European equities finished higher on Wednesday as investors geared up for the European Central Bank's policy meeting on Thursday.» Read More
Standard Chartered said its first-quarter profit fell by a high single-digit percentage compared with last year thanks to tough market conditions.
Positive signs from the US economy have failed to boost the greenback, while tensions in Ukraine are driving traders to the yen.
Positive sentiment has spurred a winning streak for the pound, but some analysts are not convinced its strength is here to stay.
China's WH Group has cancelled its planned Hong Kong IPO as a downturn in equity markets weighed further on demand.
The US dollar was weakened by falling equity prices, Treasury yields, and a slower-than-expected expansion in the US manufacturing sector.
A long dry season in the East has left Asia's premier tea-growing regions parched and could lead to a rise in tea prices, analysts said.
The dollar fell to a 10-day low against the yen after the Bank of Japan refrained from additional monetary easing.
The yen eased on Tuesday as a hike in Japan's sales tax came into effect, although the dollar failed to gain much traction after the Federal Reserve chair defended the central bank's ultra-loose policy and highlighted slack in the economy.
Prudential has struck a deal with financial services group Standard Chartered to expand the an existing partnership between the two groups.
European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.
Standard Chartered reported disappointing profits of $6.95 billion for 2013 Wednesday, ending a decade of annual profit growth.
More than a dozen banks are being probed by the NY Department of Financial Services regarding possible manipulation in the foreign exchange markets.
Viswanathan Shankar, CEO for EMEA and Americas at Standard Chartered maintains that the real economy in emerging markets is "robust" and that they have "terrific prospects" over the long-term.
Peter Sands, CEO of Standard Chartered, says concerns over the so-called "fragile five" emerging markets are "overblown".
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
Talk of a slowdown in emerging markets is "overblown," Peter Sands told CNBC on Wednesday and he dismissed speculation the bank was a takeover target.
Standard Chartered surprised markets by announcing that its finance director, Richard Meddings, would step down at the end of June. Allister Heath from City AM and Andy Brough from Schroders discuss the news.
The departing finance director of Standard Chartered will be paid for six months after leaving, despite resigning of his own accord.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.