Car sales in India fell by over 10 percent in April, industry data showed Friday, as the country's once red-hot car market reels from high ownership costs, costly fuel and an economic downturn.

A new wave of electricity price hikes will kick in this October as scheduled, Economics Minister Chang Chia-chu said yesterday, during an interpellation session at the Legislative Yuan.

Inflation in China accelerated to 2.4 percent year-on-year in April, official data showed Thursday, above market expectations, but analysts said counter-measures were unlikely due to weak economic momentum.

Taichung Mayor Jason Hu said yesterday that the upcoming annual International Real Estate Federation (FIABCI) conference will help put the central Taiwanese city on the global map.

China on Thursday welcomed the appointment of Brazilian diplomat Roberto Azevedo to head the World Trade Organization, with state media saying it showed the growing clout of emerging economies.

The Legislative Yuan yesterday announced that it has passed draft amendments to statutes related to investments made by foreign nationals and overseas Taiwanese, in order to lessen procedural requirements.

South Korea's central bank on Thursday cut its benchmark interest rate for the first time in seven months, joining government efforts to boost the export-reliant economy as manufacturers such as Hyundai Motor Co. face tougher competition from Japanese rivals boosted by the weakening yen.

The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.01 to close at NT$29.510 as downward pressure on the greenback was offset by the local central bank's intervention in a bid to boost the country's global competitiveness, dealers said.

During 26 years at the helm of Chinese tech giant Huawei, founder Ren Zhengfei never once agreed to be interviewed by a journalist.

Australia's unemployment rate eased to 5.5 percent in April, data showed Thursday, beating expectations by creating 50,100 jobs despite a slowdown in the mining-driven economy.