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BEIJING/SHANGHAI: American Express Co received approval to start bank card clearing services in China, making it the first foreign payments network to be allowed to process local currency transactions in one of the world’s largest markets.
PETALING JAYA: Goldman Sachs is attempting to get US federal prosecutors to ease up on the bank's role in the 1MDB scandal, according to a report by the New York Times.
LONDON: Goldman Sachs is closing its easy access savings business to new customers in Britain after deposits surged near to regulatory limits during the coronavirus lockdown.
NEW YORK: The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden
NEW YORK: Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand.
NEW YORK: Oil edged higher toward US$39 a barrel as expectations US crude stockpiles extended declines offset a decision by Saudi Arabia to cease extra voluntary production cuts by the end of this month.
OIL edged higher toward US$39 a barrel as expectations U.S. crude stockpiles extended declines offset a decision by Saudi Arabia to cease extra voluntary production cuts by the end of this month.
Central bank under pressure to reduce borrowing costs
KUALA LUMPUR (Reuters): Malaysia's new government would not be willing to accept even compensation of USD$3bil (RM12.8bil) from Goldman Sachs in a settlement over the 1MDB scandal, the Finance Minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
(Reuters) - Frederick Baba, a managing director at Goldman Sachs who is black, sent the following email to colleagues at the bank on June 2: