Receive Breaking News updates as they occur
KUALA LUMPUR, Malaysia (AP) — Malaysia called Tuesday for more efforts to find a peaceful solution to rising tensions in the disputed South China Sea, as the United States and the Philippines said they would demand a stop to land reclamation and other aggressive actions by China at an annual diplomatic meeting in Kuala Lumpur.
Toyota on Tuesday said its net profit for the three months to June jumped 10 percent to $5.2 billion, crediting a weak yen and cost cuts, while it also boosted its annual sales forecast. The Japanese giant's vehicle sales were slightly lower at 2.1 million vehicles in the quarter. "Favourable foreign exchange rates and cost reduction efforts were (the) main positive factors, while decreased vehicle sales and increased expenses to support initiatives for enhancing competitiveness were negative factors," Toyota Managing Officer Tetsuya Otake said in a statement.