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Pin to quick picksStandard Chartered Share News (STAN)

Share Price Information for Standard Chartered (STAN)

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Share Price: 735.40
Bid: 735.20
Ask: 735.60
Change: 0.20 (0.03%)
Spread: 0.40 (0.054%)
Open: 740.00
High: 740.40
Low: 728.60
Prev. Close: 735.20
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Abuja taps StanChart for rail project financing, instead of China Eximbank

Thu, 10th Jun 2021 11:16

(Sharecast News) - Abuja may tap StanChart instead of Chinese lenders for the financing needed to modernise two of the country's main railways.

Speaking to Bloomberg, Nigerian transport minister, Rotimi Amaechi, said talks were under way on the $14.4bn of loans needed to upgrade the narrow-gauge Port Harcourt-Maiduguri track in eastern Nigeria and the standard-gauge coastal line.

Contracts for the construction work in both projects however have already been inked with the local unit of state-owned China Civil Engineering Construction.

The value of the contract for CCECC to renovate the Eastern Line was pegged at $3.2bn and that for the Coastal Line at $11.2bn.

The latter contract was signed in 2014 and in 2017 Nigerian officials had reportedly said that Export-Import Bank of China would soon approve a $3.5bn to begin work.

China Eximbank had already financed $2.3bn-worth of rail projects in the West African country and a further $5.3bn of funds were anticipated to allow CCECC to extend the Lagos-Ibadan line to Kano.
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LONDON, March 21 (Reuters) - Global shares rose on Tuesday, after the rescue of Credit Suisse stopped a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond.

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21 Mar 2023 10:19

Shares rise after Credit Suisse deal, but bank 'whack-a-mole' not over

LONDON/SINGAPORE, March 21 (Reuters) - Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond.

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21 Mar 2023 09:17

LONDON MARKET OPEN: Banks at top of FTSE 100 as sentiment improves

(Alliance News) - Stock prices in London opened higher on Tuesday, with banks at the top of the FTSE 100 after a tumultuous few days for the financial sector.

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20 Mar 2023 21:51

Credit Suisse rescue eases crisis fears, First Republic shares dive

March 20 (Reuters) - Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group's state-backed takeover of Credit Suisse.

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20 Mar 2023 16:01

Scramble for safety subsides as markets digest Credit Suisse rescue

Bank shares rally after emergency takeover of Credit Suisse

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20 Mar 2023 13:42

Scramble for safety subsides as markets digest Credit Suisse rescue

Credit Suisse slumps over 60% after emergency weekend takeover

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20 Mar 2023 12:07

LONDON MARKET MIDDAY: FTSE 100, European peers edge into the green

(Alliance News) - Stock prices in London were largely lower at midday on Monday, though the FTSE 100 edged into the green in the first tentative sign market sentiment may be improving after Credit Suisse's USD3.25 billion takeover by UBS.

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20 Mar 2023 11:59

Scramble for safety subsides as markets digest Credit Suisse rescue

Credit Suisse slumps over 60% after emergency weekend takeover

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20 Mar 2023 09:09

European bank shares slide after Credit Suisse rescue

Credit Suisse slumps over 63% after emergency weekend takeover European bank shares fall over 5% in early trading

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20 Mar 2023 09:04

European banks battered after Credit Suisse rescue

LONDON, March 20 (Reuters) - Shares in European banks were battered in early trade on Monday following UBS's state-backed rescue of Credit Suisse that brought with it massive writedowns for the latter's bondholders.

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20 Mar 2023 08:53

LONDON MARKET OPEN: UBS down 15%, Credit Suisse down 60% after deal

(Alliance News) - Stock prices in London opened lower on Monday morning as the emergency takeover of beleaguered lender Credit Suisse over the weekend failed to quell market turmoil.

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20 Mar 2023 08:24

European banks battered in early trade after Credit Suisse rescue

LONDON, March 20 (Reuters) - Shares in European banks were battered in early trade on Monday following an unprecedented weekend that saw the historic state-backed rescue of Credit Suisse by UBS and a coordinated central bank effort to bolster the flow of cash around the world.

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17 Mar 2023 17:50

FTSE 100 clocks worst week in a year as bank rout fears linger

BT Group falls on delayed pricing decision

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17 Mar 2023 16:58

LONDON MARKET CLOSE: Stocks unable to shake off banking sector worries

(Alliance News) - Stocks in London closed down on Friday, and ended the week sharply lower, as markets on both sides of the Atlantic remained anxious about troubles in the banking sector.

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15 Mar 2023 11:40

Credit Suisse shares plunge as SNB rules out further support

(Sharecast News) - Shares in Credit Suisse plunged to a record low on Wednesday, after a key investor ruled out providing further capital.

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