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Standard Chartered Beats With Cost Cuts as Trade Tensions Simmer

  • Lender voiced concerns on escalating U.S. and China tensions
  • Bank’s pretax profit for the half beat analyst estimates
A Standard Chartered Plc bank branch in Hong Kong.

A Standard Chartered Plc bank branch in Hong Kong.

Photographer: Paul Yeung/Bloomberg
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Standard Chartered Plc shares jumped as cost cuts helped the bank beat earnings estimates, helping to allay growing concerns that U.S.-China tensions are clouding the business outlook at the emerging-markets lender.