Bitcoin's Success Fuelled by Government Controls on Financial Freedom
Rising demand for alternatives to state-backed currencies will lead to tidal wave of private monies, says Institute of Economic Affairs.
World Gold Council Wants to 'Reform or Replace' 100-Year-Old London Gold Fix
The 95-year-old gold pricing benchmark was criticised for lack of transparency.
GM CEO Mary Barra Faces Intense Questioning by US Lawmakers as Recalls Surge
Barra is due to be questioned at Capitol Hill on 18 June over GM's inability to fix vehicle safety issues.
Failed Bitcoin Exchange MtGox Approved for US Chapter 15 Bankruptcy Protection
Bankruptcy protection would enable MtGox to complete sale of its assets and repay creditors.
Ex-Goldman Sachs Director Rajat Gupta Jailed Two Years for Insider Trading
Gupta faces $13.9m fine and permanent ban from acting as public company officer.
Pope Francis: Hedging on Food Prices is 'Intolerable Scandal'
Betting could drive up food prices, causing periods of starvation for poor people, said Pope Francis.
Football World Cup 2014: England Fans Spend More in Brazil Than Rival Europeans
English fans spent £3.78m in Brazil last week, up 83% from last year and 46% from the preceding week, says Visa Europe.
BP to Sign $20bn Long-Term Deal with China's CNOOC to Supply LNG
Deal will be signed in front of visiting Chinese premier Li Keqiang and David Cameron.
Alstom Sparks Multi-Billion Bidding War: Siemens and Mitsubishi Rival GE's $17bn Offer
Siemens and Mitsubishi have proposed transactions estimated to be superior to General Electric's bid.
Shell Offloads $5bn Worth of Shares in Australia's Woodside
Shell looks to focus on growth in directly owned Australian assets.
China Surpasses US as Largest Corporate Debt Issuer
Debt needs of China will reach $20tn by 2018, according to S&P.
Britain and China to Sign Deals Worth Over $30bn During Premier Li Keqiang's Visit
Li Keqiang is on a three-day visit to Britain starting from 16 June.
Indian Jute Mill CEO Beaten to Death By Employees Over Working Hours
CEO of North Brook Jute Mill, H K Maheshwari, killed after he allegedly rejected workers' demands to increase weekly working hours.
Medtronic Eyes Tax Inversion Gains With $42.9bn Acquisition of Ireland's Covidien
Medtronic to relocate headquarters to Ireland, where corporate tax rate is significantly lower than US.
Scottish Independence: Hardcore Campaigner Blames Growing UK Income Inequality and Poverty on Union Break Bid
Radical Independence Campaign's co-founder Jonathon Shafi, says Scotland enough to go it alone
Russian Companies to De-Dollarise International Trade Amid Western Sanctions
Russian firms looking to switch to Asian currencies like yuan, Hong Kong dollar and Singapore dollar.
Donald Sterling Withdraws From $2bn LA Clippers Sale to Steve Ballmer
Sterling will also go ahead with lawsuit against NBA.
UK Retail Sales Slow Down As Consumers Seek Cheaper Rates Amid Food Price War
Like-for-like sales rose 0.5% year-on-year in May, compared to 1.8% increase in May 2013.
US Supreme Court Rejects BP's Plea to Block Spill Payments
BP is now planning to seek Supreme Court review of overall settlement terms.
Modi Plans Vibrant India Global Investors' Summit
Mega event is anticipated in early November in line with annual India show of World Economic Forum.
Shinzo Abe Eyes 10% Sales Tax Rate for Japan
Japan sees little impact of sales tax increase on economic growth.
US Meat Major Tyson Wins Sausage Maker Hillshire With $7.7bn Bid
Tyson outbids Pilgrim's Pride offer which valued Hillshire at about $6.82bn.
China Exports Surge but Lower Imports Signal Growth Worries Persist
Exports rose 7% year-on-year in May, above analysts' expectations for 6.6% increase and April's 0.9% rise.
IMF Wants China to Target 7% Growth in 2015 And Focus on Reforms
IMF urges China to avoid further reforms to boost economic growth.
Car Service Company Uber Becomes Most Valued Tech Startup Following $1.2bn Funding Round
Uber is currently valued at $18.2bn, higher than valuations of Airbnb, Dropbox and Xiaomi at $10bn each.
Canadian Gold Mine On Sale For $2m in Bitcoin
Sale includes gold mine in Canada's Dawson City and all its related assets.
China in 'FTZ Frenzy' With At Least 20 Applications for Special Zones
Shanghai FTZ expected to pioneer reforms for rest of China.
Pope Francis Sacks Five-Member Vatican Financial Regulatory Board
Board will be replaced by four members from US, Italy, Singapore and Switzerland.
World Bank Projects China Growth Above Official Target at 7.6%
China's growth would moderate over medium term due to its economic transformation, says World Bank.
Samsung Heirs Face Whopping $6bn Inheritance Tax Bill at 50% Korean Rate
In order to retain management of conglomerate, heirs will reportedly have to pay tax.
