Auction for Morgan Stanley’s $1b StraitNZ reaches final port of call
At least two bidders have lobbed proposals for the business in the Rothschild-run auction.
At least two bidders have lobbed proposals for the business in the Rothschild-run auction.
Morgan Stanley sees a more attractive entry point in high-quality hyperscaler bonds as investors remain wary of the debt funding the AI build-out.
The investment bank downgraded the crypto exchange to underweight from equal weight.
Lockheed Martin has made a framework agreement with the U.S. Department of Defense for fighter jet production, which should help its stock, per Morgan Stanley.
The prospect of higher borrowing costs, which the investment bank says will determine the extent to which prices fall, took a step closer to reality on Wednesday.