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Bank Negara Malaysia likely to hold OPR steady at 3%, says StanChart

Bank Negara Malaysia likely to hold OPR steady at 3%, says StanChart
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London open: Stocks rise as StanChart, Smurfit rally

London stocks rose in early trade on Thursday, helped along by solid performances from the likes of Standard Chartered and Smurfit Kappa, as investors mulled the latest policy announcement from the Federal Reserve.

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Standard Chartered reports 5% rise in profit on strong business activity, currency positions

‘Business performance was strong and broad-based across our segments, products and markets,’ CEO Bill Winters said.

Standard Chartered Q1 profit rises 5 5%, beats estimates

HONG KONG/LONDON (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a surge in credit losses. The bank, which makes the bulk of its revenue and profits in Asia, saw profit at its investment banking unit climb 13% in the quarter. Crucially, the bank grew fee-based revenues from markets and wealth management in particular, a key target for it and rivals as interest rates worldwide peak and cap the boost they have recently received from lending-based income.

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Thursday preview: Euro area factory PMIs, StanChart in focus

Investors' attention on Thursday will be on a raft of factory sector purchasing managers' surveys due out in the euro area.

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