Emerging-market stocks declined for the first time in three days as Chinese shares fell on concern government moves to spur the economy may fail to revive growth in the world’s second-largest economy.
Morgan Stanley , the sixth-largest U.S. bank by assets, named Michele Colocci head of its merger-and- acquisition group in Europe, replacing Dieter Turowski .
Hedge fund Oasis Management LLC sued Morgan Stanley for C$9.5 million ($9.3 million) over options in Sino-Forest Corp. bought before the Toronto-listed timber company’s stock plunged 71 percent in two days in June.
"The advance in EM stocks today has been driven by the better-than-expected trade data from China."
- Michael Wang on Jan 13, 2015