Jaspal Bindra, Group Executive Director and CEO for Asia at Standard Chartered Bank, talks about plans for growth in Myanmar, a country where 70% of the population is living in rural areas.» Read More
*Oil holds around $106 a barrel; gold, copper little changed. LONDON, June 19- World shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday as investors nervously awaited a decision on the U.S.
*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S.
*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares edged higher and major currencies and commodities were little changed on Wednesday as investors awaited clarity on the U.S. There is a lot of slack in the economy and there is no inflation pressure, "said Ned Rumpeltin, head of G10 FX strategy at Standard Chartered Bank.
NEW YORK, June 18- Deloitte LLP's financial advisory unit will pay $10 million and refrain for one year from new business with certain New York banks to settle accusations over its review of money laundering controls at Standard Chartered Bank.
NEW YORK, June 18- A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered Bank.
NEW YORK, June 18- Deloitte Financial Advisory Services settled with New York's banking regulator over its consulting work for Standard Chartered Bank on money-laundering issues.
*HSBC and StanChart leads banks higher on Citi note. LONDON, June 18- Banks led gains in European shares on Tuesday with HSBC and Standard Chartered boosted by a positive Citigroup note, while speculation over monetary policy tweaks in the United States and China created an uncertain backdrop to trading.
The deal with Yashili, which sources all of its products from New Zealand, marks the latest step by China's milk industry to consolidate the market after several tainted milk scandals tarnished the fragmented sector. Mengniu is offering HK $3.50 in cash to Yashili's shareholders, which includes the Carlyle Group and Yashili's chairman.
Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.
*UBS, ING, RBS must set aside most in reserves. SINGAPORE, June 14- Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.
LONDON, June 14- Gold held steady near $1,385 an ounce on Friday and was on track to end the week little changed as dealers awaited clearer direction on the Federal Reserve's bullion-friendly monetary easing policy. Gold is little changed since last Friday, and has ended the last four weeks in a $10 range.
*UBS, ING, RBS must set aside most in reserves. SINGAPORE, June 14- Singapore's central bank has censured 20 banks on Friday after it found traders in the city state tried to manipulate benchmark borrowing and currency rates, and has ordered them to set aside additional reserves for a year.
LONDON, June 14- Gold edged lower on Friday, hurt by a recovery in stock markets and gains in the dollar, as dealers awaited clearer direction on the Federal Reserve's monetary policy. Spot gold was down 0.4 percent at $1,379.69 an ounce at 0956 GMT, while U.S. gold futures for August delivery were down $1.60 at $1,379.20.
*Standard Chartered's Meddings, Sainsbury's King possible candidates. LONDON, June 13- Royal Bank of Scotland will struggle to recruit a suitable replacement for ousted chief executive Stephen Hester, someone who must steer it through privatisation and accept that political interference comes with the job.
LONDON, June 13- Nathan Bostock, Royal Bank of Scotland's head of restructuring, is the early favourite to replace Stephen Hester as chief executive of the state-controlled bank, according to bookmakers. RBS said last month that Van Saun will take over its U.S. business Citizens to oversee its flotation in the next two years.
LONDON, June 13- Royal Bank of Scotland faces an uphill task in finding a new chief executive from a tiny pool of candidates to steer it through privatisation, following the ousting of Stephen Hester which sent its shares tumbling on Thursday.
HONG KONG, June 11- Hong Kong shares were set to start lower on Tuesday after Wall Street ended little changed, with turnover seen light ahead of the Dragon Boat Festival holiday on Wednesday.
*Steady U.S. and Japan growth lifts world shares. LONDON, June 10- The dollar bounced higher against the yen and Japanese stocks led a rise in world shares on Monday as signs of economic momentum in the United States and Japan outweighed worries about a slowdown in China.
BEIJING, June 10- Risks are rising that China's economic growth will fall further in the second quarter and that full-year forecasts will be cut further, after weekend data showed weakness in May exports and domestic activity struggling to pick up.
BEIJING, June 10- Risks are rising that China's economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up.