Standard Chartered CEO says a recession next year "looks less likely today"

Standard Chartered PLC on Wednesday said it expects its main markets to lead global economic recovery from the COVID-19 crisis as early as later this year, striking an optimistic note after increased bad loan provisions squashed quarterly profit......»»

Standard Chartered PLC's first-quarter profit tumbled 12% on increased credit impairment and provisions for future loan losses as the coronavirus crisis hammered its borrowers, even as it expects an economic recovery later this year......»»

NOVI, Mich., Feb. 24, 2020 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported results for the fourth quarter and full year 2019. Summary Full year net income totaled $67.5 million or $3.92.....»»

The bank’s pretax underlying profit was $1.24 billion in constant currency terms, compared with $1.07 billion over the same period last year, the lender said in a stock exchange filing on Wednesday......»»

The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Credit Suisse rises 0.8 percent in European share trading after the Swiss lender doubles its second-quarter profit. But as Laura Frykberg reports, rival Standard Chartered was the biggest banking faller, down 3.5 percent, after giving a half-year update......»»

Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year, adding to the country's woes as it deals with a currency crisis......»»

U.S. authorities are investigating whether Standard Chartered breached Iran-related compliance rules as recently as 2013, a year after it settled with them over earlier allegations of breaches and pledged to improve internal controls......»»

Ten years after the Great Recession, 25- to 34-year-old men are lagging in the workforce more than any other age and gender demographic. About 500,000 more would be punching the clock today had their employment rate returned to pre-downturn levels......»»

Ten years after the Great Recession, 25- to 34-year-old men are lagging in the workforce more than any other age and gender demographic. About 500,000 more would be punching the clock today had their employment rate returned to pre-downturn levels......»»

The last month has seen a roller-coaster of chaos in stock markets, Fed attitudes, and market-implied expectations of Fed sentiment. And, as Standard Chartered's Steve Englander warns, the recent acceleration in asset-market.....»»

NOVI, Mich., Feb. 14, 2019 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE:CPS) today reported preliminary results for the fourth quarter and full year 2018. .....»»

Standard Chartered PLC on Tuesday said it would cut $700 million in costs and exit smaller businesses, as part of the lender's new three-year strategy overhaul to boost growth......»»

Standard Chartered PLC on Tuesday said it would cut $700 million in costs and exit smaller businesses as part of a three-year strategy overhaul aimed at boosting growth and possibly doubling dividend payments......»»

Good morning, Cincinnati! It’s Fri-yay. Here are the top business news stories you need to know from the day that was.  Empower, a Cincinnati marketing agency with a 38-year history in the region, will vacate its headquarters in Over-.....»»

Happy Thursday, Cincinnati – and thank goodness the Reds are out of Seattle! Here are five stories to start your day.  The Duttenhofer Building, a former headquarters of Procter & Gamble, is up for sale again after plans to turn it into a hotel .....»»

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- XWELL, Inc. (NASDAQ:XWEL) ("XWELL" or the "Company"), an authority in wellness solutions for people on the go, today reported results for the year ended December 31, 2023. Recent Highlights: The Company.....»»

Confirmation of a significant layoff, including high-profile and longtime executives, eroded roughly $30 billion from Tesla's market capitalization on Monday. read more.....»»

SOUTH SAN FRANCISCO, Calif., April 15, 2024 (GLOBE NEWSWIRE) -- UNITY Biotechnology, Inc. (UNITY) (NASDAQ:UBX), a biotechnology company developing therapeutics to slow, halt, or reverse diseases of aging, today reported.....»»