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Breaking News Fri, 7 Aug 2015
Standard Chartered
(photo: AP / Kin Cheung)
Standard Chartered's new boss halves dividend to shareholders
The Guardian
Bill Winters squashes rumours about HQ move as he reports 44% fall in first-half profits after bad debts in India and fraudulent loan in private bank dent results | The new boss of Standard Chartered has halved its dividend and attempted to quash speculation that the emerging markets focused bank is...
Royal Bank of Scotland share price: let's hope Rothschild is right
The Guardian
Nils Pratley | A loss on the disposal of RBS is inevitable since the privatisation price of 502p is miles away. But the size of the loss matters | As the chancellor prepared to press the button on his first sale of Royal Bank of Scotland stock, the s...
Mobile banking tipped to wipe out 600 branches
Canberra Times
The proliferation of smartphones provides banks with an unprecedented opportunity to slash overheads and boost profits and will lead to the widespread closure of branches as more customers bank on the move, a survey by investment bank UBS shows. &nbs...;
Sports
Guided tour of Greece's migrant 'hotel'
(photo: WN / Marzena J.)
Guided tour of Greece's migrant 'hotel'
BBC News
7 August 2015 Last updated at 05:05 BST | This year, more than 100,000 migrants have made it to Greece - the highest total for any EU country. | More than 10,000 of these migrants have arrived on Kos, an island with a population of just 33,000. | Some are housed in a dilapidated hotel on the outskirts of town. | James Reynolds reports. | Share this...
Business
In this photo taken July 12, 2010, traders work on the floor of the New York Stock Exchange
(photo: AP / Richard Drew)
Wall Street slumps as jobs report signals September rate hike
Sydney Morning Herald
US stocks ended lower on Friday after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September. | Wall Street took the latest signs of an improving economy as a fresh reason to sell shares in a market that has remained range-bound for much of 2015 in anticipation of the...



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