October, 2021

• 17 October

  Santander staff could do 70% office hours: Botin

  

  Bloomberg Banco Santander SA could eventually bring staff back to the office most of the time, according to Ana Botin, executive chair of the Spanish bank. “We’re looking at 60% to 70% in person, 30% to 40% remote. That, I would say, is the range of options we’re considering,” Botin said during the Institute of International Finance annual membership meeting, ...

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• 17 October

  HDFC Bank quarterly profit surges 18%

  Bloomberg HDFC Bank Ltd.’s quarterly profit rises 18%, buoyed by strong loan growth, as the coronavirus pandemic’s economic fallout waned. Net income for the quarter ended September stood at 88.3 billion rupees ($1.17 billion), compared to 75.1 billion rupees a year ago, according to an exchange filing on Saturday. That beat the average estimate of 86.50 billion rupees by analysts ...

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• 17 October

  Wells Fargo earnings top forecasts, shares fall after loans dip

  

  Bloomberg Wells Fargo & Co beat analysts’ expectations for third-quarter profit as Chief Executive Officer Charlie Scharf makes progress on his turnaround efforts, but shares declined as expenses were higher than anticipated and loans fell. The bank reported net income rose to $5.1 billion, padded by a $1.7 billion reserve release, according to a statement. Still, the firm took a ...

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• 17 October

  Honda’s futuristic plans include flying taxis, rockets, and robots

  

  Bloomberg Car and motorbike maker Honda Motor Co is positioning itself for a vertical takeoff. The Tokyo-based company is embarking on efforts to field a new electric-hybrid air taxi, a robot with human-like hands that may one day toil on the moon and a reusable rocket to carry small satellites into space more economically. Honda’s vision of how people will ...

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• 17 October

  Google to help clients monitor, cut their environmental impact

  

  Bloomberg Google’s cloud-computing division unveiled tools to help clients monitor and reduce their environmental impact, part of the company’s broader push to fight climate change. Customers can now use a carbon-footprint feature to see the gross emissions associated with their use of the Google Cloud platform, the Alphabet Inc.-owned company said in a blog post. Google Cloud also is teaming ...

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• 17 October

  Toyota cuts November outlook by 15%

  Bloomberg Toyota Motor Corp cut its global car production target for November by around 15% from an earlier plan as a shortage of parts continues to weigh on the world’s No. 1 automaker. The Japanese company had initially planned to make 1 million cars next month but now expects to do only around 850,000 to 900,000 units, it said. “Since ...

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• 17 October

  Apple to cut iPhone production goals due to chip crunch

  

  Bloomberg Apple Inc is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product The company had expected to produce 90 million new iPhone models in the last three months of the year, but it’s now telling manufacturing partners that the total will be ...

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• 14 October

  Mohamed, president of Congo discuss enhancing cooperation

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Republic of the Congo, Denis Sassou Nguesso, on Wednesday discussed relations and cooperation between the their countries and ways to enhance them in the economic, trade, investment, and developmental areas ...

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• 14 October

  Abu Dhabi launches golden list of industrial products

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project supports the ICV Certification by encouraging contractors to purchase “Golden list” products in the government bids. This will, in turn, enhance the versatility of the ...

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• 14 October

  Etihad raises $1.2bn in sustainability-linked loan

  

  Abu Dhabi / WAM Etihad Airways raised $1.2 billion in the first sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation. The transaction is the largest sustainable financing in the airline’s history and follows two innovative aviation financing deals – a first-of-a-kindsustainability-linked transition sukuk in 2020 and a loan tied to the UN Sustainable Development ...

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