Goldman Sachs


Prime brokerage cuts could lead to further volatility in Chinese shares

Prime brokerage cuts could lead to further volatility in US-listed Chinese stocks

(ATF) Credit Suisse and Nomura saw their shares slump on Monday March 29, as they disclosed likely losses from exposure to Archegos Capital. If they and other banks cut back exposure to funds via their prime broking divisions there could be further forced sales of widely traded stocks.Credit Suisse shares …

Continue reading

Crunch week looms for US-listed shares of Baidu and Tencent Music

Crunch week looms for US-listed shares of Baidu and Tencent Music

(ATF) Forced block trading sales of around $20 billion of shares including Baidu and Tencent Music have set the scene for volatility this week and a test of whether Asian-listed shares in Chinese firms can recover from slumps in their US-listed stocks. A series of huge block trades in New …

Continue reading

Coinbase listing filing pulls back the veil on bitcoin trading

Coinbase listing details pull back the veil on bitcoin trading

(ATF) Coinbase, the biggest US cryptocurrency exchange, filed to go public via a listing on Nasdaq on Thursday February 25. The exchange made a profit last year and might be able to list at a value close to $100 billion - especially if the recent surge in the value of …

Continue reading

ReNew Power eyes Nasdaq via SPAC deal

ReNew Power eyes Nasdaq via SPAC deal

(ATF) ReNew Power Private Limited, which claims to be India’s leading pure-play renewable energy producer, has decided to go public in the US through a merger with a special purpose acquisition company (SPAC), to become the first firm from India to reverse merge with a US-listed blank cheque company.The Goldman …

Continue reading

Pick of Gensler to run US SEC signals tougher financial regulation

Pick of Gensler to run SEC signals tougher financial regulation

(ATF) Gary Gensler is expected to be appointed as chairman of the US Securities and Exchange Commission (SEC) by incoming President Joe Biden, in a sign of a return to tougher regulation for Wall Street.Gensler was chairman of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since …

Continue reading

Trump China delisting impact hits structured products of US banks

Trump China delisting impact hits structured products of US banks

(ATF) Goldman Sachs, JPMorgan and Morgan Stanley are delisting around 500 structured products from Hong Kong, as the impact of the Trump administration’s push to ban US investments in firms with links to China’s military continues to widen. Hong Kong Exchanges and Clearing (HKEX) says its markets remain robust despite …

Continue reading

SoFi $8.65-billion deal could kickstart fintech SPAC flow

SoFi $8.65-billion deal could kickstart fintech SPAC flow

(ATF) US online lender SoFI is going public via a merger with a special purpose acquisition company (SPAC) in a deal that values the fintech firm at $8.65 billion. The hefty price tag could encourage other SPAC deals in the fintech space, where Asian firms are market leaders.SoFi has seen …

Continue reading

Third wave of IT outsourcing to drive mega deals for India’s top-5

Third wave of IT outsourcing to drive mega deals for India’s top-

(ATF) An increasing number of technology roles finding their way to India, as work from anywhere becomes the new accepted norm in the post-Covid era, could not only drive double-digit revenue growth for Indian IT services firms in fiscal year 2021-2022 – it could also drive more tech jobs in …

Continue reading

Goldman Sachs seeks 100% ownership of China JV

Goldman Sach seeks 100% ownership of China JV

(ATF) Goldman Sachs has applied to take 100% ownership of its Chinese joint venture (JV) and has reached an agreement to buy the 49% of Goldman Sachs Gao Hua Securities that it does not already own. Goldman is the first global bank to apply to take full ownership of a …

Continue reading

Foreign investors bullish on Indian equities

Foreign investors turn bulls on Indian equities

(ATF) Global equity investors are showing renewed love for Indian stocks.With equities soaring to record highs in recent weeks aided by a massive recovery from the post-Covid-19 lows of March, global brokerage firms have started upgrading Indian markets to overweight on hopes of improving corporate earnings and a sustainable economic …

Continue reading