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Standard Chartered's record buyback episode artwork

Jul 30, 2024 22 min

Standard Chartered's record buyback

from Squawk Box Europe Express

Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector.

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Standard Chartered's record buyback

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This episode was published on July 30, 2024.

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