Morgan Stanley cements stock exchange lead

Morgan Stanley has cemented its lead as the top underwriter of stock exchange flotations after winning a bookrunning role on the initial public offering of the Tokyo Stock Exchange, which could be valued at up to $3.8bn (€2.8bn).

Nomura and Daiwa are also mandated on the float from Tokyo, the world's second biggest bourse after the New York Stock Exchange.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached