Published by
Reuters UK
Reuters UK
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) – Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, as the emerging-markets focused lender benefited from rising interest rates as central banks worldwide begin to grapple with inflation. The lender, which is focussed on Asia, Africa and the Middle East, now expects income growth this year to slightly exceed the previously guided 5-7% range, underlining how banks’ prospects are being lifted by policy rate hikes even as the global economic outlook grows murkier. While the results indicated how such hikes are ben…