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Standard Chartered PLC (2888.HK)

HKSE - HKSE Delayed price. Currency in HKD
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44.250-1.050 (-2.32%)
At close: 4:08PM HKT
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  • Reuters

    HSBC, StanChart may face secondary shockwaves from Evergrande crisis -analysts

    HSBC and Standard Chartered could face spillover damage to their profits and balance sheets from the debt crisis enveloping China Evergrande Group even though the two banks say they have limited their direct exposure, analysts have warned. HSBC and StanChart make a big chunk of their profits in China and Hong Kong and they have been the foreign banks most involved in underwriting syndicated loans for developers there.

  • Reuters

    StanChart says Evergrande crisis doesn't dent enthusiasm for China

    LONDON (Reuters) -The crisis at indebted developer China Evergrande Group will not curb Standard Chartered's appetite for investing in the country, its Chief Financial officer Andy Halford told a banking conference on Thursday. The Asia, Middle East and Africa-focused lender has no direct exposure to Evergrande and "negligible" indirect exposure, he told the conference hosted by Bank of America. The executive's comments could reassure investors concerned about the potential fallout on British banks, which have invested heavily in China in recent years amid slowing growth in Western markets.

  • Bloomberg

    OPEC+ Can Proceed With Reviving Supply, Key Members Say

    (Bloomberg) -- OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?For Christo and Jeanne-Claude, Wrapping the Arc de Triomphe Is