CHINA

ZTE Corp, China's second-largest telecommunications equipment maker, said on Monday that it expects to reverse a decline in handset profit margins this year and forecasts global sales of its smartphones to more than double from 15 million sold in 2011.

China will take a gradual approach to yuan reform and will not be in a hurry to free up deposit rates offered by banks, as it seeks to rebalance its economy and deepen its financial markets.

Asian shares and the euro eased on Monday, but losses were kept in check after a report showed Chinese factory activity stabilizing in April, alleviating worries about a sharp growth slowdown in the world's second-largest economy.

China is set to speed up spending on roads, railways and utilities to boost economic growth, the official China Securities Journal said on Monday, citing government economists.

The United States believes a Chinese firm sold North Korea components for a missile transporter showcased in a recent military parade and will press Beijing to tighten enforcement of a U.N. ban on such military sales, a U.S. official said on Saturday.

A shortage of domestic coal has postponed the construction of new power plants in the energy-starved country.

Apple's fabled iPhone 5 is creating a host of fuss and hype on the Internet of late. according to the latest rumors, iPhone 5 will feature unibody design, liquidmetal casing, in-cell display panel, 16:9 aspect ratio, all screen display and will release in October.

By Ben KlaymanFord Motor Co , seeking to tap into China's growing appetite for brawny sport utility vehicles, will quadruple its offerings in that segment over the next year.

China and Russia began their first joint naval exercise Sunday in the Yellow Sea off China's east coast, China's official news agency Xinhua reported. The six-day joint naval drills are being conducted amid the Chinese standoff with its neighbors over territorial disputes.

Watch live coverage and read a full preview of the Bahrain Formula One Grand Prix.

Sanjay Jha, the chief executive to Motorola Mobility, was awarded a total compensation package of about $47 million in 2011, almost four times his 2010 pay, according to a regulatory filing.

Rumors regarding the possibility of a Lamborghini SUV (sports utility vehicle) called the Deimos have been circulating for a while now. All signs suggest that the luxury car company is set to debut its first SUV, but according to China Car Times, the all-terrain powerhouse will be called the Urus, instead, and it will likely make an appearance at the Beijing Auto Show at the end of April.

India -which criticized the sanctions by the U.S., United Nations and European Union - recently became Iran's top oil buyer.

China produces 97 percent of the world's rare earths, minerals that are critical for the production of everything from cell phones to missiles -- and now it wants to keep more of them for itself. The world is worried, but there may be little it can do.

Despite being tagged as the powerhouse performer by Apple, MacBook Pro could never do justice to its 'Pro' moniker till 2011 when it received some minor updates.

A top military publication in China has warned that the US may be risking an armed confrontation by undertaking a joint military exercise with the Philippines amid maritime tensions between Manila and Beijing over a disputed shoal in the South China Sea.

Australia, Singapore, South Korea and the UK have agreed to contribute a combined $41 billion to the International Monetary Fund reserve to boost a global firewall against Europe's debt crisis.

Watch live coverage of qualifying for the 2012 Formula One Bahrain Grand Prix, plus read a full preview.

The Federal Open Market Committee meeting on April 24-25, Fed Chairman Ben S. Bernanke's comments during the post-meeting press conference, and an advance reading on U.S. gross domestic product in the first quarter will dominate the economic calendar next week.

China and Russia are making military history this weekend with the first bilateral naval exercises the two governments have ever conducted together.

The Group of 20 nations on Friday pledged more than $430 billion to better than double the International Monetary Fund's lending capacity and protect the global economy from the euro zone's debt crisis.