StanChart's Bindra on Results, Qingdao Incident

Aug. 7 (Bloomberg) -- Jaspal Bindra, head of Standard Chartered Plc's Asian business, talks about the company's financial results, business outlook, and a lending scandal involving metal stockpiles in the port city of Qingdao in China. The London-based bank said it faces further U.S. fines over efforts to block money laundering and posted a 20 percent earnings decline on losses in Asia. Bindra speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
SABMiller Sold in Principle to AB InBev for $106 Billion
04:05 - Anheuser-Busch InBev NV agreed to buy SABMiller Plc for almost 69 billion pounds ($106 billion) to clinch a record industry deal after several rejections, creating a brewer that will account for a third of all beer sales globally. The Budweiser maker will pay 44 pounds a share in cash for a majority of the shares in its nearest competitor, the companies said in a statement Tuesday, gaining brands such as Peroni and Grolsch and giving it control of about half the industry’s profit.
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