BLOOMBERG Toyota Motor Corp reported a slight drop in global sales in January due to lingering effects of the Covid-19 pandemic and a chronic shortage of semiconductors for automobiles, the Japanese automaker said. Sales, including Daihatsu Motor Co and Hino Motors Ltd, fell 3.6% from a year earlier to 795,847 vehicles, while production rose 8.4% to 819,727 units, the world’s ...

BLOOMBERG Chinese electric carmaker Li Auto Inc expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc. The Beijing-based auto manufacturer said revenue for the three months ending on March 31 should be between 17.5 billion yuan ($2.5 billion) to 18.5 billion yuan, ...

DUBAI/ WAM e& has announced a strategic partnership with Mastercard that will see consumers and businesses in 16 markets across the Middle East, Asia and Africa benefit from a variety of new technologies and user-friendly experiences. The experiences include providing consumers with innovative alternatives to how they choose to pay for a variety of lifestyle activities. Consumers will also benefit ...

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), part of the PureHealth group, has announced its key achievements in 2022 from the latest report curated by the Emirates News Agency (WAM). Some of Seha’s most notable achievements in 2022 include the closure of its Covid-19 testing centres and 5.1 million outpatient visits throughout the year. Collectively, a total ...

ABU DHABI / WAM The UAE search and rescue team, as part of the “Chivalrous Knight / 2” operation in Syria, has returned home following the completion of the rescue mission in earthquake-hit Syria. Lt. Colonel Hamad Al Kaabi, Commander of the Emirati Search and Rescue in Syria, said that the team has made exceptional efforts in the rescue mission ...

DUBAI / WAM The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed. Between 2019 and 2022, the UAE recorded increasing environmental, social, and corporate governance (ESG) reporting across major public and private institutions such as Dubai Financial Market, Ministry of Climate ...

BLOOMBERG UniCredit SpA is set to increase its overall bonus pool for 2022 by about 20%, after a year in which the Italian lender beat profit expectations and increased shareholder returns, people familiar with the matter said. The Milan-based bank’s payout covers non-executive employees working at branches and offices and about 900 top managers with risk responsibilities, said the people, ...

BLOOMBERG Pressure from the US bond market may lead to modest yen weakness in the short-term, outweighing any positive impact from speculation of a Bank of Japan (BOJ) policy shift, according to Goldman Sachs Group Inc. If markets continue to price in resilient US growth and more interest-rate hikes than expected, there is scope for further “tactical yen underperformance,” wrote ...

BLOOMBERG Traders are betting for the first time that the European Central Bank (ECB) will extend its rate-hiking cycle into 2024, leading to a selloff in German debt that took yields to the highest in more than 11 years. Swap-market pricing shows they briefly wagered the ECB will raise its deposit rate to as much as 3.9% in February 2024. ...

BLOOMBERG Japan Post Holdings Co plans to sell 1.3 trillion yen ($9.5 billion) of shares in its banking unit, the latest step in the postal group’s privatisation. The former state-run mail and financial services giant is seeking to sell about 975 million shares in Japan Post Bank Co, a Ministry of Finance filing showed. The offer to domestic and international ...