Author: Press Room

© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co (NYSE:) unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers, the regulator saidon Monday. In 2015 and 2016, Goldman opportunistically sold clients on so-called “same-day” swaps at times that financially benefited the…

MOSCOW (Reuters) – Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three industry sources and exports data. Russia and Iran, both under Western sanctions, are forging closer ties in order to support their economies and to undermine Western sanctions which both Moscow and Tehran cast as unjustified. Western sanctions on Russian oil products over what Moscow calls its “special military operation” in Ukraine have reshaped global fuel markets with tankers taking longer routes and suppliers choosing exotic destinations and ways of transportation. Iran has been…

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Thursday, but remained under pressure after cooler-than-expected inflation data raised the possibility of an early end to the Federal Reserve’s rate-tightening cycle. At 02:00 ET (06:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.243, just above the two-month low of 101.138 seen earlier in the session after sinking 0.6% overnight. U.S. edged 0.1% higher in March, data showed Wednesday, resulting in an of 5.0%, the smallest 12-month gain since May 2021. This was below the…

SAO PAULO (Reuters) – Brazil’s government expects monetary policy next year not to be as restrictive as in 2023, an economy ministry official said on Monday, stressing that a new fiscal framework proposed by the administration would help bring interest rates down. Economic Policy Secretary Guilherme Mello noted that central bank chief Roberto Campos Neto had praised the proposed framework, despite him saying the new fiscal rules would not mechanically affect interest rates. “From the moment the monetary authority recognizes the quality of the fiscal framework, the prospect of monetary easing emerges,” Mello said in an interview with Globo News.…

Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q1 2023 results on Tuesday, April 18, 2023. We expect Goldman Sachs to edge past the consensus estimates of revenues and earnings. The investment bank underperformed expectations in the last quarter, with revenues decreasing by 16% y-o-y to $10.59 billion. The top line mainly suffered due to a 48% decline in investment banking and a 27% drop in the asset & wealth management units. That said, the impact was partially offset by growth in platform solutions and FICC (fixed income, currency, & commodity) trading segments. We expect the asset &…

A Los Angeles city councilman is proposing the minimum wage for the city’s tourism and hospitality workers be raised to $25 per hour as the cost of living has outpaced wages and Los Angeles prepares to host several global events in the next few years.  City Councilman Curren Price wants to raise the pay from the current $16 minimum wage, FOX Los Angeles reported. The ordinance would impact 36,000 tourism workers across the city and would increase to $30 by 2030, Price tweeted Wednesday. BIDEN’S IRS SLAMMED OVER PLAN TO DIP INTO TIP JARS: ‘ALREADY STRUGGLING TO SURVIVE’ Price and SEIU…

Eric Hsu remembers a time when he was 10 days away from payday and had just $32 left. He had no savings.”I used the remaining money I had to buy loaves of white bread and I ate that for all three meals until my pay came in,” he told CNBC Make It.”Sometimes I would think, I am not earning little, I would actually think I’m earning an upper-middle income salary. But I still feel really poor every month.” Hsu belongs to a group of people in Taiwan, typically young and single workers, called the “yue guang zu” — the so-called “moonlight…

A federal appeals court late on Wednesday blocked part of a ruling issued last week by a Trump-appointed judge that endangers access to the abortion pill mifepristone.The 5th U.S. Circuit Court of Appeals granted the Justice Department’s emergency request to put on hold the part of the decision issued by U.S. District Judge Matthew Kacsmaryk that suspended the Food and Drug Administration’s original approval of mifepristone, which dates back to 2000.But the three-judge panel said that a separate part of Kacsmaryk’s decision, which suspends changes the FDA made to the drug’s approved use in 2016, could go into effect. The panel also determined…

Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living standards and creating a major headache for the country’s new central bank chief as he marks his first week on the job. Adjusted for inflation, wages slipped 2.6% in February, compared to the same month a year earlier, according to government data released last week. That marked nearly a year -— 11 straight months — of declines despite a major campaign by Prime Minister Fumio Kishida to hike compensation. Economists say the issue will likely continue to dog the Bank of Japan’s new governor,…

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