(Bloomberg) - Selling soybeans at their highest prices in three decades and corn while it flirts with the 1996 peak is a money-losing trade, according to Goldman Sachs Group Inc. and Deutsche Bank AG. Corn at $4.55 a bushel is ``cheap,'' Frankfurt-based Deutsche Bank says.
Goldman Sachs in New York expects soybeans to rise 29 percent in 2008, the best investment in commodities. Investors who followed the banks' advice and bought raw materials last year profited as the Standard & Poor's GSCI Index advanced 33 percent, beating the 3.5 percent gain in the S&P 500 Index and the 9.1 percent return from U.S. Treasuries, according to data compiled by Merrill Lynch & Co.
Read more at Bloomberg
Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts
Thursday, January 3, 2008
Tuesday, July 17, 2007
Retailer Lululemon resets IPO at 18.2 mln shrs
(Reuters) - According to its filing with the U.S. Securities and
Exchange Commission, it still expects the shares to price
between $10 and $12 each.
Goldman Sachs and Merrill Lynch are the lead underwriters
for the IPO by the Canadian company.
Read more at Reuters.com Government Filings News
Exchange Commission, it still expects the shares to price
between $10 and $12 each.
Goldman Sachs and Merrill Lynch are the lead underwriters
for the IPO by the Canadian company.
Read more at Reuters.com Government Filings News
Monday, July 16, 2007
Goldman, JPMorgan Get Stuck With LBO Debt They Can't Offload to Investors
(Bloomberg) -- Goldman Sachs Group Inc., JPMorgan
Chase & Co. and the rest of Wall Street are stuck with at least
$11 billion of loans and bonds they can't readily sell.
The banks have had to dig into their own pockets to finance
parts of at least five leveraged buyouts over the past month
because of the worst bear market in high-yield debt in more than
two years, data compiled by Bloomberg show.
Read more at Bloomberg Bonds News
Chase & Co. and the rest of Wall Street are stuck with at least
$11 billion of loans and bonds they can't readily sell.
The banks have had to dig into their own pockets to finance
parts of at least five leveraged buyouts over the past month
because of the worst bear market in high-yield debt in more than
two years, data compiled by Bloomberg show.
Read more at Bloomberg Bonds News
Thursday, July 12, 2007
UPDATE 1-Visual Sciences to review potential sale; cuts Q2 view
(Reuters) - The provider of real-time analytics applications said it
has engaged Goldman Sachs & Co. as financial adviser to assist
in evaluating a potential transaction.
For the second quarter, the company now sees earnings of
about 11 cents to 12 cents a share, excluding certain items, on
total revenue of about $19.5 million to $19.8 million.
Read more at Reuters.com Mergers News
has engaged Goldman Sachs & Co. as financial adviser to assist
in evaluating a potential transaction.
For the second quarter, the company now sees earnings of
about 11 cents to 12 cents a share, excluding certain items, on
total revenue of about $19.5 million to $19.8 million.
Read more at Reuters.com Mergers News
Wednesday, July 11, 2007
Gold in Asia Advances on Increased Jewelry Demand; Silver Little Changed
(Bloomberg) -- Gold rose in Asia for the fourth day
in five as demand increased from jewelers, the biggest users of
the precious metal. Silver was little changed.
Good demand for the metal from India and Turkey emerged
earlier this week, Goldman Sachs JBWere analysts, led by Malcolm
Southwood, said in a report on July 10. Jewelers accounted for 69
percent of first-quarter gold consumption, from 61 percent a year
earlier, the producer-funded World Gold Council said May 16.
Read more at Bloomberg Commodities News
in five as demand increased from jewelers, the biggest users of
the precious metal. Silver was little changed.
Good demand for the metal from India and Turkey emerged
earlier this week, Goldman Sachs JBWere analysts, led by Malcolm
Southwood, said in a report on July 10. Jewelers accounted for 69
percent of first-quarter gold consumption, from 61 percent a year
earlier, the producer-funded World Gold Council said May 16.
Read more at Bloomberg Commodities News
Goldman's Ong Misses Chief Job in China, Doesn't Meet Language Requirement
(Bloomberg) -- Goldman Sachs Group Inc., the world's
most profitable investment bank, couldn't name the co-head of
investment banking in Asia as chief executive officer of its
Beijing joint venture because his knowledge of Chinese was too
weak, three bankers at the firm said.
Richard Ong, an ethnic Chinese born in Malaysia, didn't
write Chinese well enough to take a mandatory test for senior
managers, said the bankers, declining to be identified as the
matter is private. New York-based Goldman instead promoted Zha
Xiangyang, deputy CEO of its China joint venture, Goldman Sachs
Gao Hua Securities Co., in May.
Read more at Bloomberg Emerging Markets News
most profitable investment bank, couldn't name the co-head of
investment banking in Asia as chief executive officer of its
Beijing joint venture because his knowledge of Chinese was too
weak, three bankers at the firm said.
Richard Ong, an ethnic Chinese born in Malaysia, didn't
write Chinese well enough to take a mandatory test for senior
managers, said the bankers, declining to be identified as the
matter is private. New York-based Goldman instead promoted Zha
Xiangyang, deputy CEO of its China joint venture, Goldman Sachs
Gao Hua Securities Co., in May.
Read more at Bloomberg Emerging Markets News
Monday, July 9, 2007
Akamai Technologies Will Replace Biomet in the S&P 500 Index, S&P Says
(Bloomberg) -- Akamai Technologies Inc., whose
software speeds the delivery of Internet data, will replace
Biomet Inc. in the Standard & Poor's 500 Index, S&P said today
in a statement posted on its Web site.
Biomet agreed in June to an $11.4 billion takeover offer
from buyout firms including Blackstone Group LP and the private-
equity arm of Goldman Sachs Group Inc. The change will take
place after the close of trading on July 11, S&P said.
Read more at Bloomberg Stocks News
software speeds the delivery of Internet data, will replace
Biomet Inc. in the Standard & Poor's 500 Index, S&P said today
in a statement posted on its Web site.
Biomet agreed in June to an $11.4 billion takeover offer
from buyout firms including Blackstone Group LP and the private-
equity arm of Goldman Sachs Group Inc. The change will take
place after the close of trading on July 11, S&P said.
Read more at Bloomberg Stocks News
Sunday, July 8, 2007
Goldman,Morgan Stanley eye Allianz property-paper
(Reuters) - Bidders for the properties, Allianz offices the firm
intends to lease back, include German property company IVG
, Australian financial investor Babcock and Brown
and U.S. real estate investor Tishman Speyer. IVG is
seeking property for a real estate investment trust it aims to
list in 2008, the FTD added.
The second tranche of properties, around 2 billion euros of
German shops and offices that Allianz purchased as an
investment, is likely to be sold by August. Bidders include
Goldman Sachs's Whitehall real estate fund and a similar fund
operated by Morgan Stanley.
Read more at Reuters.com Bonds News
intends to lease back, include German property company IVG
, Australian financial investor Babcock and Brown
and U.S. real estate investor Tishman Speyer. IVG is
seeking property for a real estate investment trust it aims to
list in 2008, the FTD added.
The second tranche of properties, around 2 billion euros of
German shops and offices that Allianz purchased as an
investment, is likely to be sold by August. Bidders include
Goldman Sachs's Whitehall real estate fund and a similar fund
operated by Morgan Stanley.
Read more at Reuters.com Bonds News
Tuesday, July 3, 2007
Buyout group bids for remaining Endemol shares
(Reuters) - The buying group includes Mediaset with its Spanish TV
company Telecinco , Dutch billionaire John de Mol's
investment firm Cyrte and the investment arm of Goldman Sachs,
with each taking a one-third stake.
Read more at Reuters.com Mergers News
company Telecinco , Dutch billionaire John de Mol's
investment firm Cyrte and the investment arm of Goldman Sachs,
with each taking a one-third stake.
Read more at Reuters.com Mergers News
Monday, July 2, 2007
Virgin Media buyout would wring profit from taxes
(Reuters) - The UK cable operator said on Monday it appointed long-time adviser Goldman Sachs to find a possible buyer after receiving a takeover approach.
Private equity firm Carlyle Group was behind the offer, people familiar with the situation say.
Read more at Reuters.com Business News
Private equity firm Carlyle Group was behind the offer, people familiar with the situation say.
Read more at Reuters.com Business News
Monday, June 25, 2007
US STOCKS-Indexes climb on lower bond yields
(Reuters) - NEW YORK, June 25 - U.S. stocks rose on Monday as
data on existing-home sales were in line with analysts'
forecasts, allowing investors to focus on the recent pull-back
in bond yields and the Federal Reserve's policy-setting meeting
this week.
General Motors Corp. gave a boost to the Dow after
Goldman Sachs lifted its rating on shares of the largest U.S.
automaker.
Read more at Reuters.com Bonds News
data on existing-home sales were in line with analysts'
forecasts, allowing investors to focus on the recent pull-back
in bond yields and the Federal Reserve's policy-setting meeting
this week.
General Motors Corp. gave a boost to the Dow after
Goldman Sachs lifted its rating on shares of the largest U.S.
automaker.
Read more at Reuters.com Bonds News
Sunday, June 24, 2007
KarstadtQuelle hires banks to sell property-paper
(Reuters) - Last week, the tourism, department store and mail-order
group had said it could merge its department store division
with a rival as a prelude to a separate stock market listing
for the unit within 18 months.
In March 2006, KarstadtQuelle sold its property portfolio
for 4.5 billion euros, more than three times its book value, to
a joint venture owned 49 percent by itself and 51 percent by
Whitehall, a Goldman Sachs property fund.
Read more at Reuters.com Mergers News
group had said it could merge its department store division
with a rival as a prelude to a separate stock market listing
for the unit within 18 months.
In March 2006, KarstadtQuelle sold its property portfolio
for 4.5 billion euros, more than three times its book value, to
a joint venture owned 49 percent by itself and 51 percent by
Whitehall, a Goldman Sachs property fund.
Read more at Reuters.com Mergers News
Friday, June 15, 2007
U.S. Stocks Rally After Measure of Consumer Prices Slows; Intel Advances
(Bloomberg) -- U.S. stocks rallied for a third day
after a measure of consumer prices increased less than forecast
in May, easing concern inflation will spur higher interest
rates.
Intel Corp., the world's biggest maker of computer chips,
gained after Goldman Sachs encouraged investors to buy the
shares. Home Depot Inc., the largest home-improvement retailer,
advanced on prospects of a $10 billion offer for its contractor-
supplies business.
Read more at Bloomberg Stocks News
after a measure of consumer prices increased less than forecast
in May, easing concern inflation will spur higher interest
rates.
Intel Corp., the world's biggest maker of computer chips,
gained after Goldman Sachs encouraged investors to buy the
shares. Home Depot Inc., the largest home-improvement retailer,
advanced on prospects of a $10 billion offer for its contractor-
supplies business.
Read more at Bloomberg Stocks News
Thursday, June 14, 2007
UPDATE 2-Goldman quarterly profit barely rises; shares fall
(Reuters) - By Joseph A. Giannone
NEW YORK, June 14 - Goldman Sachs Group Inc. eked out a 1 percent increase in quarterly profit on Thursday to beat expectations, yet revenue slipped as a sharp drop in fixed income trading offset record investment banking fees and strong equities income.
Read more at Reuters.com Bonds News
NEW YORK, June 14 - Goldman Sachs Group Inc. eked out a 1 percent increase in quarterly profit on Thursday to beat expectations, yet revenue slipped as a sharp drop in fixed income trading offset record investment banking fees and strong equities income.
Read more at Reuters.com Bonds News
Futures little changed ahead of PPI data
(Reuters) - Stocks to watch include investment banks, with Goldman Sachs Group and Bear Stearns due to report quarterly results before the bell.
Shares of Colgate-Palmolive Co. were down 0.3 percent in Europe after the company said counterfeit Colgate toothpaste that may contain a toxic chemical had been found in discount stores in four U.S. states.
Read more at Reuters.com Business News
Shares of Colgate-Palmolive Co. were down 0.3 percent in Europe after the company said counterfeit Colgate toothpaste that may contain a toxic chemical had been found in discount stores in four U.S. states.
Read more at Reuters.com Business News
Friday, June 8, 2007
Yingli Green Energy shares decline in market debut
(Reuters) - The 29 million-share offering was priced at $11 per American depositary share compared with a forecast range of $11 to $13, according to an underwriter. The offering raised $319 million.
Each ADS represents one common share in the IPO. Underwriters were led by Goldman Sachs and UBS Securities.
Read more at Reuters.com Hot Stocks News
Each ADS represents one common share in the IPO. Underwriters were led by Goldman Sachs and UBS Securities.
Read more at Reuters.com Hot Stocks News
Tuesday, June 5, 2007
Goldman's Hatzius Eats `Crow,' Drops Forecast for Fed Rate Cuts This Year
(Bloomberg) -- Goldman Sachs Group Inc. became the
latest Wall Street firm to capitulate and drop its forecast for
the Federal Reserve to lower borrowing costs this year.
``Mmhhh, crow,'' Jan Hatzius, chief U.S. economist, started
off a note to clients today explaining why New York-based Goldman
now expects the central bank to keep its target rate at 5.25
percent. Hatzius cited a resilient labor market and a
reacceleration of growth in the industrial sector of the economy.
Read more at Bloomberg Bonds News
latest Wall Street firm to capitulate and drop its forecast for
the Federal Reserve to lower borrowing costs this year.
``Mmhhh, crow,'' Jan Hatzius, chief U.S. economist, started
off a note to clients today explaining why New York-based Goldman
now expects the central bank to keep its target rate at 5.25
percent. Hatzius cited a resilient labor market and a
reacceleration of growth in the industrial sector of the economy.
Read more at Bloomberg Bonds News
Thursday, May 31, 2007
UBS May Manage Its First Yuan Share Sale With Western Mining IPO in China
(Bloomberg) -- UBS AG's Chinese securities venture
will arrange its first share sale in the world's fastest-growing
stock market after Western Mining Co. wins regulatory approval
for a Shanghai initial public offering.
Getting the go-ahead from the China Securities Regulatory
Commission at a hearing on June 5 will allow Zurich-based UBS to
join Goldman Sachs Group Inc. as the only global investment
banks that can arrange share sales in China. Foreign firms can
only underwrite yuan stock sales through local ventures.
Read more at Bloomberg Emerging Markets News
will arrange its first share sale in the world's fastest-growing
stock market after Western Mining Co. wins regulatory approval
for a Shanghai initial public offering.
Getting the go-ahead from the China Securities Regulatory
Commission at a hearing on June 5 will allow Zurich-based UBS to
join Goldman Sachs Group Inc. as the only global investment
banks that can arrange share sales in China. Foreign firms can
only underwrite yuan stock sales through local ventures.
Read more at Bloomberg Emerging Markets News
Sunday, May 27, 2007
Sanyo turns operating profit in 06/07
(Reuters) - Sanyo's earnings have been hit hard in recent years by the cost of restructuring steps such as job cuts and plant closures, as well as by earthquake damage to its microchip factory, forcing it to issue $2.5 billion worth of preferred shares to Goldman Sachs and two other financial institutions last year.
The Osaka-based company on Monday forecast an operating profit of 45 billion yen for the year to March 2008, down 9.2 percent on the year and falling short of a consensus of 51 billion yen in a poll of 10 analysts by Reuters Estimates.
Read more at Reuters.com Market News
The Osaka-based company on Monday forecast an operating profit of 45 billion yen for the year to March 2008, down 9.2 percent on the year and falling short of a consensus of 51 billion yen in a poll of 10 analysts by Reuters Estimates.
Read more at Reuters.com Market News
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