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STANDARD BANK PLC
China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...- Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...
- Talent fight heats up in India finance hub as two chiefs quitGIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resig...
- RBI announces UPI launch in Cambodia: What it means for Indian tourists & businessesUnified Payments Interface (UPI) services are now live in Cambodia, enabling Indian travelers to make QR code-based payments. This collabor...
- JLR to raise £2 billion five-year loan from global banks to refinance debtJaguar Land Rover is securing a significant £2 billion loan. This move aims to refinance upcoming debt obligations. Several multinational b...
- Europe’s banks embrace AI — and confront the price of dependence on US techThe finance industry is rapidly adopting AI, but soaring costs for computing power and AI assistants like Claude are creating financial str...
- Rupee plunge sees India turn to 2013 taper tantrum playbookIndia's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The ...
- RBI mulls all options, including rate hike, as rupee slumpsThe Reserve Bank of India is exploring all avenues to steady the rupee. Options include raising interest rates and currency swaps. Official...
- CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...
- Standard Chartered plans to cut thousands of jobs in AI pushStandard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18...
- China's credit growth slips below estimatesApril marked a significant slowdown in China's credit growth, tumbling below projections. Banks curtailed the issuance of new loans, while ...
- India’s rupee defence faces tough test as capital flows stallIndia’s rupee faces sustained pressure as weak capital inflows and elevated oil prices strain the balance of payments. Despite RBI interven...
- Indian officials see Iran war oil shock as disruptive as CovidIndia is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy ...
- RBI MPC Repo Rate: Sanjay Malhotra & Co hold rates steady at 5.25% as war shocks rattle outlookRBI Repo Rate: The Reserve Bank of India kept the repo rate unchanged at 5.25% in its first policy decision since the Iran war, as it balan...
- Vijay Mallya files plea for recalling contempt orderWhen the matter came up for hearing today, the court adjourned it to December 2.
- Congress criticises Centre for not inquiring Vijay Mallya's transactionsCongress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, i...
- Power Finance Corporation to issue foreign currency bonds of $1 billionThe proceeds of the Notes will be utilised for on-lending to the company's borrowers in the power sector in rupee and/or foreign currency, ...
- Cairn secures rigs for drilling in GreenlandScottish explorer Cairn Energy Plc today said it has secured two state of the art drilling rigs for its exploration campaign in offshore Gr...
- Barclays bank says to buy Standard Life assetsBritish bank Barclays announced on Monday that it will buy the home loans and savings division of insurer Standard Life for 226 mn pounds (...
- Volatility to sustain for few months: Peter SandsPutting its loss due to turmoil in the global financial markets at $300 million in 2007, Standard Chartered Plc on Wednesday said the crisi...
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