Morgan Stanley’s Musk whisperer returns
Michael Grimes is back after a stint in the Trump administration
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Carlyle’s flagship buyout funds gain after flurry of portfolio IPOs
Group has redoubled efforts to exit deals and return cash to investors to prove it still has strong dealmaking operations
Investors sour on listed credit funds over AI hit to software sector
Business Development Companies’ bonds and equity have fallen sharply this year
Chinese luxury group Icicle plots IPO as non-western labels shine
Shanghai-based brand known for its minimalist look also has stores in France and Ireland
FTSE Russell postpones review of Indonesian stocks
Index provider’s decision adds to warnings on investability in south-east Asia’s largest economy
Cuba runs out of jet fuel as Trump squeezes oil supplies
Air Canada is first major airline to suspend flights to the island over inability to refuel planes