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      Standard in £1.78bn rights issue


      banking group standard chartered has announced plans to remaise Â1.78bn ($2.66bn) through a share issue .
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      standard's shares declined 6.9% following the announcement .
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      standard, which is uk-based but gains 90% of its profits from asia, africa and the middle east, said the move would strengthen its balance sheet .
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      Generated 2008-11-26_12:48





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