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Standard Chartered PLC

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  • SINGAPORE, Feb 3- Standard Chartered is looking to sell its retail business in the Philippines, part of a wider bid by embattled CEO Peter Sands to cut costs and shrink the bank's asset base, a person with direct knowledge of the matter said. A spokesman for Standard Chartered said the bank would "not comment on speculation". Standard Chartered currently has five...

  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • MUMBAI, Jan 29- The Indian government has asked tax officials to apply the principle behind a tax ruling in favour of Vodafone Group Plc to all similar cases, a major boost to foreign firms including Royal Dutch Shell PLC. Tax lawyers said they expected the government order to impact all the past and future cases involving tax on shares issued by a company to...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...

  • Wanted: Asia-focused banker for StanChart's top spot Wednesday, 28 Jan 2015 | 5:34 AM ET

    HONG KONG, Jan 28- Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters. The list of potential candidates is wide and includes Piyush Gupta, CEO of Singapore- based DBS, outgoing Westpac CEO Gail Kelly,...

  • Oil rises on weaker dollar; traders fear stock build Tuesday, 27 Jan 2015 | 2:36 PM ET

    Oil rose more than 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency.

  • *Silver expected to average $17.20/ oz this year. LONDON, Jan 27- Gold faces a third year of losses in 2015 as the United States prepares for its first interest rate rise in nearly a decade, but the market should also find a floor, clearing the way for a recovery next year, a Reuters poll showed. Gold traded around $1,285 an ounce at 1410 GMT on Tuesday.

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. LONDON, Jan 27- Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Prices were also supported after the Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said oil prices may have bottomed...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Oil gave up early gains with Brent futures slipping below $48 on Tuesday as a stronger dollar weighed, offsetting comments from producer group OPEC that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. SINGAPORE, Jan 27- Brent crude oil prices held above $48 on Tuesday following comments from OPEC that prices may have found a floor. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent prospect of OPEC producers sitting down to discuss cutbacks until...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • Asian shares mixed after leftist win in Greece Monday, 26 Jan 2015 | 2:24 AM ET
    The national flag of Greece and the flag of the European Union fly above a government building on January 23, 2015 in Athens.

    Asian equities reacted nervously to the election victory of Greek leftist party Syriza on Monday.

  • The 29- year-old Standard Chartered economist predicted the Bank of Canada would cut its key interest rate by 50 basis points in March, alone among veteran market watchers who saw no rate move for the full year. "Some analysts may have been drinking from the forward guidance fountain a bit too much," he said from Standard Chartered's New York office where he moved...

  • HONG KONG, Jan 16- Standard Chartered's abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, people familiar with the lender's thinking said. The most likely potential sale is Standard Chartered's $621 million holding in Agricultural Bank of China...

  • China's Qingdao shakeout to limit impact of copper rout Thursday, 15 Jan 2015 | 3:17 AM ET

    *Forced copper sales seen unlikely after Qingdao shakeout. MELBOURNE/ SHANGHAI Jan 15- Banks are tightening up lending to Chinese metals traders after a copper price plunge to five-year lows, but don't expect forced sales of the metal after smaller players were weeded out during a major financing scandal last year, bankers and traders said.

  • Kaisa Group last week failed to pay coupons for its dollar bond maturing in 2020, after government officials blocked sales of some of its projects in Shenzhen and several executives unexpectedly exited. Kaisa woes have frozen high-yield bond issuance from Chinese companies in the offshore market, where about $3.9 billion worth of G3 and dim sum bonds from...

  • Aussie dollar to keep falling - but by how much? Tuesday, 13 Jan 2015 | 9:00 PM ET

    Analysts remain bearish on the Australian dollar, with some tipping a slide to the Australian central bank’s $0.75 target this year.

  • Jan 12- UBS Group AG, Switzerland's biggest bank, lost two more blue-chip corporate broking clients, the Financial Times reported, citing people familiar with the situation. British defense contractor BAE Systems Plc and Smith& Nephew Plc, Europe's largest maker of artificial joints, have both dropped UBS as their corporate broking adviser, the newspaper said.

  • Controversial HK media tycoon's home firebombed Monday, 12 Jan 2015 | 1:12 AM ET

    The home and former offices of Jimmy Lai, a critic of Beijing who played a prominent role in pro-democracy protests last month, was firebombed.

  • Why energy stocks may be the sleeper hit of 2015 Thursday, 8 Jan 2015 | 10:09 PM ET

    With oil prices falling, energy stocks may seem like the last place you'd want to be, but one strategist says they could be the sleeper hit of 2015.