A little-noticed explosion last month could disrupt the supply chain for global automakers for months, according to Morgan Stanley economist Ted Wieseman.
The March 31 explosion at the Evonik factory in western Germany, which tragically killed two, affected half of worldwide supplies for a resin essential to autoparts manufacturers. Wieseman says near-term auto sales are likely to get hit by the event, which he said has knocked the factory off line "potentially for months.
The first six months of the year have been hard on most investment banks. But the deal makers at Morgan Stanley seem to be having an especially rough time, judging from the firm’s big drop in the mergers-and-acquisitions league tabl... Read Post
Morgan Stanley said on Thursday it is poaching brokers from Merrill Lynch and other rivals, accelerating the expansion of its global wealth management business during a period of turbulence on Wall Street. Morgan Stanley spokesman J... Read Post