atans1

Where’s the cheers for Temasek?

In Temasek on 04/08/2012 at 3:20 pm

It got 19% of StanChart in its portfolio.

Bucking the industry trend of weak earnings, the British bank Standard Chartered reported on Wednesday that its net income rose 11.3 percent in the first half of the year on strength in Asia and other emerging markets.

While many of its peers, like Deutsche Bank and Barclays, are scaling back their operations after the global financial crisis, Standard Chartered said it planned to increase its presence in Asia, Africa and the Middle East …

… said that it would open more branches in countries with fast-growing economies, like China and India, and that it was looking to exploit the decrease in its competitors’ trading activity.

http://dealbook.nytimes.com/2012/08/01/standard-chartered-profit-rises-11-in-first-half/?nl=business&emc=edit_dlbkpm_20120801

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