NBA's Kings to accept Bitcoin for tickets
US basketball outfit the Sacramento Kings said Thursday they would begin accepting Bitcoin, the first professional sports team to accept the virtual currency.
France sells 1% stake in Airbus Group for 451 mn euros
The French state has raised 451 million euros ($614 million) by selling a one percent stake in European aircaft and defence corporation Airbus Group, the economy minister said Thursday.
Fiat's Marchionne: savior of Fiat and Chrysler
Brash Fiat chief Sergio Marchionne was welcomed as a hero at the Detroit Auto Show this week after completing the takeover of US automaker Chrysler.
16 January 2014
Apple fights for bigger slice of China smartphone pie
The world's biggest mobile network is ready to offer Apple's iPhone, but while the US technology giant has declared China its biggest future market, it faces an uphill battle to unseat Samsung and homegrown competitors.
15 January 2014
Fed taper poses risks to global pick-up: World Bank
The World Bank on Tuesday raised its growth forecasts for the global economy, but warned of potential volatility in capital flows as the United States withdraws its stimulus.
US Congress unveils $1 trillion spending bill
Negotiators from the US Senate and House of Representatives unveiled a $1 trillion spending bill late Monday, eliminating the threat of another government shutdown, at least until October.
14 January 2014
Sinopec to pay compensation over pipeline blast
Chinese state-owned oil giant Sinopec will pay compensation over a November pipeline explosion at its facility in the city of Qingdao that killed dozens of people and caused losses of more than $100 million.
Li's Power Assets to spin off HK unit
Li Ka-shing, Asia's richest man, is to spin off his electricity assets in Hong Kong through an initial public offering worth up to HK$27.9 billion ($3.6 billion) and will sell a large chunk to a Chinese state-owned power company.
Singapore monitoring new forms of illicit financing
Asian financial hub Singapore on Friday said it was scrutinising trade in virtual currencies such Bitcoin, precious stones and metals to forestall new forms of illicit financing by criminals and terrorists.
12 January 2014
IMF's Lagarde: uncertainty over health of European banks
International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe's banks and that coming stress tests are a chance to build confidence in them.
China has world's most outbound tourists: report
Nearly 100 million Chinese tourists visited foreign countries last year, and they are likely to extend their lead as the world's biggest-spending travellers, state media reported Thursday.
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