County Morgan Financial News

Companies within emerging markets feature most frequently across the stable of trusts, with only two developed market-headquartered firm appearing more than twice – Microsoft and 3i Group.

By David Morgan

Steve Burton bids adieu to Days of Our Lives, a mere year after his triumphant comeback as Harris Michaels. The departure, announced through a heartfelt video on the Daily Drama's YouTube page, sees Burton expressing profound gratitude to the cast and crew, stating, «Wow! Well, I just shot my final scenes here on 'Days of Our Lives,' and I just want to say, thank you so much to the cast [and] to the crew. It’s been amazing.» For Burton, this marks a poignant moment in his soap opera journey, one that began with his debut on Days of Our Lives back in 1988. After a year, he embarked on diverse roles, venturing into other beloved series such as The Young and the Restless and General Hospital.

Quiver Quantitative — The year 2023 emerged as a period of surprising market resilience, defying Wall Street's grim forecasts and manifesting a significant stock rally. Contrary to expectations, the S&P 500 (SPY) and Nasdaq 100 (QQQ) experienced significant gains, with the latter achieving its best performance since the dot-com era. This upsurge reflects the enduring impact of consumer demand that has been driving growth and inflation since the pandemic's onset.

Bain Capital-backed Emcure Pharmaceuticals has filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and existing shareholders, according to the fresh draft red herring prospectus filed last week.

final placements for the Class of 2024, the institute said on Sunday. This included pre-placement offers. Accenture Japan, American Express, Axis Bank, Axtria India, Bajaj Auto & Chetak Technology, Bharat Petroleum Corporation, Cisco, EXL Service, Futures First, Google, ICICI Bank, Jaguar Land Rover India, JP Morgan & Chase, Merilytics, Microsoft, Navi, Oracle India., Qualcomm India, Reliance Industries, Sprinklr, Texas Instruments and Zepto were among the companies that participated in the placements drive, according to the statement issued by IIT-R.

Digital asset brokerage firm, Nonco, has raised over $10 million in seed funding, according to a new statement from the company.

«The Drift» author provides insight on the economy and oil prices on «Kudlow.»

A California advisor who managed $197 million in client assets at Morgan Stanley has jumped to Raymond James & Associates, the firm’s employee channel, Raymond James announced Thursday.

A lawsuit filed in federal court is alleging negligence by CSX Transportation caused a train derailment and chemical fire that forced residents of a Kentucky town from their homes just before the Thanksgiving holiday

Morgan Stanley’s wealth management arm is searching for more financial advisers to target an ever-growing list of wealthy Australian families.

Morgan Stanleyco-president Andy Saperstein has been diagnosed with cancer and plans to keep working as he begins to receive treatment.

By Moira Warburton and David Morgan

funding climate for Indian technology startups deteriorated year-over-year, with $29.7 million deployed across 6 funding rounds in the week from November 13 to 17. In the comparable week in 2022, startups had raised $189 million across 34 funding rounds. The deals in the 2023 week averaged at about $4.95 million per deal, versus $5.6 million per deal in 2022.

Delhivery, the country's largest fully integrated logistics services provider, tumbled 3.70% in early trade on Friday, reaching ₹398.50 apiece. This downturn came after 1,74,57,113 shares of the company changed hands in a block deal window on Friday. The total worth of the transaction was around ₹722.18 crore.

SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with «any form» that new banking regulations end up taking, but added he expects some watering down before the final rules are confirmed.

The boards of both trusts have noted the increased scale of the renamed vehicle, which is expected to hold net assets in excess of £430m.

By David Morgan

Craig Morgan, a recent enlistee in the U.S. Army Reserve and a 59-year-old country music icon, recently spoke about the profound importance of the annual day of remembrance as the nation observes Veterans Day. He stressed that it was a very special day to celebrate those who served.

CapitaLand India Trust (CLINT) has secured a five-year construction loan of ₹1,300 crore from JP Morgan India to finance the Phase-1 development of its data centre in Navi Mumbai. «Securing this onshore loan in India would diversify our funding sources and help us to optimise our funding costs,» said Sanjeev Dasgupta, chief executive of CapitaLand India Trust Pte Ltd. CapitaLand has already started the construction of the data centre, which is scheduled for completion by mid-2025. The data centre will have a power capacity of 108 MW. Besides this upcoming facility in Navi Mumbai, CLINT has three data centres under development in India. CLINT, formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading in August 2007 as the first Indian property trust in Asia.

By David Morgan