Sep 27, 2016 at 10:22 | Source: Reuters
The job cut plan comes after Reuters reported on Friday that Goldman Sachs is planning to cut almost 30 percent of its 300 investment banking jobs in Asia outside Japan, in response to a fall in activity in the region.
Sep 27, 2016 at 09:30 | Source: Reuters
The world's second-largest economy has shown recent signs of stabilisation, propped up by a housing boom and government spending, but growth has been patchy with companies in some sectors such as steel not faring as well due to excess capacity.
Sep 26, 2016 at 18:45 | Source: Reuters
Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs.
Sep 26, 2016 at 10:33 | Source: CNBC-TV18
Abhay Laijawala of Deutsche Bank says with record Kharif output likely to give significant boost to rural consumption sentiment and other factors such as 7th Central Pay Commission also supporting aggregate demand in the economy, it will likely result in consensus upgrades to earnings of consumer and rural interfacing sectors and stocks.
Sep 23, 2016 at 07:55 | Source: Reuters
JPMorgan's revenue from trading, mergers and acquisitions and other investment banking activity was USD 12.5 billion in the six months to June, down 5.3 percent from the same period a year ago, according to data compiled by industry analytics firm Coalition.
Sep 22, 2016 at 13:03 | Source: CNBC-TV18
A December US Fed rate hike looks certain she says. Janet has also hinted at two other rate hikes in 2017, she adds.
Sep 22, 2016 at 08:34 | Source: Moneycontrol.com
Here are brokerage firms' views on 16 stocks. Bank of America Merrill Lynch has initiated buy rating with target at Rs 1450 percent indicating 23 percent potential upside. It says Kesh King-led drag behind; upside risk from the global business. The stock is re-rated over time and robust growth to provide support.
Sep 22, 2016 at 07:44 | Source: CNBC
Ethan Harris, co-head global economic research at Bank of America Merrill Lynch, said the Fed laid the groundwork for a December rate hike, but the election now looms large and it could even become a factor for the Fed.
Sep 21, 2016 at 13:56 | Source: PTI
According to global financial services major Bank of America Merrill Lynch (BofA-ML), the revival in rural income growth along with the payment of 7th Pay Commission arrears this month implies a consumption driven recovery for the country rather than an investment driven one.
Sep 21, 2016 at 12:21 | Source: Moneycontrol.com
Both Deutsche Bank and Bank of America Merrill Lynch recommend buying the stock with target price of Rs 1400 and Rs 1590 per share respectively.