From Breakingviews - Morgan Stanley and MUFG’s next act is well-timed
two years earlier; the new-ish partners also intend to work on more deals together. The source of inspiration, though, isn’t standing still.
As well as collaborating on foreign exchange trading, Morgan Stanley and MUFG will now integrate the institutional Japan equities business by consolidating research and institutional sales into Morgan Stanley’s joint venture entity. Combined, the net operating revenue of the joint ventures is 78% of what Nomura’sClients will get broader coverage at a time of heightened interest in Japan; the TOPIX is up 20% this year and trading near a multi-decade high. Some of the drivers are profound.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley beats estimates on record wealth management revenue'It's a process and what matters is they pick somebody who has the skillset to lead this type of company,' Morgan Stanley's James Gorman says on the board's search for a new CEO. 'We have 3 phenomenal candidates so it's set up really well.'
Read more »
Morgan Stanley moves 200 technologists out of China on data law - Bloomberg NewsMorgan Stanley is shifting more than 200 technology developers out of China after the country tightened access to cache of data stored onshore, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Read more »
Breakingviews - Sony's Microsoft truce marks new gaming realityIt’s almost a new dawn in videogames. After opposing Microsoft's $69 billion purchase of Activision Blizzard , Sony has signed an agreement over the latter's 'Call of Duty' title. It will help the $2.6 trillion company appease regulatory holdouts, but Sony benefits too.
Read more »
Breakingviews - Old Cold War tool could help in new era of tensionOn Breakingviews: Joe Biden last week trumpeted the unity of the NATO alliance in the face of Russia’s invasion of Ukraine. Rich democracies need similar cohesion in the economic sphere to manage the dangers of a quasi-Cold War with China, says Hugodixon
Read more »
Breakingviews - Warren Buffett flaunts his green investment thumbHow does Warren Buffett allocate capital? Carefully, but it gets tougher the bigger Berkshire Hathaway gets. Thankfully for the conglomerate’s backers, energy offers a combination of regulated returns and transition opportunities for many years to come. The Oracle of Omaha’s latest investment builds on the profitable thesis.
Read more »