Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.» Read More
Peter Sands, CEO of Standard Chartered, tells CNBC that they are glad to have settled the US issues and the bank continues to grow with a focus on Asia, Africa and the Middle East.
Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.
Banks and financial institutions are leading the pack of borrowers that have rushed to the U.S. debt markets at the start of the year. The FT reports.
The economies of the United States, China and much of the developing world have decoupled from Europe, leaving it to wallow in various stages of recession and fiscal disarray.
Asian stock markets edged higher on Thursday on hopes of a steady economic revival in China although gains were marginal compared to the previous session's strong gains as investors took some money off the table and braced for more U.S. budget battles.
Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 percent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
Asian shares closed mostly higher on Thursday, even though Japan was unable to gain momentum from further stimulus and despite investor worries about the looming "fiscal cliff" deadline, which risks the health of the world's largest economy.
The Swiss government watered-down a plan to try to clean up the country's image as a haven for untaxed assets.
Swiss bank UBS faces a combined fine of about $1 billion, a person familiar with the situation said on Thursday.
Japan's Mitsubishi UFJ Financial Group said it will pay $8.6 million as a settlement for transactions that could be seen as violations of U.S. sanctions.
StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
Stocks posted a modest gain in thin, volatile trading Thursday ahead of the jobs report, while worries over the looming "fiscal cliff" continued to linger.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
Cormac Leech, bank equity researcher at Liberum Capital, tells CNBC that Standard Chartered bank is extremely well positioned to take advantage of some of the fastest growing regions in the global economy.
Standard Chartered expects to pay $330 million to settle a case with U.S. regulators, further denting profit growth this year.
Jim Antos, Bank Analyst, Mizuho says Standard Chartered is not a recovery story, adding that HSBC's stock will continue to outperform.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
SHANGHAI, Nov 6- The yuan closed two points weaker on Tuesday thanks to a last minute bout of dollar buying, but otherwise hugged the strong side of its trading band over the course of the day. The People's Bank of China set its midpoint at 6.3078 p er dollar on Tuesday morning, slightly firmer than Monday's fix, despite a strengthening trend in the dollar index.
*PBOC sets weaker midpoint for third day. SHANGHAI, Nov 5- The yuan closed down slightly on Monday but its weakness was largely imposed by the central bank, which fixed a softer midpoint even as customers continued to unload dollars.