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Standard Chartered PLC (STAN.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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680.60+9.20 (+1.37%)
At close: 04:36PM BST
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  • 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.

  • Reuters

    StanChart CEO Winters meets China FX regulator, launches investment banking unit

    Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel. Winters exchanged views with Zhu Hexin, the head of China's State Administration of Foreign Exchange (SAFE), on China's financial opening up and the establishment of a treasury centre, among other topics, according to a statement from the regulator issued late on Monday.