• Home
  • Introduction
  • Advantage
  • Investing Process
  • Service
  • News
  • Contact Us
  • Communication
  • Facebook
  • Linkedin
  • China@tanikawa.com
  • 0086-21-68911976
  • Home > News > Details
    What's news
    2015-11-04

    Around the world

    StanChart plans to cut 15,000 jobs, raise $5.1b

    Standard Chartered Plc said it will cut 15,000 jobs and raise 3.3 billion pounds ($5.1 billion) in a rights issue as CEO Bill Winters struggles to revive a lender that halved in value over the past two years. The bank pledged a "cost rationalization" of $2.9 billion by 2018 and said it will restructure or exit $100 billion of assets. Standard Chartered's shares plunged as much as 6.2 percent in Hong Kong after the announcements, extending this year's decline to 31 percent.

    Visa buys former arm for up to $23.4 billion

    Visa will buy the European company that offers credit cards under the same brand name in a deal that could be worth as much as $23.4 billion. The acquisition of Visa Europe comes about eight years after the two entities split in connection with the US-based credit card company's initial public offering.

    Alcoa cuts aluminum output on low prices

    Alcoa Inc, the largest United States aluminum producer, stepped up efforts to close higher-cost smelting and refining capacity as a global glut batters the price of the metal. The New York-based company will reduce smelting capacity by 503,000 metric tons and alumina refining by 1.2 million tons, it said on Monday in a statement. The measures will be completed by the end of next quarter. About 1,500 jobs probably will be lost.

    S P may cut credit grades of 8 US lenders

    JPMorgan Chase Co, Bank of America Corp and Citigroup Inc are among eight large United States banks that may have credit grades cut by Standard Poor's on the prospect that the US government is less likely to provide aid in a crisis. The companies had senior unsecured and non-deferrable subordinated debt ratings placed on negative credit watch, S P said on Monday.

    UBS profit more than doubles on low costs

    UBS Group AG's net income for the third quarter more than doubled as the Swiss bank took a tax credit and set aside fewer provisions for legal probes, helping its investment bank swing into a profit. It postponed next year's profitability target. Net income rose to 2.07 billion Swiss francs ($2.1 billion) in the three months through September from 762 million francs a year ago, UBS said.

    China Daily - Reuters - Bloomberg - Xinhua

    (China Daily USA 11/04/2015 page14)

    © Copyright 2017 Invest in Zhangjiakou
  • facebook
  • linkedin
  • email
  • tel
    0086-21-68911976
  • more
  • Share