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Standard Chartered PLC

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  • LONDON, March 18- European shares fell for a second day on Wednesday, with BMW leading carmakers lower after toning down its profit expectations and Greek banks falling on concern about the country's debt situation. The Greek banking index fell 8.4 percent, dragged down by a 12 percent fall in National Bank of Greece and an 8.9 percent slide in Alpha Bank.

  • PRETORIA, March 17- South Africa's current account deficit narrowed in the final quarter of 2014, although the economy and the rand remain vulnerable to shocks caused by capital outflows, the central bank said. The South African Reserve Bank, in its quarterly bulletin released on Tuesday, said rising exports helped shrink the current account deficit to 5.1...

  • JAKARTA, March 17- Indonesia's central bank, which surprised markets last month by cutting its benchmark rate, acted as expected on Tuesday and kept it unchanged on the eve of a key Federal Reserve meeting. Bank Indonesia said the current rate of 7.50 percent is consistent with efforts to contain inflation and the current account deficit. Tuesday's meeting...

  • HOLLYWOOD, Fla., March 16- Some banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn and be forced to plead guilty, a U.S. Justice Department official said on Monday. The Justice Department has since entered into non-prosecution agreements and deferred-prosecution...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions and other violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • HONG KONG, March 12- China is opening a free trade zone in Guangdong next week, part of its wider financial reforms that include moving to a fully convertible yuan currency and capital account liberalisation. In December, China said it would open three more FTZs- in Guangdong, Fujian and Tianjin- and these would duplicate the Shanghai model. China kicked off its...

  • China Inc flocks to euro debt for funding Sunday, 8 Mar 2015 | 7:29 PM ET

    Chinese companies are ditching the renminbi for the euro to raise new offshore debt, as the launch of quantitative easing impacts global markets. The Financial Times reports.

  • *Greece funding uncertainty in focus. *Russia central bank seen holding rates at meeting. MADRID, March 8- China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.

  • Some foreign banks are tightening lending criteria for China's state-owned enterprises, even for borrowers previously seen as safe as government debt.

  • SHANGHAI/ HONG KONG, March 6- Some banks are adopting stricter lending criteria for China's state-owned enterprises, demanding collateral from some companies they used to deem as safe as government debt, as Beijing tries to reform its bloated firms and the economy slows. A banker at Taiwan's Chang Hwa Commercial Bank said that from the beginning of this year his...

  • *Euro dips under $1.09; ECB to start bond buying next week. The euro fell below $1.09 for the first time since September 2003. "We feel the economy is in a position for the Fed to begin normalizing policy," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • *Growth, investment in Africa remains lopsided, localised. Sub-Saharan Africa has achieved annual growth of more than 5 percent over the last decade, and foreign investment has more than quadrupled over the same period, feeding the popular catch phrase that Africa is' rising'. "'Africa Rising' served a purpose because it alerted people who weren't interested in...

  • Issuers who aren't from China or Hong Kong account for about 70 percent of offshore yuan bonds and certificate of deposits in the primary market so far this year, Thomson Reuters data shows. Other foreign entities tapping the fledgling dim sum market in the past two months are Australia's Westpac Banking Corp, France's Air Liquide Finance, Germany's KfW...

  • *ITV, Standard Chartered shares advance. LONDON, March 4- European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/ 2- year low against the dollar after U.S. services data. Generally a good economic number out of the U.S. is good for the...

  • Europe shares end higher as ECB meeting approaches Wednesday, 4 Mar 2015 | 11:44 AM ET

    European equities finished higher on Wednesday as investors geared up for the European Central Bank's policy meeting on Thursday.

  • European shares firm, but trim gains after PMI data Wednesday, 4 Mar 2015 | 9:46 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe,...

  • LONDON, March 4- Standard Chartered has no plans to tap shareholders for cash, it said on Wednesday, despite reporting a 25 percent drop in profits last year on the back of soaring bad loans. The Asia- focused bank said it would not take "knee-jerk actions" and vowed instead to cut costs and shrink its loan book in an effort to quell concerns about its capital strength,...

  • European shares surrender gains after PMI data, ITV up Wednesday, 4 Mar 2015 | 7:17 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares surrendered early gains on Wednesday after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe, which...

  • Indian shares led gains in Asia Wednesday after a surprise rate cut by the Reserve Bank of India, while the rest of the region traded mixed.