Mitsubishi UFJ Financial Group posted a 59 percent rise in quarterly profit helped by stronger lending, becoming the third major Japanese bank to post market-beating results, in a sign that Tokyo's lenders may now be on the mend.
Japan's Mitsubishi UFJ Financial Group and Morgan Stanley will merge only part of the U.S. firm's Japan brokerage operation with MUFG's, revising their earlier pact, the Nikkei business daily reported on Wednesday.
New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.
Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.
Strong demand for a piece of a China property company and a brokerage show that selected IPOs are still being coveted despite investor fatigue with the surge of new listings.
Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.
Morgan Stanley's Australian real estate unit, Investa Property Group, has abandoned a plan to float some office assets as the offer price did not meet investors' expectations, it said on Wednesday.
In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of guanxi.
Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.
Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.
U.S. stocks fell on Tuesday, weighed by technology and financial shares, as Morgan Stanley downgraded the semiconductor sector and after a shake-up at two big British banks and poor results from Swiss lender UBS.
The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fuelling an unexpectedly strong advance.
Regional economic reports on Monday suggested the U.S. economy has clambered back to levels associated with the end of recession, but recovery will be patchy and may prove fleeting.
Regional economic reports on Monday suggested the U.S. economy has clambered back to levels associated with the end of recession, but recovery will be patchy and may prove fleeting.
Morgan Stanley said on Thursday it will seek to rapidly expand in the coming years its high-end wealth management unit catering to the ultra wealthy.
U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo shares and a wider-than-expected loss from Boeing disappointed investors.
Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.
Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.
Oil jumped more than 3 percent toward $82 a barrel on Wednesday, its highest level in a year, due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.
Oil jumped 3 percent to over $81 a barrel on Wednesday to its highest level in a year due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.
Morgan Stanley reported better-than expected third-quarter profit on Wednesday with results bolstered by strong fixed income sales and trading revenue and improved investment banking underwriting results.
Stocks gained on Wednesday as results from banks including Morgan Stanley and Wells Fargo topped expectations, and on increased optimism about the profit outlook for the technology sector.
