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Standard Chartered PLC

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  • Some foreign banks are tightening lending criteria for China's state-owned enterprises, even for borrowers previously seen as safe as government debt.

  • SHANGHAI/ HONG KONG, March 6- Some banks are adopting stricter lending criteria for China's state-owned enterprises, demanding collateral from some companies they used to deem as safe as government debt, as Beijing tries to reform its bloated firms and the economy slows. A banker at Taiwan's Chang Hwa Commercial Bank said that from the beginning of this year his...

  • *Euro dips under $1.09; ECB to start bond buying next week. The euro fell below $1.09 for the first time since September 2003. "We feel the economy is in a position for the Fed to begin normalizing policy," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • *Growth, investment in Africa remains lopsided, localised. Sub-Saharan Africa has achieved annual growth of more than 5 percent over the last decade, and foreign investment has more than quadrupled over the same period, feeding the popular catch phrase that Africa is' rising'. "'Africa Rising' served a purpose because it alerted people who weren't interested in...

  • Issuers who aren't from China or Hong Kong account for about 70 percent of offshore yuan bonds and certificate of deposits in the primary market so far this year, Thomson Reuters data shows. Other foreign entities tapping the fledgling dim sum market in the past two months are Australia's Westpac Banking Corp, France's Air Liquide Finance, Germany's KfW...

  • *ITV, Standard Chartered shares advance. LONDON, March 4- European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/ 2- year low against the dollar after U.S. services data. Generally a good economic number out of the U.S. is good for the...

  • Europe shares end higher as ECB meeting approaches Wednesday, 4 Mar 2015 | 11:44 AM ET

    European equities finished higher on Wednesday as investors geared up for the European Central Bank's policy meeting on Thursday.

  • European shares firm, but trim gains after PMI data Wednesday, 4 Mar 2015 | 9:46 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe,...

  • LONDON, March 4- Standard Chartered has no plans to tap shareholders for cash, it said on Wednesday, despite reporting a 25 percent drop in profits last year on the back of soaring bad loans. The Asia- focused bank said it would not take "knee-jerk actions" and vowed instead to cut costs and shrink its loan book in an effort to quell concerns about its capital strength,...

  • European shares surrender gains after PMI data, ITV up Wednesday, 4 Mar 2015 | 7:17 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares surrendered early gains on Wednesday after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe, which...

  • Indian shares led gains in Asia Wednesday after a surprise rate cut by the Reserve Bank of India, while the rest of the region traded mixed.

  • *Asia shares fall despite India rate cut, China data. LONDON, March 4- Global equities pulled back from recent record highs on Wednesday, with investors turning cautious after underwhelming euro zone PMI data and ahead of central bank meetings. The MSCI All Country World equity index slipped 0.2 percent, with Asian shares lower overall despite data showing a...

  • Buoyant StanChart helps Europe stocks bounce back Wednesday, 4 Mar 2015 | 4:03 AM ET

    * "Tactically, Europe is in overshooting mode"- UBS's Riesner. PARIS, March 4- European shares rose on Wednesday morning, bouncing back from the previous session's pull-back, with shares of Standard Chartered surging 5.3 percent after the bank said it aims to cut $1.8 billion in costs over three years. British broadcaster ITV also featured among the top gainers...

  • *Consumer spending falls 0.2 percent in January. WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. All the gas savings are ending up at the bank rather than being spent, "Thomas Costerg, an economist at Standard...

  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "India is about to take off," Jaitley, 62, said early in his speech to lawmakers. "The world is predicting that this is India's...

  • In a major boardroom reshuffle that signalled the end of an era at the Asia- focused bank, Standard Chartered said Thursday that Winters would take over in June, initially prompting a giddy reaction among investors, analysts and some staff. "There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency...

  • Nikkei ends week with new 15-year high Friday, 27 Feb 2015 | 3:33 AM ET
    Pedestrians stand in front of stock market boards along the pavement in Tokyo, Japan.

    Asian equitiess were mixed on Friday, following an uninspiring lead from Wall Street, but Japanese stocks managed to overlook a mixed bag of economic data to settle at a new 15-year high.

  • Earnings, Yellen help Europe shares end higher Thursday, 26 Feb 2015 | 11:43 AM ET

    European equities rallied on Thursday, closing nearly 1 percent higher as investors reacted to a raft of corporate earnings and fresh economic data.

  • *Major management, board shake-up at troubled Asia- focused bank. LONDON/ HONG KONG, Feb 26- Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June, replacing Peter Sands in a major management overhaul following two years of problems. Investors had been pushing for a change at the helm of the Asia- focused...

  • *Raft of corporate earnings lift Europe higher. LONDON, Feb 26- Global equities set a new record high and bond yields sank to fresh lows on Thursday as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. A new record low of -0.003 percent for German seven-year sovereign bonds came after Germany...