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JPMorgan

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U.S. company profits even bigger than Wall Street's lofty targets

By Caroline Valetkevitch NEW YORK, Aug 3 (Reuters) - Much stronger-than-expected profit reports from U.S. companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look versus last year. Earnings are now expected to have climbed about 90% in the second quarter versus analysts' forecast
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France's BNP bolsters profit as state softens pandemic blow

* European banks cash in on state support for borrowers * Top French lender joins peers to set aside less for bad loans * Net income up 26.6% in 2nd quarter By Matthieu Protard and John O'Donnell PARIS, July 30 (Reuters) - France's biggest listed lender BNP Paribas BNPP.PA joined rivals to slash provisions for unpaid loans, as they cashed in on unp
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China's efforts to calm investor jitters help markets rebound

HONG KONG/BEIJING, July 29 (Reuters) - China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to "overinterpret" its latest regulatory actions, setting the stage for a rebound in beaten-down stocks on Thursday. Chinese state media also joined in to say yuan-denominated assets i
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China's efforts to calm investor jitters help markets rebound

(Corrects pronoun for Wang to 'she', not 'he', in third-last paragraph) HONG KONG/BEIJING, July 29 (Reuters) - China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to "overinterpret" its latest regulatory actions, setting the stage for a rebound in beaten-down stocks on Thurs
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For most emerging market central banks, the only way is up

By Marc Jones LONDON, July 21 (Reuters) - While top central banks such as the Federal Reserve, the ECB and the Bank of Japan may be sitting on their hands as inflation rises, many of their peers in the big developing economies aren't taking any chances. Brazil and Russia have already raised interest rates three times this year. China had been in ti
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