Morgan Stanley (NYSE:MS), the global financial services giant, was in talks with Qatar Investment Authority (QIA), a Qatari sovereign wealth fund, over the sale of MS commodities division, CNBC reported on Friday. The talks are in the advanced stage and it is widely believed that a deal might be imminent soon.
If an agreement is reached between the two parties, this could mean a substantial foundation for the Qatari fund in the commodity trading business. MS has long been a market leader in the energy and metals trading and an acquisition...


