Commodities face contagion as global market meltdown deepens
For commodities linked to industrial cycles, such as copper, a hard-landing scenario would put fresh pressure on bulls.
Morgan Stanley, the sixth-largest U.S. bank by assets, is close to seal a $1 billion deal with the Qatar Investment Authority to sell its commodities business, CNBC reported Friday.
Quoting unidentified people familiar with the matter, the news outlet said Morgan Stanley had held talks with private-equity firms including Blackstone Group LP, as it considers options for the unit if the Volcker rule outlaws some activities.
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