Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with improved supply of commodities, were […]
Author: InvestAdvocate
Goldman Sachs fourth-quarter profit hit by lower bond trading revenue
Goldman Sachs Group Inc reported a 21 percent drop in quarterly profit on Thursday as revenue from fixed-income trading fell in what Chief Executive Lloyd C. Blankfein described as “a somewhat challenging environment.” The bank’s bond trading revenue slid 11 percent, adjusted for an accounting charge, and was greater than […]
World economy on recovery road, but weak inflation threatens: Reuters poll
A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday. As in the last few years, the United States looks set to the lead […]
