LONDON: Standard Chartered Plc (StanChart), which makes about three quarters of its earnings in Asia, said first-half profit fell 20 per cent on losses in South Korea and declining revenue from financial markets. Adjusted pre-tax profit fell to US$3.3 billion (RM10.56 billion) from US$4.1 billion in the year-earlier period, it said. The bank left its dividend unchanged at 28.80 cents a share. This comes at a time when chief executive officer Peter Sands, 52, is under pressure to show he can navigate faltering economic expansion across Asia. Bloomberg
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