Page 12 - Goldman Sachs
Goldman sees strong case for higher oil prices despite negative shocks
The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank
 "Goldman sees strong case for higher oil prices despite negative shocks")
Top brokerages welcome Paytm's Q1 results, reiterate 'buy' rating
In their brokerage notes, they highlighted Paytm's strong growth in revenue and contribution margins during the quarter in addition to sharp improvement in net payment margins
 "Top brokerages welcome Paytm's Q1 results, reiterate 'buy' rating")
'Most vulnerable' emerging markets now face euro recession risk
Traders are more bearish on the Hungarian forint, Polish zloty and Czech koruna than any other developing-nation currency except for Russia's ruble and the Turkish lira
 "'Most vulnerable' emerging markets now face euro recession risk")
Monetary policy: SPDs can offer all foreign exchange trade facilities
Decision comes after requests from foreign players; scope of existing licence was restrictive, say primary dealers
 "Monetary policy: SPDs can offer all foreign exchange trade facilities")
Goldman Sachs warns it may slow hiring, cut expenses as deals slump
Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As
 "Goldman Sachs warns it may slow hiring, cut expenses as deals slump")
China's economy grows 0.4% in June quarter, set to miss fiscal target
China's economy logged a 2.5 per cent YoY growth in the first half of 2022, official data showed on Friday
 "China's economy grows 0.4% in June quarter, set to miss fiscal target")
China stimulus unlikely to reverse rout in the global metals market
While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time
 "China stimulus unlikely to reverse rout in the global metals market")
Goldman Sachs sees Kotak Mahindra Bank entering $100-bn club by FY27
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)
 "Goldman Sachs sees Kotak Mahindra Bank entering $100-bn club by FY27")
Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow
US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble
 "Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow")
Commodities face recession test even as Goldman Sachs stays bullish
Across markets, there's growing talk that high prices for raw materials will be cured only by recessions in the second half
 "Commodities face recession test even as Goldman Sachs stays bullish")
Wall Street sheds opening gains on losses in high-growth stocks
S&P 500 energy stocks among few gainers; Robinhood rises on Goldman Sachs upgrade
 "Wall Street sheds opening gains on losses in high-growth stocks")
Risk of US recession now higher and more front-loaded, warns Goldman
The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year
 "Risk of US recession now higher and more front-loaded, warns Goldman")
AlphaSense looks to increase India presence, raises $225 mn in funding
The firm said its annual recurring revenue (ARR) now exceeds $100 million
 "AlphaSense looks to increase India presence, raises $225 mn in funding")
Investors become increasingly sceptical of ESG amid Goldman investigation
Retail investors are slowly starting to look under the hood of the $40 trillion environmental, social and governance industry that's increasingly steering their savings
 "Investors become increasingly sceptical of ESG amid Goldman investigation")
Apple will handle lending itself with the 'buy now, pay later' service
Launches 'Buy Now Pay Later' scheme, sets up a wholly owned subsidiary to extend loans for the service
 "Apple will handle lending itself with the 'buy now, pay later' service")
Tesla's job cut may save up to $1 bn yearly operational costs: Report
Recently, Musk had noted that his electric vehicle company would be reducing its salaried headcount by 10 per cent as the company has become overstaffed in some areas.
 "Tesla's job cut may save up to $1 bn yearly operational costs: Report")
Fundamentals for oil weaken, witness 1st surplus since June 2020: Goldman
Modest declines in the Russian exports, record large sales by Strategic Petroleum Reserve and severe Chinese lockdowns brought the oil market to its first surplus since June 2020, said Goldman Sachs
 "Fundamentals for oil weaken, witness 1st surplus since June 2020: Goldman")
Goldman's Lloyd Blankfein urges 'dial back' on negativity over economy
Lloyd Blankfein's comments came the same day that Elon Musk said Tesla Inc. will cut its salaried workforce by 10%.
 "Goldman's Lloyd Blankfein urges 'dial back' on negativity over economy")
MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital
This is Goldman Sachs Asset Management's first investment in an Indian SaaS company
 "MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital")
MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital
This is Goldman Sachs Asset Management's first investment in an Indian SaaS company
