US Senators question banks over commodities trading
Nov 21, 2014 at 03:02 | Source:
Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large ...
China's Alibaba eyes first bond sale after record listing
Nov 14, 2014 at 11:52 | Source:
Chinese e-commerce giant Alibaba is set to meet with investors next week as it considers issuing its first US bond sale. The tech giant has hired Morgan Stanley, Citigroup, Deutsche Bank and JP Morgan to manage the sale. Alibaba would offer dollar-de...
JPMorgan Chase Bankers Said to Lead Moscow Exodus
Nov 14, 2014 at 10:01 | Source:
Bankers from JPMorgan Chase & Co. (JPM) to Morgan Stanley are leaving Moscow for London as sanctions over Russia's incursions into Ukraine bring business to a halt, according to people familiar with the matter. JPMorgan's head...
JPMorgan Chase Bankers Said to Lead Moscow Exodus
Nov 14, 2014 at 10:00 | Source:
A column of tanks drive from a rebel-territory to Donetsk near the town of Shakhtarsk, eastern Ukraine on Nov. 10. Photographer: Dimitar Dilkoff/AFP via Getty Images. Bankers from JPMorgan Chase & Co. (JPM:US) to Morgan Stanley are leaving Mo...
Citigroup Bets ECB Deploys QE as Morgan Stanley Sees Odds at 40%
Oct 24, 2014 at 16:00 | Source:
If the European Central Bank's Governing Council can't agree about buying sovereign bonds, it's hard to blame economists for failing to agree on whether it ever will. A split is thus as evident among ECB-watchers as it is betw...
Morgan Stanley Sees Widodo Powerless to Prevent Rupiah Slide
Oct 20, 2014 at 10:00 | Source:
Morgan Stanley, the most-accurate forecaster of the Indonesian rupiah in the past year, expects the currency to extend its three-month slide as incoming president Joko Widodo struggles to gain parliamentary support. The U.S. bank cut its year-end ...
Morgan Stanley profits soar 87% as trading rebounds
Oct 17, 2014 at 20:27 | Source:
US investment bank Morgan Stanley has posted an 87% jump in profits to $1.65bn (£1bn) in the three months to the end of September. Trading of currencies, commodities and bonds was a big driver of profits, as was wealth management - advising high ear...
Morgan Stanley Profit Jumps 87% as Trading Activity Rebounds
Oct 17, 2014 at 18:00 | Source:
Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Net income attributable to common shareholders rose to $1.65 bi...
The wider concerns of Hong Kong's protesters
Oct 03, 2014 at 20:41 | Source:
For the Hong Kong students thronging the streets of the Central business district this week the issue at stake has been wider democracy. But for the thousands more young professionals living and working in the city's nearby office blocks, the pr...
Alibaba Gives Bigger Incentive Fees to Credit Suisse, Morgan Stanley
Sep 27, 2014 at 16:00 | Source:
Wall Street Journal
In the historic initial public offering of Alibaba Group Holding Ltd. last week, it turns out that some banks were more equal than others. In its final doling out of fees to underwriters for their work on the offering, Alibaba rewarded Credit Suisse ...
Alibaba Banks Bring Home $261 Million in Fees
Sep 22, 2014 at 20:00 | Source:
Alibaba Group Holding Ltd.'s underwriters raked in $261.2 million in fees after completing the largest initial public offering in history. Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mo...
Morgan Stanley Picks Up Rs 32-Crore Pantaloons Shares
Sep 16, 2014 at 00:00 | Source:
Mumbai: Foreign fund house Morgan Stanley Asia (Singapore) on Monday picked up nearly 26.7 lakh shares in clothing retail firm Pantaloons for a little over Rs 32 crore through open market. A total of 26,68,655 shares of Pantaloons were acquired by&am...
Apple Pay can be a game changer if backed by retailers
Sep 11, 2014 at 11:31 | Source:
Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of retai...
Retailers seen unlikely to warm up to Apple Pay
Sep 11, 2014 at 04:35 | Source:
Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of reta...
ECB’s last roll of the dice
Sep 04, 2014 at 23:57 | Source:
Today is a big day in the history of the Eurozone, for three reasons (always good to have the big three). First an ideological Rubicon has been crossed by the European Central Bank (ECB) - because in trying to cut interest rates and increase the supp...
Russian rouble falls to new low on sanctions threat
Aug 30, 2014 at 00:17 | Source:
The Russian rouble fell to a record low against the dollar as investors fear further sanctions against the nation. The rouble fell to 37.03 per dollar on Friday, its worst valuation since the currency was restructured in 1998. The tumble comes weeks ...
SKS Microfinance Surges; Morgan Stanley Starts at 'Overweight'
Aug 28, 2014 at 10:54 | Source:
SKS Microfinance shares up 3 per cent at Rs 299 on Thursday. Morgan Stanley initiates coverage with an "overweight" rating and a target of Rs 385. India's microfinance industry has $90 billion demand potential, says Morgan S...
Titan Company Gains After Morgan Stanley Upgrades
Aug 21, 2014 at 11:26 | Source:
Titan Company gains more than 5 per cent on Thursday as Morgan Stanley upgrades the watches and jewellery maker to "overweight" from "equal-weight". Morgan Stanley raises share price target to Rs 420 from Rs 330. M...