Lawrence White

HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on strong economic growth in its core Asian markets and on plans to rein in costs. StanChart's bumper buyback, the rosier guidance and a fleshed-out cost-cutting plan that seeks to save $1.5 billion underscore CEO Bill Winters' determination to bolster the bank's shares which have yet to match peers' gains this year. "I don't think our share price reflects the optimism that we and I have for our bank," Winters told a media call on Tuesday.

By Chibuike Oguh and Lawrence White NEW YORK/LONDON (Reuters) -Global equity markets eased while the U.S. dollar rebounded on Wednesday, and

Barry O’Byrne, who heads HSBC’s commercial banking business, will replace Nuno Matos, the company said on Thursday

Sri Lanka battled to 136-4 against England by lunch at Lord's on Sunday as they sought to deny the hosts an unassailable 2-0 lead in the test series after being set an unlikely 483 to win.

LONDON (Reuters) - Sri Lanka battled to 136-4 against England by lunch at Lord's on Sunday as they sought to deny the hosts an unassailable 2-0 lead in the test series after being set an unlikely 483 to win.

It is rare a player scores a century in both innings but fails to win the man-of-the-match award, but that is the fate that befell Joe Root as he ceded the honour to all rounder Gus Atkinson as England swept aside Sri Lanka on Sunday.

LONDON (Reuters) - It is rare a player scores a century in both innings but fails to win the man-of-the-match award, but that is the fate that befell

Most stocks held firm Wednesday, while oil prices and some safe haven assets rose, suggesting that the market impact of escalating Middle East tensions has been contained for now.

Stocks have held firm and safe haven assets such as government bonds and the dollar gained ground, as investors held back from panic selling amid

South Africa's "Big Four" banks—Absa, FirstRand, Nedbank, and Standard Bank—incurred a R27bn loss in the first half of 2024 due to bad debt charges, according to PwC's Major Banks Analysis report