India’s central bank raises repo rate
India’s new central bank governor has raised the benchmark repo rate, at which it lends to commercial banks, for a second consecutive month by a quarter of one percent to 7.75 percent.
Toyota still world’s top carmaker
Japanese carmaker Toyota has retained its lead over rival GM, January to September global sales figures show.
Vettel clinches fourth world title following win in India
Red Bull’s Sebastian Vettel clinched his fourth consecutive world title with victory in the Indian Grand Prix on Sunday.
Samsung issues China apology
Samsung Electronics has said it “sincerely apologises” to Chinese consumers following a broadcast on Chinese Central Television (CCTV) claimed that several models of its phones – including Galaxy S3 and Note2 – were malfunctioning.
China Mobile quarterly profit falls on tougher competition
Quarterly profit at the world’s largest phone company, China Mobile, has fallen due to tougher competition, the company has announced.
Japan posts September trade deficit
Japan posted a trade deficit for the 15th month in a row in September as a weak yen pushed up import costs.
China reports third quarter growth
China’s gross domestic product expanded 7.8 percent year-on-year in July-September, the first rise in three quarters.
World Bank cuts India growth forecast
In the wake of the IMF’s decision to cut its growth forecast for India, the World Bank has slashed the country’s growth forecast for the current financial year to 4.7 percent from an earlier projection of 6.1 percent.
U.S. avoids devastating default, Asian shares up
Asian shares mostly rose on Thursday after U.S. legislators passed a last-minute bill to end a 16-day government shutdown and raise the country’s borrowing limit.
Japan hit by powerful typhoon
More than a dozen people have been killed after a powerful typhoon – Typhoon Wipha – caused landslides and flooding on Izu Oshima Island, south of Japanese capital Tokyo.
