Standard Chartered PLC

StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India

StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 billion following an internal classification of businesses with risk for default. The move is going to take place since the lender pares its balance sheet after booking record impairments.

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Commerzbank close to settling U.S. sanctions probes

German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.

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China's Communist leadership meets for future changes in economy

President Xi Jinping and other Communist leaders to meet up for the third plenum of China.

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Banks avoid financial backing for Etisalat over letter of support issued for subsidiary

Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.

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Societe Generale to sell Asian financial unit

Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.

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Singapore, the best value city for foreign investment: research

A research conducted by Savills Plc ranked Singapore as the best value city for foreign investment.

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Emirates NBD to hire Manoj Chawla

two sources told Reuters that Emirates would hire former Standard Chartered Plc's executive Manoj Chawla as its Chief Risk Officer.

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Ramky Enviro Engineers acquires Enviropacific

Ramky Enviro Engineers acquired Enviropacific, the first of targeted acquisitions in Australia.

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