Standard Chartered bank reports record income, profit through May 2009, cautious on outlook

October 3rd, 2009 Official: Standard Chartered, RBS deal breaks downLONDON — An attempt by Standard Chartered to buy Asian assets of the Royal Bank of Scotland has failed due to disagreements over how much it should pay for the deal, an official briefed on the negotiations said Saturday. Standard Chartered PLC had hoped to acquire banking branches and loan books held by the Royal Bank of Scotland Group PLC in India, Malaysia and China for between $200 and $250 million, but RBS held out for more, the official said on condition of anonymity because he was not authorized to make an official statement.

September 8th, 2009 HONG KONG - A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes. Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.

August 4th, 2009 Standard Chartered announces profit, share placingLONDON — Standard Chartered PLC reported Tuesday that first-half profit rose 5.5 percent compared with a year ago even as provisions for bad loans more than doubled to more than a billion dollars. The bank also announced a share placing to raise about 1 billion pounds ($1.7 billion) to support expansion in key markets in Asia, Africa and the Middle East.

August 4th, 2009 Standard Chartered bank H1 profit up 5.5 pctLONDON — Standard Chartered PLC reported Tuesday that first-half profit rose 5.5 percent compared with a year ago even as provisions for bad loans more than doubled to over a billion dollars. The bank also announced a share placing to raise about 1 billion pounds ($1.7 billion) to support expansion in key markets in Asia, Africa and the Middle East.

July 31st, 2009 Nicor affirms 2009 profit outlookNAPERVILLE, Ill. — Nicor on Friday affirmed its 2009 profit outlook, saying it is starting to see the positive effect of higher rates in its natural gas distribution business.

July 30th, 2009 Xcel reaffirms 2009 profit outlookMINNEAPOLIS — Power company Xcel Energy on Thursday reaffirmed its 2009 profit outlook as rate increases in several states have helped offset lower demand for electricity caused by the recession. Xcel said it expects to make $1.45 to $1.55 per share.

July 30th, 2009 CMS Energy reaffirms 2009 outlookJACKSON, Mich. — Power company CMS Energy on Thursday reaffirmed its adjusted profit outlook for 2009 of $1.25 per share.

July 30th, 2009 KOLKATA - State-owned UCO Bank posted a net profit of Rs.178.85 crore for the quarter ended June 30, compared to Rs.133.44 crore for the first quarter of the previous year. "Total income has increased from Rs.19,991.60 million (Rs.1,999.16 crore) for the quarter ended June 30, 2008 to Rs.25,836.80 million (Rs.2,583.68 crore) for the quarter ended June 30, 2009," the bank said in a statement Thursday.

July 21st, 2009 Nordea posts 11 pct drop in 2Q net, raises outlookSTOCKHOLM — The Nordic region's biggest financial group, Nordea Bank AB, on Tuesday reported an 11 percent drop in second-quarter net profit, mainly due to higher loan losses and staff costs, but raised its full-year outlook. Net profit in the quarter fell to euro616 million ($874 million), down from euro692 million in the same quarter last year.

July 18th, 2009 KOLKATA - State-run Allahabad Bank posted a net profit of Rs.302.86 crore (Rs.3.02 billion) for the first quarter of 2009 as compared to Rs.93.36 crore for the same period last year, a top company official said here Saturday. The net profit was up by 224 percent due to higher investment trading profit of Rs.214 crore, up from Rs.32.2 crore a year ago.

July 10th, 2009 BANGALORE - Infosys Technologies Ltd posted a net profit of Rs.15.27 billion (Rs.1,527 crore) in the first quarter (April-June) of this fiscal (2009-10), registering 17.3 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Friday, the IT bellwether said the consolidated income for the quarter (Q1) under review is Rs.54.72 billion (Rs.5,472 crore), which is an increase of 12.7 percent YoY as the per the Indian accounting standard.

April 30th, 2009 Silgan Holdings expects lower 2Q earningsSTAMFORD, Conn. — Silgan Holdings Inc., a packaging manufacturer, on Thursday backed its full-year profit outlook and forecast lower second-quarter profit.

April 24th, 2009 Oil rig builder Keppel says 1Q profit rises 9 pctSINGAPORE — Singapore's Keppel Corp., the world's largest builder of offshore oil rigs, said first quarter net profit rose 9 percent from a year earlier as rig income grew. Keppel reported late Thursday a net profit of 285 million Singapore dollars ($190 million) for the three months ended March 31, compared with S$262 million a year earlier.

April 22nd, 2009 BANGALORE - Wipro Ltd posted a net profit of Rs.38.99 billion (Rs.3,899 crore) for fiscal 2008-09, registering 19 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing to the stock exchanges, the IT bellwether said Wednesday its consolidated revenue for the fiscal under review (FY 2009) was Rs.255.44 billion (Rs.25,544 crore), posting 28 percent YoY growth under the Indian accounting standard.

April 15th, 2009 BANGALORE - Infosys Technologies Ltd posted a consolidated net profit of Rs.59.88 billion (Rs.5,988 crore) for fiscal 2008-09, registering 28.5 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated income for the fiscal year under review (FY 2009) was Rs.216.93 billion (Rs.21,693 crore), posting 30 percent YoY growth under the Indian accounting standard.