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Standard Chartered PLC

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  • *Overall outlook remains weak on OPEC reluctance to cut output. *Brent could drop below $60 a barrel, WTI to $50, says BofAML. SINGAPORE, Dec 23- Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday.

  • Overall outlook remains weak on OPEC reluctance to cut output. *Brent could drop below $60 a barrel, WTI to $50- BoAML. WTI crude futures rose over a dollar to a session high of $56.85 a barrel before dipping back to $56.11 at 0340 GMT.

  • HONG KONG, Dec 22- A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai- Hong Kong stock connect. "We are not participating...

  • HONG KONG, Dec 19- Hong Kong's de facto central bank said it found no evidence of rigging in Hong Kong's foreign exchange benchmark following an 18- month investigation into the trading operations of 10 banks. However, it identified "inappropriate" behavior by individual traders at Standard Chartered and Deutsche Bank. The HKMA began the investigation into...

  • But for base metals the defining "black swan" event of the year was the Qingdao port scandal, news of which first broke at the end of May. The scandal has generated a deluge of lawsuits, the first of which has been publicly playing out in London's High Court as U.S. bank Citigroup and trade house Mercuria lock horns over $270 million worth of affected deals.

  • *Japanese lenders also planning to offer new services in India. MUMBAI, Dec 17- Faced with a shrinking economy and tepid loan demand at home, Japan's largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi's reform agenda and improving ties between the two countries. Standard Chartered, the biggest foreign player in...

  • HONG KONG/ SINGAPORE, Dec 16- Standard Chartered is selling its Hong Kong and Shenzhen consumer finance businesses to a consortium that includes a Chinese state firm, helping the emerging markets-focused lender to clinch its biggest asset disposal as part of a restructuring. In what is expected to be the first of many divestitures, Standard Chartered has...

  • JAKARTA/ SINGAPORE, Dec 15- The Indonesian rupiah tumbled to its lowest level since August 1998 on Monday as declining risk appetites and increasing demand for dollars to settle year-end foreign loan payments put pressure on the country's currency, bonds and shares. Bank Indonesia said that it was acting in both the foreign exchange and bond markets to help...

  • China stock researchers in demand to comfort foreign cash Thursday, 11 Dec 2014 | 11:06 PM ET

    *HK-Shanghai link opens up China shares to foreign investors. HONG KONG, Dec 12- China stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors from taking advantage of new opportunities to trade Chinese shares. China stocks have been soaring in...

  • *Three top 30 investors say CEO Sands should go. *Problems mount from U.S. sanctions, governance, Korea, bad debts. LONDON, Dec 11- Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence in the chief executive among some investors.

  • Dec 10- A research note published by South African bank Investec with the headline "I can't breathe" caused an outcry on social media on Wednesday for its use of the dying words of Eric Garner, an unarmed black man killed in a police chokehold. The Investec note focused on a decision by U.S. authorities to put British bank Standard Chartered under greater regulatory...

  • Dec 10- A research note published by South African bank Investec with the headline "I can't breathe" caused an outcry on social media on Wednesday for its use of the dying words of Eric Garner, an unarmed black man killed in a police chokehold. The Investec note focused on a decision by U.S. authorities to put British bank Standard Chartered under greater regulatory...

  • LONDON, Dec 10- Standard Chartered has set up a board committee responsible for financial crime compliance, a day after U.S. authorities extended monitoring of the bank by three years. Standard Chartered said on Wednesday its new Board Financial Crime Risk Committee will be chaired by Simon Lowth, who has been a non-executive director at the bank since May 2010...

  • Dec 9- Standard Chartered will face another three years of scrutiny for compliance with U.S. standards related to sanctions against certain countries, according to documents filed on Tuesday that also noted another probe of the bank is underway. The original agreements, struck with the U.S. Justice Department and the Manhattan district attorney over the...

  • Asia's slow financial reforms put taxpayers at risk Monday, 8 Dec 2014 | 7:32 PM ET
    An investor watches the electronic board at a stock exchange hall in Huaibei, China.

    Asia's financial regulators are slow to implement measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs.

  • FACTBOX-Analysts' reactions on OPEC decision Monday, 8 Dec 2014 | 5:37 PM ET

    Dec 8- Oil analysts are taking stock of the recent OPEC meeting that decided against production cuts despite a huge oversupply in world markets. "We assume no material OPEC supply cuts and no unplanned supply disruptions take place during 2015.". "Regardless of what OPEC does, we believe the market will be looking for real supply response from non- OPEC producers.

  • *Copper eyes biggest weekly rise since late Aug. LONDON, Dec 5- Copper and other base metals fell on Friday, pressured by a buoyant dollar and concern about a possible early hike in U.S. interest rates following upbeat U.S. jobs data. Copper added about 1.5 percent for the week, the biggest weekly gain since late August.

  • *Copper eyes biggest weekly rise since late Aug. KUALA LUMPUR/ SYDNEY, Dec 5- London nickel prices rose to their highest in more than two months due to tight supplies of ore, while copper was on track to post its biggest weekly rise since August as prices rebounded from falls earlier in the week. "High-grade nickel ore prices in China have been moving up slowly over the...

  • Euro rallies from two-year low Thursday, 4 Dec 2014 | 5:07 PM ET

    The euro rebounded from a more than two-year low against the dollar on Thursday.

  • FOREX -Euro falls below $1.23 ahead of ECB, yen weak Thursday, 4 Dec 2014 | 4:02 AM ET

    LONDON, Dec 4- The euro fell to less than $1.23 for the first time in more than two years on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into a moribund euro zone economy. The yen was also teetering on the brink against the dollar, although dealers said there was at least $1 billion in...