This week, Maersk announced that freight rates are expected to remain high due to large shipping volumes and tied up capacity outside of ports.
US month-on-month inflation was revealed to be higher than forecast, as the CPI came in at 0.6% instead of 0.4% The value of the US Dollar immediately surged, as the higher than expected inflation strengthened the case of the US Federal Reserve for monetary tightening.
Equinor revealed this week that the Norwegian energy company would pay out $10 billion in dividends, as the company reported record quarterly profits.
Farm commodity trader Bunge announced this week that the company had experienced a 17.10% rise in profits. The news sent the company's stock price surging.
On Wednesday, Honda announced that the company would increase its full year forecast by 21.00%. The company's stock price started a surge, as the news were announced.
This week, the stock price of ABN Amro declined, as the company announced share buybacks and higher than forecast profits. The markets took in the news negatively.
The National Federation of Independent Business revealed this week that small business confidence reached a 11-month low level in January.
This week, the European Commission issued new rules, which would allow the EU members to provide funding to new chip factories. In total, 15 billion EUR could be provided to the industry by 2030.
At the start of this week, the US Securities and Exchanges Commission sent a subpoena to Tesla over a 2018 settlement.
BP revealed this week that the company's profits had hit an eight year high, as the company made $12.8 billion in profit in 2021.
This week, Volvo Cars announced that the company would invest $1.1 billion in switching a Swedish plant to the production of electric vehicles.
At the start of Tuesday's US trading hours, the stock price of Alibaba jumped by more than 5.00%. The surge occurred before the company was set to announce its quarterly results.
This week, Reuters reported that Chevron had requested the permission of US government to take Venezuelan oil cargo as payment for unpaid debt.
European Union regulators revealed this week that immediate action would be needed to update consumer protection of cross-border financial services due to the recent impact on finance from big tech.
European Central Bank policymaker Martins Kazaks revealed to Reuters this week that an ECB rate hike is unlikely to occur in July.
This week, PriceRunner sued Google for 2.1 billion Euros on allegations of search result manipulation.
Most recently, the Russian Rouble has recovered to a three week high level against the US Dollar. The surge was attributed to the French President Emmanuel Macron visiting Russia.
On Monday, Tyson Foods revealed its quarterly earnings to be at $2.87 per share, compared to the estimate of $1.93. The stock price reacted to the news with a 11.21% surge.
On Monday, Dolce & Gabbana announced that the company would take its perfume and cosmetics business in-house.
DP World reported on Monday that the port giant had observed a 9.4% increase in container volumes in 2021.
On Monday, the US government called for concrete action from China to meet its Phase 1 purchase commitments.
During Monday's Asian trading hours, the value of the US Dollar recovered from recent losses. The recovery was attributed to better than expected US employment data.
This week, Ralph Lauren announced that the company would raise its annual revenue forecast due to a higher than expected demand for luxury goods.
Hershey Company announced this week that it expects its annual profits to be above previous forecasts due to price increases that were caused by high inflation.