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Hiren Dasani, co-head of emerging markets equity, said he is bullish on South Korean shares and some artificial intelligence-related stocks in the region.
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Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors’ offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year.
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Economists noted that reappointing key ministers alleviates market concerns about the new coalition government, especially regarding fiscal policy.
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Strong earnings growth is supporting the share market, while the country’s inclusion in international indexes, stronger government finances, and slowing inflation favor fixed income, analysts led by Kamakshya Trivedi, Danny Suwanapruti and Sunil Koul wrote in a note. Ample foreign exchange reserves mean the rupee is a top choice for carry, they said.
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The world’s biggest oil exporter is also in talks with other banks as it pulls together a roster of advisers for the offer that may come in the next few weeks, the people said, asking not to be identified because the information is private.
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Goldman Sachs predicts Indian luxury goods companies to outperform broader competitors, fueled by the expected doubling of the affluent class to 100 million people in three years.
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Global CEOs are thinking about India as a big growth opportunity while recognizing some of the challenges with investing in the country, Solomon told the newspaper in an interview.
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Investment banking activity is at decade lows and there are few signs it will improve any time soon
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Over the past two decades, approximately 60% of the current BSE 200 stocks have outperformed the benchmark index, demonstrating their ability to generate superior returns
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Here’s what leading analysts have to say about the kingdom’s move to go it alone with a 1 million barrel-a-day reduction.
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Analysts at Goldman Sachs India in a report on Friday said the headline inflation will average 5.3 per cent this year
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Goldman Sach has initiated coverage on Eicher Motors and Ashok Leyland
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Goldman Sachs is optimistic about Bandhan Bank's future prospects, expecting the bank to emerge from its earnings cut cycle soon. The brokerage firm predicts that the bank will experience an increase in return on assets (ROA) and return on equity (ROE) over the fiscal years 2024 and 2025.
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In an interview, the team’s global head Mathew McDermott said the bank remains “hugely supportive” of exploring blockchain applications and that the digital-asset division will hire “as appropriate” this year.
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In a private meeting in Miami with about 400 of the bank’s partners, Solomon said he was too slow in reducing the bank’s workforce even as signs of headwinds began to emerge in the second quarter of last year, people familiar with the comments told the newspaper.
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The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give them an opportunity to sell shares in the company either to private investors or in a public market, the sources said.
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The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts.
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The bank is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, according to people familiar with the matter.
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Ten-year Treasury yields -- which are currently around 3.75% -- has traded at 4% or higher for 23 days so far in 2022--- all occurring since late September. Before that brief stint -- which came as traders ramped up Fed hike wagers -- the yield hadn’t touched that level since early 2010.
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The move comes as the Wall Street titan under CEO David Solomon has sought to cut a reliance on volatile trading and investment banking revenues by boosting its fee-based businesses and by shifting focus to its consumer banking unit Marcus.
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Flagging rising real yields as a major headwind, Goldman strategists cut equities to underweight in the US investment bank’s global allocation over the next three months while staying overweight cash.
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"You need to very careful when you have a bit of a downturn to start cutting bankers here and there because you will hurt the possibility for growth going forward," Daniel Pinto, president and chief operating officer of JPMorgan, told investors at a conference Tuesday.
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“Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” analysts including Sabine Schels, Jeffrey Currie and Damien Courvalin wrote in a note.
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The investment bank lowered its projection for gross domestic product growth from 3.3% seen earlier, as it cut the third- and fourth-quarter estimates.
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The nation’s sovereign bonds may be added to JPMorgan’s GBI-EM Global Diversified bond index with an initial 10% weightage, analysts Danny Suwanapruti and Santanu Sengupta wrote in a note to clients.
