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  • 'See slow US growth; India better placed among BRICS nations' Jan 18, 2016 08:38 AM IST

    'See slow US growth; India better placed among BRICS nations'

    David Mann, Head- Asia Economic Research at Standard Chartered, says there has been no serious stimulus by the policy makers in China and this is becoming difficult for the market to absorb the fact.

  • Vedanta Resources to buy back bonds worth $500 mn Jan 14, 2016 09:13 AM IST

    Vedanta Resources to buy back bonds worth $500 mn

    Global ratings agency Moody's said that while the repurchase cannot be treated as a distressed exchange, additional discounted note repurchases may be treated as one.

  • US crude touches fresh 12-year low near $30 Jan 12, 2016 10:30 PM IST

    US crude touches fresh 12-year low near $30

    Analysts at Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil forecasts this week, with Standard Chartered saying oil could fall as low as $10 per barrel

  • China state planner sees 2015 GDP growth around 7% Jan 12, 2016 10:00 AM IST

    China state planner sees 2015 GDP growth around 7%

    China achieved its main economic targets in 2015, Li Pumin, spokesman for the National Reform and Development Commission (NDRC) told a news conference on Tuesday, a week before official fourth-quarter and full-year 2015 figures will be released.

  • USL gets shareholders' nod to be guarantor for loan by arm Jan 11, 2016 12:24 PM IST

    USL gets shareholders' nod to be guarantor for loan by arm

    In a filing to NSE, United Spirits said the resolution for consent approval of the shareholders to give guarantee and/or provide security for a bank loan of up to Rs 100 crore to be availed by its subsidiary Pioneer Distillers Ltd from Standard Chartered or such other banks, and was passed with a majority.

  • China, US triggering market crash; yuan stability key: StanChart Jan 07, 2016 02:05 PM IST

    China, US triggering market crash; yuan stability key: StanChart

    David Mann, Head, Asia Economic Research at Standard Chartered says as one more rate hike is approaching the hiking cycle, market is not giving the benefit of the doubt to the policy makers.

  • Barclays to cut Asia investment banking jobs next week: Sources Jan 05, 2016 09:37 PM IST

    Barclays to cut Asia investment banking jobs next week: Sources

    The British bank's latest cost cuts as part of its global restructuring will include corporate finance and advisory staff in South Korea and Taiwan, as well as equities sales and research staff among a total of at least 50 job losses throughout the region.

  • China's PMI to be weak for next few mths on oversupply: CMR Grp Jan 04, 2016 08:32 AM IST

    China's PMI to be weak for next few mths on oversupply: CMR Grp

    China's Caixin Purchasing Managers' Index (PMI) fell to 48.2 in December, from 48.6 in November, contracting for the tenth month.

  • StanChart axes top bankers in energy M&A team: Sources Dec 15, 2015 11:45 AM IST

    StanChart axes top bankers in energy M&A team: Sources

    Asia-focused lender Standard Chartered expanded its energy M&A advisory team just before the global financial crisis by acquiring Harrison Lovegrove, a well regarded boutique advisory firm for oil and gas. At that time, more than two dozen bankers came over to Standard Chartered from Harrison Lovegrove.

  • Essar secures loan from Russia's VTB to delist shrs:Sources Dec 11, 2015 01:19 PM IST

    Essar secures loan from Russia's VTB to delist shrs:Sources

    Essar, promoted by billionaire brothers Shashi and Ravi Ruia, needs funds to pay down debts to banks including Standard Chartered, while Rosneft wants to spread its reach across Asian markets to hedge against the risk that any new Western sanctions against Russia could hit crude sales.

  • Expect USD-INR to open at 66.70-66.75/USD: Agam Gupta Dec 07, 2015 08:51 AM IST

    Expect USD-INR to open at 66.70-66.75/USD: Agam Gupta

    The USD-INR pair should range between Rs 66.60-66.90/USD today, says Agam Gupta, Standard Chartered.

  • Foreign banks buy up bulk of Indian state government debt Nov 24, 2015 01:14 PM IST

    Foreign banks buy up bulk of Indian state government debt

    Several market participants involved in the sale said offshore units of Nomura, Standard Chartered and Bank of America Merrill Lynch bought about 30 billion rupees (USD 451 million) of the 35 billion rupees on offer in October, the first window for foreigners to buy in.

  • Standard Chartered reopens Japan desk in Chennai Nov 24, 2015 11:14 AM IST

    Standard Chartered reopens Japan desk in Chennai

    The desk will provide services like cash management, and products on financial markets, debt capital markets, employee banking services, it said in a statement. It will also provide detailed guidance on foreign direct investment and mergers and acquisitions, it added.

  • StanC not to undertake rights issue of IDRs on impediments Nov 18, 2015 10:02 PM IST

    StanC not to undertake rights issue of IDRs on impediments

    Standard Chartered while announcing its interim earnings statement on November 3 had said that loan losses continue to be a problem for its operations in India. It also blamed poor asset quality as one of major factors that dented its profits for the reported quarter.

  • Yes Bank inks pact with LSE for green funds Nov 13, 2015 10:03 PM IST

    Yes Bank inks pact with LSE for green funds

    The private sector lender also said it may use the agreement to raise equity capital through a global depository receipt listing on the London Stock Exchange (LSE).

  • Fitch downgrades Standard Chartered after poor results Nov 06, 2015 08:01 AM IST

    Fitch downgrades Standard Chartered after poor results

    "The rating actions follow the bank's 3Q15 results announcement and its new strategic plan which is accompanied by a USD 5.1 bn rights issue. The bank's restructuring is comprehensive as it targets about USD 100 bn out of USD 315 bn of risk weighted assets (RWAs) at end-3Q 15," Fitch said in a statement.

  • StanChart axes 15,000 jobs, raises $5.1 bn in capital Nov 03, 2015 04:31 PM IST

    StanChart axes 15,000 jobs, raises $5.1 bn in capital

    More than half of the restructuring costs would come from potential losses on liquidating assets and businesses, the bank said in a statement.

  • StanChart announces $5.1 billion capital-raising plan Nov 03, 2015 11:03 AM IST

    StanChart announces $5.1 billion capital-raising plan

    The loss for the July-September quarter compares with a USD 1.5 billion profit in the same period a year ago.

  • Expect USD-INR to open around 65.30/USD: Agam Gupta Nov 02, 2015 08:33 AM IST

    Expect USD-INR to open around 65.30/USD: Agam Gupta

    Exporters will use up move in the dollar as an opportunity to sell dollar and to hedge their future dollar receivables, says Agam Gupta, Standard Chartered.

  • Rupee to open slightly higher around 64.95/USD: Agam Gupta Oct 26, 2015 08:58 AM IST

    Rupee to open slightly higher around 64.95/USD: Agam Gupta

    We expect oil companies and local government banks to be buyers of USD on any downticks, says Agam Gupta, Standard Chartered.

  • USD-INR to open around 64.80/dollar: Agam Gupta Oct 19, 2015 08:46 AM IST

    USD-INR to open around 64.80/dollar: Agam Gupta

    On the lower side it is most likely that we see dollar buying interest come in from local government banks on account of their regular demand, says Agam Gupta of Standard Chartered.

  • Expect USD-INR to open at 66.10-66.15/dollar: Agam Gupta Sep 28, 2015 08:47 AM IST

    Expect USD-INR to open at 66.10-66.15/dollar: Agam Gupta

    The market participants will keenly await the Reserve Bank of India (RBI) policy announcement tomorrow and we expect trade to be rangebound ahead of the RBI meet, says Agam Gupta of Standard Chartered.

  • Poor China PMI to weigh on sentiment for short-term: StanC Sep 23, 2015 08:20 AM IST

    Poor China PMI to weigh on sentiment for short-term: StanC

    The low PMI number raises many questions on whether this is the absolute low and will it match the official PMI number. Also does this mean a transition to different type of growth model and a slower manufacturing demand, says David Mann, Asia Markets- Economist, Standard Chartered.

  • Expect RBI to cut 25 bps and then pause: Standard Chartered Sep 21, 2015 01:01 PM IST

    Expect RBI to cut 25 bps and then pause: Standard Chartered

    The Reserve Bank of India is likely to effect one rate cut of 25 basis points at its monetary policy meeting on September 29, says Standard Chartered Associate Economist Anubhuti Sahay, but she expects no further rate cuts beyond that.

  • Don't chase emerging market relief rally; like India: StanC Sep 18, 2015 08:37 AM IST

    Don't chase emerging market relief rally; like India: StanC

    Manpreet Gill, Standard Chartered does not rule out short-term volatility but would add India for the longer-term.

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