FeaturedMarketsChinese markets are losing out on foreign investorsIFM CorrespondentMay 6, 2022 by IFM CorrespondentMay 6, 2022 Due to the pandemic, China, as well as Hong Kong, have become the worst-performing stock market in Asia.... Read more
FeaturedIslamic FinanceOil behemoth Aramco begins Islamic bond saleInternational Finance Business DeskJune 8, 2021 by International Finance Business DeskJune 8, 2021 The sukuk sale, which began on June 7th, is expected to conclude on June 17th... Read more
FeaturedTechnologyJP Morgan to launch bitcoin fund for wealthy customersInternational Finance Business DeskApril 28, 2021 by International Finance Business DeskApril 28, 2021 Reportedly, the fund will be offered to clients in JPMorgan's private wealth division... Read more
Business LeadersFeaturedMorgan Stanley‘s Gorman’s pay tops JP Morgan CEOInternational Finance Business DeskJanuary 28, 2021 by International Finance Business DeskJanuary 28, 2021 CEO James Gorman has become the top-paid executive in his position with $33 million for 2020... Read more
FeaturedOil & GasSaudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demandBharath KumarMarch 5, 2020March 18, 2020 by Bharath KumarMarch 5, 2020March 18, 2020 the Kingdom has pushed for a larger cut compared to Goldman Sach’s recommendation of 600,000 to I mn bpd... Read more
BankingFeaturedMorgan Stanley to acquire online trading firm Etrade for $13 bnBharath KumarFebruary 24, 2020March 18, 2020 by Bharath KumarFebruary 24, 2020March 18, 2020 The acquisition will allow Morgan Stanley to tap into Etrade’s 5.2 mn retail investors... Read more
FeaturedOil & GasPetrobras hires 7 banks to sell stakes in fuel distribution unitPritam BordoloiJanuary 30, 2020March 10, 2020 by Pritam BordoloiJanuary 30, 2020March 10, 2020 Morgan Stanley, JPMorgan Chase and Goldman Sachs are among the banks hired for the stake sale in Petrobras Distribuidora... Read more
Asset ManagementFeaturedWealth managementMorgan Stanley aims to boost its wealth management staff strength in AsiaBharath KumarJanuary 22, 2020March 18, 2020 by Bharath KumarJanuary 22, 2020March 18, 2020 The US investment banking giant declared that it touched a milestone in profit last year, owing to its wealth business that contributes to over 50 percent of its earnings.... Read more
Oil & GasAramco to pay up to $450 mn as fees to IPO advisorsPritam BordoloiOctober 17, 2019 by Pritam BordoloiOctober 17, 2019 Book runners JP Morgan and Morgan Stanley to be paid the highest IPO fees by Aramco... Read more
BankingDBS Bank working with advisor for Bank Permata acquisitionInternational Finance DeskOctober 10, 2019 by International Finance DeskOctober 10, 2019 It would be DBS’ second attempt to acquire an Indonesian bank... Read more