Company Overview and News

 
Hong Kong's Dollar Suddenly Strengthens by the Most in a Year

2018-09-21 theedgemarkets
(Sept 21): The Hong Kong dollar jumped the most in a year, with analysts citing the prospect of higher rates in the city and stop losses as possible triggers.
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PRESS DIGEST- Financial Times - Sept 21

2018-09-21 reuters
Sept 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
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Is Goldman Sachs Mulling the Spin-Off of Fintech App Simon?

2018-09-20 zacks
Goldman Sachs (GS - Free Report) might spin-off Simon — its online platform for retail bond investors — to benefit from the company’s internal technology, while retaining a minority stake. The app, which was rolled out three years back, is currently valued at about $100 million, per The Wall Street Journal. The platform has greatly helped retail brokers who invest on behalf of their clients. It helps them know about the structured investments online, saving time that would otherwise been wasted by discussing about the products over telephone.
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Merrill Lynch Adds 3 Top Blue Chips to International Portfolio

2018-09-20 247wallst
Given the increase in the dollar, and some of the overall negative headlines from around the world, many investors have concentrated investments here in the United States. While that has proven to be a solid strategy so far, some of the top foreign stocks are looking increasingly cheap and may be just the right additions to growth portfolios.
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Goldman Sachs nears deal to sell its fintech app: source

2018-09-19 channelnewsasia
REUTERS: Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.
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Goldman Sachs nears deal to sell its fintech app: source

2018-09-19 reuters
(Reuters) - Goldman Sachs (GS.N) is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.
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Goldman shares rise as rivals line up to take stakes in bank's 'Simon' investing app

2018-09-19 cnbc
Goldman Sachs shares jumped 2 percent after word it has lined up rival banks to take stakes in its three-year-old app devoted to selling complex investment products.
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Goldman Sachs nears deal to sell its fintech app: WSJ

2018-09-19 channelnewsasia
Goldman Sachs is in advanced talks with several financial companies to spin off 'Simon', its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Goldman Sachs nears deal to sell its fintech app: WSJ

2018-09-19 reuters
(Reuters) - Goldman Sachs (GS.N) is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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HSBC plans wealth hiring spree in CEO's bet on Asia's rich

2018-09-18 theedgemarkets
(Sept 18): HSBC Holdings Plc is planning to increase its wealth-management staff in Asia, as Chief Executive Officer John Flint bets on growth in the region.
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China commerce minister says U.S. unilateralism, protectionism will hurt global economy

2018-09-18 reuters
BEIJING, Sept 18 (Reuters) - China’s commerce minister told representatives of foreign firms on Monday that the United States’ unilateralism and protectionism will impact both U.S. and China’s interests and hurt the global economy.
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China commerce minister says U.S. unilateralism, protectionism will hurt global economy

2018-09-18 reuters
BEIJING (Reuters) - China’s commerce minister told representatives of foreign firms on Monday that the United States’ unilateralism and protectionism will impact both U.S. and China’s interests and hurt the global economy.
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Tale of Two Oil Markets: Brent Bulls Split From US Optimists

2018-09-17 rigzone
(Bloomberg) -- For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.
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UBS Group Choses Frankfurt as Operations Hub Post Brexit

2018-09-17 zacks
UBS Group AG (UBS - Free Report) has selected Germany’s financial hub Frankfurt over London as its new base for post-Brexit operations, per Bloomberg. Additionally, UBS plans to open offices in Madrid, Paris and Milan as part of its multi-location strategy in the European Union.
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Deutsche (DB) to Shift Large Portion of Assets From London

2018-09-17 zacks
Deutsche Bank (DB - Free Report) is planning to transfer a large chunk of assets from its London base to Frankfurt headquarters post Brexit, per an article by Financial Times. Though no final decision on the size of asset to be moved is taken yet, Deutsche is likely to trim its balance sheet by about 75%.
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