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Standard Chartered PLC

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  • *Nigeria still has relatively low sovereign debt. Nov 5- A sharp drop in global oil prices has raised the twin specters of a potential currency devaluation and budget shortfalls in Nigeria just as Africa's biggest economy gears up for a closely fought and costly presidential election in February. Nigeria, the continent's top producer, relies on oil for only 14...

  • LONDON, Nov 4- The over-zealous application of anti-money laundering rules is hampering British banks abroad and cutting off poorer countries from global financial markets, a top Bank of England regulator said on Tuesday. British banks including HSBC, Standard Chartered and RBS have been fined hundreds of millions of dollars by U.S. regulators in recent...

  • In a series of private meetings from Madrid to Cancun, ministers from Saudi Arabia, Venezuela and Mexico set aside months of acrimony to hammer out production cuts. If anything, Naimi may simply seek to explain Saudi Arabia's latest stance on the market, a tough message about how all big producers must be prepared to endure a period of lower prices in order to slow...

  • *HSBC makes $378 mln provision for UK FX riggin probe. LONDON, Nov 3- HSBC's profits fell short of expectations in the third quarter after the bank set aside $1.8 billion for misconduct settlements and compensation for customers, including a potential fine for rigging currency markets. The provision and a jump in HSBC's everyday compliance costs show the impact...

  • Ecobank, Standard Chartered, Standard Bank, Investec and the World Bank's International Finance Corporation participated in the loan, IHS chief executive Issam Darwish told Reuters. "This is the largest equity raising by a private entity for the past 7-8 years in Africa-- you've had mining, banks and now telecom infrastructure as a standalone sector is...

  • *Hong Kong shares fall on profit-taking, but see resistance. SHANGHAI, Nov 3- China shares hit a multi-month high on Monday, supported by sustained strength in blue-chip brokerages and steel firms, while Hong Kong markets fell as profit-taking emerged after the recent solid gains. Guangzhou Shipyard International Ltd soared its 10 percent daily limit in the...

  • NEW YORK, Oct 31- U.S. authorities are investigating London- based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.

  • *Barclays shares jump 8 pct; RBS, HSBC, Lloyds also up. LONDON, Oct 31- The Bank of England told British banks on Friday they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- the bank that analysts said was most at risk from tough new rules-- jumped 8 percent on the news,...

  • LONDON, Oct 31- The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- one of the banks which analysts had feared might be hit hardest by the new rules-- rose a hefty 7 percent on the news, and shares in Lloyds...

  • NAIROBI, Oct 31- Kenya, like other nations on a continent that boasts some of the fastest growth rates in the world, is racing to upgrade neglected infrastructure, improve regulations and revise often outdated economic figures to spur investment. But Kenya's challenges, many of which are mirrored across Africa, are formidable if it wants to build on recent gains.

  • European shares close higher; Alcatel-Lucent up 16% Thursday, 30 Oct 2014 | 12:42 PM ET

    European stocks ended the day higher on Thursday, as traders digested Wednesday's policy moves from the U.S. Federal Reserve.

  • Prosecutors suspect repeat offenders on Wall Street Thursday, 30 Oct 2014 | 8:01 AM ET

    Prosecutors are exploring whether to strengthen deferred or nonprosecution agreements, or scrap them altogether and force the banks to plead guilty to a crime. The NYT reports.

  • *Analysts slash Brent 2015 price forecasts by $9.60. *Brent seen averaging $93.70, WTI $88.00 in 2015. Reuters monthly poll of 31 economists and analysts said Brent was likely to stay below $100 a barrel for the next two years, averaging $93.70 in 2015 and $96.00 in 2016..

  • *China official PMI seen at 51.2 vs 51.1 in Sept Data due on Nov 1 at 0100 GMT. BEIJING, Oct 30- Growth in China's manufacturing sector likely picked up slightly in October as demand improved, a Reuters poll showed, offering some tentative signs that the world's second-biggest economy may be stabilizing but at levels which are subdued. "Overall, we see that China's...

  • Yellen reins in Fed hawks with a few choice words Wednesday, 29 Oct 2014 | 4:59 PM ET

    SAN FRANCISCO/ NEW YORK, Oct 29- Federal Reserve Chair Janet Yellen persuaded two hawkish colleagues to join her pledge on Wednesday to keep interest rates low for a long while, winning them over by sounding an optimistic tone on the U.S. job market and inflation. Charles Plosser and Richard Fisher, chiefs of the regional Philadelphia and Dallas Fed banks,...

  • HONG KONG/ SINGAPORE, Oct 29- Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of reforms by Beijing are leading reserve managers to view the renminbi as a viable reserve currency. Acceptance of the Chinese currency among central banks and sovereign wealth funds which manage billions of...

  • Asia stocks join US rally; Fed statement in focus Wednesday, 29 Oct 2014 | 3:00 AM ET

    Asian equity markets followed their U.S. peers higher on Wednesday ahead of the Federal Reserve's policy statement.

  • Europe closes firmly higher; Sanofi plummets Tuesday, 28 Oct 2014 | 1:09 PM ET

    European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.

  • LONDON, Oct 28- When Hong Kong-listed miner MMG Ltd released its third-quarter results on Oct. 16, it confirmed that its giant Century zinc and lead mine in Australia would close in the third quarter of next year. The shuttering of Century, which began operations in 1999, has been long expected. Indeed, it has become totemic of the bull story in zinc, predicated as it is...

  • Robust earnings spur European stocks higher Tuesday, 28 Oct 2014 | 8:27 AM ET

    *Sanofi share drop means over $10 bln market value wipeout. EDINBURGH, Oct 28- European shares rose in early trade on Tuesday, reversing the previous session's dip as better-than-expected results from a number of blue-chips including pharma group Novartis and bank UBS helped lift sentiment. While French pharma Sanofi and UK- listed Standard Chartered Bank...