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Standard Chartered PLC

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  • *StanChart targets $400 million in further cost cuts. HONG KONG, Oct 28- Standard Chartered Plc said operating profit for the third quarter dropped 16 percent and earnings would fall in the second half as a whole, hurt by a jump in bad loans and higher regulation and compliance costs. The Asia- focused bank also said on Tuesday it would target a further $400 million in...

  • *StanChart targets $400 million in further cost cuts. HONG KONG, Oct 28- Standard Chartered Plc said operating profit for the third quarter fell 16 percent, hurt by rising costs from the restructuring of its South Korean business and a doubling of impaired loans. The Asia- focused bank also said it will target a further $400 million in cost reductions for 2015, as it...

  • HONG KONG, Oct 28- Standard Chartered Plc said operating profit for the third quarter fell 16 percent, as the Asia- focused bank grappled with rising costs from the restructuring of its South Korean business and an increase in impaired loans. Operating profit for the July-September quarter fell to $1.5 billion from $1.8 billion in the same period a year ago.

  • Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. Oct 27- Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, adding pressure on Monday to crude futures that have already tanked near 25 percent over the past five months. Goldman analysts said in a report released late on Sunday that they...

  • *Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. Oct 27- Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, following a near 25 percent fall in crude prices over the past five months. Goldman analysts said in a report released late on Sunday that they expect U.S. benchmark West Texas...

  • LONDON, Oct 27- Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • *Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. *Sees Q1 2014 Brent at $85/ bbl vs $100/ bbl previously. Goldman analysts said in a report released late on Sunday that it expects U.S. benchmark West Texas Intermediate crude to fall to $75 a barrel and Brent to $85 a barrel in the first quarter of 2015, both down $15 a barrel from its previous forecast.

  • TOKYO, Oct 27- Brent crude futures fell below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contract and for U.S. oil in the first quarter of next year by $15. The U.S. investment bank said in a research note on Sunday that it had cut its forecast for West Texas Intermediate to $75 a barrel from $90 and that for Brent to $85 from $100, with rising...

  • *Shanghai zinc climbs on physical shortfall in China. LONDON, Oct 24- Copper traded flat on Friday, pressured by a fifth straight month of decline in Chinese house prices, with a rise in the euro against the dollar capping falls in the metal. "Anything on a short-term basis that indicates softness in the Chinese property sector is going to be a concern, but I wouldn't...

  • *Equities fall on confirmed case of Ebola in New York. *Commerzbank cuts price forecast on bearish OPEC signals. LONDON, Oct 24- Brent crude fell below $86 a barrel on Friday on news of strong supply from Middle Eastern OPEC producers and as a confirmed case of Ebola in New York spooked global equities markets.

  • *Shanghai zinc climbs on physical shortfall in China. LONDON, Oct 24- Copper, aluminum and other base metals lost ground on Friday after Chinese house prices fell for a fifth straight month, highlighting concerns about economic growth in the world's biggest metals consumer. "Anything that on a short-term basis that indicates softness in the Chinese property...

  • Oil dips after second consecutive U.S. stock build Wednesday, 22 Oct 2014 | 2:38 PM ET

    Oil prices slipped on Wednesday after data showed a second consecutive weekly jump in U.S. crude oil stockpiles.

  • *Libyan official calls for OPEC output cut. "The large crude oil build is the dominant feature of the report, making it bearish overall," said John Kilduff, partner at Again Capital LLC in New York. Brent has tumbled from $115 in June on abundant supply and concerns that slowing economic growth in Europe and China would hit oil demand.

  • UPDATE 3-Oil holds above $86, extending fragile recovery Wednesday, 22 Oct 2014 | 4:57 AM ET

    LONDON, Oct 22- Oil edged further above $86 a barrel on Wednesday after an industry report showed a smaller-than-expected rise in U.S. crude inventories, extending a tentative recovery from a four-year low. Global benchmark Brent slid from $115 a barrel in June to below $83 last Thursday on abundant global supplies and concern that slowing economic growth in...

  • UPDATE 1-Brent holds above $86 as buyers slowly return Wednesday, 22 Oct 2014 | 1:42 AM ET

    *No immediate oil glut- Standard Chartered Bank. SINGAPORE, Oct 22- Brent crude futures steadied above $86 a barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. Brent crude for December delivery was up 17 cents at $86.39 at 0525 GMT, pulling further away from last...

  • Brent holds above $86 as buyers slowly return Tuesday, 21 Oct 2014 | 11:51 PM ET

    *No immediate oil glut- Standard Chartered Bank. SINGAPORE, Oct 22- Brent crude futures steadied above $86 a barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. Brent crude for December delivery was up 3 cents at $86.25 at 0329 GMT, pulling further away from last...

  • NYMEX-U.S. crude extends gains after recent slide Tuesday, 21 Oct 2014 | 8:23 PM ET

    *U.S. crude for December delivery was up 11 cents at $82.60 a barrel by 0015 GMT. *U.S. crude inventories rose by 1.2 million barrels in the week to Oct. 17 to 371.9 million barrels, compared with analyst expectations for an increase of 2.7 million barrels, data from industry group the American Petroleum Institute showed. *Standard Chartered Bank oil analyst Paul...

  • It's crunch time for Indonesia's new president Monday, 20 Oct 2014 | 1:06 AM ET
    Indonesia President Susilo Bambang Yudhoyono (L) and president-elect Joko Widodo (C) wave to photographers before the inaugural ceremony at the House of Representative in Jakarta on October 20, 2014.

    Indonesia inaugurated its new president on Monday, and analysts say Widodo will have to act fast to turnaround conditions in the struggling economy.

  • METALS-Copper dips on weak economic data, supply in focus Wednesday, 15 Oct 2014 | 10:48 AM ET

    *Copper in 270,000 T deficit in 2014, surplus in 2015- ICSG. LONDON, Oct 15- Copper prices fell on Wednesday, under pressure from Chinese inflation data and weak U.S. retail sales and producer prices, though losses were kept in check by a growing consensus that a surplus of the metal will be delayed until next year. "I still see more downside this quarter particularly...

  • *Up a few thousand bankers affected, largely in London. LONDON, Oct 15- The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap and must be changed by the end of the year, the EU banking watchdog said on Wednesday, raising the prospect that banks will have to bump up basic pay or risk losing top staff. The sight of bankers pocketing...