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Standard Chartered PLC

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  • HONG KONG/ SINGAPORE, Oct 29- Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of reforms by Beijing are leading reserve managers to view the renminbi as a viable reserve currency. Acceptance of the Chinese currency among central banks and sovereign wealth funds which manage billions of...

  • Asia stocks join US rally; Fed statement in focus Wednesday, 29 Oct 2014 | 3:00 AM ET

    Asian equity markets followed their U.S. peers higher on Wednesday ahead of the Federal Reserve's policy statement.

  • Europe closes firmly higher; Sanofi plummets Tuesday, 28 Oct 2014 | 1:09 PM ET

    European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.

  • LONDON, Oct 28- When Hong Kong-listed miner MMG Ltd released its third-quarter results on Oct. 16, it confirmed that its giant Century zinc and lead mine in Australia would close in the third quarter of next year. The shuttering of Century, which began operations in 1999, has been long expected. Indeed, it has become totemic of the bull story in zinc, predicated as it is...

  • Robust earnings spur European stocks higher Tuesday, 28 Oct 2014 | 8:27 AM ET

    *Sanofi share drop means over $10 bln market value wipeout. EDINBURGH, Oct 28- European shares rose in early trade on Tuesday, reversing the previous session's dip as better-than-expected results from a number of blue-chips including pharma group Novartis and bank UBS helped lift sentiment. While French pharma Sanofi and UK- listed Standard Chartered Bank...

  • *London shares tumble 9 pct to 5- year low. HONG KONG/ LONDON, Oct 28- Asia- focused bank Standard Chartered Plc warned investors that profits would fall in the second half of this year, after quarterly earnings were hit by a surge in bad loans and higher regulation and compliance costs. Standard Chartered said that as bad debts rise in key markets like India and China,...

  • Robust earnings help Europe stocks resume rally Tuesday, 28 Oct 2014 | 5:35 AM ET

    *FTSEurofirst 300 up 0.8 pct, Euro STOXX 50 up 0.9 pct. *Sanofi share drop represents $10 bln market value wipeout. PARIS, Oct 28- European shares rose in early trade on Tuesday, reversing the previous session's dip as better-than-expected results from a number of blue-chips including pharma group Novartis and bank UBS helped lift sentiment.

  • *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.