Morgan Stanley missed analysts’ estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading, sending its shares down 5 percent.
Wall Street’s main indexes were set to retreat from one-month highs on Thursday, hit by weak results from Morgan Stanley and renewed concerns over the progress of Sino-U.S. trade talks.
Wall Street’s main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks.
Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.
Japan’s Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Britain, dealing a blow to UK plans for the replacement of aging plants.
Morgan Stanley’s fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law.
PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday “challenged” the U.S. utility’s decision to file for bankruptcy, saying it was unnecessary.
Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a “dovish” turn from the Federal Reserve may mean the drama is over for now.
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.
Britain is committed to the nuclear power sector, Prime Minister Theresa May’s spokesman said on Thursday, after Japan’s Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn’s arrest.
The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
The ongoing federal government shutdown is impeding efforts to advance several rule changes that aim to make life easier for financial institutions.
Japan’s Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.
Siemens will not make further concessions to save a rail merger deal with France’s Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.
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