Bloomberg Goldman Sachs Group Inc. is building the next generation of dealmakers and investment bankers in a series of promotions, naming new leaders for mergers and acquisitions and other key businesses. In one of the highest-profile steps, the firm picked Stephan Feldgoise and Mark Sorrell to co-lead the global M&A practice. In equity-capital markets, David Ludwig will become global head ...

Bloomberg Morgan Stanley said it plans to eliminate the net carbon emissions generated by its financing activities within 30 years. The announcement came two months after the bank announced it would join the Partnership for Carbon Accounting Financials and start reporting the emissions resulting from its lending and investments. Morgan Stanley said in a statement that it will provide resources, ...

Bloomberg Staff at Danske Bank face a serious erosion of morale that could hit the lender’s business amid a string of scandals and the prospect of deep job cuts. “The average employee is just tired of all this,” said Kirsten Ebbe Brich, Danske employees’ representative on the bank’s supervisory board. It’s “affecting employee engagement and pride, their sense of connectedness ...

Bloomberg European stocks rebounded and US equity futures stabilised following Monday’s declines as tech shares once again led gains. The dollar extended its biggest daily advance in three months. Technology and auto shares including ASM International NV and United Internet AG led increases across European markets. Contracts on the S&P 500 and Nasdaq 100 indexes traded little changed following the ...

Bloomberg India stocks extended losses as investors reassessed the prospect of further gains amid a gloomy economic outlook. The S&P BSE Sensex lost 0.5% to 37,847.60 as of 10:06 am in Mumbai after its steepest slide in two weeks sent it below the 50-day moving average, signalling to some investors that there’s further losses to come. The NSE Nifty 50 ...

Bloomberg South Africa’s main stock benchmark traded broadly neutral in Johannesburg, as gains by index giants Naspers Ltd, BHP Group Plc, Richemont, which make up 40% of market capitalisation, offset weakness among precious metal miners and banks. 103 of the 142 listed companies traded lower in the morning. Before the index falls for five consecutive sessions, the longest losing streak ...

Abu Dhabi / WAM The Friends of the Covax Facility (FOF) strongly supports vaccine multilateralism and the goal of ensuring affordable, fair and equitable access to safe and effective Covid-19 vaccines for all. The Covax Facility is about to set a precedent of multilateral cooperation and solidarity and the FOF firmly believes in the importance and impact of this global ...

Dubai / WAM Dubai Customs has announced that the emirate’s non-oil trade continued its growth against the current crisis. Being a hub for gold and diamond trading and making, Dubai made AED67.1 billion from gold and diamond air-cargo trade between March and the end of June this year. Statistics released by Air Customs Centre Management at Dubai Customs show that ...

Dubai / WAM Dubai Department of Finance (DoF) announced on Monday that its “Dirham Al Khair” initiative, launched in mid-2017, raised more than AED4.83 million in donations over the last three years. The initiative helps government customers to make donations through the ePay portal and the DubaiNow application, in cooperation with the Smart Dubai. Government customers who pay governmental and ...

DUBAI / WAM Zayed University announced that it joined the elite listing of the 2021 Times Higher Education (THE) World University Rankings, a vital resource that provides the definitive list of the world’s best universities. The global annual ranking of higher education institutions provides key insights to stakeholders, including students, on the achievements and competencies of universities worldwide and enables ...