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StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

HONG KONG, May 19 (Reuters) - Standard Chartered on Tuesday raised its return target to more than 15% in 2028 and said it plans to cut its corporate function roles by about 15% by 2030.
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Standard Chartered names Manus Costello as permanent CFO

Standard Chartered names Manus Costello as permanent CFO

May 18 (Reuters) - Standard Chartered on Monday appointed Manus Costello as its permanent chief financial officer, succeeding Diego De Giorgi, who resigned in February after nearly three years with the bank.
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StanChart's Winters faces test on growth strategy after long turnaround

StanChart's Winters faces test on growth strategy after long turnaround

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered CEO Bill Winters faces a key test on Tuesday to convince investors the bank can build on its long turnaround and deliver stronger growth, even as geopolitical uncertainty clouds the outlook for some of its key markets.
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Iran war saddles global companies with $25 billion bill - and counting

Iran war saddles global companies with $25 billion bill - and counting

By Medha Singh, Deborah Mary Sophia and Bernadette Hogg May 18 (Reuters) - The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.
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Citi partners with BlackRock's HPS for $17.5 billion private credit program

Citi partners with BlackRock's HPS for $17.5 billion private credit program

May 18 (Reuters) - U.S. banking giant Citigroup and BlackRock's HPS Investment Partners have partnered on a 15 billion euro ($17.48 billion) private credit program to expand direct lending across the EMEA region, the companies said on Monday.
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Global centres in India slow hiring as AI reshapes work, ANSR CEO says

Global centres in India slow hiring as AI reshapes work, ANSR CEO says

By Haripriya Suresh and Shivansh Tiwary BENGALURU, May 18 (Reuters) - Global capability centres in India are being measured while hiring as companies are wary about the impact of geopolitical uncertainties and growing AI adoption, the CEO of ANSR, which helps firms build and run global centres, said
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AI Startup Cursor Plans Major Hiring Spree in Asia-Pacific Region

AI Startup Cursor Plans Major Hiring Spree in Asia-Pacific Region

AI Startup Cursor Plans Major Hiring Spree in Asia-Pacific Region
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Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability by 2030

Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability by 2030

Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability by 2030
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Anthropic to brief global financial watchdog on cyber flaws exposed by Mythos, FT reports

Anthropic to brief global financial watchdog on cyber flaws exposed by Mythos, FT reports

May 18 (Reuters) - Artificial intelligence startup Anthropic is set to brief the Financial Stability Board (FSB) on cyber vulnerabilities in the global financial system identified by its latest AI model, Mythos, the Financial Times reported on Monday, citing people familiar with the plan. 
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IKEA franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls

IKEA franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls

By Helen Reid LONDON, May 18 (Reuters) - Inter IKEA, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls and the blue big-box retailer works to become more efficient and bring down prices.
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Hyundai Motor Group Signs MoU to Develop Hydrogen Ecosystem in Hong Kong by 2030

Hyundai Motor Group Signs MoU to Develop Hydrogen Ecosystem in Hong Kong by 2030

Hyundai Motor Group has entered into a memorandum of understanding (MoU) with nine partners from Korea, Hong Kong, the Chinese Mainland, and France to establish a hydrogen ecosystem in Hong Kong by the end of 2030. This agreement was formalized at the International Hydrogen Development Symposium on May 18, 2026, and includes an intergovernmental MoU between Korea and Hong Kong. The initiative aims to cover various aspects of hydrogen infrastructure, including waste-to-hydrogen production from landfill gas, the establishment of hydrogen refueling stations, and the deployment of fuel cell buses. The systems for these operations will be provided by HTWO Guangzhou, Hyundai's first overseas fuel cell facility. The project aligns with Hong Kong's 2024 Hydrogen Roadmap, which supports the city's Climate Action Plan 2050 carbon neutrality target. The project site is expected to be confirmed in 2027, with subsequent facility design.
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Trump says ISIS second-in-command Abu-Bilal al-Minuki killed by US and Nigerian forces

Trump says ISIS second-in-command Abu-Bilal al-Minuki killed by US and Nigerian forces

May 15 (Reuters) - U.S. President Donald Trump said on Friday that Abu-Bilal al-Minuki, second in command of ISIS globally, was killed in an operation conducted by U.S. and Nigerian forces.