Advertisement
UK markets open in 6 hours 40 minutes

  • NIKKEI 225

    38,104.95
    -355.13 (-0.92%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.74
    -0.07 (-0.08%)
     

  • GOLD FUTURES

    2,329.10
    -9.30 (-0.40%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,634.75
    -1,784.05 (-3.34%)
     

  • CMC Crypto 200

    1,388.46
    -35.64 (-2.50%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

StanChart has no intention to sell stake in Indonesia's Bank Permata-SE Asia CEO

Reuters - UK Focus

JAKARTA, April 21 (Reuters) - Standard Chartered PLC (Other OTC: SCBFF - news) has no intention to sell its stake in Indonesia's Bank Permata Tbk, the British lender's Southeast Asia head said on Tuesday.

Standard Chartered and Indonesian conglomerate PT Astra International Tbk owned 45 percent each in Bank Permata as of December 2014, according to Thomson Reuters data.

"We do not have the intention of disposal (of the stake) at this stage," Lim Cheng Teck, CEO for ASEAN at Standard Chartered, told Reuters on the sidelines of the World Economic Forum in Jakarta.

Standard Chartered's abrupt move to shut its global equities business in January could be a prelude to the lender selling off stakes in a number of Asian banks as it looked to boost capital, people familiar with the lender's thinking had previously said. (Reporting by Eveline Danubrata and Cindy Silviana)