Nokia, the world's largest maker of mobile phones, has sued Samsung Electronics, LG Display, AU Optronics (AUO) and other LCD manufacturers over claims they colluded to fix prices of panels.

South Korea expects exports in 2010 to grow 12.9% from this year on a global economic recovery and imports to rise 21.5%, producing an estimated US$20 billion trade surplus, the government said.

"Apple has asked Korean semiconductor makers to produce a certain amount of chips for its digital products, only to actually purchase a smaller volume eventually. The company doesn't make immediate purchases, but waits until chip prices to fall to the level it internally targets..."

Japan's central bank has said it was watching currency movements "with great concern" as the yen traded at a 14-year-high against the dollar. The surging yen could set back a recovery from Japan's worst post-war recession because it makes the country's exports less competitive.

Passenger car sales at Ford Motor's China joint venture will likely rise by close to 50% in 2009, partly due to government incentives for purchases of small vehicles, according to Nigel Harris, general manager of the joint venture.

The icebergs, some of which are 200m (650ft) in size, are believed to have broken from an Antarctic ice floe. The last time such a large flotilla was spotted so nearby was in 2006.

OCZ said it will demonstrate an external hard drive at the CES show in Las Vegas. The drive uses Symwave's USB 3.0 storage controller and will deliver 10 times the transfer rate of USB 2.0 - which transfers data at 5Gb/s.

KT, which will begin offering Apple's iPhones in Korea tomorrow (November 28), has said advance orders for the model exceeded 50,000 units as of November 26.

The announcement followed a pledge on Wednesday from the US to cut its emissions by 17% by 2020, provisional on the passage of domestic legislation.

Dubai's debt problems shook markets that are recovering from the collapse of the US housing market and contagion that threatened to rupture the global financial system last year.

The Portuguese DRAM test and assembly operation subsidiary of insolvent Qimonda has been offered a financial life line and is taking on a new name, according to local reports.

"Once the STT-MRAM is developed, South Korea may be able to control roughly 45% of the 30nm type memory chip market by 2015..."