as it expands its Asian wealth management business, the bank said...

Goldman Sachs invests US$120 mln in Chinese cement maker

16 Dec 2008 07:46:59 GMT

Dec. 16, 2008 (China Knowledge) - Zhejiang Hongshi Cement Co Ltd, the biggest cement maker in China锟斤拷s eastern province Zhejiang, said that Goldman Sachs Group Inc had paid US$120 million for its 25% stake, sources...

Goldman Sachs takes 25% stake in Anhui-based liquor maker

14 Nov 2008 10:05:16 GMT

Nov. 14, 2008 (China Knowledge) - The U.S. investment bank Goldman Sachs Group Inc has recently bought a 25% stake in Anhui Kouzi Wine Inc, an Anhui province-based privately-owned liquor maker, for RMB 355 million,...

The Best Big Companies: Goldman Sachs

29 Oct 2008 07:16:36 GMT

The Goldman Sachs Group, Inc., or simply Goldman Sachs, is a global bank holding company ...

Japan's SMFG to invest in Goldman Sachs

24 Sep 2008 03:10:07 GMT

TOKYO, Sept 24 - Sumitomo Mitsui Financial Group (SMFG) Japan's third-largest bank, plans to invest in U.S. investment bank Goldman Sachs Kyodo news agency reported on Wednesday. SMFG's investment will total several hundreds of billions...

Goldman Sachs to be regulated by U.S. Fed Reserve

22 Sep 2008 02:53:11 GMT

PHILADELPHIA, Sept 21 - Goldman Sachs Group Inc said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve. Goldman said it would move assets from...

Goldman Sachs slashes 2009 WTI crude oil forecast

17 Sep 2008 07:05:11 GMT

SINGAPORE, Sept 17 - Goldman Sachs has slashed its forecast for WTI crude oil prices to $123 a barrel on average in 2009, from a previous $148 a barrel forecast, the investment bank said in...

In Spotlight: Hank Paulson

17 Sep 2008 06:02:59 GMT

Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is the United States Treasury Secretary and member of the International Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs, one of the world's largest and most successful investment banks...