Toyota Motor Corp. sold 151,669 cars and light trucks in China in July, a 5.7 percent increase from a year earlier, extending the Japanese automaker’s streak of gains to five months.

Source : autonews.com

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Federal Reserve Governor Christopher Waller said on Thursday he supports a quarter-point interest rate cut at the U.S. central bank’s September meeting, citing weakening job growth and contained inflation once tariff effects are stripped out.

Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand as the end of summer nears in the United States, the world’s biggest consumer, and uncertainty about the availability of Russian supply.

Japan’s factory output slumped in July as U.S. tariffs bite and a leading indicator of nationwide inflation slowed, data showed on Friday, complicating the central bank’s decision on the next rate-hike timing.

Asian stocks were a mixed bag on Friday, with Chinese shares extending their stellar performance through August and remaining at recent multi-year peaks, while Japan’s Nikkei 225 retreated on a swathe of negative economic readings.

New car sales in Europe rose 5.9% in July as a jump in Germany outweighed drops in Britain, France and Italy, European Automobile Manufacturers Association data showed on Thursday.