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Standard Chartered PLC

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  • China's wild market swings: This is just the start Wednesday, 10 Dec 2014 | 12:55 AM ET

    The rout in China stocks on Tuesday is a healthy correction, however the wild swings reinforce that the market is not for the faint of heart.

  • Dec 9- Standard Chartered will face another three years of scrutiny for compliance with U.S. standards related to sanctions against certain countries, according to documents filed on Tuesday that also noted another probe of the bank is underway. The original agreements, struck with the U.S. Justice Department and the Manhattan district attorney over the...

  • Asia's slow financial reforms put taxpayers at risk Monday, 8 Dec 2014 | 7:32 PM ET
    An investor watches the electronic board at a stock exchange hall in Huaibei, China.

    Asia's financial regulators are slow to implement measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs.

  • FACTBOX-Analysts' reactions on OPEC decision Monday, 8 Dec 2014 | 5:37 PM ET

    Dec 8- Oil analysts are taking stock of the recent OPEC meeting that decided against production cuts despite a huge oversupply in world markets. "We assume no material OPEC supply cuts and no unplanned supply disruptions take place during 2015.". "Regardless of what OPEC does, we believe the market will be looking for real supply response from non- OPEC producers.

  • *Copper eyes biggest weekly rise since late Aug. LONDON, Dec 5- Copper and other base metals fell on Friday, pressured by a buoyant dollar and concern about a possible early hike in U.S. interest rates following upbeat U.S. jobs data. Copper added about 1.5 percent for the week, the biggest weekly gain since late August.

  • *Copper eyes biggest weekly rise since late Aug. KUALA LUMPUR/ SYDNEY, Dec 5- London nickel prices rose to their highest in more than two months due to tight supplies of ore, while copper was on track to post its biggest weekly rise since August as prices rebounded from falls earlier in the week. "High-grade nickel ore prices in China have been moving up slowly over the...

  • Euro rallies from two-year low Thursday, 4 Dec 2014 | 5:07 PM ET

    The euro rebounded from a more than two-year low against the dollar on Thursday.

  • FOREX -Euro falls below $1.23 ahead of ECB, yen weak Thursday, 4 Dec 2014 | 4:02 AM ET

    LONDON, Dec 4- The euro fell to less than $1.23 for the first time in more than two years on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into a moribund euro zone economy. The yen was also teetering on the brink against the dollar, although dealers said there was at least $1 billion in...

  • SYDNEY/ SINGAPORE, Dec 4- The euro hit a two-year low on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into the sputtering euro zone economy. The euro eased 0.1 percent to $1.2295, slipping below $1.2300 for the first time since August 2012. "We think the Council is more likely waiting to...

  • SYDNEY/ SINGAPORE, Dec 4- The euro staggered near two-year lows on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into the sputtering euro zone economy. The euro was steady on the day at $1.2309, having fallen to $1.2301 on Wednesday, a low not seen since August 2012.

  • LONDON, Dec 2- Copper and other base metals slid on Tuesday on persistent uncertainty over demand in top metals consumer China, more weak economic data in Europe and further losses in oil prices. Copper nearly erased all of its gains from Monday, when it rebounded from 4-1/ 2 year lows and broke a five-session run of losses. "The market remains in a state of flux and...

  • Japanese shares rose to a seven-year high on the first day of the month, while the rest of Asia's indices declined on oil prices and Chinese data.

  • LONDON, Nov 28- Ratings agency Standard& Poor's cut its credit rating on Standard Chartered for the first time in 20 years on Friday, citing the "tough period" the Asia- focused bank was going through and its weaker credit-worthiness. S&P cut its long-term issuer credit rating on Standard Chartered Plc to' A' from' A+', with a negative outlook-- a move that could make it more...

  • *Nigerian firms issued $5 billion hard currency bonds since 2007. Companies in Africa's largest economy have rushed in recent years to take advantage of rock-bottom global borrowing costs and investors' hunger for yield, selling some $5 billion in hard currency bonds since 2007, according to Thomson Reuters data. Of this more than $2 billion was raised this...

  • LAGOS, Nov 26- Nigeria's naira touched a record low against the dollar on Wednesday, a day after the central bank devalued the currency, complicating efforts to contain inflation before presidential elections early next year. The central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, trying to stem losses to its foreign...

  • A reduction in the quota, likely to 29.5 million barrels per day, dismissing some price war fears and sparking a rally. We therefore do not expect the cartel to be able to prevent the price of a barrel of Brent from falling to $70 by the end of 2016, even if this is below OPEC's current comfort zone. " "With the decline in prices, the likelihood of OPEC announcing a...

  • *Citigroup, Deutsche Bank among banks picked. The sovereign, rated Caa1 by Moody's and B- by Standard& Poor's, has picked Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered to arrange the roadshows and the possible deal, it showed. Pakistan will hold roadshows in the United Arab Emirates on Monday, before heading to London and Singapore on Tuesday,...

  • Nov 21- Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity. Bank of America has hired Jaikumar Ramaswamy, who heads the U.S. Justice Department's asset forfeiture and money...

  • BRUSSELS/ LONDON, Nov 20- Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...