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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 ...

BLOOMBERG Goldman Sachs Group Inc’s leaders take the stage hoping to turn the page on a forgettable 2022, lay out new reasons for investors to rally around the stock and quell dissatisfaction within the firm’s ranks. After a year in which profits slumped by half and a consumer-banking strategy unraveled, executives plan to offer a more forceful case for shareholders ...

DUBAI / GULF TIME The Retreat Palm Dubai hosted an exclusive private event for two friends and authors, Abhi Indrarajan and Naseema Taleb, who collaborated and launched their respective books combined with a photo exhibition. The bustling art and creative hub that Dubai is fast becoming, played a big role in bringing these two friends together, both with common roots ...

BLOOMBERG Primark’s outlook is improving as cash-strapped shoppers seek inexpensive fashion at the UK budget clothing chain, boosting its market share. The retailer’s adjusted operating profit margin should exceed 8% this year, ahead of former guidance, owner Associated British (AB) Foods Plc said. The stock rose as much as 1.6% in morning trading. Primark stores are attracting clients with items ...

BLOOMBERG Airbus SE expects the Pacific region — Australia, New Zealand and neighbouring nations — to take delivery of 920 planes in the next 20 years, underscoring a fast revival in travel following the pandemic. The demand includes about 750 single-aisle jets, like the best-selling A320 family of aircraft, and about 170 bigger planes, Airbus said in a statement. More ...

BLOOMBERG Britain’s supermarkets are hoping common courtesy can help them avoid free-for-alls in the fresh fruit and vegetable aisles. Moves by Tesco Plc, Asda, Aldi and Morrisons to limit purchases of tomatoes, cucumbers and peppers showed that the grocers are willing to invoke the spirit of the pandemic and ration goods if necessary to protect supplies. Grocers want to be ...