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Goldman plans Mexico expansion with new stock-trading brokerage

Bloomberg Goldman Sachs Group Inc. is planning to open a stock-trading brokerage in Mexico as it boosts its presence in Latin America’s second-largest economy. The move will allow the firm to buy and sell stocks locally on behalf of clients, according to people with knowledge of the matter. The new business line, still months away from being up and running, ...

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Singapore central bank projects softer growth amid global lull

Bloomberg Singapore’s economy will slow in 2019, reflecting a weakening in key trading partners and a further cooling of the electronics sector, the central bank said. The city state is set to expand slightly below the midpoint of a 1.5 percent to 3.5 percent forecast range for this year after growing 3.2 percent in 2018, the Monetary Authority of Singapore ...

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US cuts government borrowing estimate

Bloomberg The US Treasury Department indicated that the government will need to borrow less than previously estimated as the Federal Reserve slows the reduction of its asset portfolio on its balance sheet. The department expects to issue $30 billion in privately held net marketable debt between April and June, assuming a cash balance of $270 billion at the end of ...

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