Standard Chartered Bank

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Standard Chartered Bank

Standard Chartered Bank (LSE: STAN, SEHK: 2888,OTCBB: SCBFF) is a British bank headquartered in London with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) and employs 73,000 people.

Despite its British base, it has few customers in the United Kingdom and 90% of its profits come from Asia, Africa, and the Middle East. Because the bank's history is entwined with the development of the British Empire its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies. Read More

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Pranab Mukherjee
India Delays Tax-Dodge Rule That Riled Foreign Investors

By IBTimes

India has delayed for a year the implementation of controversial rules, first announced in mid-March, to combat tax-avoidance, Finance Minister Pranab Mukherjee told lawmakers in New Delhi on Monday. (May 07)

MORE TOPICS: COURT, TAX POLICY, INDIA, SUPREME COURT, TAX LAW, LONDON

Standard Chartered Misses Previous 10% Growth Target
Standard Chartered Misses Previous 10 Pct Growth Target, Shares Slide

By IBTimes UK

Standard Chartered said its first-quarter revenue rose less than its previous 10 percent target, as the strength of the US dollar against Asian currencies impacted income growth. The bank in February forecasted 'double-digit' growth in revenue and in earnings per share for this year. (May 02)

MORE TOPICS: CHINA, INDIA

India's exports fall for the first time since 2009

By Reuters

India's exports in March fell for the first time since the 2009 global financial crisis as demand weakened in the United States and Europe, further clouding the outlook for the country's balance of payments. (May 01)

MORE TOPICS: GOLD, EUROPEAN UNION, INDIA, INVESTMENT

Shares, euro slip as Spain slides into recession

By Reuters

Global shares edged lower on Monday, snapping a four-session winning streak, and the euro slipped against the dollar after weak growth data from Spain added to fears of a deepening euro-zone recession. (Apr 30)

MORE TOPICS: GOLD, DOW JONES, PORTUGAL, GOLD PRICES, ELECTIONS, EUROPEAN CENTRAL BANK

London copper holds under $8,000, demand woes weigh

By Reuters

London copper stayed below $8,000 a tonne for a third day running as investors worried about the outlook for global demand, with Spain's surging borrowing cost threatening to spark a new phase in the euro zone debt crisis. (Apr 17)

MORE TOPICS: COPPER, LONDON

Temasek buys $2.3 billion of ICBC shares from Goldman

By Reuters UK

Singapore state investor Temasek <TEM.UL> bought $2.3 billion (1.4 billion pounds) worth of ICBC's <1398.HK> Hong Kong-listed shares from seller Goldman Sachs <GS.N>, piling into three of China's top four banks and raising... (Apr 16)

MORE TOPICS: CHINA, BANK OF AMERICA, CHINA CONSTRUCTION BANK, GOLDMAN SACHS, HANG SENG INDEX, AMERICAN EXPRESS

China gives currency more freedom with new reform

By Reuters

China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial markets. (Apr 14)

MORE TOPICS: CHINA, HSBC, INTERNATIONAL MONETARY FUND

Global shares fall on growth, euro zone debt worries

By Reuters UK

Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies. (Apr 11)

MORE TOPICS: CHINA, GOLD, MERRILL LYNCH, JAPAN, COPPER, INVESTMENT

Shares fall on growth, euro zone debt worries

By Reuters UK

Asian shares fell for a third straight day on Wednesday as uncertainty over global growth prospects, and resurfacing worries about debt restructuring in the euro zone, prompted investors to continue trimming their risk exposures. (Apr 11)

MORE TOPICS: CHINA, GOLD, MERRILL LYNCH, JAPAN, COPPER, INVESTMENT

Pham Thanh Binh, former chairman of shipbuilding group Vinashin, and Nguyen Tuan Duong are escorted by policemen to a court in Hai Phong
Vietnamese Court Jails 9 Executives Of State-Owned Shipbuilder

By IBTimes

The scandal even touched the country’s Prime Minister Nguyen Tan Dung, who appointed Binh to his post. (Mar 30)

MORE TOPICS: COURT, MANAGEMENT

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