The Business Times
business-time-50

Sale of last commodity asset ends 35-year chapter for Goldman

Disposal of Columbian coal mine is latest sign of US banks' response to poor returns, pressure from regulators

google-preferred-sourceAdd BT as a preferred source
Published Sun, Aug 16, 2015 · 09:50 PM

London

GOLDMAN Sachs Group Inc closed a nearly 35-year era of investments in commodity assets such as power plants and refineries with the sale of a Colombian coal mine.

The disposal is the latest sign of how Wall Street banks are responding to pressure from US regulators and disappointing returns as raw materials prices plunged.

Goldman Sachs

TRENDING NOW

Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer.

Room for more offices, homes and green spaces to make Orchard Road more vibrant

Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC.

MAS revises takeover and merger code to enhance competition and disclosures

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More