China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilising. "Weak external demand is still hurting China's manufacturers, but conditions are gradually improving in response to stimulus spending… China remains on track for a moderate

Japan's Sony Corp plans to sell a smaller and lighter PlayStation Portable (PSP) handheld game machine later this year, according to video game websites which cite what they say is Sony's own promotional video clip. The video clip, which game websites including IGN say was first distributed through Sony's online game information distribution service for

The interactive videogame industry's biggest convention meets next week in Los Angeles promising a return to its glitzy past, but on the heels of weak sales and the slumping economy, the future of this fun and games business is no laughing matter. A wave of fitness games, an expanded lineup for Nintendo Co Ltd's popular

Nintendo Co Ltd plans to launch a new version of its "Wii Fit" home exercise game this autumn, aiming to help boost sluggish sales of its Wii console in Japan, the Nikkei business daily reported on Sunday. Called "Wii Fit plus," the new version will allow users to compete with friends and family over the

General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The planned filing, confirmed by Obama administration officials, would be the third-largest in U.S. history and the largest-ever

Asian stocks and the Australian dollar shot to eight-month highs on Monday after a gauge of China's manufacturing activity offered fresh evidence of a recovery in the world's third-largest economy. Growing optimism that the worst of the global downturn is over offset long-expected news that General Motors Corp will file for bankruptcy later in the

U.S. Treasury Secretary Timothy Geithner on Monday said the United States and China must change strategies for boosting growth as U.S. consumer demand wanes, and he offered strong backing for a bigger Chinese role in setting global economic policy. "China is already too important to the global economy not to have a full seat at