Beijing / AFP Chinese exports sank for a seventh consecutive month in October, data showed on Tuesday, as weak global demand dealt a blow to the world’s number two economy following recent signs of stability. The result, which missed forecasts, comes as the country’s export-oriented companies see their margins squeezed by rising labour costs and increasing competition from southeastern …

Bloomberg India will abolish the country’s largest currency notes in a fight against unaccounted wealth and corruption, Prime Minister Narendra Modi said in an unscheduled address to the nation. The government will scrap 500 rupee and 1,000 rupee notes from Wednesday. The notes in circulation will have to be deposited in banks by end of December, he said in a …

  Bloomberg Toyota Motor Corp. raised its full-year profit forecast as the yen’s rally stopped short of levels the automaker predicted, providing some respite from a sales slowdown that’s threatening its position as the world’s top seller. Operating profit will probably be 1.7 trillion yen ($16.3 billion) for the year ending in March 2017, compared with the 1.6 trillion-yen forecast …