The new pick for U.S. trade representative, Robert Lighthizer, recently signaled the new administration’s get-tough approach to China over trade issues.
Two new reports – by Morgan Stanley and the Asian Development Bank – offer optimistic, albeit caveat-filled, appraisals of India’s long-term economic outlook. But whether the country can fulfill its potential is still an open question.
Goldman Sachs, after being generously bailed out, is now leading the Wall Street pack in the Eurozone, in fragile economies , such as Greece, by engaging in the same types of complex financial transactions that precipitated the global financial crisis. This is further proof that more vigorous regulatory reform and transparency is required of large financial institutions.
Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.
Oil prices rose yesterday as Goldman Sachs stated it expects prices to reach $85 by the end of the year from its current level just below $70. Its analysts believe the recent price increase is the first stage of a longer sustained rally. They are right to see oil price rise over the long-term as […]
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