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Standard Chartered

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AI Dominates 2026 FT Business Book Shortlist as Three Titles Focus on Tech Risks
business11 days ago

AI Dominates 2026 FT Business Book Shortlist as Three Titles Focus on Tech Risks

The Financial Times and Standard Chartered have announced the six-book shortlist for their 2026 Business Book of the Year Award, with artificial intelligence dominating the selection. Three of the six finalists address AI as a general tool, a military weapon, and a forecasting mechanism. The award, now in its 22nd edition, offers a £30,000 prize to the winner and £10,000 to each shortlisted author. The ceremony will take place in London on December 2, coinciding with the Bracken Prize for Young Authors. Notably, five of the last six winners have focused on technology, reflecting a sustained trend in business publishing.

via Financial Times|
#artificial-intelligence#book-awards#business
Middle East Export Recovery Fails to Offset Structural Price Floor
energy17 days ago

Middle East Export Recovery Fails to Offset Structural Price Floor

Oil prices retreated on Tuesday as Middle Eastern crude exports rebounded to 15.5 million barrels per day, yet Standard Chartered raised its 2026-2027 forecasts, citing persistent geopolitical instability and thin supply buffers. While Saudi Arabia restored pipeline flows, diesel prices hit record highs, prompting potential U.S. policy interventions.

via Crude Oil Prices Today | OilPrice.com|
#diesel-shortage#energy#oil-prices
Ethereum Poised to Outperform Bitcoin as BTC Drops, Says Standard Chartered
markets4 months ago

Ethereum Poised to Outperform Bitcoin as BTC Drops, Says Standard Chartered

Standard Chartered analyst Geoff Kendrick argues that Strategy's $2.5 million BTC sale marked a turning point, as Ethereum outpaced Bitcoin during BTC’s slide and appears undervalued relative to improving network metrics. Kendrick believes BTC’s waning dominance could lift ETH, aided by Ethereum’s staking rewards and growing Wall Street interest in stablecoins and tokenization, with a year-end ETH target near $4,000 and a long-run view toward $40,000 domestically. The analysis highlights differences in business models for ETH- vs BTC-buying firms and suggests an “alt-season” dynamic may re-emerge as Ethereum benefits from on-chain fundamentals despite Bitcoin’s price weakness.

via Decrypt|
#bitcoin#eth-btc-ratio#ethereum
Standard Chartered chief apologizes after 'lower value human capital' AI remark
business4 months ago

Standard Chartered chief apologizes after 'lower value human capital' AI remark

Standard Chartered CEO Bill Winters apologized after saying employees whose roles are at risk from automation are 'lower value human capital' during a conference on AI-driven changes. The bank expects back-office roles to fall by about 15% over four years (around 7,800 positions) and says it will help staff transition into higher-value roles. Winters later provided clarifications on LinkedIn, stressing the commitment to supporting staff through rapid change, though some colleagues criticized the wording.

via BBC|
#ai#automation#business
StanChart charts leaner path: 15% corporate-role cut by 2030 to lift returns
business5 months ago

StanChart charts leaner path: 15% corporate-role cut by 2030 to lift returns

Standard Chartered will cut more than 15% of its corporate-function roles by 2030 to lift income per employee about 20% by 2028 and target ROE of ~15% in 2028 and ~18% in 2030. Of ~82,000 employees, about 52,000 work in support roles. CEO Bill Winters says the move funds sustainable growth and higher-quality returns; Jefferies calls the targets conservative. The bank recently posted a 17% profit rise but took a $190 million charge tied to Middle East conflict and is expanding Middle East trade, along with a new $300 million IFC-backed risk-sharing facility to bolster Africa’s supply chains.

via CNBC|
#business#corporate-functions#cost-cutting
AI-driven overhaul prompts Standard Chartered to trim nearly 8,000 jobs
business5 months ago

AI-driven overhaul prompts Standard Chartered to trim nearly 8,000 jobs

Standard Chartered plans to cut almost 8,000 jobs—more than 15% of its back-office staff by 2030—as it places AI at the center of a new growth strategy, describing the move as replacing lower-value human work with capital and training to redeploy staff, while targeting higher returns, more income per employee, and a larger dividend, alongside leadership changes and investor-day highlights.

via Financial Times|
#ai#automation#banking
Bitcoin’s Bear Bottom Remains Ahead, CryptoQuant Says Around $55K
business8 months ago

Bitcoin’s Bear Bottom Remains Ahead, CryptoQuant Says Around $55K

Bitcoin has plunged about 45% from its October peak and CryptoQuant argues its ultimate bear-market bottom is around $55,000, a level tied to the realized price that has historically provided strong support in bear markets. The firm notes the market is in a bear phase but not in the extreme bear zone, implying the bottom may take months to form and could hover near that level. Other forecasts, like Standard Chartered’s, anticipate near-term downside toward $50,000 before a rebound toward $100,000 later in 2026, with BTC trading around $69,700 at the time of the report.

via Decrypt|
#bear-market#bitcoin#business
Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside
energy8 months ago

Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside

Oil prices rose to about $70 Brent on heightened Iran-related risk, while Standard Chartered argues the bearish glut narrative is fading as 2026 demand forecasts are revised higher; the IEA projects modest growth for 2026, U.S. shale growth may slow on weak prices, and gas markets rally on Arctic weather with LNG capacity expansion looming.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#iea
Bitcoin's Bullish Future: Analysts Predict Major Price Surges by 2025
finance1 year ago

Bitcoin's Bullish Future: Analysts Predict Major Price Surges by 2025

Standard Chartered predicts Bitcoin could reach $200,000 by the end of 2025, driven by strong institutional inflows and increased adoption by traditional financial institutions. Geoffrey Kendrick notes that institutional demand has already pushed Bitcoin past $100,000, with significant purchases from U.S. spot ETFs and companies like MicroStrategy. The report highlights the potential impact of U.S. retirement and sovereign wealth funds, with regulatory changes expected to facilitate greater participation from traditional finance.

via Benzinga|
#bitcoin#cryptocurrency#finance