Americas

Reporting on earnings for a chaotic second quarter, JPMorgan set a dulcet tone for bank earnings season, showing steady rise on profits in all but two of the banks’ units, and with group profit down only $90m from June last year.

South American sovereign Uruguay raised $1.147bn of bonds on Wednesday via a tap of its 2027s and 2050s in the longest maturity EM sovereign bond sale of the year.

OpenDoor Trading has completed a second investment round as it stays on course for a fourth quarter launch. The firm aims not only to help revive liquidity in the US Treasury market but also to become the first US bond trading platform both majority owned and controlled by women.

New deals from Turkey’s Yapi Kredi, Majid Al Futtaim, and Russia’s State Transport Leasing Company this week prove that CEEMEA has finally shaken off any Brexit-related concerns and is now revelling in its apparent ‘safe haven’ status.

Chinese logistics firm ZTO Express is seeking approval for an IPO in the US that could raise up to $2bn, according to a source familiar with the matter.

Mexican state owned oil company Pemex is expecting to price a 10 year Samurai bond on Friday morning Japan-time in what would be its first yen-denominated deal since 2008.

The latest $1.25bn underwritten loan for the UK’s Melrose may look like a Brexit-defying success. But in reality, the firm is a lender’s darling and this doesn’t necessarily mean the gates are open wide for all UK loans.

Regulators have failed to consider the data challenges of their plans to impose margin on uncleared swaps, threatening a “tidal wave of new documents”, said D2 Legal Technology, a consulting firm specialising in legal and regulatory data management.

The Chicago Board Options Exchange will start listing Monday-expiring ‘Weeklys’ options on the S&P 500 index from August, taking the number of SPX expiries it offers each week to three.

Data firms IHS and Markit completed their merger on Tuesday, after shareholders agreed terms for a deal worth $13bn in which bond, loan and derivative services are key areas of focus.

Nasdaq-listed China XD Plastics Co has launched a $180m two year financing into senior syndication via a single mandated lead arranger and bookrunner.

Argentine pulp and paper company Celulosa Argentina has announced initial price thoughts of 10% area for a $200m seven year non-call four senior unsecured bond as it eyes a debut cross-border transaction.