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Podcast: Squawk Box Europe Express
Episode:

Standard Chartered's record buyback

Category: News & Politics
Duration: 00:22:00
Publish Date: 2024-07-30 06:14:33
Description:

Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector.

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