GM, Toyota and Ford reported U.S. sales declines of more than 30% for December, capping off a dismal year for the auto industry. Chrysler's sales plunged 53%.
Japan's domestic auto sales fell last year to their lowest level since the mid-1970s as recession squashed already weak consumer demand.
![[Pakistan]](http://s.wsj.net/public/resources/images/OB-CX131_PAKIND_A_20090105063316.jpg)
India gave Pakistan the most detailed evidence yet that it says ties the militants who attacked Mumbai to "elements" in Pakistan.
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Taiwan plans to provide about $6 billion in financial aid for struggling companies. Chip maker Nanya could seek assistance this week.
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Daiichi Sankyo is taking a $3.84 billion write-down on its 63.9% holding in Ranbaxy Laboratories of India.
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![[HSBC Aims to Expand in Vietnam]](http://s.wsj.net/public/resources/images/OB-CX235_hsbc01_A_20090105155351.jpg)
HSBC aims to increase its Vietnam branches to 10 this year from two now, and is looking at Laos and Cambodia.
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![[Indonesia economy photo]](http://s.wsj.net/public/resources/images/AI-AT036A_INDOE_A_20090105153348.jpg)
Indonesia reported slowing inflation for December and a surge in the November trade surplus, which will likely prompt the central bank to continue to cut rates gradually.
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LDK Solar drastically cut its expectations for the fourth quarter, citing lower demand as customers delayed shipment requests and a decrease in overall wafer shipments.
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Thailand's headline inflation rate fell to a six-year low in December on a continued slide in global oil prices, the government said as it stepped up pressure on the central bank to further ease monetary policy.
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India signed a $2.1 billion deal with Boeing for eight P-8I maritime patrol aircraft as New Delhi moves to modernize its mainly Soviet-vintage armed forces.
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China Investment Corp. has been adjusting its investment plan since September and has slowed its investments, amid a worsening global economy.
News from the Wall Street Journal and Dow Jones Newswires
![[Tuna auction in Tokyo]](http://s.wsj.net/public/resources/images/AK-AI299_tuna_C_20090105154806.jpg)
Two sushi bar owners paid more than $100,000 for a Japanese bluefin tuna at a Tokyo fish auction, several times the average price and the highest in nearly a decade.
—India's Foreign Secretary Shivshankar Menon, on the Mumbai attacks“The crime may have been committed in India, but the conspiracy behind the crime was in Pakistan.”
| * at close Source: Dow Jones, Reuters | |||
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