UBS Group AG shares down after reporting $11.6B sales, 7% Y/Y growth & EPS of $0.23, beating consensus. Global Wealth Management's net new assets rose 10% Y/Y.
BP and XRG, ADNOC's international energy investment company, establish new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.
Toyota Motor partners with Revel for EV charging access. The agreement provides Toyota and Lexus customers access to complimentary charging at Revel charging stations.
Toyota increases share buyback plan to 1.2 trillion yen, reflecting stock price. With this increase, Toyota can now repurchase up to 315.5 billion yen (210 million shares).
Toyota Motor shares are down as the company revises its 2026 EV production target downward. Also, Japan pledges $2.4 billion to boost battery production.
Toyota has announced an expanded collaboration with BMW to advance hydrogen fuel cell technology. The partnership will see the development of a new generation of fuel cell powertrain systems, set to debut with BMW's first series production fuel cell electric vehicle (FCEV) in 2028.
UK regulators reportedly direct HSBC to reassess data practices crucial for risk management in investment banking and trading, following previous warning and fine.
HSBC reportedly plans to double its British wealth assets to £100 billion in 5 years by targeting the 'mass affluent' market and leveraging global reach.
Toyota Motor Corp (NYSE ) plans a new battery plant for EVs in Fukuoka, Japan, to boost production capabilities. The plant will supply batteries for Lexus cars and make Kyushu a key hub for Toyota's EV supply chain in Asia.
A subsidiary of Toyota was found violating Japan's subcontractor protection laws, according to the Japan Fair Trade Commission (FTC). Toyota Customizing & Development Co. (TCD) failed to compensate suppliers for storage fees of metal die casts and other items.
Sony Pictures Entertainment, part of Sony Group Corp, has acquired the Alamo Drafthouse Cinema, renowned for its unique dine-in movie experience. This move aims to rejuvenate the theater industry, especially as major cities like New York and Los Angeles see a dip in box-office performance.
Japan's transport ministry inspected Toyota Motor Corporation's headquarters and found irregularities, leading to broader repercussions in the industry.
Toyota Motor Corp (NYSETM) has experienced significant production challenges at its Tijuana, Mexico plant, leading to multiple stoppages in February and March. Labor shortages and technical problems caused 19 days of halted production, affecting the Tacoma pick-up truck. This disruption highlights Toyota's vulnerability as it aims to produce 10 million vehicles this year and struggles with labor shortages and supply chain issues.
HSBC's subsidiary, HSBC Latin America B.V., sells Argentina business to Grupo Financiero Galicia for $550 million, focusing on higher value opportunities.
HSBC launches $150M Venture Debt offering in Singapore and $1B ASEAN Growth Fund, aiming to support high-growth companies and digital platform businesses.
