In an impressive financial move, Standard Chartered, affectionately known as StanChart, has announced a record $1.5 billion share buyback. This decision comes hot on the heels of the bank's pre-tax profits soaring by an unexpected 5% to approximately $3.5 billion in the first half of this year. What does this mean for the future of this London-based bank, which derives most of its revenue from Asia?
Have you ever wondered what it takes for a corporate giant to bounce back from consecutive quarters of underwhelming performance? BP's recent financial results might just hold the answer. At the start of trade on Tuesday, BP shares experienced a stunning surge of up to 9%, before settling back with a substantial gain of around 2%. This unexpected leap came after the oil behemoth surpassed market forecasts and announced an increase in its dividend. But what exactly led to this remarkable turnaround?