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Goldman Sachs Group Inc

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  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • STOCKHOLM, May 29- Swedish builder Skanska said on Friday its LaGuardia Gateway Partners consortium had been selected as preferred bidder in a $3.6 billion project to build a new terminal at New York's LaGuardia Airport. Skanska said its share of the equity investment would be up to 40 percent, while its share of the construction contract is 70 percent.

  • Industrial hub Ulsan a warning for cooling South Korea Thursday, 28 May 2015 | 5:00 PM ET

    ULSAN, South Korea, May 29- The port of Ulsan was the cradle of South Korea's breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor and oil refiner SK Innovation risks becoming the country's rust belt. The world's largest shipbuilder, Hyundai Heavy Industries Co, suffered an operating loss last year of about $3...

  • LONDON, May 28- Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Mukul Chawla, prosecuting for Britain's Serious Fraud Office, alleged that Hayes, who joined UBS in Tokyo in 2006, was...

  • WASHINGTON, May 28- Andrew J. "Buddy" Donohue has agreed to return to the U.S. Securities and Exchange Commission to serve as the chief of staff for SEC Chair Mary Jo White, the agency said on Thursday. Donohue, currently a managing director at Goldman Sachs Group Inc, is a very familiar face both within the SEC and in the investment management industry.

  • LONDON, May 28- Britain's top share index outperformed pan-European equities on Thursday despite disappointment over first-quarter UK growth data, thanks to some positive trading updates and an improving corporate earnings outlook. But some investors said UK equities were looking more attractive relative to the euro zone, having underperformed around...

  • Britain's FTSE outperforms despite growth, trade worries Thursday, 28 May 2015 | 11:23 AM ET

    LONDON, May 28- Britain's top share index outperformed pan-European equities on Thursday, despite disappointment over first-quarter UK growth data, thanks to some positive trading updates and an improving corporate earnings outlook. "We continue to see value in the UK, which underperformed other European markets in the run-up to the election," said Alan Mudie,...

  • US STOCKS-Futures edge lower as Greece worries weigh Thursday, 28 May 2015 | 7:24 AM ET

    May 28- U.S. stock index futures were lower on Thursday, weighed down by concerns about Greece's ability to strike a deal with its creditors. *European officials downplayed talk that Greece and its lenders were drafting an agreement that would provide Athens much-needed debt relief. *Broadcom shares rose 0.85 percent to $57.64 in premarket trading after Avago...

  • HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...

  • Goldman tops 2015 City of London bank bonus charts Wednesday, 27 May 2015 | 6:42 AM ET

    LONDON, May 27- Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed. Goldman Sachs bankers received an average bonus of 194,000 pounds, some 14 percent more than their peers at second-placed Morgan...

  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • TORONTO, May 26- Barrick Gold Corp said on Tuesday it has forged a strategic tie-up with Zijin Mining Group Co and agreed to sell the Chinese miner a stake in a mine in Papua New Guinea as a first step toward further collaboration. Thornton, who took over the reins at Barrick from Peter Munk in 2014, spent years working in China after stepping down from a senior role at...

  • Opening statements are expected to begin on Tuesday in Manhattan state court in the criminal case against former Dewey& LeBoeuf chairman Steven Davis, 62; ex-executive director Stephen DiCarmine, 58; and ex-chief financial official Joel Sanders, 57.. Prosecutors from the Manhattan District Attorney's office say the defendants overstated revenue and...

  • *Dollar rally weighing on oil could run further- Morgan Stanley. *OPEC meets next week; Iran sees no output change. The dollar could rally further, Morgan Stanley said, adding to a growing list of headwinds crude faces that include rising OPEC supply.

  • *U.S. producers to ramp up output with WTI at $60- Goldman Sachs. *Rising dollar, falling oil start of new trend- Morgan Stanley. "We believe that should West Texas Intermediate prices remain near $60 a barrel, U.S. producers will ramp up activity, given improved returns, with costs down by at least 20 percent," Goldman Sachs said.

  • Why the Nikkei rally will carry on Monday, 25 May 2015 | 6:57 PM ET

    Japanese stocks seem to be on an irresistible rally, and cheap valuations are expected to propel them to greater heights, analysts say.

  • WASHINGTON— If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • WASHINGTON— There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months. And on Friday, the government agency charged with calculating the economy's growth rate said it would adjust its methods in an effort to resolve the problem. Alec Phillips, an economist at...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.