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Standard Chartered PLC

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  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "India is about to take off," Jaitley, 62, said early in his speech to lawmakers. "The world is predicting that this is India's...

  • In a major boardroom reshuffle that signalled the end of an era at the Asia- focused bank, Standard Chartered said Thursday that Winters would take over in June, initially prompting a giddy reaction among investors, analysts and some staff. "There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency...

  • LONDON— Standard Chartered says its chief executive and chairman will stand down amid pressure from shareholders impatient with the board's leadership. CEO Peter Sands will leave in June and be replaced by former J.P. Standard Chartered shares rose 5.4 percent Thursday on investor optimism about the change in management.

  • *Major management, board shake-up at troubled Asia- focused bank. LONDON/ HONG KONG, Feb 26- Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June, replacing Peter Sands in a major management overhaul following two years of problems. Investors had been pushing for a change at the helm of the Asia- focused...

  • *Raft of corporate earnings lift Europe higher. LONDON, Feb 26- Global equities set a new record high and bond yields sank to fresh lows on Thursday as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. A new record low of -0.003 percent for German seven-year sovereign bonds came after Germany...

  • *Raft of corporate earnings keep Europe flat. LONDON, Feb 26- German seven-year bond yields fell below zero for the first time ever on Thursday, as investors positioned themselves for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. Bets that a U.S. rate hike might come later than expected, triggered by comments by Fed...

  • LONDON, Feb 26- Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia- focused bank Standard Chartered said on Thursday Chairman John Peace will also leave next year, and named other changes to...

  • NEW YORK, Feb 25- New York may conduct random audits of bank systems designed to combat money laundering because of likely weaknesses in the systems, the state's chief financial services regulator said on Wednesday. Benjamin Lawsky, superintendent of the state's Department of Financial Services, also said that senior bank executives may be required to...

  • CAPE TOWN, Feb 25- South Africa will increase income tax rates for the first time in 20 years, Finance Minister Nhlanhla Nene said in a gloomy budget speech on Wednesday, as he cut growth forecasts for an economy beset by chronic power shortages. Nene also widened budget deficit estimates for Africa's most developed economy and said the government would have to...

  • LONDON, Feb 25- More than 60 central banks hold China's yuan in their currency reserves and the amount held there and in sovereign wealth funds should grow by $500 billion over the next five years, China- focused bankers said on Wednesday. Speaking at an Association for Financial Markets in Europe conference in London, Massimiliano Castelli, UBS Asset...

  • *Britain's FTSE lags after HSBC profit falls. Britain's FTSE 100 index was the only major index to close lower, albeit only slightly, after HSBC reported a 17 percent drop in annual profit. "We have cleared the first hurdle but Greece has to come up with a serious set of measures now," Peter Dixon, equity strategist at Commerzbank, said.

  • DUBAI, Feb 17- Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday. The sultanate's second-largest lender by assets said last month it was mulling options for raising up to $300 million of capital...

  • A pedestrian walks past an electronic stock board displaying a mid-day figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan.

    Asian markets traded broadly higher amid choppy trade Monday, with Japanese shares charging up to a 8-year high.

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • LAGOS, Feb 13- Nigeria's central bank banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. The naira has crashed through the psychologically important level of 200 to the dollar this week in a rout triggered by weak oil prices and escalating...

  • *Policymakers eye rate, RRR cuts, weaker yuan to support growth. *Aim to keep economic growth around 7 percent this year. BEIJING, Feb 13- Chinese authorities will cut interest rates, increase liquidity and tolerate some currency weakness to ensure the economy grows around 7 percent this year, as they try to head off deflation and keep employment strong enough to...

  • China allows companies more freedom in free trade zone Thursday, 12 Feb 2015 | 11:46 PM ET

    SHANGHAI, Feb 12- China has opened the door of its tightly-controlled capital account a fraction wider by allowing firms operating within its Shanghai free trade zone to borrow funds without having to go through complicated regulatory hurdles. Firms-- both non-financial and financial-- in the free trade zone in Shanghai will now be able to borrow up to twice...

  • LONDON, Feb 11- Copper rose on Wednesday as some investors bet that a floor was in place after heavy losses, while tin touched a fresh 2-1/ 2 year low on worries about weak demand. "Copper is trying to look for a bottom, but there are plenty of things that can go wrong, revolving around Ukraine and Greece in particular, and in the background the concern about the extent of...

  • Asian markets opened mixed early Wednesday, as a drop in oil prices and a mixed reaction to a slew of earnings in Sydney offset an inspiring lead from Wall Street.

  • Gold dips as firmer dollar offsets euro zone concerns Tuesday, 10 Feb 2015 | 10:24 AM ET

    Gold dipped as an uptick in the dollar offset the impact of concerns over Greece's future in the euro zone and fears over violence in Ukraine.