Tag: Morgan Stanley

• Tuesday, September 10th 2024 - 08:12 UTC

  Morgan Stanley, Goldman Sachs, Citi forecast oil price falling in Q4 and 2025

  

  Investment bank Morgan Stanley has again cut its forecast price for a barrel of oil, expecting the international benchmark to average US$ 75 a barrel in the last quarter of the year. This is because analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting their Q4 oil price forecast.

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• Thursday, June 14th 2018 - 21:49 UTC

  Morgan Stanley and Royal Bank of Canada fined in Brazil for rigging foreign exchange rates

  

  Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.

• Wednesday, May 17th 2017 - 09:36 UTC

  Lloyds Bank returns to private sector; at height of financial crisis government held 43% of shares

  

  The British government has confirmed its remaining shares in Lloyds Banking Group have been sold, eight years after pumping in £20bn to save it. Lloyds Bank said the government will see a return of £21.2bn on its investment.

• Tuesday, January 10th 2017 - 17:34 UTC

  Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

  

  Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.

• Friday, May 9th 2014 - 07:01 UTC

  Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

  

  Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.

• Monday, July 9th 2012 - 19:59 UTC

  Morgan Stanley cuts Argentina’s growth estimates and forecasts 2013 devaluation

  

  Morgan Stanley has cut its 2012-13 growth forecasts for Argentina and forecasts a sharp devaluation of the Argentine peso next year as the economy starts to unravel amid high inflation and policy missteps.

• Thursday, February 16th 2012 - 20:12 UTC

  Moody warning on credit ratings of 17 global banks and 114 European financial institutions

  

  Moody's warned Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the Euro zone government debt crisis is spreading throughout the global financial system.

• Thursday, August 18th 2011 - 20:57 UTC

  US and Euro zone “dangerously close to recession” warns Morgan Stanley

  

  The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

• Wednesday, October 20th 2010 - 03:06 UTC

  US Treasury launches fourth sale of Citigroup common stock

  

  The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.

• Wednesday, September 1st 2010 - 19:34 UTC

  Chinese sovereign fund takes control of 10% of Morgan Stanley’s

  

  The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.