Chartered

China’s EV sector is ‘absolutely booming,’ Standard Chartered CEO says

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A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty Images China’s economic recovery story has been a largely disappointing one, but the economic powerhouse is seeing stellar growth in one particular sector, said Standard Chartered’s Bill Winters. “Electric vehicles and everything around sustainability and … Read more

Standard Chartered shares slide 12% as China losses hit earnings

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Standard Chartered shares slid Thursday as the bank’s big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade. The stock was around 10% lower by 11:15 a.m. London time. The U.K.-headquartered … Read more