CHINA

China should be praised for its lead role in a U.N.-backed scheme to cut carbon emissions and efforts to cap its flow of credits should be resisted, a leading British-based clean-energy project development firm said.

Japanese shares fell on Thursday as worries about the health of the global financial sector flared again after a larger-than-expected loss from Morgan Stanley and a report that top Japanese broker Nomura had also fallen deeply into the red.

Toyota Motor Corp said on Thursday its group-wide sales fell 27 percent to 1.767 million vehicles in the first quarter of 2009, keeping it ahead of Volkswagen AG as the world's top-selling carmaker.

Yum Brands Inc , parent of the Taco Bell, Pizza Hut and KFC chains, posted a quarterly profit on Wednesday that topped analysts' expectations as global sales at established restaurants rose 1 percent, sending shares up 3 percent.

The United States bears substantial blame for the woes besetting the world economy but it will take a global effort to ease those strains, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

Amid a debate on whether clean coal is like healthy cigarettes or not, energy secretary Steven Chu said on Wednesday the U.S. must take global leadership in clean coal technologies.

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

(Corrects net income figures, paragraph 3)

The United States carries a substantial share of blame for the current economic crisis but the world must work together to ease the strains, Treasury Secretary Timothy Geithner said on Wednesday.

Environment ministers from rich and poor nations discussed a green technology stimulus on Wednesday to help tackle global warming and overcome the global economic crisis.

The U.S. economy is starting to show signs of shrinking more slowly but positive growth is not expected until sometime next year, the International Monetary Fund said on Wednesday.

Indian mobile operators added a record 15.64 million customers in March, helped by the expansion of networks to smaller towns and rural areas, data from the telecoms regulator showed.

Honda Motor Co's operating profit for the last financial year will likely beat the company's estimate by a small margin thanks to a weaker yen and better-than-expected sales in China, a newspaper said on Wednesday.

Honda Motor Co's operating profit for the last financial year will likely beat the company's estimate thanks to a weaker yen and better-than-expected sales in China, a newspaper reported on Wednesday.

The Pentagon and Lockheed Martin Corp, its top supplier, discounted a Wall Street Journal report that cyber spies had stolen secrets of the F-35 Joint Strike Fighter aircraft being built for the United States and nearly a dozen allies.

Vestas (VWS.CO: Quote, Profile, Research), the world's biggest wind power equipment producer, plans to produce 800 of its new V60-850 kilowatt units per year at its new factory in Inner Mongolia once it goes into full operation in a year's time, Lars Andersen, the company's China president, said on Tuesday.

Stocks rose on Tuesday, led by the financial sector, after Treasury Secretary Timothy Geithner said the vast majority of U.S. banks are well capitalized and industrial bellwether United Technologies Corp reported forecast-beating earnings.

Computer spies have repeatedly breached the Pentagon's costliest weapons program, the $300 billion Joint Strike Fighter project, The Wall Street Journal reported on Tuesday.

China will show off its resurgent naval strength this week at a parade marking 60 years since the founding of its navy, presenting its fleet of warships and nuclear submarines as a force for peace, not aggression.

China this week marks the 60th anniversary of the founding of its navy with a parade in the seas off the northern port city of Qingdao.

Penguin Group has become the first international publisher to sign an English electronic book distribution deal in China after seeing significant growth in the United States, the head of the group said on Tuesday.