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Standard Chartered PLC (SCBFF)
- Simply Wall St.
The three-year returns for Standard Chartered's (LON:STAN) shareholders have been favorable, yet its earnings growth was even better
By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger...
- Reuters
UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive
JOHANNESBURG (Reuters) -The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire. The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines (KCM) from Indian billionaire Anil Agarwal-owned Vedanta, the sources said. The unit - International Resources Holding (IRH) - is racing to broaden its burgeoning copper mining business in Zambia after buying a 51% stake in Mopani Copper Mines in a deal worth $1.1 billion.
- Reuters
Standard Chartered picks new regional heads amid investment banking reshuffle, source says
Standard Chartered has picked new regional heads, according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle in its corporate and investment banking business (CIB) business. The new appointments are intended to allow the bank to serve more clients, as well as promote internal talent, the person said. Torry Berntsen was named executive vice-chairman for CIB Europe, Americas, the Middle East & Africa, the person said.
