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Morgan Stanley mulls sale of education firm

  Bloomberg Morgan Stanley Private Equity Asia is considering selling Chinese financial education company Coinage International. The buyout firm could seek a valuation of about $500 million for the education business in a deal. Morgan Stanley PE Asia has received interest from companies in the industry and financial sponsors. Deliberations are preliminary and the private equity firm could decide against ...

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European stocks boosted by rate-hike outlook; dollar slips

  Bloomberg European stocks gained and the dollar fell after Federal Reserve meeting minutes showed support for more moderate interest rate increases. The Stoxx Europe 600 Index extended its recent rally as the real estate sector outperformed, boosted by the prospects of slower rate hikes and analyst upgrades. Dr. Martens Plc shares plunged the most on record after the bootmaker’s ...

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Malaysia stocks advance most since March 2020

  Bloomberg Malaysian stocks surged the most in over two years after veteran opposition leader Anwar Ibrahim was appointed the new prime minister, ending a political impasse that’s weighed on markets this week. The benchmark FTSE Bursa Malaysia KLCI Index rallied 4% at the close. Gaming companies including Genting Malaysia Bhd., Sports Toto Bhd. And Magnum Bhd rise as the ...

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