American brokerage firm Morgan Stanley on Thursday sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict on oil prices. Analysts at the brokerage also raised their inflation forecast to 6 per cent - the upper end of the tolerance band for the RBI - and flagged stagflation risks because of the ongoing events. "We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy," they said. It can be noted that stagflation involves a stagnancy in output or growth, coupled with high inflation.
Morgan Stanley on Monday raised India's growth forecast for the current financial year to 5.4 per cent from 5.1 per cent projected earlier citing better than expected GDP growth in the September quarter and stabilisation in non-agriculture growth indicators.
If MSGF had shared the complete portfolio with its investors more frequently, the red flag on its misconceived investments might have been raised earlier.
Priyanka Chopra Jonas, Samantha and Matilda De Angelis got together to attend the London premiere and celebrate the upcoming releases of Citadel: Diana and Citadel: Honey Bunny.
Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared "non-public information" with investors "before the bank sold hundreds of millions of dollars of stock", reports the Wall Street Journal.
He quit after another executive was appointed co-presidents bypassing him.\n
Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account.
Morgan Stanley Sales & Trading, US, believes the stock is better value for money than others and has a upside as high as 73 per cent. A slowdown in the economy has hit demand and led to a fall in overall consumption in an auto market which till recently was one of the fastest growing in the world.
Morgan Stanley attributes the strength in the domestic rally to local flows.
Financial services firm Morgan Stanley has said its chief executive officer John J Mack is stepping down next year and will be replaced by co-president James Gorman.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
Morgan Stanley has big plans to invest in India's real estate.
By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to $3,650.
The recent stimulus measures announced by China have seen most analysts sit up and take notice.
American brokerage Morgan Stanley on Thursday slashed its Sensex target for the next 12 months to 18,200, citing weakening macro fundamentals of the economy.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
'Investors looking at the next 6-12 months can be certain that the Fed will maintain its easing cycle, and we expect the overall environment to be conducive for fixed income investments for portfolio diversification.'
India is facing a challenging situation, where growth rate has slowed down significantly, yet inflation levels remain high. Early revision of policy rates would raise the risk of renewed currency depreciation pressures.
Morgan Stanley plans high-level management changes, which includes finance chief Colm Kelleher and veteran banker Paul Taubman taking charge of the company's institutional securities unit.
Attributing to Morgan Stanley CEO James Gorman, the report by the Financial Times said that the company plans to boost its under-performing securities business by hiring several hundred traders over the next few years.
Morgan Stanley says the Indian market's performance would depend on policy action.
The move indicates that Morgan Stanley would keep a watch on its risk-taking ability a year after the global financial meltdown.
Ronald Perelman, on the advice of Morgan Stanley, said he sold his stake in Coleman Inc. to appliance firm Sunbeam, which later became engulfed in an accounting scandal, thereby driving down the value of his stock.
As the lead underwriter responsible for Facebook's IPO, Morgan Stanley, would receive the largest chunk of those profits arising from stabilising Facebook's stock price, the report said citing a person familiar with the matter.
The ongoing consolidation in equities would improve return prospects during the second half of 2021, an American brokerage said on Tuesday. Leading indicators relating to fundamentals including growth, stability, government policy and RBI policy, and corporate earnings are "generally positive" about equity returns, analysts at Morgan Stanley said. It can be noted that since the start of the second wave of COVID-19 infections, which also coincided with inflation worries in the US, there has been an uneasiness within investors. From its levels on March 10, the markets are down by nearly 3 per cent despite the late surge over the last two trading sessions.
The actor bagged the Best Actor award at the Schlingel International Film Festival in Germany.
On the day of Facebook's market debut, trading glitches by the Nasdaq postponed the start of trading in the company by 30 minutes.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
Domestic and external environment still remain "challenging".
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
Financial services company Morgan Stanley's Asia chief Stephen Roach is more bullish on Indian economy than China.
According to Morgan Stanley, high government deficit and strong growth in rural wages (which is growing at around 20 per cent year-on-year for last three years) are key factors keeping inflation expectations high.
In September, the headline inflation accelerated to a seven-month high of 6.46 per cent, while the retail inflation quickened to 9.84 per cent.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
The two countries also signed a 'Memorandum of Agreement regarding the Assignment of Liaison Officers', which will facilitate the posting of one military officer from each country with the military of the other.
Domestic markets may see the return of retail investors finally as earnings from equities have turned positive in recent months, brokerage firm Morgan Stanley said.
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