StanChart annual profit jumps, but pushes back target on coronavirus, slowing economy
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HONG KONG/LONDON (Reuters) - Standard Chartered on Thursday said its key profit target would take longer to meet on slowing global economic growth and the coronavirus outbreak. The warning came after it posted a 46% jump in its annual profit bolstered by revenue growth in its main markets and lower costs.The bank said it would take longer to achieve its target of a 10% return on tangible equity (RoTE) previously targeted for 2021, after flagging in October that the goal had become more..