Morgan Stanley has revealed plans to break into the exchange-traded fund market with a new platform that plans to launch its first ETF offerings later this year and take on established rivals, including BlackRock and State Street.
Asia will become the ‘default market’ for Russian oil, Dan Yergin says
Asia will become the default market for Russian oil as the country tries to find buyers for its energy exports, said Dan Yergin, vice chairman of S&P Global.
Barclays hit by $590 million US market blunder and stake sale
Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.