Friday, 29th, 2024 | 2:25AM Updated

A view of the exterior of the JPMorgan Chase & Co corporate headquarters in New York
JPMorgan edges closer to leaving pandemic behind, its earnings show

JPMorgan Chase & Co beat analysts’ profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S.
IMF lowers global growth outlook as supply bottlenecks hobble pandemic recovery

Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major industrial powers.

The congested Port of Los Angeles is shown in San Pedro, California, U.S.
"There will be things that people can't get," at Christmas, White House warns

White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season.

The Boeing logo is seen on the world headquarters office building in Chicago
With climate clock ticking, companies scramble to set green targets

Hundreds of companies around the world have promised to cut carbon emissions, but the deadlines they have set are years away and it is hard to tell if it is enough.

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China's ENN agrees to buy LNG from U.S. Cheniere in long-term deal

Chinese natural gas distribution company ENN Natural Gas Co Ltd said on Monday it signed a 13-year deal to buy liquefied natural gas (LNG) from U.S. LNG company Cheniere Energy Inc beginning in July 2022.

Pipelines run to Enbridge Inc.'s crude oil storage tanks at their tank farm in Cushing,
Oil settles up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China.

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken
JPMorgan's Dimon blasts bitcoin as 'worthless', due for regulation

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."

Chinese President Xi Jinping speaks via video link at the opening ceremony of the 2021 China International Fair for Trade in Services (CIFTIS) held in Beijing, at a restaurant in Shanghai, China
Xi Jinping inspects ties between Chinese financial companies and private firms - WSJ

Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported https://www.wsj.com/articles/xi-jinping-scrutinizes-chinese-financial-institutions-ties-with-private-firms-11633972484?mod=djemalertNEWS on Monday, citing people with knowledge of the plan.

An exterior view of the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China,
China's bond markets slump again as new Evergrande deadline passes

Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines.

A man walks past a No Entry traffic sign near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China
Evergrande creditors fear imminent default as concerns shake sector

China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information and transparency from the cash-strapped property developer, their advisers said.

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma,
Oil rises 4% in week as energy crunch shows no signs of easing

Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted U.S. prices to their highest in almost seven years as big power users struggle to meet demand.

The China Evergrande Centre building sign is seen in Hong Kong, China,
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan

Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.

Changpeng Zhao, CEO of Binance, speaks at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta
Crypto exchange Binance says Ireland is part of its HQ plans

Major cryptocurrency exchange Binance sees Ireland as part of its plans to establish a number of headquarters across the world, its CEO told Reuters on Thursday.

The China Evergrande Centre building sign is seen in Hong Kong, China,
Analysis-Asian high-yield bond issuers feel Evergrande pain as investors eye better protection

Global investors will probably demand more protection from riskier bond issuers in China and Asia by seeking higher returns and more transparency as a result of Evergrande Group's financial woes.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S.,
Analysis-Buying the dip? Not so fast, some Wall St banks say

Scooping up stocks after pullbacks has been a winning bet for investors over the past decade but some Wall Street strategists are pointing to a multitude of risks that could come with jumping into equities after their latest tumble.

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