SAUDI ARABIA is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister, in what could be another challenge to the greenback’s hegemony.
GOLDMAN Sachs Group on Tuesday (Jan 17) reported a bigger-than-expected 69 per cent drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
BLACKROCK’S chief executive officer Larry Fink said that the narrative around environmental, social and governance (ESG) investing has become ugly, and is creating “huge polarisation”.
MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
