This week, the European Central Bank is hosting its annual central bank forum in Sintra, Portugal. Market participants look forward to clues on future monetary policy.
The Swiss Federal Crime Court has convicted Credit Suisse for failing to prevent money-laundering, as a former employee did not prevent a cocaine trafficking gang of laundering its profits.
Due to a lack of employees, United States Airlines have cancelled nearly 700 flights. The companies are expected to miss the ongoing surge in demand, as it would not be possible to offer flights.
In May, home sales in the United States increased by 0.7%, after previously declining for six consecutive months.
On Monday, the stock price of Tencent plummeted due to major selling being done by Dutch investors from Prosus NV.
Reuters has revealed that Japan wants to remove the zero-emission vehicle target from the G7 country statement.
During the start of this week's trading, stock prices around the world surged, as the previous recovery continued.
US airline Allegiant has revealed that the company expects strong demand for flights to last beyond summer.
Tesco recently revealed that the UK consumers have been recently buying less goods, as inflation had impacted prices.
Goldman Sachs has revealed that by the end of 2023 annual inflation in Turkey would reach up to 80%, prior to descending to 60%.
In May, the Canadian home price index had slowed down its growth, as on an annual basis prices were up by 18.3%, compared to 18.8% in April.
ThyssenKrupp has revealed that the company would not IPO its hydrogen division due to the current market environment.
The company has announced that it would launch a share buyback program, which would buy up to 2.5 million shares.
Sony and Honda have announced that the two companies have created a joint venture for the sale of electric cars.
Reuters has revealed that Chinese firms have started talks with Qatar about acquiring a stake in the country's gas fields.
The Bank of Japan has announced that it would monitor the impact of the Yen's decline on the Japanese Economy.
Reuters has reported that companies that previously paused their operations in Russia had decided to start selling their businesses in the country.
Annual core inflation in Japan in May has reached 2.10%, which is above the central bank's 2.00% target.
In May, United States homebuilding reached a 13-month-low level, as housing starts dropped by 14.4%, which is the lowers level since April of 2021.
In its monthly bulletin, the Reserve Bank of India revealed that the economy of India had been improving, despite global risks.
The Head Executive of Commercial Airplanes unit of Boeing has stated that the demand for wide body jets and freighters has been observed to be recovering.
As the company goes electric, Ferrari has revealed that the company would launch new 15 car models during the period of 2023-2026.
Walmart has announced that the company would increase the wages of its pharmacy workers above the $20.00 mark per hour.
A regulator meeting in Luxembourg has resulted in Euro Zone Finance Ministers urging governments to stick to fiscal discipline, which would help the European Central Bank fight a new debt crisis.