Morgan Stanley names Ted Pick as investment bank's next CEO, succeeding James GormanTed Pick has served as co-president of Morgan Stanley for the past two years. He first joined the investment bank back in 1990, and held se...
Morgan Stanley CEO Gorman expects bank to appoint successor in 12 monthsMorgan Stanley's CEO, James Gorman, announced that the company will likely name its next CEO in the next 12 months. Gorman stated that the ...
Wall St Week Ahead: Recession fears pose challenge to energy shares after stellar yearEconomists and analysts in a Reuters survey forecast U.S. crude would average $84.84 per barrel in 2023, compared to an average price of $9...
Early or late cycle? Fast-running bull market unnerves investorsThe S&P 500 index is 24% above the prior bull market peak hit in Feb 2020. After 2008, stocks took roughly five years to achieve that miles...
NSE-BSE bulk deals: Serum Institute trims stake in Panacea BiotecSerum Institute of India sold 3,09,559 shares of Panacea Biotec at Rs 243.52 per share. It held 8.03 per cent stake in the company at the e...
Five ways the US elections could affect equity marketsDemocratic nominee Joe Biden is ahead in national polls and in betting markets the former vice president is favored to win with an average ...
Stimulus hopes ease global markets into explosive fourth quarterEurope's STOXX 600 index and the euro were up 0.7 per cent and 0.2 per cent respectively before PMI economic data expected to show the regi...
Dow Jones slumps after three-day rally as virus threat intensifiesThe United States surpassed China as the nation with the most number of COVID-19 cases, putting more pressure on lawmakers to flood the cou...
Falling dollar bets send signal of hope to EM bullsMSCI Inc.’s index of developing-nation currencies managed to stem a three-day decline Friday.
Yield-hungry EM traders seek cue from Trump and XiDeveloping-nation currencies and bonds just staged their best weekly performance since 2017.
Rates experts work to decode enigma of Fed balance-sheet pivotSome analysts expect Fed to become a buyer of bills as policymakers look to keep balance sheet steady.
Cracks appear in credit funds as investors head for the exitOverall, $14.1 billion was pulled from debt funds, with $10.9 billion taken from high-yield bonds alone.
Dollar skeptics defy rally as $1 trillion fund prefers euroThe dollar isn’t going anywhere in a hurry, according to analysts’ forecasts.
- Foreign funds flag Kashmir dispute, religious strife as 'risks' to India investments
JPMorgan has flagged these "religious and border disputes" regarding investments in India.
- US to grow 3.5% next year, best since 2004
The US economy next year will turn in its best performance since 2004, as spending perks up and cos increase investment and hiring. World's...
- Dollar driven lower on dismal US job report
The dollar was driven lower Friday on dismal US labour market news that raised fresh concerns about the health of the world's largest econo...
- US adds 110,000 jobs in September
The Labor Department report on non farm payrolls, seen as one of the best gauges of economic momentum, also revised up its estimate for Aug...