European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.» Read More
Uganda, Tanzania and Rwanda will all experience an acceleration in growth, punching above 6 percent in the medium term, according to the Reuters poll taken in the past week and published on Friday. "East Africa stands out as the growth hotspot," said Razia Khan, head of Africa research at Standard Chartered in London.
LONDON, Jan 30- Britain's financial regulator has blocked Santander UK's plan to give its incoming deputy chief executive responsibility for risk management as it believes the two roles could come into conflict, people familiar with the matter said.
*Late to the game, Baidu searches for killer apps. BEIJING, Jan 30- China's Baidu Inc knows where you are, where you're going and when you want dumplings, guiding you from web page to restaurant when you use its search engine.
DAVOS, Switzerland, Jan 23- Standard Chartered's chief executive said takeover talk that has resurfaced around his bank after recent problems is "rubbish" and the Asia- focused lender's prospects remain strong.
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.
Dhanin's CP ALL PCL, which operates 7- Eleven convenience stores, last year took a 1- year $5.8 billion loan to fund the $6.6 billion acquisition of cash-and-carry wholesaler Siam Makro- paying 53 times earnings in Asia's most expensive consumer sector deal by multiple.
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.
SEOUL/ HONG KONG, Jan 21- A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the traditional Korean rice liquor at a single sitting. Oriental Brewery has certainly performed well in the five years under KKR& Co and Korea specialist Affinity Equity Partners.
*Buys Palm Utilities from Istithmar World. DUBAI, Jan 19- Dubai district cooling firm Empower bought Palm Utilities from a unit of Dubai World for $500 million on Sunday, part of a shuffle of assets between companies ultimately owned by Dubai's government or the emirate's ruler.
*London, rivals compete as offshore Chinese currency centres. LONDON, Jan 17- After a patchy two years, London appears to be making headway in its drive to become Europe's main offshore hub for trading in China's currency, potentially delivering a big boost to its financial sector and the wider British economy.
LONDON, Jan 15- Deutsche Bank, Germany's biggest bank, has suspended several currency traders in New York in an internal probe that forms part of an international investigation into alleged manipulation of the global currency markets, a source familiar with the matter said on Wednesday. Deutsche Bank said it would not comment on individual staff members.
NEW YORK, Jan 14- In a case with wide implications for the global banking industry, New York's highest state court has been asked to decide if banks operating in the state can be forced to turn over to litigants assets held in their foreign branches.
*GCL-Poly tumbles after China wealth fund trims stake. HONG KONG, Jan 10- China shares sank to more than five-month lows early on Friday as trade data failed to inspire investors, while strength in Hong Kong property counters helped the Hang Seng Index eke out a slim weekly gain ahead of U.S. jobs data later in the day.
*GCL-Poly tumbles after China wealth fund trims stake. HONG KONG, Jan 10- China shares sank to more than five-month lows early on Friday as trade data failed to inspire investors, while strength in Hong Kong property counters helped the Hang Seng Index limit weekly losses ahead of U.S. jobs data later in the day.
*Investors need to look beyond Kenya, Nigeria. LONDON, Jan 9- A two-year rally in frontier African stocks, which has withstood the Nairobi shopping mall attack, violence in the Central African Republic and fighting in South Sudan, is showing signs of fatigue, pointing to muted gains this year.
*Consumer banking head Steve Bertamini will also leave. LONDON, Jan 9- Standard Chartered has named Mike Rees deputy to chief executive Peter Sands, making the wholesale banking chief the new heir-apparent at the Asia- focused lender after its highly-regarded finance director announced he was leaving.
*Consumer banking head Steve Bertamini will also leave. LONDON, Jan 9- Standard Chartered's finance director is leaving as part of a reorganisation, depriving the Asia- focused bank of one of its key executives as it navigates a new era of weaker growth and tougher regulation.
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.