Latest in Tag: standard chartered Highlight

Latest in Tag: standard chartered

Standard Chartered plans job cull on third-quarter loss

Asia and Africa-focused British lender Standard Chartered has announced massive job cuts amid its restructuring drive. The news came as the bank reported a third-quarter loss, which executives called “disappointing.” Standard Chartered said Tuesday it would need to axe 15,000 jobs over the next couple of years to help the bank to return to profitability. …

Deutsche Welle

Dubai to sell 15-year benchmark sukuk Tuesday

Reuters – The government of Dubai plans to sell a benchmark-sized, US dollar-denominated sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5% and 5.125%, the document said. Benchmark size is traditionally understood to mean at least $500m. …

Daily News Egypt

End of Section