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Goldman Sachs profits rise on strong equity trading results
Goldman Sachs profits rise on strong equity trading results
Business and Economy
by  AFP

Goldman Sachs reported Monday higher first-quarter profits on strength in equity trading, offsetting a hit from losses in investments on public stock markets. Revenues tied to equity trading soared 27 percent from the year-ago level, with Goldman benefiting from strong demand for its services to facilitate trading and providing financing to clients trading stocks.

Argentine peso depreciates after exchange controls lifted
Argentine peso depreciates after exchange controls lifted
Business and Economy
by  AFP

Argentina's currency dropped 8.4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years. "Everyone is waiting to see what happens," a trader told AFP. There are fears that loosening exchange controls could fuel inflation, which has dropped under Milei from 211 percent in 2023 to 118 percent last year.