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Goldman Sachs and Morgan Stanley take a beating after 3Q earnings release
Morgan Stanley shares fell as much as 7.9% after releasing its 3Q earnings
Morgan Stanley thinks an S&P 500 rebound may be on its way
An S&P 500 rebound “is more likely than not,” said Stanley’s chief US equity strategist
ADES on course to raise USD 1.2 bn in Saudi IPO
The company is expected to price its shares at the top of the range
ADES eyes USD 1.2 bn from Saudi IPO
The IPO is expected to be Saudi Arabia’s largest offering this year
ADES International to IPO in Riyadh in September
Bookbuilding kicks off on 10 September
Microsoft is still chasing Activision and Goldman is dumping part of its “mass market” wealth management division
PLUS: Iran has turned on the oil taps and S&P Global followed Moody’s in downgrading the ratings of five US…
CBE needs USD 5 bn for orderly currency float -Goldman
Egypt is unlikely to obtain the amount of FX needed for an orderly deval, says the investment bank
Hedge funds think the USD has farther to fall
The greenback hit its lowest level in a year last week
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