World Business News

FRANKFURT: German premium car-maker BMW said it increased vehicle sales by 13.2 per cent in October to 157,618 cars, its highest ever figure for the month of October.

TOKYO: Japanese small-car maker Suzuki said Friday stronger domestic sales helped lift net profit by nearly a third in the six months to September, offsetting a strong yen and unrest at an Indian plant.

The compact car and motorcycle maker's first-half earnings rose 31 per cent from a year earlier to 41.90 billion yen ($527 million) on slightly higher sales of 1.23 trillion yen.

China's gold demand is expected to grow 1 percent this year to a record of around 860 tonnes, the global head of metals at consultancy Thomson Reuters GFMS said on Thursday, with both jewellery and investment sales rising.

That increase means China will overtake India as the world's biggest consumer of gold for the first time on a yearly basis, Philip Klapwijk told the online Reuters Global Gold Forum.

President Barack Obama rolled to re-election and a second term in the White House on Tuesday with a victory over Republican challenger Mitt Romney as the Democrat overcame deep doubts about his handling of the U.S. economy.