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Standard Chartered PLC (SCBFF)

8.49

+0.68

(+8.77%)

At close: April 23 at 11:26 AM EDT

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

JOHANNESBURG (Reuters) -The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire. The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines (KCM) from Indian billionaire Anil Agarwal-owned Vedanta, the sources said. The unit - International Resources Holding (IRH) - is racing to broaden its burgeoning copper mining business in Zambia after buying a 51% stake in Mopani Copper Mines in a deal worth $1.1 billion.

Reuters 4 days ago

SCBFF
+8.77%
Algos Extend Oil’s Selloff, Dragging Futures to Three-Week Low

(Bloomberg) -- Oil fell more than 3% to a three-week low as trend-following algorithms accelerated the day’s selloff. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSingapore Loses ‘World’s Best Airport’ Crown to QatarUS crude inventories swelling to a nine-month high, combined with weaker Chinese industrial

Bloomberg 6 days ago

37ZL.L

37ZM.L

58GZ.L
India Sees Abundant Monsoon Rain in Boost to Economic Growth

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergIsrael Versus Iran — What All-Out War Could Look LikeIran’s Attack on Israel Sparks Race to Avert a Full-Blown WarApple Faces Worst iPhone Slump Since Covid as Rivals RiseSingapore PM Lee to Hand Reins to Wong After Two DecadesS&P 500 Breaks Below 5,100 as Big Tech Sells Off:

Bloomberg 8 days ago

37ZL.L

37ZM.L

58GZ.L
Standard Chartered picks new regional heads amid investment banking reshuffle, source says

Standard Chartered has picked new regional heads, according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle in its corporate and investment banking business (CIB) business. The new appointments are intended to allow the bank to serve more clients, as well as promote internal talent, the person said. Torry Berntsen was named executive vice-chairman for CIB Europe, Americas, the Middle East & Africa, the person said.

Reuters 21 days ago

SCBFF
+8.77%
StanChart Sees $30 Billion of Added Inflows Into Indian Bonds

(Bloomberg) -- India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered Plc. Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsBiden Gains Ground Against Trump in Six Key States, Poll ShowsDubai Is Losing Its Allure for Wealthy RussiansChina Property Crisis Is Rippling Through Its Biggest BanksJapan Amps Up Intervention Threat as Yen Hit

Bloomberg 26 days ago

SCBFF
+8.77%
Here's Why We Think Standard Chartered (LON:STAN) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Simply Wall St. 30 days ago

SCBFF
+8.77%
Standard Chartered: ETH Could Hit $14,000 if ETF Gets Approval

Standard Chartered has predicted that Ethereum (ETH) could reach $8,000 by the end of this year and $14,000 by 2025.

CoinMarketCap last month

SCBFF
+8.77%
Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K

The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.

CoinDesk last month

SCBFF
+8.77%
UPDATE 2-StanChart Kenya upbeat on improving fundamentals, 2023 profit rises

Standard Chartered Kenya is optimistic about the outlook for 2024 due to signs of improving economic fundamentals at home and abroad, its chief executive said on Tuesday, after posting a pretax profit jump for last year. The bank, which is one of the oldest in the East African country, reported a 15% increase in its profit before tax, helped by higher income from loans to customers. The outlook was getting better due to macroeconomic factors, said CEO Kariuki Ngari, citing a stabilising local currency, falling inflation and the reopening of international debt markets for frontier economies like Kenya.

Reuters last month

SCBFF
+8.77%
Standard Chartered PLC's Dividend Analysis

Standard Chartered PLC (SCBFY) recently announced a dividend of $0.53 per share, payable on 2024-06-03, with the ex-dividend date set for 2024-03-08. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Standard Chartered PLC's dividend performance and assess its sustainability.

GuruFocus.com last month

SCBFF
+8.77%
Standard Chartered: OPEC’s Latest Move Is Bullish

Commodity analysts at Standard Chartered have taken a bullish view of the extensions, arguing that they will further tighten the market

Oilprice.com last month

SCBFF
+8.77%
Natural Gas Prices Could Spike As EU Prepares to Slash More Russian Gas

The EU will have to contend with even less Russian gas after Ukraine signaled it has no intention to renew the current 5-year pipeline transit agreement with Moscow.

Oilprice.com last month

SCBFF
+8.77%
CHKEZ

EQT
JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business

JPMorgan (JPM) selects HSBC and Standard Chartered to run its custody business in Hong Kong and Taiwan.

Zacks last month

JPM

SCBFF
+8.77%
HSBC
JPMorgan picks HSBC, StanChart to run $500 billion custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said. Reuters reported in December JPMorgan, the world's third-largest global custodian, was set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and StanChart in the race for the mandate.

Reuters last month

JPM

SCBFF
+8.77%
HSBC
JPMorgan picks HSBC, StanChart to run $500 bln custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said. Reuters reported in December JPMorgan, the world's third-largest global custodian, was set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and StanChart in the race for the mandate.

Reuters last month

JPM

SCBFF
+8.77%
HSBC
Standard Chartered targeted in complaint over coal plant funding

Environmental and human rights groups have filed a complaint with a British government mediation body against Standard Chartered over its financing of four coal-fired power plants in the Philippines, the groups told Reuters on Thursday. The Philippine Movement for Climate Justice, Inclusive Development International (IDI), Recourse and BankTrack accuse Standard Chartered of breaching the rights of local communities by financing the operations and are asking it to help compensate those affected and strengthen its related policies.

Reuters last month

SCBFF
+8.77%
Exclusive-StanChart suspends new offshore channel investments by China clients

HONG KONG (Reuters) -Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments due to weakness in the local market and currency. The London-headquartered bank, in a statement to Reuters, cited "commercial reasons" as its explanation for the suspension of new investments under the qualified domestic institutional investor (QDII) programme. StanChart's move comes amid Beijing's efforts to stem capital outflows as weaker yuan and a slowing economy have driven savers to move assets offshore.

Reuters last month

SCBFF
+8.77%
Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment

Banks in Hong Kong including HSBC and Standard Chartered Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area's financial markets and promote capital flow across borders. Their moves come a month after the People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) announced six measures to strengthen financial cooperation between the mainland and Hong Kong. One of those was to enhance the cross-bounda

South China Morning Post last month

HSBC

SCBFF
+8.77%
After losing 19% in the past year, Standard Chartered PLC (LON:STAN) institutional owners must be relieved by the recent gain

Key Insights Given the large stake in the stock by institutions, Standard Chartered's stock price might be vulnerable...

Simply Wall St. last month

SCBFF
+8.77%
China property crisis deepens as Moody's withdraws credit ratings

China’s property crisis deepened as Moody’s withdrew a flurry of credit ratings from key companies.

The Telegraph last month

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NVDA

Performance Overview

Return	SCBFF	FTSE 100
YTD	+4.14%	+4.03%
1-Year	+8.56%	+1.65%
3-Year	+37.57%	+15.95%

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Standard Chartered PLC (SCBFF)

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

Algos Extend Oil’s Selloff, Dragging Futures to Three-Week Low

India Sees Abundant Monsoon Rain in Boost to Economic Growth

Standard Chartered picks new regional heads amid investment banking reshuffle, source says

StanChart Sees $30 Billion of Added Inflows Into Indian Bonds

Here's Why We Think Standard Chartered (LON:STAN) Might Deserve Your Attention Today

Standard Chartered: ETH Could Hit $14,000 if ETF Gets Approval

Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K

UPDATE 2-StanChart Kenya upbeat on improving fundamentals, 2023 profit rises

Standard Chartered PLC's Dividend Analysis

Standard Chartered: OPEC’s Latest Move Is Bullish

Natural Gas Prices Could Spike As EU Prepares to Slash More Russian Gas

JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business

JPMorgan picks HSBC, StanChart to run $500 billion custody business in Hong Kong, Taiwan

JPMorgan picks HSBC, StanChart to run $500 bln custody business in Hong Kong, Taiwan

Standard Chartered targeted in complaint over coal plant funding

Exclusive-StanChart suspends new offshore channel investments by China clients

Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment

After losing 19% in the past year, Standard Chartered PLC (LON:STAN) institutional owners must be relieved by the recent gain

China property crisis deepens as Moody's withdraws credit ratings

Performance Overview