Moving HQ to Singapore makes sense for Standard Chartered: Aberdeen’s Young
SINGAPORE (Reuters) – Standard Chartered has a strong business case to move its headquarters from London to Singapore and save millions in taxes as, unlike HSBC , it doesn’t have a banking network in the UK, Aberdeen Asset Management said.
BNP executive tipped as front-runner to head Bank of France
PARIS (Reuters) – Top BNP Paribas banker Francois Villeroy de Galhau emerged as a possible candidate to replace the retiring governor of the Bank of France on Tuesday as he was named to lead a new state-sponsored investment drive.
Aberdeen, Blackrock flag risks in frothy Chinese stock markets
SINGAPORE (Reuters) – Aberdeen Asset Management’s head of Asian operations warned on Tuesday that Chinese money was moving “a bit like a casino” in domestic stock markets, while BlackRock called on China to reform its capital markets further to avert b…
Upbeat earnings lift stocks, Greek anxiety hits euro
LONDON (Reuters) – World stocks climbed back toward all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default.
ECB staff have proposal to tighten Greek use of emergency funding: Bloomberg
FRANKFURT (Reuters) – European Central Bank staff have prepared a proposal to increase the haircut on the security that Greek banks offer in return for emergency liquidity, Bloomberg reported on Tuesday, citing people with knowledge of the discussions….
China needs more reform to avert ‘boom bust’ market scenarios: BlackRock
SINGAPORE (Reuters) – The chief executive of BlackRock Inc , the world’s largest money manager, said on Tuesday that China will need to continue to reform its capital markets to avert what he called boom and bust scenarios.
Iran wants OPEC to pave way for its extra oil production when sanctions lifted
ANKARA (Reuters) – Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran’s oil minister was quoted on Tuesday by state news agency IRN…
With a prince’s backing, James Murdoch may soon ascend at Fox
(Reuters) – Saudi Arabia’s Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox, by far the largest part of the media empire that James’ father Rupert Murdoch built.
Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed
(Reuters) – Hints that U.S. regulators could veto Comcast Corp’s proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.
Inflation goal may be too low, says Fed’s Rosengren: FT
(Reuters) – Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Fin…
