TOKYO (AP) — Honda said Friday that its profit for the fiscal fourth quarter zoomed to more than double the previous year's as the benefits of a weak yen added to strong sales, but momentum was forecast to ebb as the currency perk wears off.
By Sumanta Dey and Rahul Karunakar BANGALORE (Reuters) - Growth in emerging Asian countries will be lackluster this year and contribute less to the global economy, despite signs of recovery in the region's major trading partners in the West, Reuters polls showed on Friday. Much will depend on how China - the world's second-largest economy - performs. After clocking double-digit growth rates on average over the last three decades, China's economy has slowed as the government repositions it to rely more on domestic demand. The consensus from over 200 economists polled April 15-24 was for growth in economies from China to India, Indonesia, Singapore and Thailand to be steady and near last year's largely lackluster levels.