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HuaweiToyota’s January-March profit more than quadrupled to 121 billion yen ($1.5 billion) from the previous year, and the automaker gave upbeat forecasts for this fiscal year, marking a solid recovery from a hardship-filled year following the tsunami in Japan.
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The yuan was largely flat against the dollar on Wednesday after the central bank set a midpoint that was weaker than the previous day’s fixing but stronger than the market had expected.
Asian markets and the euro fell Wednesday on fears Greece could leave the eurozone after the country’s second biggest party said it would rip up a bailout deal following weekend elections.
Gold dropped to a four-month low on Wednesday, pressured by a weaker euro as investors fretted about the political upheaval in Greece that threatens to sink the country into chaos and endanger the euro zone’s efforts to end the debt crisis.
GlaxoSmithKline will take its $2.6 billion bid for Human Genome Sciences direct to shareholders this week, after its takeover offer was rejected last month by the U.S. biotech group’s board.
World stock markets fell Wednesday, with Japan’s Nikkei closing at a three-month low, as political turmoil in Greece pushed the debt-crippled country closer to financial disaster.
Jobs in London’s finance sector will slump to their lowest level for 16 years as the euro zone crisis is predicted to cause over 25,000 layoffs in 2012.
Germany posted record figures for both imports and exports Wednesday, prompting analysts to predict Europe’s top economy would avoid a recession as it continued to defy the eurozone crisis.
Dubai’s benchmark stock index rose on speculation the decline in the past eight days was overdone given higher first-quarter earnings and before Dubai Financial Market PJSC reported results.
Gold slid to its lowest in four months on Tuesday after the euro fell on the back of increasing investor concern about Europe’s ability to haul itself out of the debt crisis and return to growth.