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Goldman, Deutsche Bank have something in common

For the first time in more than two decades as a publicly traded company, Goldman Sachs Group Inc. laid out a detailed strategic vision and financial ambitions to investors. Corporate slogans aside, the big reveal is that Goldman will be playing catch-up for some time. The Wall Street titan presented plans to add $5 billion of revenue and improve profitability ...

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There’s one metric that can stabilise China’s markets

Just a few weeks ago, optimism was palpable in the heart of Shanghai’s financial district. UBS Group AG’s annual China conference enjoyed a record turnout and investors from abroad were enthusiastically buying mainland shares — so much so that some hit foreign-ownership limits. Now all anyone can think about is the number of coronavirus cases. The Shanghai Composite Index slid ...

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The more Macron does, the more unpopular he gets

Remember when we all believed in Emmanuel Macron? The question comes not from an angry trade unionist but a stand-up comedian in central Paris, facing a crowd of thirty-something urbanites cut from the same cloth as France’s 42-year-old president. A collective groan of “yes” rises from the audience, many of whom spent the winter struggling through transport strikes triggered by ...

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