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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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