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Goldman Sachs lays off 16 private banking staff across Hong Kong, Singapore and China offices: Source

NEW YORK/LONDON/HONG KONG - Goldman Sachs began laying off staff on Wednesday (Jan 11) in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said. The long-expected jobs cull at the Wall Street titan is expected to represent the biggest contraction in headcount...
New York United States Hong Kong City Of United Kingdom Paul Sorbera

Oil Updates — Crude falls; Chevron's first cargo of Venezuelan oil after license departs for US

RIYADH: Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the US, the worldโ€™s biggest oil consumer, and economic uncertainty reignited demand worries. US West Texas Intermediate crude futures decreased by 68 cents, or 0.91 percent, to $74.44 a barrel at 09.15 a.m. Saudi time, while Brent crude futures fell by 66 cents, or 0.82 percent, at
United States Saudi Arabia Ar Riya Us Treasury Department Chevron Corp Texas Intermediate

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