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China Joins Asteroid Mining Race; to Build Civilian and Military Bases on Asteroids

Arthur Dominic Villasanta |

May 10, 2017 07:27 PM EDT

Experts calculate a single asteroid can possess some $95.8 trillion in mineral wealth.

Goldman Sachs warned that the yuan may be headed for recording its steepest decline in more than 20 years.

Goldman Sachs Issues Warning on China’s Mounting Currency Outflow

S. Rina |

Dec 21, 2016 06:39 PM EST

According to a research report released by Goldman Sachs, the People's Bank of China (PBOC) liquidated $1.1 trillion worth of foreign currency reserves since August previous year. This amount more than doubles the $540 billion figure reported by the PBOC for the period between August 2015 and November 2016.

JPMorgan has agreed to settle its China nepotism case for $264 million.

JPMorgan to Pay $264 Million to Settle China Hiring Case

S. Rina |

Nov 18, 2016 09:02 PM EST

JPMorgan has agreed to pay $264 million to the US authorities for resolving its nepotism case in China. The bank allegedly hired the kith and kin of Chinese officials in lieu of favors. The bank was being probed by the US Securities and Exchange and the Justice Department for potential violation of the US Foreign Corrupt Practices Act.

Goldman Sachs has raised concerns about China's housing market.

Goldman Sachs Expresses Concern About Chinese Housing Market and Metals

S. Rina |

Oct 05, 2016 05:16 PM EDT

Goldman Sachs, in its latest report, has raised apprehensions about the future course of China's housing market. The report discussed the impact of a downturn on the country's housing market on its metals sector. The bank cited possible overcapacity in China's housing market as a cause of concern.

A financial professional stands in the Goldman Sachs booth on the floor of the New York Stock Exchange April 27, 2010 in New York, New York.

Goldman Sachs to Cut Workforce in Asia by 30%: Reports

Charissa Echavez |

Sep 26, 2016 07:30 AM EDT

Goldman Sachs is going to axe up nearly 30 percent of its 300 investment banking teams in Asia outside of Japan, sources familiar with the matter told Reuters.

A close-up of the Olympic gold medal during the Launch of Medals and Victory Ceremonies for the Rio 2016 Olympic and Paralympic Games at the Future Arena in Olympic Park on June 14, 2016 in Rio de Janeiro, Brazil.

US and China Favorites to Win Most Gold at Rio Olympics

Manthan Chheda |

Aug 02, 2016 04:59 AM EDT

United States and China will bag the most number of gold medals at the forthcoming Olympic Games in Rio de Janeiro, Brazil, according to a Goldman Sachs survey released on Monday.

Japanese Porn Star Shizuka Minamoto Sacked by Goldman Sachs

Aaron Case |

Jun 09, 2016 12:18 PM EDT

The Tokyo branch of Goldman Sachs offered a job to a recent college graduate and then quickly rescinded when they discovered that she was former porn star Shizuka Minamoto.

India To Outpace China By 2016, Gadget Gold Rush Incoming

David Curry |

Dec 08, 2014 06:37 AM EST

India is close to outpacing China on gross domestic product growth, with Goldman Sachs projecting India to surpass China in 2016.

Visa to Open New Technology Development Center in India

Sami Ghanmi |

Sep 28, 2014 05:35 AM EDT

With the new center, Visa plans to create 2,000 new full-time jobs around the world, while taking advantage of India’s software engineering talent.

85 Broad Street, the building where the investment bank Goldman, Sachs & Company is located, in New York

Goldman Forks Over $3.15 Billion To End Mortgage Case

Don Carreon |

Aug 23, 2014 04:55 AM EDT

Goldman Sachs has finally agreed o pay a record $3.15 billion to the government in exchange for dropping of charges brought by federal authorities related to the financial crisis.

Flushing Celebrates 24th Annual Hong Kong Dragon Boat Festival

Tara Scott |

Aug 11, 2014 12:58 PM EDT

Flushing Meadows-Corona Park celebrated its 24th annual Hong Kong Dragon Boat Festival this past weekend on August 9th and 10th.

Citigroup Unit Settles SEC Charges with US$5 Million Penalty

Rhona Arcaya |

Jul 26, 2014 02:10 AM EDT

The charges against LavaFlow Inc. stem from SEC claims that the company failed to protect confidential subscriber information.

Former Female Employees Allege Goldman Sachs Was a 'Boys' Club'

Katie Collom |

Jul 02, 2014 05:16 AM EDT

Two former Goldman Sachs employees are suing the firm claiming that male workers fostered a 'boys' club' environment which involved frequent trips to strip clubs and the referring to female co-workers as "bimbos."