Day: December 2, 2019
Asian shares gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November. Asian Shares Japan’s Nikkei NIK, rose 1.1%. Hong Kong’s Hang Seng gained 0.5%. The Shanghai Composite SHCOMP edged up 0.3% Australia’s S&P/ASX 200 XJO, was up 0.6%. Currencies The euro climbed 0.1% to $1.1017. The Japanese yen was little changed at […]
At least four Morgan Stanley traders have reportedly been fired or placed on leave over allegations that millions in losses were hidden through securities mismarking. (Mismarking occurs when the value assigned to securities doesn’t reflect what they’re actually worth.) Morgan Stanley discovered faulty pricing had been used for emerging market options contracts that cost the bank up […]
