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Standard Chartered PLC

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  • *Reporting season kicks off on July 8 with Alcoa. "What will be very important over the next few weeks is whether we start to see some supply responses emerging during the corporate results period," said Nicholas Snowdon, metals analyst at Standard Chartered in London. "Over the past six months Vale, BHP and Rio have independently suggested either cuts to existing...

  • SAO PAULO, July 3- Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions.

  • *Rising output largely due to CNOOC and smaller producers. BEIJING, July 3- China's crude oil output looks set to rise this year from a record in 2014 as new production from third largest producer CNOOC helps to counter reductions from its two bigger rivals. While there is no official Chinese production outlook, information from the biggest state oil companies...

  • Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions. The banks named in the Cade probe are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase& Co, Morgan Stanley& Co, Nomura Holdings Inc,...

  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • SINGAPORE, July 2- Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 percent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut. But they have almost halved this week to $5.60 with supply of refined products from traditional importers in the Middle East...

  • SINGAPORE/ LONDON, July 1- A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer. While no immediate threat to the gold pricing dominance of London and New York, the benchmark could...

  • SHANGHAI, June 29- A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy. "The government appears eager to maintain a bull market to expand the capital market and reduce reliance on bank lending,"...

  • SHANGHAI, June 28- China's monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based on fundamentals and has not done much economic good. "The government appears eager to maintain a bull market to expand the capital market and reduce reliance...

  • SHANGHAI, June 28- A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy. "The government appears eager to maintain a bull market to expand the capital market and reduce reliance on bank lending,"...

  • *China central bank may approve fix anytime now- sources. SHANGHAI, June 25- China plans to launch a yuan-denominated gold fix by the end of the year via the Shanghai Gold Exchange, in a move aimed at giving the world's biggest producer and leading consumer of bullion more influence over pricing. Given its leading role in gold, China feels it is entitled to be a...

  • *Focus on China manufacturing PMI due Tuesday. LONDON, June 22- Copper prices steadied on Monday as cautious markets waited to see the outcome of talks between Greece and its creditors and ahead of key manufacturing data from top consumer China. Headwinds also include a seasonal demand slowdown in China in the third quarter.

  • HONG KONG, June 22- The increasing use of the yuan internationally could lead to a healthier global economy, but if Beijing fails to handle the project successfully it could spark currency wars and create systemic risk in financial markets, the Atlantic Council warned on Monday. The U.S. based global affairs think tank said China needs to be more transparent in...

  • *Prospect of rate rise is positive, some say. *Some justification for valuation discounts- Barclays. LONDON, June 19- When fears of a Greek default are mounting, stock markets are jittery at multi-year highs, and the world's biggest economy is preparing to hike interest rates, the idea of taking refuge in bank stocks might appear to be a hard sell.

  • LONDON, June 19- Aluminum dropped to its lowest in over 16 months on Friday while copper fell to its weakest since March on a firmer dollar, worries about demand in top metals consumer China and uncertainty over Greek debt talks. An expected seasonal revival in demand has failed to occur in China, which accounts for more than 40 percent of global copper consumption.

  • LONDON, June 19- Aluminium prices dropped to their lowest in over 16 months on Friday while copper fell to the weakest since March on a firmer dollar, worries about demand in top metals consumer China and uncertainty over Greek debt talks. An expected seasonal revival in demand has failed to occur in China, which accounts for more than 40 percent of global copper...

  • *Consumer prices increase 0.4 percent in May. *Core CPI rises 0.1 percent. WASHINGTON, June 18- U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.

  • *Consumer prices increase 0.4 percent in May. *Core CPI rises 0.1 percent. WASHINGTON, June 18- U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the impact of lower oil prices on inflation probably was fading.

  • LONDON, June 17- Copper dipped to a three-month low on Wednesday as nervous investors waited for signals on U.S. interest rates and developments in Greek debt talks. "The market will be marking time, I suppose, right up until the official statement from the Fed," said Robin Bhar, head of metals research at Societe Generale in London. Copper slid 1.3 percent in the...

  • LONDON, June 17- Copper rebounded from a three-month low on Wednesday, bolstered by a slightly weaker dollar although many investors held fire, waiting for signals on U.S. interest rates and developments in Greek debt talks. "The market will be marking time I suppose, right up until the official statement from the Fed," said Robin Bhar, head of metals research at...