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Standard Chartered News

• Keppel Corp. Places REIT Stake With Goldman Sachs

  Updated 2 hours, 19 minutes ago

  Keppel Corp., the world’s largest oil-rig maker, said its subsidiary has placed a 6.7 percent stake worth S$279.9 million ($223 million) with Goldman Sachs Group Inc.

• Former Soros COO Zuaiter Says Consumers to Spur Emerging Markets

  Nestle SA, General Electric Co and Berkshire Hathaway Inc are among firms poised to benefit from a consumer-lead “revival” in emerging markets, said Abbas Zuaiter, co-founder of Zuaiter Capital Holdings and former chief operating officer of George Soros’s family office.

• Goldman Said to Seek ICBC Exit With $1.1 Billion Sale

  Goldman Sachs Group Inc. ended a seven-year investment in Industrial & Commercial Bank of China Ltd. by selling a $1.1 billion stake in the world’s largest lender by market value, a person familiar with the matter said.

• Zimbabwe Stock Market Regulator Balks at Plan to Force Bank IPOs

  Zimbabwe’s stock exchange regulator said a planned law to force banks to sell their shares on the local bourse will only work once the nation has addressed issues holding back equity valuations.

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  RBI Buying $1 Billion a Month on Inflows Into Debt: India Credit

  Updated 2 hours, 48 minutes ago

  India is using a surge in inflows into local bonds and equities to rebuild its currency reserves, boosting its ability to avoid a junk debt rating.

• Ghana May Hold Key Rate as Inflation Climbs to Three-Year High

  Ghana’s central bank will probably leave its benchmark interest rate unchanged for a fourth time as a weakening currency pushes inflation to a three-year high.

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  Goldman Said to Seek ICBC Exit With $1.1 Billion Sale

  Goldman Sachs Group Inc. ended a seven-year investment in Industrial & Commercial Bank of China Ltd. by selling a $1.1 billion stake in the world’s largest lender by market value, a person familiar with the matter said.

• FCC Bolstered, ISDAfix E-Mails, Swedish Banks: Compliance

  The U.S. Supreme Court bolstered the authority of federal administrative agencies, upholding Federal Communications Commission deadlines for local zoning authorities considering applications for new wireless facilities.

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  Block Says China Banks’ Bad Loans Spread Beyond Government Debt

  Carson Block, the short seller who runs Muddy Waters LLC, said China’s bad-loan problem is more widespread than just local government debt and includes public and private sector borrowing.

• Nigeria’s Okonjo-Iweala Says Bank Rate Cut Would Boost Economy

  Nigeria’s economy would benefit from interest-rate easing even though it’s likely that the central bank will keep the key indicator unchanged tomorrow, Finance Minister Ngozi Okonjo-Iweala said.

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• "The group is conducting a review of its historical U.S. sanctions compliance and is discussing that review with U.S. enforcement agencies and regulators."

  - Standard Chartered on Aug 07, 2012

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