A.P. Moller-Maersk's Chairman Jim Hagemann Snabe has informed the board he will not stand for re-election and the board plans to appoint Robert Maersk Uggla to succeed him, the Danish shipping company said on Tuesday.

TOKYO (Reuters) -Japan's economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook.

The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a Reuters poll of economists who also sharply upgraded their inflation forecasts for this year.

BEAUMONT, Texas (Reuters) -Union officials on Monday agreed to schedule a membership vote on a contract offer that could end a nearly 10-month worker lockout at an Exxon Mobil refinery in southeast Texas, a union official said.

The Chinese yuan's recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which could leave regional peers exposed especially as U.S. interest rates start to rise.

BOSTON (Reuters) -Peloton Interactive Inc's stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions.