Bloomberg Morgan Stanley, Wall Street’s biggest stock-trading firm by revenue, is cutting its global bonus pool for the equities division by as much as 4 percent and dismissing some employees after the industry’s results flagged last year, according to people with knowledge of the plans. The firm, which is set to pay annual bonuses next month, has been fine-tuning ...

  Bloomberg Credit Suisse Group AG may not need to sell stock in its Swiss unit to raise capital after the bank resolved a major legal issue, according to Harris Associates, one of its biggest investors. The bank announced in December that it would pay more than $5 billion to end a years-long US investigation into the role of its ...

  Bloomberg Indonesia’s government is considering curbs on negative research reports by foreign banks, building on its decision to punish JPMorgan Chase & Co. for issuing a bearish call on the country’s equity market. The finance ministry may ask top management at global banks which hold primary dealerships in Indonesian sovereign bonds to sign pledges to refrain from issuing research ...

  Bloomberg China’s foreign currency holdings remained above $3 trillion in December even as the yuan capped its steepest annual decline in more than two decades. Reserves fell $41.08 billion to $3.01 trillion, the People’s Bank of China (PBOC) said in a statement Saturday. That matched a $3.01 trillion estimate in a Bloomberg survey of economists. China may take measures ...

  Bloomberg Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders. “Across the entire industry you’ll see an uptick in non-performing loan ratios,” Chief Executive Officer Herbert Wigwe said in an interview in Lagos, the ...

  Bloomberg Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion in the world’s fastest growing aerospace market. The transaction, which would more than double SpiceJet’s 40-plane fleet, may be closed within weeks after lengthy talks that pitted Boeing against rival Airbus Group SE, people with direct ...

  Bloomberg Aggressive growth strategies at Europe’s leading discount carriers are poised to overthrow the region’s established airline order. Ryanair Holdings Plc, already Europe’s top low-cost operator, boosted its passenger tally 15 percent to 117 million in 2016, a figure that’s set to give it the biggest annual tally of any carrier in the region, ahead of Deutsche Lufthansa AG, ...

  MEXICO CITY / AP A consortium led by Mexico’s Carso infrastructure and construction company has won a $4 billion contract to build the main terminal building at Mexico City’s new airport. The $9.2-billion project will quadruple the current airport’s capacity to 120 million passengers per year. Mexican builder ICA Constructora de Infraestructura will join nine firms, some Spanish, in ...

  Bloomberg Iridium Communications Inc. needs SpaceX to get it right this time. Elon Musk’s Space Exploration Technologies Corp. is set to launch 10 Iridium communications satellites from Vandenberg Air Force Base in California on Monday, marking the company’s first return to flight since a Falcon 9 rocket blew up on a Florida launch pad in September. The satellites are ...

  DPA A mobile game, of all things, is providing dementia researchers with huge amounts of data. Called Sea Hero Quest, it’s helping them understand how our brains navigate space and is being used to create a benchmark for early detection of dementia, one of the first symptoms of which is the loss of navigational skills. Participants in the project ...