U.S. stocks rebounded Wednesday after President Donald Trump said he has no intention of firing Federal Reserve Chair Jerome Powell, easing investor concerns about potential leadership upheaval at the central bank. The major indexes fell as much as 0.8% late morning following a report in The Wall Street Journal that Trump suggested to GOP…
SAN FRANCISCO: Figma, a design software company, has filed for an initial public offering on Tuesday, marking one of the most anticipated market debuts in recent years as it prepares to list on the New York Stock Exchange under the ticker symbol “FIG.” The San Francisco-based company, known for its collaborative design tools, reported…
ZURICH: Spring Investments SA, a renowned Swiss boutique fixed-income portfolio management firm, has announced the appointment of Ms. Jackie Ineke as its new Chief Investment Officer. Ms. Ineke, a distinguished figure in European banking credit analysis, brings over thirty years of experience to her new role. “We are thrilled to welcome Jackie to our…
Morgan Stanley Wealth Management has introduced a new service that allows shareholders and investors to trade private company shares in the secondary market. The service, called Private Markets Transaction Desk, is part of Morgan Stanley’s comprehensive Private Markets ecosystem that offers various solutions for companies, employees and investors in the private sector. The Private…
MidOcean Energy, a LNG company backed by EIG, has agreed to acquire a 20 percent stake in Peru LNG, the first and only LNG export plant in South America, from SK Earthon for an undisclosed amount. The deal will expand MidOcean’s global LNG portfolio, which also includes four Australian LNG projects that the company…
LONDON, UK: Permanent TSB (PTSB) has agreed the sale of a loan portfolio to Morgan Stanley Principal Funding Inc. Permanent TSB is a wholly owned subsidiary of Permanent TSB Group Holdings. Morgan Stanley intends to securitise the loan portfolio following completion of the acquisition next year (2022). Neither the sale nor the securitisation of…
NEW YORK: Altice USA has agreed to sell 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will receive total gross cash proceeds of approximately $2.3 billion from the sale and related financing activity (net cash proceeds of approximately $1.1…