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Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses.
Client assets at retail brokerage Charles Schwab and the wealth arms...
General Motors backs biggest US lithium project with US$625 million investment
GENERAL Motors has committed US$625 million towards what will likely be one of the biggest US lithium mines, reinforcing the carmaker’s efforts to secure domestic supply of the battery...
China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns.
The country’s largest life insurer...
Morgan Stanley’s profit jumps on recovery in dealmaking
MORGAN Stanley’s profit rose in the third quarter, fuelled by a rebound in dealmaking that also helped its rivals.
The investment bank reported a profit of US$3.19 billion on Wednesday...
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
MORGAN Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.
A revival in corporate debt issuance,...
Parkway Life Reit posts 2.8% higher Q3 DPU of S$0.1130
PARKWAY Life Reit on Wednesday (Oct 16) reported a 2.8 per cent rise in distribution per unit (DPU) to S$0.1130 for the third quarter of 2024, up from S$0.1099...
Horizon Robotics seeks US$696 million in Hong Kong IPO, in what would be city’s largest in 2024
CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering (IPO), as the city’s listings market shows signs...
Elon Musk hoped Trump would ‘sail into the sunset.’ Now he works frenetically to elect him
While he was building rockets and electric cars and becoming the world’s richest man, Elon Musk mostly stayed out of politics, donating relatively modest amounts to candidates from both...
Boeing to raise up to US$25 billion as strike weighs on finances
US AIRCRAFT manufacturer Boeing unveiled measures meant to replenish its cash flow on Tuesday (Oct 15), including an intention to raise up to US$25 billion, as it navigates recurrent...
Olivia Nuzzi Said RFK Jr, Wanted to ‘Possess, Control and Impregnate’ Her During Their Scandalous Sexting Affair, Her Ex Ryan Lizza Claims
In a shocking court filing by journalist Olivia Nuzzi's former partner, Ryan Lizza, Nuzzi alleged that Robert F. Kennedy Jr. expressed desires to "possess," "control," and "impregnate" her during...
