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Goldman Sachs News

News on Goldman Sachs (Ticker: GS) continually updated from thousands of sources around the net.

1 hr ago | The Real Deal

From left: 45 West 44th Street and Accor Group chairman and CEO Sebastien Bazin

A partnership composed of Accor Group, Goldman Sachs Group and GEM Realty Capital will sell the 398-room hotel at 45 West 44th Street to the Hong Kong-listed firm Keck Seng Investments, the Wall Street Journal reported. Goldman Sachs and GEM paid $255 million for a 75-percent stake in the Midtown hotel and another Sofitel property in Philadelphia in 2006, according to the newspaper.

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Related Topix: Financial Services, Investment Services

2 hrs ago | Hispanic Business

Goldman Sachs Sukuk gains market acceptance, second time around

This time around offered a Sukuk structured predominantly as Wakala and made sure it had on board key players in the GCC, including as arrangers, as well as itself. The Sukuk will be listed in Luxembourg.

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Related Topix: Financial Services, Investment Services

2 hrs ago | The Daily Record

Stocks rise with manufacturing

The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in the world's two largest economies. In China, manufacturing grew in June for the first time in six months and in the U.S., the sector notched its 13th straight month of expansion.

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Related Topix: Financial Services, Investment Services, Federated Investors, Financial Markets

6 hrs ago | The Washington Post

PBOC Said to Add Liquidity With $81 Billion Bank Injection

China is injecting 500 billion yuan into the nation's largest banks, according to a government official familiar with the matter, signaling the deepest concern yet with the country's economic slowdown. The People's Bank of China will funnel 100 billion yuan each to the five biggest banks for a three-month period, said the official, who asked not to be identified because the measure hasn't been formally announced.

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Related Topix: World News, China, Asia, Financial Services, Nomura Holding, Investment Services, Financial Markets, Business News

Tue Sep 16, 2014

Bloomberg

Goldman Sees Surprising China Demand for Hong Kong Stocks

Chinese purchases of Hong Kong stocks through a planned exchange link may exceed estimates as individual investors buy casino and technology shares unavailable in Shanghai , according to Goldman Sachs Group Inc. The link will give wealthy mainland investors access to 266 stocks traded in Hong Kong, including Galaxy Entertainment Group Ltd. and Tencent Holdings Ltd. China currently limits most overseas share investments to those made through asset managers.

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Related Topix: Financial Services, Investment Services, Financial Markets, Mutual Funds, Personal Finance

Bloomberg

Goldman Sachs's Oryza Asia Hedge Fund Said to Top $1 Billion

Goldman Sachs Investment Partners , set up to allow clients to invest with some of the bank's top proprietary traders, raised about $1 billion for its first Asia hedge fund, said two people with knowledge of the matter. The fund, named Oryza Capital LP, informed investors in June that it would stop taking additional money after capital committed had reached its capacity, said the people, who asked not to be identified because the information is private.

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Related Topix: Financial Services, Investment Services, Cohen Group, Consulting

Barron's

Turkey's Inflation: Most Serious Overshoot Since 2006

Turkey's central bank would have to reverse course to raise interest rates to address higher inflation and a dropping currency. Inflation of 10% is well ahead of the targeted range of 3% to 7% that Turkey's Central Bank is shooting for.

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Related Topix: Financial Services, Investment Services, Cohen Group, Consulting

News Max

Virginia Pension Sues 13 Banks Over Mortgage Securities Fraud

Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. are among 13 banks whose units were sued for $1.15 billion by the state of Virginia, over claims they misled its retirement system about the sale of residential mortgage-backed securities. The suit in state court in Richmond is the largest financial fraud case ever brought by the commonwealth, Virginia Attorney General Mark Herring said in a statement today.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Citigroup, Stanley, Investment Services, Pension

Bloomberg

Goldman Sachs Is Selling $500 Million in First Sukuk Sale

Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs Group Inc. yesterday as the bank joined the governments of Hong Kong and the U.K. in selling debut Shariah-compliant bonds this year. The New York-based lender attracted bids for three times the $500 million of sukuk it sold yesterday, according to two people familiar with the deal, who asked not to be identified because the information is private.

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Related Topix: Financial Services, Investment Services, Financial Markets

Reuters

UPDATE 1-Goldman Sachs gets strong demand for landmark sukuk issue

Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia. The bank drew about $1.5 billion of orders for the five-year sukuk, reflecting heavy demand among cash-rich Islamic funds for new credits.

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Related Topix: Financial Services, Investment Services, Financial Markets

Business Journal

Ed Goldman: A winemaker discovers her palette while leading tours of a beer brewery

Winemaker Nicole Salengo , whom we met in yesterday's column, learned her art and science in Napa, New Zealand and Winters . But the Vermont native says it was her stint as a tour guide for Brewery Ommegang near Cooperstown in upstate New York that opened her eyes and palette to the chemistry and care of creating beverages.

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Related Topix: Wine, Drink, Financial Services, Investment Services, Winters, CA, Davis, CA

Reuters

Goldman partner says Novo Banco should attract foreign bidders

Portugal's Novo Banco, the successor to Banco Espirito Santo after a state rescue, will likely attract bids from foreign banks, a partner at U.S. investment bank Goldman Sachs said on Tuesday. The Portuguese government is seeking to sell Novo Banco swiftly to recover 4.9 billion euros , mostly public funds, poured into the lender last month.

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Related Topix: Financial Services, Investment Services, Brazil, World News

Sys-Con Media

Goldman Sachs-Led Investor Group Backs Privia Health for National Expansion

An investor group led by an affiliate of Goldman Sachs & Co. is funding the national expansion of Privia Health, LLC , a Virginia-based physician practice management and population health technology company serving independent physicians and large physician groups in partnership with managed care organizations and self-insured health plans.

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Related Topix: Financial Services, Investment Services, Cohen Group, Consulting, New York, Medicine

Business Journal

Arlington's Privia Health lands $400M to begin national expansion

Arlington-based Privia Health LLC is getting a $400 million infusion to expand nationally, the company announced Tuesday morning.

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Related Topix: Arlington, VA, Financial Services, Investment Services

Copenhagen Post

Denmark all set for the world's first human stem-cell trials

Before the trials can begin in Denmark, researchers must first experiment by inserting embryonic stem cells into the brains of sclerosis patients After decades of waiting, researchers from the University of Copenhagen and the city hospital Rigshospitalet look all set to carry out the first ever stem-cell tests on humans. The joint research group involves some of the world's leading stem cell researchers, including the internationally-renowned American brain and stem cell researcher professor Steve A Goldman, who will be leading the efforts, most probably experimenting on people suffering from sclerosis.

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Related Topix: Stem Cell Research, Science / Technology, Copenhagen, NY, Financial Services, Investment Services

The Peninsula

Goldman Sachs sets IPT in 95 bps area over M/S for USD ...

DUBAI: Goldman Sachs has set initial price thoughts in the 95 basis points area over midswaps for its debut five-year, benchmark-sized U.S. dollar Islamic bond issue, a document from lead managers showed on Tuesday. Goldman picked itself, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of Abu Dhabi, QInvest and the investment banking arm of Saudi Arabia's National Commercial Bank to arrange the investor meetings.

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Related Topix: Financial Services, Investment Services

Mon Sep 15, 2014

ABA Banking Journal

SNL Report: Carolinas deal puts newcomer into list at #44

Raleigh, N.C.-based First Citizens BancShares Inc. was the only company that managed to break into the top 50 list of the largest U.S. banks and thrifts in the second quarter, following the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc. The "big four" U.S. banks maintained positions, led by JPMorgan Chase & Co.

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Related Topix: Banking, Bank of America, Financial Services, JP Morgan Chase , Citigroup, Mach One, Stanley, Investment Services

Wall Street Journal

Companies' Stock Buybacks Help Buoy the Market

Companies are buying their own shares at the briskest clip since the financial crisis, helping fuel a stock rally amid a broad trading slowdown. Corporations bought back $338.3 billion of stock in the first half of the year, the most for any six-month period since 2007, according to research firm Birinyi Associates.

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Related Topix: Financial Services, Investment Services, Financial Markets

AmericanBankingNews.com

T-Mobile Us Stock Rating Upgraded by Argus

A number of other firms have also recently commented on PCS. Analysts at Goldman Sachs initiated coverage on shares of T-Mobile Us in a research note on Tuesday, September 2nd.

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Related Topix: Financial Services, Investment Services, Cohen Group, Consulting

Forbes.com

Social Impact Bonds Are Going Mainstream

I am the co-founder of Real Time Macroeconomics LLC, a financial technology firm that provides real-time, high frequency macroeconomic indicators of inflation, home prices, and employment derived from aggregate webscraped microdata. I previously worked as a client portfolio management senior analyst at Goldman Sachs Asset Management in their Quantitative Investment Strategies group, focusing on liquid alternative investments.

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Related Topix: Housing, Financial Services, Investment Services, Cohen Group, Consulting, Federal Reserve Bank of Chicago, Banking, Mathematics, Science, University of Chicago

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