The European largest food retailer Carrefour has announced that it would increase its 2022 cost saving targets and is confident in the second half of the year.
On July 28, at 12:30 GMT, the United States Bureau of Economic Analysis published the US quarterly Advance GDP data for the second quarter of 2022. The market consensus for the GDP was at 0.4% growth. The actual data revealed a decline of -0.9%.
A report published by Reuters on Wednesday has highlighted that, despite soaring inflation, consumer-focused companies are experiencing no decrease in demand.
The quarterly results of T-Mobile have revealed that the company had succeeded in its strategy at lowering subscription fees and increasing subscriber count.
The parent company of Tata Motors, JLR, announced this week that it expects sales to increase, as the chip shortage eases.
This week, Kraft Heinz revealed that the company's profit margins had been decreased by an ongoing surge in costs.
The US Federal Reserve has just hiked its Federal Funds Rate by 0.75%, which was expected by the markets. In addition, the Federal Open Market Committee has issued its monetary policy statement.
At the start of US trading, the stock prices for Intel, NVidia and AMD jumped. The move was caused by the US Senate advancing a $280 billion law that would subsidize the industry.
The United Parcel Service revealed on Tuesday that it had beaten its quarterly profit estimates, as higher paying customers offset a decline in e-commerce deliveries.
The European Central Bank has published a study, which revealed that various climate risks might impact the Euro Zone's economy.
Reuters revealed this week that US liquefied natural gas exports to the European Union have been growing at a faster pace than it had been promised by the US President Joe Biden.
This week, Unilever increased its sales guidance, as higher prices have been helping the company in beating previous forecasts.
The Swiss bank UBS has announced smaller than forecast quarterly profits, as revenues had declined by 14%.
The Swiss private bank Julius Baer revealed on Monday that its stockholder profits decreased by 26% in the first half of 2022.
This week, Kuehne Nahel announced that the company had increased its quarterly profits by 79% despite ongoing struggles with global supply chains.
On Monday, Ryanair revealed that the company had made a profit of 170 million Euros during the period from April up to June.
Philips announced this week that the company had suffered larger than expected losses during the second quarter of 2022. The news caused a stock sell off.
Reuters has revealed that a recent reshuffle of the board of the Bank of Japan had brought in more hawkish members.
Schindler has announced that the company would reduce its 2022 earnings forecasts due to a slowdown in China.
Reuters has reported that due to building up stockpiles Target has been pressuring vendors to take up a portion of transportation costs.
On Friday, the German government bailed out Uniper with a total of 15 billion Euro by providing guarantees and equity.
Honda has announced that the company would decrease its Japanese plant output by 30%, as it lacks supplies.
Moody's has decreased its credit rating for Telecom Italia, which has caused a sell off of the company's shares and bonds.
The US mining company has announced that it had made less than estimated quarterly profits, as metal's prices had decreased during the April-June period.