CHINA

Molycorp, Sumitomo Break Off Financing Deal Talks

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Molycorp Inc (MCP.N) said on Friday it has broken off talks with Japan's Sumitomo Corp with regard to a financing deal, as the investment is no longer necessary for the implementation of its business plan.
solar city

Drop in 2010 Solar Costs May Accelerate: Study

The cost to install solar power in the United States fell by 17 percent in 2010 and is on pace to drop even faster this year, according to a new report issued by the Lawrence Berkeley National Laboratory.
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Analysis: China seeks to tether the microblog tiger

Mao Zedong famously said a single spark could start a revolutionary prairie fire. That fear is now driving his Communist Party successors to grapple with how to tame China's expanding legions of microbloggers.
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South Korea Still Top World Communications Economy: U.N.

South Korea was the world's most advanced Internet and telecommunications economy in 2010, with high levels of access, usage and skills, while high-speed Web access remained unaffordable in many low-income countries, the United Nations said on Thursday.
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Apple settles with Queens stores over knockoffs

Two stores in Queens, New York, accused of peddling unauthorized Apple Inc accessories have agreed to hand over all products in their inventories bearing the word Apple or any of the company's ubiquitous trademarks.
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Silvercorp Shares Jump on Stock Buyback News

Shares of Silvercorp Metals Inc., battling anonymous charges of accounting fraud, shot higher Thursday despite a downdraft among precious metals miners that battered their share prices after announcing a stock buyback and a cut in the number of shares outstanding.
France

Sarkozy, Cameron hailed in Libya, offer help

Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.
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Fashion bloggers to spur online luxury sales

Fashion bloggers will help propel online sales of designer clothes, jewels and luxury cars to more than 11 billion euros ($15 billion) in 2015, a research report said on Thursday.
China probes Johnson Controls unit for alleged lead

China probes Johnson Controls unit for alleged lead

A China unit of major lead-acid battery maker Johnson Controls has halted production at its Shanghai factory as authorities investigate into an alleged lead pollution case, the official Shanghai Securities News said on Thursday.
Apple iPhone 4

Apple iPhone 5 Sales in China may Start in December

As tech enthusiasts and Apple fans are eagerly awaiting the iPhone 5 that is expected to come in October, a Wall Street analyst expects the next iteration of the iPhone to start selling in China as early as December.
Gold bars

Gold Prices Fall on Hopes Greece May Remain in Eurozone

Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.

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