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European shares slip as Richemont, China data drag

European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world's second-biggest economy. ....

Bruxelles Capitale , Sharon Singleton , Salvatore Ferragamo , Amruta Khandekar , Janane Venkatraman , Anthi Tsouvali , Sherry Jacob Phillips , Shreyashi Sanyal , Thomson Reuters Trust Principles , Federal Reserve , Swiss Market , State Street Global , Shristi Achar , Thomson Reuters Trust ,

Exclusive: China's CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial sector, people with knowledge of the matter said. ....

Hong Kong , Xie Yu , Selena Li , Thomson Reuters Trust Principles , Goldman Sachs , Morgan Stanley , Thomson Reuters Trust ,

Morgan Stanley profit drops 14% as deal drought persists

Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. ....

New York , United States , Mehnaz Yasmin , James Gorman , Arun Koyyur , Lananh Nguyen , Niket Nishant , Tatiana Bautzer , Thomson Reuters Trust Principles , Morgan Stanley , Thomson Reuters Trust ,