AL WATHBA/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited poet Saif …
Read More »Standard Chartered plunges 10% as ANZ sounds alarm
Bloomberg Standard Chartered Plc dropped the most in a month as oil fell and Australia & New Zealand (ANZ) Banking Group Ltd. warned plunging resource prices had pushed up bad debts, renewing concern that the British lender may face more pain from its own commodity loans. ANZ, which has Australia’s biggest exposure to commodities, said provisions for bad debts would …
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