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Standard Chartered PLC

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  • *Britain's FTSE lags after HSBC profit falls. Britain's FTSE 100 index was the only major index to close lower, albeit only slightly, after HSBC reported a 17 percent drop in annual profit. "We have cleared the first hurdle but Greece has to come up with a serious set of measures now," Peter Dixon, equity strategist at Commerzbank, said.

  • DUBAI, Feb 17- Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday. The sultanate's second-largest lender by assets said last month it was mulling options for raising up to $300 million of capital...

  • A pedestrian walks past an electronic stock board displaying a mid-day figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan.

    Asian markets traded broadly higher amid choppy trade Monday, with Japanese shares charging up to a 8-year high.

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • LAGOS, Feb 13- Nigeria's central bank banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. The naira has crashed through the psychologically important level of 200 to the dollar this week in a rout triggered by weak oil prices and escalating...

  • *Policymakers eye rate, RRR cuts, weaker yuan to support growth. *Aim to keep economic growth around 7 percent this year. BEIJING, Feb 13- Chinese authorities will cut interest rates, increase liquidity and tolerate some currency weakness to ensure the economy grows around 7 percent this year, as they try to head off deflation and keep employment strong enough to...

  • China allows companies more freedom in free trade zone Thursday, 12 Feb 2015 | 11:46 PM ET

    SHANGHAI, Feb 12- China has opened the door of its tightly-controlled capital account a fraction wider by allowing firms operating within its Shanghai free trade zone to borrow funds without having to go through complicated regulatory hurdles. Firms-- both non-financial and financial-- in the free trade zone in Shanghai will now be able to borrow up to twice...

  • LONDON, Feb 11- Copper rose on Wednesday as some investors bet that a floor was in place after heavy losses, while tin touched a fresh 2-1/ 2 year low on worries about weak demand. "Copper is trying to look for a bottom, but there are plenty of things that can go wrong, revolving around Ukraine and Greece in particular, and in the background the concern about the extent of...

  • Asian markets opened mixed early Wednesday, as a drop in oil prices and a mixed reaction to a slew of earnings in Sydney offset an inspiring lead from Wall Street.

  • Gold dips as firmer dollar offsets euro zone concerns Tuesday, 10 Feb 2015 | 10:24 AM ET

    Gold dipped as an uptick in the dollar offset the impact of concerns over Greece's future in the euro zone and fears over violence in Ukraine.

  • SINGAPORE, Feb 10- Gold clung to small overnight gains on Tuesday as worries over Greece's future in the euro zone and a decline in global equities supported the safe-haven metal. *Bullion got a boost on Monday as stock indexes worldwide slipped on fears over Greece and concerns over conflict in Ukraine. President Barack Obama signalled on Monday he will wait for...

  • *Pakistan, like South Korea, has seen many branch closings. HONG KONG, Feb 9- Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters. The costs cuts and the shift to wealthy clients in Asia,...

  • HONG KONG, Feb 9- Standard Chartered Plc will shift its retail bank's focus from mass market to affluent customers and urge more customers online as part of a broader turnaround strategy for the lender, a senior executive told Reuters. The bank will close "a lot of branches in Korea and Pakistan and a few in most markets," Fawcett said, adding that some branches will be...

  • Europe closes slightly higher after US payrolls Friday, 6 Feb 2015 | 11:36 AM ET

    European equities ticked higher on Friday after a strong U.S. jobs data, while Greece's talks with Germany were met with mixed success.

  • The euro's rise on Thursday was helped by reports that the European Central Bank had agreed to allow Greece's national central bank to grant its banks emergency funding of up to 60 billion euros. The euro has seen some sharp swings in recent sessions, having tumbled earlier in the week after the European Central Bank stunned investors by taking a hard-line...

  • WASHINGTON, Feb 6- U.S. job growth likely remained firm in January, with a rebound in wages, supporting views that consumers will have enough muscle to carry the economy through tough times. "That would be seen as encouraging given everything that is going on in the rest of the world and would reinforce the notion that consumer spending will remain a key pillar of...

  • HONG KONG, Feb 5- After years of struggle to expand, the offshore yuan loan market appears set to get a boost from a weak outlook for the Chinese currency this year. The outstanding yuan loans increased to 178 billion yuan by the end of last November, up 54 percent from the end of 2013, the latest statistics from the Hong Kong Monetary Authority showed.

  • China cuts bank reserves to 'keep economy stable' Wednesday, 4 Feb 2015 | 6:34 AM ET

    China's central bank delivered yet more stimulus measures to its economy on Wednesday.

  • Asian stock markets outside Shanghai joined the global rally on Wednesday, shrugging off a slip in crude oil prices in early trading.

  • SINGAPORE/ MANILA, Feb 3- Standard Chartered is looking to sell its retail business in the Philippines, part of a wider bid by embattled CEO Peter Sands to cut costs and shrink the bank's asset base, a person with direct knowledge of the matter said. A spokesman for Standard Chartered said the bank would "not comment on speculation". Standard Chartered's assets in the...