Global

GLOBAL - Philip Purcell, chairman and chief executive officer of Morgan Stanley, is pleased with the firm's 2002 first quarter results, despite seeing net income drop 21% compared to the previous year.

GLOBAL - Deutsche Bank, the German financial services giant, is facing a bill of more than EUR3.5bn from its retirement plans as its benefit obligations rocket ahead of its pension assets.

GLOBAL - Deutsche Bank is upbeat on its prospects for 2002, claiming that it expects to see a US led economic recovery spreading throughout Europe and the rest of the world from the third quarter onwards, boosting its investment banking, corporate investments...

EUROPE - William M Mercer has expanded its global presence through an exclusive strategic alliance agreement with ConsulTeam, a Bulgarian human resources consultancy.

GLOBAL - Reech Capital has appointed Mark Weller to the newly created position of head of international hedge fund sales.

GLOBAL - Amy Butte is to join CSFB's Financial Services Division as chief strategist and chief financial officer.

GLOBAL - Swiss group Zurich Financial Services confirmed "disappointing" profits for 2001 following the release of detailed figures. The firm made an IAS (International Accounting Standard) loss of $387m. Normalised net income fell 83% from $2,067m to...

GLOBAL - A leading emerging markets fund guru has criticised the decision of the world's biggest pension fund pull out of four east Asian countries.

GLOBAL - The September 11 terrorist attacks on the US only had a brief and moderate effect on the finance world, Deutsche Asset Management claims.

GLOBAL - Investors are in need of a risk index as interest in international property investing grows, according to one real estate guru.