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JPMorgan plots derivatives path into new era of ESG finance

Bloomberg The world’s largest underwriter of green bonds plans to significantly expand its offering of investment products touting environmental, social and governance metrics, as Wall Street starts attaching the label to more complex financial services. JPMorgan Chase & Co says its decision to add the ESG tag to derivatives is part of a strategy to link sustainability to all forms ...

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China tech stocks fall as nation issues draft competition rules

Bloomberg China’s latest moves to tighten its grip on the nation’s internet giants helped trigger a fifth consecutive day of selling in the nation’s bellwether technology stocks. The Hang Seng Tech Index dropped 3.1%, after the market regulator issued draft rules banning unfair competition among the nation’s online platform operators. Alibaba Group Holding Ltd falls nearly 5% and was the ...

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Stocks, futures slide on virus angst; dollar gains

Bloomberg Global stocks dropped for a second day and US equity-index futures tumbled amid concern more economic shutdowns are becoming necessary to contain a fast spreading pandemic. A stronger dollar and a slide in Treasury yields underscored the risk-off mood on Tuesday as New Zealand discovered a positive case and announced a lockdown. Gold rises for a fifth day and ...

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