Standard Chartered, the London-based emerging markets bank, is set to cut 1,000 senior bankers' jobs, its new chief executive Bill Winters has told staff in an internal email.
China made a fresh push for its yuan currency to be included in the International Monetary Fund's benchmark currency basket on Friday and argued that recent reforms put it closer to qualifying.
A major clampdown on tax dodging by global corporations is to be introduced by Britain over the next year as a result of a deal forged by the world's 20 wealthiest nations.
Miners have been propelled to their biggest gains for six years as Glencore slashed zinc production by a third and the bond giant Pimco called the end of the rout in global commodity prices.
BENGALURU: Marina Holdco, a company backed by private equity firm Apax Partners, has acquired 23.2% stake in RPG Group-promoted Zensar Technologies in a deal valued at Rs 863 crore.