News for Standard Chartered PLC (STD.BE)

Oil rallied to the highest in nearly two years in New York.

Oil and energy exchange traded funds continue to rally, with crude prices at their highest level in almost two years...

The following slide deck was published by Standard Chartered PLC in conjunction with their 2020 Q4 earnings call.

Shares of Standard Chartered Plc were losing around 5 percent in the morning trade in London after the banking major reported Thursday a loss in its fourth quarter, compared to prior year's profit, with weak net interest income.

Shares of Standard Chartered Plc were losing around 5 percent in the morning trade in London after the banking major reported Thursday a loss in its fourth quarter, compared to prior year's profit, with weak net interest income.

(Bloomberg) -- A man in a tuxedo sits at a mountaintop bar. His phone buzzes and he springs into action, stepping into ski boots and racing down the slopes.

Having a senior banking executive star in a dozen online ads marks the most recent unconventional bid for attention by a financial services firm eager to make an impression on Chinas emerging investor class.

Japan's government cut its view on the overall economy in February for the first time since April last year as an extended state of emergency to curb coronavirus infections battered consumer spending. The government slashed its assessment on consumer spending for a third straight month in February, saying it has shown weakness recently, as the emergency hurt the retail industry as people avoided eating out and travelling. Meanwhile, the government raised its view on capital spending for a second consecutive month, saying it has been

Coca-Cola raised its quarterly cash dividend by 2.4% to $0.42 per share. This marks the beverage company’s 59th consecutive year of dividend increases. Coca-Cola (KO) announced that the new dividend will be paid on April 1, to shareholders of record as of March 15. Shares closed at $50.77 on Feb. 18, up nearly 1.3%. The company’s annual dividend of $1.68 per share now reflects a dividend yield of 3.3%. On Feb. 10, Coca-Cola reported 4Q results. The company’s 4Q adjusted earnings increased 6.8% to $0.47 per share on a year-over-year basis and beat Street estimates of $0.42 per share. Adjusted net operating revenues decreased 5.5% to $8.6 billion, falling just shy of analysts’ expectations of $8.63 billion. For 2021, the company projects adjusted EPS to grow in the high single-digit to low double-digit percentage range. (See Coca-Cola stock analysis on TipRanks) On Feb. 10, Merrill Lynch analyst Bryan Spillane maintained a Buy rating and a price target of $56 (10.3% upside potential) on the stock. The analyst considers the company’s “premium” valuation “justified” compared to “non-alcoholic beverage peers” as he expects Coca-Cola to “emerge from the crisis in a stronger position.” “As global vaccinations improve and other re-open related stocks begin to outperform,” Spillane believes “there will be a catch up trade for KO shares which have underperformed both peers and the broader market so far this year.” Wall Street analysts are cautiously optimistic about the stock. The Moderate Buy consensus rating breaks down into 6 Buy ratings versus 5 Hold ratings. The average analyst price target stands at $57 and implies upside potential of about 12% to current levels. Shares have increased 7% over the last six months. Coca-Cola scores a 9 out of 10 from TipRanks’ Smart Score system, indicating that the stock has strong potential to outperform market expectations. Related News: Sherwin-Williams Hikes Quarterly Dividend By 23.1%; Street Is Bullish Jack Henry Shores Up Quarterly Dividend By 7%; Street Sees 19% Upside T. Rowe Price Ramps Up Quarterly Dividend By 20%; Street Says Hold More recent articles from Smarter Analyst: AptarGroup Beats 4Q Estimates; Street Says Buy Newmark’s Quarterly Results Beat Estimates As Capital Markets Pick Up; Shares Gain 6% Universal Display 4Q Numbers Beat Analysts’ Estimates; Shares Rise 3.7% Walmart Posts Record 4Q Revenues As eCommerce Sales Boom; Shares Dip 6.5%

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Brent crude oil surged above $65 a barrel on Thursday, a level not seen since last January.

Read more about Founders of Asia's family-owned companies seek private equity exit on Business Standard. Publicly listed family firms in Asia have a market capitalisation of more than $5.56 trillion; analysts say change in their ownership could be seismic.

After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners.

Publicly listed family firms in Asia have a market capitalization of more than $5.56 trillion, according to Credit Suisse Group AG. In Hong Kong and Singapore 70 per cent and 60 per cent of listed firms, respectively, are family-backed businesses, a report from the Family Firm Institute showed.

The Bank of England wants to know how the financial system would cope with a double-dip recession and everyone staying at home for years