The wholesale price index increased 0.9% to 282.1 from 284.7 for the previous week. For the year ending in the previous week average inflation surged to 14.16% compared to 5.06% in the same period a year ago.

Kirin Holdings Company, Limited nine months revenues fell 1.8% to ¥1.67 trillion and net profit fell 56% to ¥41.71 billion or ¥43.67 a share.

Steady decline in the U.S. auto sales reached to a new low in September. The seasonally adjusted annual vehicles sales in the month declined to 15-year low of 12.5 million from 16.2 million a year ago. sales at Ford and Chrysler fell 33% and at Chrysler declined 16%.

When there is a deficiency of information, speculations are abundant. The Sovereign Wealth Funds, established to preserve the accumulated capital in different nations, are often the subject of criticism and mistrust in Europe and the U.S. Rupert Neil Bumfrey clearly explains the role and nature of these funds, both for their own economies and the West.