Japanese car giant Toyota on Tuesday raised its profit forecasts as the weak yen helped it compensate for the Middle East war and Chinese competition.

Automaker's Q1 net profit rises 75.6%, beating market consensus

Profit for the quarter through end-June was $8.9 billion, marking five straight months of year-on-year declines. Read more at straitstimes.com. Read more at straitstimes.com.