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While U Slept: Biz & Buz. Big 5 Business Stories Breaking Overnight. 06/28/10

June 28, 2010

STANDARD CHARTERED PREDICTS STRONG FIRST HALF Standard Chartered expects income from the first six months of the year to be flat from a year earlier, but is optimistic that the bank will see double-digit improvement over the next six months. (WSJ)

DOLLAR GAINS ON EURO, YEN FOLLOWING G20
The dollar edges up against both the euro and yen currencies, as investors react to the weekend’s meeting of the Group of 20 world economies in Toronto. (MarketWatch)

AGBANK OF CHINA EXPECTED TO PRICE SHANGHAI IPO TODAY The Agricultural Bank of China is expected to price its Shanghai IPO within range of its Hong Kong listing. Analysts say the Shanghai IPO could be the world’s largest. (Reuters)

DP WORLD POSTPONES LONDON LISTING Terminal operator DP World shelves its plans to list stocks on London’s stock exchange, citing technical problems related to the merger of the Dubai and Nasdaq stock markets. (FT)

HONDA’S CHINESE PRODUCTION TUMBLES BY 16-PERCENT IN MAY
Honda Motor Co. announces a 16-percent fall in output from its China-based firms, due in large part to the recent series of worker strikes that have plagued the company’s plants. (Reuters)

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