Bloomberg Morgan Stanley is remodeling. About 1.2 million square feet (111,000 square meters) of office space will get an overhaul in the next 15 months to put technology experts closer to brokers, traders and bankers, the firm’s head of technology, Rob Rooney, said in an interview. After changes to wealth-management operations, tra- ding floors, investment-banking offices and space tied to ...

Bloomberg The economist tipped to be Mexican President-elect Andres Manuel Lopez Obrador’s first central bank board nominee said he expects policy makers to cut the key interest rate starting next year given the outlook for slowing inflation and growth. Policy makers have room to ease even as the Federal Reserve tightens, Jonathan Heath, a former chief economist at HSBC Holdings ...

Bloomberg Bonds traders were fast to cheer the Reserve Bank of India for keeping rates on hold. The gains may prove fleeting. While the central bank surprised by keeping borrowing costs unchanged, it changed its stance to “calibrated tightening” from neutral, signaling more hikes lie ahead. Add to that concerns about soaring oil prices and the tumbling rupee, investors are ...