Toyota sales surge on weaker yen

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
According to the latest data, sales of Japanese car maker Toyota added 2.8% in the third quarter of this year to 2.5 million cars, beating its main American competitor General Motors, which sold 2.4 million vehicles, up 5.5%. Economists predict the Toyota profit to jump during this fiscal year, while all Japanese manufacturers continue to benefit from government policies that have decreased the yen exchange rate.
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Mon, 28 Oct 2013 06:27:03 GMT

Australian budget deficit soars amid slow economic growth

State budget deficit in Australia will most likely jump during the current financial year, as the country observes increasing unemployment, slowing economic growth, while the stronger national currency leads to decline in manufacturing industry. Australian Treasury expects the deficit to reach $28.8 billion this year, while the budget balance will be returned not earlier than in 2015-16.

Mon, 28 Oct 2013 05:49:04 GMT

U.S. retail sales could ease amid auto industry

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