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Financial Briefs: News Digest

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AcquisitionsAlibaba’s Jack MaIn Deal for ReorientFive investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd. amid growing interest in the city’s brokerages.According to a Hong Kong stock exchange filing on Thursday, Mr. ...

Citibank Hong Kong calls for media agency review

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Citibank has kick started a global review of its media agency relations, with Hong Kong to be part of the tender process.Citibank’s incumbent media agency in Hong Kong is MEC, a partnership that has spanned more than 10 years.A spokesperson from MEC confirmed to Marketing that the Hong Kong of...

Morgan Stanley appoints Asia M&A co-heads

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Morgan Stanley has promoted Richard Wong and James Tam to co-heads of M&A for Asia-Pacific, according to an internal bank memo.Sam Kim, who was previously the head of M&A for Asia-Pacific, has taken on the role as vice-chairman of investment banking for Asia-Pacific. A Morgan Stanley spokesp...

Janet Yellen is now taking a back seat to China

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Traders have been panicking over the sudden rise in global bond yields triggered by the expected tapering of the Federal Reserve’s stimulus programs. But an unlikely savior may emerge to limit the damage: China. That’s the view of researchers at Oxford Economics, who think the world&rsqu...