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Standard Chartered PLC

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  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department on Friday came on the heels of lukewarm data on retail sales, employment and housing...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. Shareholders have urged HSBC to consider moving back to its former Hong Kong home after a big jump in UK bank tax and other costs and regulations associated with being based in London.

  • LONDON, April 24- Standard Chartered said it was "listening very carefully" to shareholders on whether the Asia- focused bank should consider moving its headquarters out of Britain following the recent rise in UK bank tax. Rival HSBC said on Friday it has started a review of whether to move domicile out of Britain, and Reuters has previously reported investors...

  • LONDON, April 24- HSBC Holdings, Europe's biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry. "The board has therefore now asked management to commence work to look at where the best place is for HSBC to be headquartered in this new environment," said HSBC Chairman...

  • HONG KONG, April 23- China formally announced details of three more free trade zones this week, a move that suggests the originally Shanghai- driven initiative has now escalated to the national level, analysts say. The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules...

  • *Aberdeen worried about some speculative activity in China stocks. *BlackRock: China needs more reforms to avert boom-bust scenarios. SINGAPORE, April 21- Aberdeen Asset Management's head of Asian operations warned on Tuesday that Chinese money was moving "a bit like a casino" in domestic stock markets, while BlackRock called on China to reform its capital...

  • REUTERS BUSINESS SCHEDULE AT 2000 GMT / 4:00 p.m. ET Sunday, 19 Apr 2015 | 4:50 PM ET

    ATHENS- Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official tells Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid. BOJ's Kuroda says Japan inflation to' gradually accelerate' toward target. WAYZATA, Minn.- Bank of Japan Governor...

  • *UK tax rise will cost pair $2 bln/ yr and may rise again. LONDON, April 19- HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful. "There is a very clear risk that HSBC and StanChart reach a pain threshold where they think it is no longer worth...

  • LONDON, April 16- Gold rose for a second day on Thursday as soft U.S. housing and jobless reports weighed on the dollar, with a run of downbeat data adding to uncertainty over the timing of a rate rise from the Federal Reserve. Spot gold was up 0.3 percent to $1,205.21 an ounce by 1244 GMT, while U.S. gold for June delivery rose $3.90 to $1,205.20 an ounce.

  • China clings to strong yuan despite export slowdown Tuesday, 14 Apr 2015 | 5:16 AM ET

    *China exports unexpectedly tumbled 15 pct in March. According to Goldman Sachs, its yuan trade-weighted index has jumped 13 percent since June last year, and the currency's strength is a key reason for China's disappointing export sales. The reluctance to weaken the currency comes after China's capital and financial account recorded a deficit of $91.2...

  • *Japan investors sold net Y3.1 trln foreign bonds last week. SYDNEY/ SINGAPORE, April 9- The dollar touched a one-week high on Thursday, having enjoyed another leg up after two influential Federal Reserve officials kept alive expectations for a hike in interest rates sometime this year. Still, the chance of a hike at all this year is a stark contrast to Europe and...

  • SHANGHAI/ HONG KONG, April 9- China's yuan fell on Thursday in the offshore market in Hong Kong, with speculation about a near-term U.S. rate rise pushing up the dollar and offsetting a strong rally in Hong Kong stocks, which should increase demand for the yuan, traders said. Hong Kong stocks jumped as much as 6 percent on Thursday morning, posting solid gains for the...

  • *Manulife expects deal to be accretive to EPS in 2017. Manulife expects the agreement to be accretive to core earnings per share in 2017 and the initial payment is expected to reduce Manulife's regulatory capital ratio by 10 points. Aviva was among the players competing for the new partnership that also included AIA Group Ltd and Prudential plc.

  • LONDON, April 7- Nickel slid more than 3 percent on Tuesday as bearish investors renewed a selloff of the metal which has been weighed down by oversupply and record inventories. While nickel prices may succumb to another onslaught in the short term, a prolonged downtrend is not sustainable due to the dynamics in the Chinese market, said analyst Nicholas Snowdon...

  • LONDON, April 1- Asia- focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes. Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard...

  • April 1- Companies struggled in China and much of the rest of Asia in March amid persistently weak domestic and global demand, suggesting that policymakers may have to resort to more stimulus to spur growth. The official Purchasing Managers' Index ticked up to 50.1 in March from 49.9 in February, but a separate private survey from HSBC which focuses on small and...

  • *Uncertainty over May election to impact FTSE in near-term. *Two thirds of forecasters see FTSE at record high by end-2015. LONDON, March 31- Britain's top FTSE 100 equity index is expected to stutter in the run-up to May's national election but then recover to touch new record highs, a Reuters poll forecast.

  • NEW YORK, March 31- A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore. Now, there are growing signs that the U.S. oil market can avoid the doomsday scenario in which it runs out of room to stockpile surplus crude, a development that oil traders worried...