AccessMyLibraryBrowseAAccountancy AgeDEC-05 Finance week - Company reports. Zimbabwe currency hits Standard Chartered as LSE takes offence at 'derisory' share bid from Macquarie.
Finance week - Company reports. Zimbabwe currency hits Standard Chartered as LSE takes offence at 'derisory' share bid from Macquarie.
Publication: Accountancy Age
Publication Date: 15-DEC-05
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Banking group Standard Chartered is planning to book a $40m ([pounds sterling]22.8m) impairment charge into its accounts because of the worsening economic environment in Zimbabwe. Releasing a pre-close trading update, Standard Chartered said the currency rate in the African country was depreciating and that inflation levels had exceeded...
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