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Standard Chartered profit misses estimates on revenue drop

  AFP Standard Chartered Plc reported third-quarter profit that fell short of analyst estimates as revenue declined at all four of its divisions. Adjusted pretax profit was $458 million compared with a loss of $139 million a year earlier, the London-based lender said in a statement on Tuesday. That missed the $520 million average estimate of six analysts surveyed by ...

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Barclays’s 25% UK office space cut signals glut threat

  Bloomberg Barclays Plc’s decision to cut 25 percent of its London office space highlights the growing risk that tenants will be in short supply for developers of buildings being constructed. The lender is seeking to sublease offices in the Canary Wharf financial district to the UK government, according to two people with knowledge of the matter. They asked not ...

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Indonesia Central Bank chief faces graft charges

  Bloomberg Indonesia’s central bank Governor Agus Martowardojo was questioned by the nation’s anti-corruption agency as a witness in a probe relating to a government contract that was awarded during his time as finance minister. Martowardojo appeared at the offices of the agency known as KPK on Tuesday, Andiwiana Septonarwanto, deputy director of communications at Bank Indonesia, said in a ...

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