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Standard Chartered PLC

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  • Asian equity markets declined on Friday following hawkish comments from a Federal Reserve official.

  • *Lawsuit suggests scandal at Qingdao port hitting other sectors.

  • Risks rising for China's commodity traders Thursday, 26 Jun 2014 | 7:27 PM ET
    A dock worker inspects large diggers used to transport iron ore at one of the terminals of the Qingdao Port in Qingdao, China.

    A fraud at China's third-largest port has forced banks and trading houses to consider new controls in China's massive commodity financing business.

  • Singapore carves out gold hub that may rival London Thursday, 26 Jun 2014 | 6:49 PM ET

    Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.

  • European markets closed slightly lower on Thursday, after trading narrowly in and out of positive territory throughout the day.

  • European shares fall, traders cite U.S. Fed official Thursday, 26 Jun 2014 | 11:27 AM ET

    *Barclays sags on U.S. fraud lawsuit linked to stock trading. The market was also pegged back by weakness in banking shares, led by a steep drop in Barclays after the New York Attorney General filed a lawsuit against it. "I think it is mainly Bullard," said Andy Ash, director at Monument Securities.

  • SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

  • LONDON, June 26- Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business.

  • LONDON, June 26- Standard Chartered on Thursday warned of lower profits this year after a 20 percent slump in first-half earnings, as tougher regulations and low market volatility hit its trading business.

  • StanChart warns first-half profits to slump 20% Thursday, 26 Jun 2014 | 5:22 AM ET

    Standard Chartered said its profits would fall by about 20 percent in the first half of this year from a year ago.

  • *Growing supply may help China gain upper hand in pricing. SHANGHAI, June 26- Brazil's Vale, the world's biggest iron ore miner, is starting to offer discounts on shipments of the steelmaking raw material to top consumer China, joining Australian rivals in cutting prices following a global surge in production.

  • SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

  • *UK becomes first Western country to sell Islamic bond. LONDON, June 25- Britain became the first Western country to sell an Islamic bond on Wednesday, attracting 2.3 billion pounds in orders, more than 10 times the amount it was looking to sell.

  • HARARE, June 25- A series of Zimbabwean-owned banks are struggling to stay above water as loan defaults grow, forcing lenders to turn to foreign investors if they can and undermining President Robert Mugabe's black economic empowerment drive.

  • UPDATE 1-Britain's first Islamic bond draws bumper demand Wednesday, 25 Jun 2014 | 7:40 AM ET

    LONDON, June 25- Britain became the first Western country to sell an Islamic bond on Wednesday, drawing orders of more than 2 billion pounds- over 10 times the planned issue amount. The five-year sukuk issue, intended to raise 200 million pounds, is being launched by the government as part of an effort to boost London's position as a centre for Islamic finance.

  • *Shanghai Gold Exchange chief says wants to have China gold fix. SINGAPORE, June 25- China and Singapore are vying to provide feasible gold price benchmarks in Asia, as calls grow in the top consuming region for more localized pricing of the precious metal at a time when the global benchmark is under regulatory scrutiny.

  • SGX to launch physically-backed gold contract Wednesday, 25 Jun 2014 | 1:13 AM ET
    Signage for the SGX Centre, which houses the Singapore Exchange Ltd headquarters.

    The Singapore Exchange said it will launch a physically deliverable gold contract to meet demand in Asia, the top consumer of the precious metal.

  • This market’s in a sweet spot thanks to Apple Tuesday, 24 Jun 2014 | 7:05 PM ET
    An attendee holds an Adata Technology power bank charger during the Computex Taipei 2014 expo.

    In a sluggish year for Asian exporters, Taiwan's economy and stock market are in a "sweet spot" thanks to Taiwan's position in the tech supply chain.

  • Tough times for luxury retail in China Thursday, 19 Jun 2014 | 10:32 PM ET

    Luxury retailers in China are suffering amid an anti-corruption drive and uncertain economic outlook and they're unlikely to recover anytime soon.

  • SHANGHAI/ SYDNEY, June 18- China's CITIC Resources Holding Ltd said on Wednesday a court has been unable to secure more than 100,000 tonnes of alumina stored at Qingdao port, deepening fears that firms exposed to a metals financing scam at the port could face big losses.