Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday.

Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday.

Apax Partners-owned shoemaker Cole Haan Inc on Friday filed an application to withdraw its plans for an initial public offering, according to a regulatory filing.

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million in 2020, according to a regulatory filing released on Friday. Gorman will receive $33 million for his work last year, compared with $27 million in 2019, the bank said. Morgan Stanley directors based the decision on the firm's record financial performance in 2020 and Gorman's progress in implementing the bank's long-term strategy, it said.

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million in 2020, according to a regulatory filing released on Friday. Gorman will receive $33 million for his work last year, compared with $27 million in 2019, the bank said. (Reporting by Matt Scuffham; Editing by Leslie Adler)

Flywire Corp has hired investment banks to prepare for a U.S. initial public offering (IPO) later this year that could value the payments processor at around $3 billion, people familiar with the matter said on Friday.

Czech billionaire Petr Kellner's PPF group aims to launch a public offer for shares in MONETA Money Bank and sell its Air Bank unit to the lender in a share swap that renews an attempt at a deal that fizzled two years ago.

Turkish President Tayyip Erdogan reaffirmed his strong opposition to high interest rates on Friday, a day after the central bank said it would maintain a tight monetary policy for "an extended period".

* Euro zone business activity shrinks in Jan (Updates to market close)

American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.