Business News

Tokyo - Japan's government said Friday that Bitcoin is not a currency but that it "is natural" that transactions involving the virtual unit should be taxed."As a matter of common sense, if there are transactions and subsequent gains, it is natural...

It looks like blood and gore will rule out over the weekend if the early returns play out. "300: Rise of an Empire" has already banked $3.3 million. The is projected to take in around $40 million while "Mr. Peabody" will balance out at $25 million.

London - British aircraft engine maker Rolls-Royce revealed Thursday that it is facing a corruption probe in the United States as well as Britain."The group is currently under investigation by law enforcement agencies, primarily the Serious Fraud Office (SFO) i...

Athens - Greece wants more time to shore up its crisis-hit banks, a government source said Thursday, as the authorities were locked in a dispute with EU-IMF creditors on how much it would cost to do so."We are asking for more time for the banks," a finance mini...

London - British insurer Aviva on Thursday said it had swung back into profit during 2013 as it underwent major restructuring and after it avoided a huge write-down suffered the previous year.Chief executive Mark Wilson warned against "complacency", while Aviva...

London - India-focused miner Vedanta Resources on Thursday said Tom Albanese, former head of mining giant Rio Tinto, would become the group's CEO from April.Albanese became chairman of Vedanta's holding company last September after stepping down as chief execut...

Singapore - Singapore's police said Thursday they were investigating the "unnatural death" of a young American woman who headed a company dealing in the Bitcoin virtual currency.Autumn Radtke, chief executive of Singapore-based Bitcoin exchange company First Meta,...

Geneva - Global air passenger traffic rose by 8.0 percent in January compared to the same month in 2013, the International Air Transport Association (IATA) said Wednesday.The year "is off to a strong start, with travel demand accelerating over the healthy resul...

Mobile apps are transforming the way business is done around the world. Millennials are particularly well suited to benefit from their use.

Hong Kong - A 24-year-old Hong Kong-based woman has been named the world's youngest billionaire, replacing a Facebook co-founder and spurring gossip in the city.Perenna Kei, a graduate from the University of London who lives in Hong Kong, was ranked by Forbes as t...