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Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out modest growth forecasts that will concern investors amid worries about global banks' exposure to China.
The currency continues to hover close to its lowest-ever level on elevated pressure from expectations of a US Fed rate change and sustained weakness in China’s economy.
Standard Chartered on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders with a $1 billion share buyback and a jump in dividend.
There are 82 chaebols in South Korea as of 2023. These are conglomerates that are usually run by one single family, with total assets that exceed 5 trillion Korean won ($3.69 billion).
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
TOKYO -- The Nikkei Stock Average recorded an all-time high after 34 years on Thursday, with stock prices of 142 companies having increased more than tenfold in that time -- supported more recently by foreign investors cashing in on small businesses and betting on company founders with outsize ambitions.
Hello everyone, this is Cissy from Hong Kong. I just got back to the city from mainland China, where I spent more than a week celebrating the Lunar New Year.
