Bloomberg Business

Sammy Kayello, the head of Morgan Stanley’s business in the Middle East and North Africa, is set to step down after almost a decade leading the Wall Street firm in the region.

Legal & General Group Plc’s veteran chief executive officer is to retire after more than a decade at the helm of the financial services group.

Hedge funds are betting this year’s stellar start for Treasuries is too good to last, quietly building up the biggest bearish bet on bond futures on record.

Royal Philips NV shares jumped the most in more than two years after the maker of medical equipment projected sales growth on improving supply chains and embarked on a major cost-cutting drive.

European natural gas fluctuated as the return of warmer weather keeps a lid on heating demand, even as cheaper fuel brings the possibility of a rebound in industrial consumption.

Malaysia’s Prime Minister Anwar Ibrahim said his government will work to gradually lower the nation’s debt and narrow the budget gap, without resorting to raising taxes that hurt the poor.

China’s stocks pulled back from the verge of a bull market, with the muted reopening from a week-long Lunar New Year break indicating that traders are waiting on new catalysts after a three-month rally.

Hong Kong’s wealth fund suffered a HK$202.4 billion ($25.8 billion) record loss in 2022, hurt by a selloff in stocks and bonds as interest rates rose.

SMBC Nikko Securities Inc. lost money for the third consecutive quarter, underscoring the continued damage from a trading scandal at the brokerage of Japan’s second-largest banking group.