STAN.L announced a cash dividend of 21.00 with an ex-date of Mar. 7, 2024
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.
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.
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