Morgan Stanley reports lower profit, but wealth management gains

Morgan Stanley's wealth business, which contributes 44% of its revenue, benefits from higher stock prices and more lending to customers

JOB ADS | Afreximbank is hiring for its headquarters in Cairo

SPONSORED | Apply for vacancies at the pan-African trade finance institution via CA Global Headhunters

SAB gets go ahead for SA rights to Smirnoff’s ready-to-drink brands

The Competition Commission has given a conditional greenlight for SAB to sell its flavoured alcohol brands

Bidding war likely as SA Corporate survives probe

The real estate company, already the subject of a bid by Emira, could attract others with its residential portfolio

South32 reviews future of smelter amid higher power prices

Though no final decision has been made, the review could result in South32’s divestment from its manganese alloys smelter or even its closure

Once keen bankers asking if Aramco IPO is now worth it

Some banks have worked on the deal for more than two years, expecting their cut of the proposed $100bn IPO, but the well  may be dry

Volvo Cars to cut costs as trade war dents profits

Swedish carmaker rejigs global production plans in bid to reduce the impact of tariffs arising from the China-US trade war

Is the construction sector a bailout candidate?

The government bails out state-owned enterprises all the time — so why not struggling construction groups too?

SAP growth in cloud bookings is down, sending shares down

The tech company’s stock fell as much as 10% in Frankfurt trading, with an ‘underwhelming’ second-quarter performance

Netflix to launch low-price, mobile-only product in India

As it loses subscribers in its home base for the first time, the streaming giant is looking to India as one of its last big growth markets

Old Mutual is victimising Moyo, says his legal team

In the high court, Peter Moyo says he was fired due to conflict with Old Mutual chair Trevor Manuel, who is ‘gunning for him’

Kumba’s interim profit trebles on higher iron ore prices

Miner lowers its full-year production forecast after operations run into heavy weather

Axed Carlos Ghosn sues Nissan and Mitsubishi

Former chair accuses the Japanese carmakers of breaching his contract as an employee of joint subsidiary

Anglo lowers diamond and iron output but remains on track overall

The miner offsets reduced iron ore from SA with increased production from Minas-Rio in Brazil

South32 mulls bids for SA coal assets

The miner expects to provide a further update to the market in the December 2019 half-year

WATCH: How Ford plans to employ 1,200 more workers

Ford Southern Africa MD Neale Hill talks to Business Day TV about the operating environment and the potential returns for the country and company

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.