Toyota’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.
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.
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.
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.