Bloomberg Business

Morgan Stanley Wins China Fund Control as Competition Heats Up

Morgan Stanley gained full control of its fund management joint venture in China, joining rival JPMorgan Chase & Co. in buying out local partners to boost their presence in the nation’s 26 trillion yuan ($3.86 trillion) market.

Czech Incoming President Warns Against Caps on Ukraine Arms

The Czech Republic’s incoming president said the only limit to weapons deliveries to Ukraine should be nuclear arms, signaling support for sending fighter jets as he expressed confidence that Ukrainian forces can defeat Russia.

Starbucks Slips as Lingering China Weakness Hits Results

Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year.

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