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Morgan Stanley, UBS to boost presence in China

Jan 10, 2017 07:00 AM EST

Morgan Stanley and UBS Group AG are looking to increase their footprints in China. The news is being widely seen as the endorsement of booming a Chinese economy. Both the financial firms plan to boost their holdings in their respective joint ventures in China to permissible 49 percent.

JPMorgan is backing out of its investment in China's First Capital Securities.

JPMorgan Considers Selling its Stake in China Securities JV

S. Rina |

Oct 21, 2016 04:35 PM EDT

JPMorgan is reportedly in talks to sell out its stake in First Capital Securities joint venture. The banking company has a 33 percent stake in the joint venture.

Apple could replicate its success in China in India.

Apple Can Replicate Sucess in Chinese Market to India

Charissa Echavez |

Apr 25, 2016 10:31 AM EDT

American multinational financial services corporation Morgan Stanley suggested that India could be Apple's next China as the former is predicted to become the world's second biggest smartphone market as early as next year.

McDonald's Corp is targeting private equity firms for its planned sale of 2,800 North American restaurants.

McDonald's Targets Partnership with Private Equity Firms for Asian Expansion

Charissa Echavez |

Apr 17, 2016 06:32 AM EDT

McDonald's Corporation is targeting private equity firms such as MBK Partners, TPG Capital Management, Bain Capital and state-owned China Resources Holdings for its planned sale of 2,800 North Asia restaurants.

Google Hires "Most Powerful Woman on Wall Street"

David Curry |

Mar 25, 2015 05:56 AM EDT

Porat will report directly to Google CEO Larry Page.

Apple's Valuation to Surpass $1 Trillion

David Curry |

Mar 03, 2015 08:12 AM EST

It's currently valued at $750 billion or more than Exxon Mobil, Google, Microsoft and Facebook altogether.

Morgan Stanley Settles Mortgage-Backed Securities Lawsuit for US$2.6 Billion

Vittorio Hernandez |

Feb 26, 2015 03:20 AM EST

American banking giant Morgan Stanley will pay the federal government US$2.6 billion to settle the mortgage-backed securities lawsuit that the Department of Justice filed against the Wall Street lender over the 2008 global financial crisis.

Apple May Hit 67 Million iPhone Sales In December Quarter

David Curry |

Dec 22, 2014 03:08 AM EST

Apple's iPhone might hit a record sales point in December, according to a recent survey of consumer interest.

Hong Kong Banker Settles Court Battle With Google Over Internet Trolling

David Curry |

Nov 25, 2014 02:04 AM EST

Hong Kong based former Morgan Stanley banker Daniel Hegglin has settled the case with Google, after pushing to make sure derogatory comments and articles were removed from the search engine.