Goldman Sachs global head of equity capital markets to retire - BBG
June 23 Goldman Sachs Group Inc's global head of equity capital markets, Stephen Pierce, is retiring from the role after 31 years at the firm, Bloomberg reported on Friday.
JAKARTA May 19 Indonesia's finance minister said that after a rating upgrade by Standard & Poor's, the government will focus on keeping the state budget credible and effective.
"Indonesia will try to reach its development goals without having to resort to an unsustainable budget," Sri Mulyani Indrawati told reporters on Friday.
Indrawati said the upgrade to investment grade could help boost investment in Indonesia and allow it reach economic growth of 5.4-6.1 percent in 2018.
In recent quarters, Indonesia has had annual growth of 5 percent or less.
Earlier on Friday, S&P upgraded Indonesia's sovereign ratings to investment grade, a long-awaited move that sent Jakarta shares soaring on hopes it could spur a wave of investment into Southeast Asia's biggest economy. (Reporting by Hidayat Setiaji; Writing by Fransiska Nangoy)
* RAISES € 75 MILLION WITH BOND ISSUE AFTER THE FIRST DAY Source text for Eikon: Further company coverage: (Gdynia Newsroom)
WASHINGTON, June 23 The U.S. Supreme Court on Friday narrowed the rights of property owners in disputes with governments and laid out a formula for determining when landowners are owed compensation in a case involving a vacant lot in Wisconsin on the picturesque St. Croix River.