• Mt. Gox in bankruptcy, says may have lost all its bitcoins to hackers

    Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection on Friday, saying it may have lost all of its investors' virtual coins due to hacking into its faulty computer system. Chief executive Mark Karpeles, bowing in contrition and wearing a suit instead of his customary T-shirt, apologized in Japanese at a news conference for the company's collapse, blaming "a weakness in our system." Angry investors have been seeking answers for what happened to their holdings of cash and bitcoins, an unregulated crypto-currency, on the Tokyo-based exchange. The company and Karpeles have said little in the days before the filing, which is similar to Chapter 11 bankruptcy in the United States, except that they were working with others to resolve their problems. Karpeles told the news conference that Mt. Gox wanted to file a criminal complaint against what he said was a hacking attack, but had no specific means of doing so.

    Reuters17 mins ago
  • Ukraine will seek Yanukovich extradition if he is in Russia

    Ukraine will ask Russia to extradite ousted President Viktor Yanukovich if it is confirmed that he is in Russia, the general prosecutor's office said on Friday. "Ukraine's Prosecutor-General intends to raise the issue of the extradition of the internationally wanted citizen of Ukraine Viktor Yanukovich in case it is officially confirmed that he is in the Russian Federation," it said in a statement.

    Reuters41 mins ago
  • Tycoon says protests could damage Hong Kong's reputation

    Hong Kong tycoon Li Ka-shing, one of the wealthiest men in Asia, warned on Friday that planned protests to shut down Hong Kong's central business district later this year would damage the Asian financial hub. Li, who has deep ties to China's ruling Communist Party, uses his annual news conferences to announce company results and also, at times, as a platform to espouse controversial positions. Hong Kong, a former British colony that reverted to Chinese rule in 1997, enjoys considerable autonomy and broad freedom of speech as a capitalist hub. Democracy activists in Hong Kong want reforms that could culminate in a direct election for the city's leader in 2017.

    Reuters47 mins ago
  • Plan seeks phosphorus cuts to stop Lake Erie algae

    Sharp cutbacks in phosphorus runoff into Lake Erie are needed to counter a worsening problem of algae blooms that degrade water quality, harm fish and chase away tourists, a U.S.-Canadian agency said in ...

    Associated Press19 mins ago
  • Swiss government orders freezing of any funds belonging to Ukraine's Yanukovych, allies

    Swiss government orders freezing of any funds belonging to Ukraine's Yanukovych, allies.

    Associated Press23 mins ago
  • Aid group told to leave troubled Myanmar state

    YANGON, Myanmar (AP) — Doctors Without Borders is being forced to stop caring for sick people in a Myanmar state torn by sectarian violence, in a move linked to the humanitarian group's work with the long-persecuted Rohingya Muslim minority, reports said Friday.

    Associated Press25 mins ago
  • Mei Fun ‘well-liked’ by Kajang voters, claims Najib

    KUALA LUMPUR, Feb 28 — Datuk Seri Najib Razak admitted today that Barisan Nasional (BN) will face stiff competition for the Kajang contest but said Datin Paduka Chew Mei Fun can hold her own as the...

    The Malay Mail Online28 mins ago
  • Ukraine prosecutors to seek Yanukovych extradition

    SIMFEROPOL, Ukraine (AP) — Ukraine's Prosecutor General says it is preparing to seek extradition of fugitive President Viktor Yanukovych, who is believed to be in Russia.

    Associated Press30 mins ago
  • EU ministers discuss trade deal with Ukraine

    Ministers from the European Union's Foreign Affairs Council were discussing developments in Ukraine and trade with the United States during an informal meeting on Friday in the Greek capital. Talks were ...

    Associated Press30 mins ago
  • Armed Men Patrol at Simferopol's Airport

    A group of unidentified armed men entered and occupied Simferopol international airport in Ukraine’s Crimea early on February 28. Ukraine’s interior minister Arsen Avakov said on Facebook that the armed men were Russian army troops, but this has not been confirmed. Russia has reportedly denied any involvement in the action. Credit: Radio Free Europe/Radio Liberty

    31 mins ago
  • Oscar Pistorius seen shooting in gun range video

    JOHANNESBURG (AP) — Newly released video shows Oscar Pistorius, who faces a murder trial next week, firing weapons at a gun range before the double-amputee athlete fatally shot his girlfriend last year.

    Associated Press33 mins ago
  • Tokyo bitcoin exchange files for bankruptcy

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.

    Associated Press36 mins ago
  • Top Asian News at 11:30 a.m. GMT

    NEW DELHI (AP) — For six years in a row, India's monopoly coal producer has missed its production targets, leading to chronic electricity shortages and sending power producers scrambling for pricier imports. But what looks like a looming crisis could turn out to be an almost accidental energy overhaul. Like many developing nations, India has relied for decades on cheap coal to provide electricity for burgeoning industry and fast-expanding cities, putting aside worries about pollution and global warming.

    Associated Press38 mins ago
  • Ahead of the Bell: Apple to hold annual meeting

    CUPERTINO, Calif. (AP) — Apple stockholders will get a chance to grill CEO Tim Cook about the company's product strategy, acquisition plans and money management at the iPhone maker's annual meeting.

    Associated Press41 mins ago
  • Swiss money-laundering probe against Yanukovych

    Authorities in Switzerland announced Friday they have launched a corruption probe against Ukraine's fugitive president Viktor Yanukovych and his son Aleksander. The Geneva prosecutors' office said in a ...

    Associated Press41 mins ago
  • German court says Nazi suspect unfit for trial

    BERLIN (AP) — A German court has ruled a 94-year-old man suspected of having been an SS guard at the Nazis' Auschwitz death camp is not fit for trial.

    Associated Press42 mins ago
  • Mt. Gox Bitcoin exchange ends week of turmoil, files for bankruptcy

    Exactly one week after shutting down under mysterious circumstances, causing a huge drop in Bitcoin prices, the Tokyo-based Mt. Gox Bitcoin exchange has filed for bankruptcy protection. It is – or, rather, ...

    Tech in Asia43 mins ago
  • Ukrainian leader dismisses armed forces chief of staff

    KIEV (Reuters) - Ukraine's acting president has signed a decree dismissing the head of the armed forces general staff, his office said on Friday. Admiral Yuriy Ilyin had been appointed at the height of protests against President Viktor Yanukovich, who was ousted last Saturday. No reason was given for his dismissal in a brief statement on the presidential website. (Reporting By Natalia Zinets, Editing by Timothy Heritage)

    Reuters45 mins ago
  • Asian shares mixed after upbeat Yellen testimony

    Asian markets were mixed on Friday after Federal Reserve chief Janet Yellen provided an upbeat view of the US economy and hinted the bank could ease up on its stimulus taper if the growth outlook weakens.

    AFP News47 mins ago
  • NASA and JAXA Launch New Weather Satellite

    The Japan Aerospace Exploration Agency (JAXA), in partnership with NASA, launched a new weather satellite from Tanegashima Space Center early in the morning of February 28. The four-ton spacecraft launched aboard a Japanese H-IIA rocket. “With this launch, we have taken another giant leap in providing the world with an unprecedented picture of our planet’s rain and snow,” said NASA Administrator Charles Bolden. Credit: NASA’s Goddard Space Flight Center

    47 mins ago