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Standard Chartered PLC

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  • LONDON, May 6- Standard Chartered said it expected Britain to increase its bank levy again and the rising cost of the tax was a key issue in its assessment of whether to keep its headquarters in London or move to Asia. Standard Chartered Chairman John Peace told investors on Wednesday the Asia- focused bank had "no current plans to move" but was keeping its domicile...

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • NEW YORK/ LONDON, April 30- Gold fell 2 percent on Thursday after better-than-forecast U.S. jobs data encouraged investors to sell the traditional safe-haven market, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for state unemployment benefits declined 34,000 to a seasonally adjusted 262,000 for...

  • LONDON, April 30- Gold fell two percent on Thursday after better-than-forecast U.S. jobs data boosted the dollar, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for state unemployment benefits declined 34,000 to a seasonally adjusted 262,000 for the week ended April 25, the lowest reading since...

  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

  • However, the situation is changing as the landmark Shanghai- Hong Kong stock connect scheme saw robust southbound flows in the past few weeks, which greatly eased the offshore yuan market's tight liquidity. The stock connect has brought in a net 50 billion yuan into Hong Kong in the past month, according to Reuters calculations, thanks to increased demand for...

  • BRUSSELS, April 29- Confidence in the euro zone's economy slipped slightly in April but business morale improved and household expectations of rising prices suggested that the threat of deflation may have been overcome. The European Commission's economic sentiment indicator fell by 0.2 points to 103.7, worse than the 103.9 that economists had forecast in a...

  • While economic morale in Spain rose strongly in April, it slipped in Germany and was unchanged in Italy. In France, the euro zone's second-biggest economy, the mood continued to be downbeat and the European Commission's indicator fell 1.4 points. "Germany and France are quite divergent and France remains a concern, there's a lot of uncertainty in French politics,...

  • *Swedish crown rises 1 pct vs USD after Riksbank announcement. *Dollar index hits lowest level in 2 months. LONDON, April 29- The Swedish crown soared to a one-month peak against the dollar and hit its highest in nearly two weeks against the euro on Wednesday after Sweden's central bank surprised the market by leaving interest rates unchanged.

  • Euro flirts with $1.10, Aussie back near 80 U.S. cents. By Masayuki Kitano and Ian Chua. SINGAPORE/ SYDNEY, April 29- The dollar wallowed near a two-month low against a basket of major currencies on Wednesday as the market hedged the risk that the Federal Reserve.

  • WASHINGTON, April 29- U.S. economic growth likely braked sharply in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices cut spending, but there are signs activity is picking up. A strong dollar and a now-resolved labor dispute at normally busy West Coast ports also likely constrained growth.

  • LONDON, April 28- Aluminium surged to a 2-1/ 2 month high on Tuesday, pushed up by speculative buying, but some analysts doubted how long the rally could last given expectations of high Chinese exports. "We've seen some pretty strong CTA buying coming in to the market, but certainly the overall fundamental picture still remains relatively soft," said Nicholas...

  • Europe shares close lower; Fed eyed Tuesday, 28 Apr 2015 | 11:57 AM ET
    Federal Reserve building in Washington, D.C., U.S.

    European equities closed lower on Tuesday, as investors took a breather from a stellar rally in the previous session and looked ahead to a meeting of the U.S. Federal Reserve.

  • LONDON, April 28- Asia- focused bank Standard Chartered said the location of its headquarters was under constant review and a sharp increase in a tax on banks in Britain meant it was watching the situation closely. "At the moment it's something we're watching, we're looking at, we're thinking about, but at this point in time there's no change in our position," Andy...

  • STANCHART CFO SAYS BANK KEEPING DOMICILE OPTIONS UNDER REVIEW@. LONDON, April 28- Standard Chartered said it is keeping the option of moving its headquarters out of Britain under review following the recent rise in the UK's bank levy. "It's something we continue to keep under review, but there's no change in our overall position on domicile," Chief Financial...

  • *Q1 pretax profit $1.5 billion vs $1.9 billion. LONDON, April 28- Asia- focused bank Standard Chartered said on Tuesday profits in the first quarter of 2015 fell 22 percent from a year ago as losses from bad loans jumped 80 percent and trading conditions remained challenging. Standard Chartered said it was on schedule to get its common equity Tier 1 capital ratio to...

  • HSBC Chair: Hong Kong 'interesting' as new HQ Friday, 24 Apr 2015 | 1:02 PM ET
    Pedestrians pass a HSBC bank branch in London, U.K.

    HSBC Chairman Douglas Flint told CNBC that relocating the bank's headquarters back to Hong Kong "would be potentially interesting" on Friday.

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department on Friday came on the heels of lukewarm data on retail sales, employment and housing...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...