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Standard Chartered's record buyback
Manage episode 431400315 series 2876583
Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1398 episodes
Manage episode 431400315 series 2876583
Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1398 episodes
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