CHINA

Sony Corp, struggling with a loss-making television business, is in negotiations to pull out of its LCD joint venture with South Korea's Samsung Electronics in a bid to cut costs.

Sony Corp, struggling with a loss-making television business, is in negotiations to pull out of its LCD joint venture with South Korea's Samsung Electronics in a bid to cut costs, the Nikkei business daily reported on Sunday.

Europe should not expect China to ride to the rescue as its savior from the debt crisis, though Beijing will do what it can to help a friend in need, the state-run Xinhua news agency said in a commentary Sunday.

General Motors Co sees growth of between 7 percent to 10 percent in China's car market this year, its chief executive said on Sunday.

Chinese police have arrested 12,125 people during a crackdown on the sale of narcotics online and have confiscated more than 300 kg of illegal drugs, state news agency Xinhua reported on Sunday.

In Technology Group Ltd. announced a 4.3-inch xpPhone 2 smartphone should be launched early next year. ITG, claiming to be known as China Apple, announced in its press release that the xpPhone 2 will be a Post-Smartphone.

Spain and Portugal said on Saturday the euro zone's debt crisis is a global problem, calling on the United States and other G20 powers to help contain the fallout.

U.S. and European shares took a breather on Friday after a strong rally on a long-awaited euro zone rescue deal, but a weak sale of Italian bonds showed investor confidence in the agreement was shaky.

Global development groups on Friday called on G20 leaders to step up to their commitments to tackle global food security and come up with new ways to boost world growth that also benefit the poorest.

The International Criminal Court said on Saturday Saif al-Islam Gaddafi was in contact through intermediaries about surrendering for trial, but it also had information mercenaries were trying to spirit him to a friendly African nation.

The head of Europe's rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires.

China's new banking regulator Shang Fulin will bring experience in pressing reforms and a hallmark cool-headed approach as he takes oversight of a sector trying to digest the effects of a lending binge that has left banks with mounting piles of debt.

The head of the European Financial Stability Facility sought to entice China on Saturday to invest in the bailout fund by saying investors may be protected against as much as one-fifth of initial losses.

China announced a reshuffle of its top economic regulatory posts on Saturday, the official Xinhua news agency said, the first big step in a comprehensive leadership change that will culminate when its top political leaders retire.

Chicago-based Boeing Co. has reached an agreement to lease a mothballed space shuttle hanger at NASA's Kennedy Space Center in Central Florida.

U.S. stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis.

Air China, in partnership with Boeing, Honeywell UOP, the Civil Aviation Administration of China, PetroChina and Pratt & Whitne, on Friday successfully test flew a passenger plane powered by a mix of biofuel and traditional aviation fuel, which in the near future could help the country overcome crude oil shortages.

A World Trade Organization panel largely backed China on Friday in a complaint about European Union import duties on Chinese footwear, dealing a partial victory also to European importers and retailers.

Stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis.

The Commerce Department on Friday set preliminary anti-dumping duty rates on products from China, Taiwan, Mexico and the United Arab Emirates it said were being sold in the United States at unfairly low prices.

China is the chief suspect in a in a string of hacking incidents of U.S. satellites that took place four or more times in 2007 and 2008.