The world’s biggest carmaker, Toyota, reports a 4.7% year-on-year rise in net income for the December quarter, due in part to stronger sales in the US.

The fall in oil prices has been a “net good” for the economy, Bank of England deputy governor Ben Broadbent tells the BBC.

TAIPEI/TOKYO (Reuters) – Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan’s Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm’s takeover bid over a rival offer from a Japanese state-backed fund.

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