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StanChart rules out share issue after plunge in profits

LONDON - Standard Chartered has no plans to tap shareholders for cash, it said on Wednesday, despite reporting a 25 percent drop in profits last year on the back of soaring bad loans. | Video

Recent Business News

RBS boss says no number set for 'significant' investment bank job cuts

LONDON - Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its Chief Executive Ross McEwan said on Tuesday.

2:01pm GMT

BoE's Bailey says no banks have asked for advice on UK leaving EU

LONDON - Bank of England Deputy Governor Andrew Bailey said on Thursday no banks have asked him for advice on Britain leaving the European Union.

3:38pm GMT

Global business growth at five-month high in February - PMI

LONDON - Global business activity picked up at the fastest pace in five months during February as new orders flooded in, even though companies raised prices, a business survey showed on Wednesday.

4:25pm GMT

Tesco says former BP executive to join board as non-executive

LONDON - Tesco , Britain's biggest retailer, has beefed-up its board with the appointment of Byron Grote, a former BP chief finance officer, as a non-executive director from May 1.

10:33am GMT

BoE's Bailey said making HSBC less complex is a work in progress

LONDON - HSBC's chief executive and chairman will be held responsible for making the bank less complicated to manage, Bank of England Deputy Governor Andrew Bailey said on Wednesday.

3:36pm GMT
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