HONG KONG: The love-hate relationship of China’s central bank with digital money shows no signs of resolving soon, as investors continue to back the industry leading bitcoin while Beijing lays the foundation for its own sovereign cryptocurrency. Bank governor Zhou Xiaochuan said in February last year that a digital currency must be issued by the central bank and the PBOC had been pouring money into the study of “blockchain” technology. The PBOC subsequently raided three mainland bitcoin exchanges to check for foreign exchange violations and money-laundering. “In 2017, essentially, the PBOC made bitcoin trading in China less desirable, compared to what happened in 2013,” Arthur Hayes, chief executive of Hong Kong-based Bitcoin exchange BitMEX, said. Hong Kong Bitcoin exchange hacked, US$66m stolen: thieves may have exploited market closure during typhoonThe central bank’s fondness for going digital has raised scepticism in the bitcoin community.
June 26, 2017 01:18 UTC
TOKYO: The Tokyo Stock Exchange said on Monday shares of Takata Corp will be delisted on July 27 after the maker of auto safety parts filed for bankruptcy protection. Takata said its agreement with KSS would mean the company could continue to operate without interruptions to its operations. Jason Luo, president and CEO of KSS, said in a statement the "underlying strength" of Takata's business had not diminished despite the airbag recall. The Tokyo Stock Exchange said shares of Takata would be delisted on July 27 after it filed for bankruptcy protection. Faulty air-bag inflators made by the 84-year-old Japanese company have been linked to at least 17 deaths and more than 180 injuries around the world.
June 26, 2017 01:15 UTC
LONDON: Feliciano Lopez won the Queen’s Club title in dramatic fashion as the Spaniard saved a match point before defeating Marin Cilic 4-6, 7-6 (7/2), 7-6 (10/8) on Sunday. It was a sweet moment for world number 32 Lopez, who held a championship point in the 2014 Queen’s final before losing in three sets to Grigor Dimitrov. Lopez couldn’t find a way to break him in the final, but the Spaniard came up trumps in the crucial tie-breaks. When Lopez earned the first break point in the seventh game, Cilic responded in familiar fashion, hammering down a thunderous ace. Having lost the 2013 Queen’s final against Andy Murray after blowing a one-set lead, it was little surprise Cilic looked concerned heading into the decider.
June 26, 2017 00:56 UTC
WELLINGTON (Reuters) - All Blacks coach Steve Hansen has responded testily to Warren Gatland's claims that his side had deliberately tried to hurt British and Irish Lions scrumhalf Conor Murray during the first test in Auckland on Saturday. The All Blacks beat the Lions 30-15 at Eden Park to take a 1-0 lead in the three-match series. In the leadup to the first test, Gatland claimed the world champions engaged in illegal scrummaging and blocking of runners chasing kicks. "It is really, really disappointing. Hansen, however, said if there had been any foul play then his players would have been cited by disciplinary officials.
June 26, 2017 00:45 UTC
PETALING JAYA: No Malaysians were involved in Sunday's car crash in Newcastle, Britain, the Foreign Ministry confirmed. Six people, including three children, were reportedly injured after a car mounted a pavement outside a sports centre at Westgate Road and crashed into pedestrians. British police believe that the accident was not terrorism-related. The Foreign Ministry has advised Malaysians residing around the affected area to remain vigilant and follow instructions by the local authorities. The ministry also expressed its deepest sympathies to the families of the victims involved in the incident.
June 26, 2017 00:45 UTC
(Reuters) - Opening batsman Ajinkya Rahane (pic) notched a century, captain Virat Kohli scored 87 and India crushed West Indies by 105 runs in a lopsided one-day international in Trinidad on Sunday. Rahane compiled 103 and shared in an opening stand of 114 with Shikhar Dhawan as India made 310 for five wickets off 43 overs in the rain-shortened match at Queen's Park Oval in Port of Spain. Rahane did not make the India team for the recent Champions Trophy in England, but he grabbed his chance to impress the selectors. Kohli, meanwhile, was enthusiastic about the depth of the India squad. The third match will be played on Friday at North Sound on the island of Antigua.
June 26, 2017 00:22 UTC
Upsets also struck in the men's 110m hurdles and women's 200 on the final day of the selection meet for August's world championships in London. Former American indoor champion Aleec Harris surprised world record holder Aries Merritt in the hurdles, running 13.24 to Merritt's 13.31. Collegian Deajah Stevens took down Olympic bronze medallist Tori Bowie in the women's 200, also run into a headwind. The toss came moments after reigning world champion Joe Kovacs had unleashed a throw of 22.35 metres for the lead. Crouser and Kovacs will be joined on the U.S. world championships team by former U.S. champion Ryan Whiting(21.54).
June 26, 2017 00:11 UTC
MOSCOW: Martin Rodriguez rescued a 1-1 draw for Chile against Australia on Sunday to send the South American champions through to a Confederations Cup semi-final against Portugal. James Troisi steered Australia ahead on 42 minutes in Moscow, but Chile replied through half-time substitute Rodriguez on 67 minutes to advance as Group B runners-up behind Germany. Chile’s coach insisted they had not underestimated Australia after Troisi gave the Socceroos a shock lead. “In fact that could have been a quarter-final in the World Cup, such was the level of this game,” said Juan Antonio Pizzi. Claudio Bravo returned for Chile following a calf injury and the Manchester City goalkeeper produced a smart block to deny a lunging Massimo Luongo, although Australia forged ahead on 42 minutes.
June 26, 2017 00:00 UTC
MADRID: Hundreds of firefighters battled Sunday to contain a fire after it broke out at a nature reserve in southern Spain, prompting the evacuation of more than 1,800 people, authorities said. The fire forced authorities to evacuate 1,850 people, many of whom were staying at a camp site, the Andalusian authorities said. The blaze started overnight Saturday and had by morning encroached on the Donana Natural Park at Moguer in the southern region of Andalusia, Jose Fiscal, deputy head of the regional environment protection authority, told Spanish television. Fighting the blaze was exacerbated by the wind and heat, an emergency services spokesman told AFP. Spain was hit by a spate of forest fires in 2015 and officials said some of those could had been started deliberately.
June 25, 2017 23:48 UTC
LOS ANGELES: The American company SpaceX on Sunday successfully placed 10 satellites for the communications company Iridium into orbit using a Falcon 9 rocket. SpaceX has successfully landed multiple rockets on both land and water, as part of its effort to bring down the cost of space flight by re-using multimillion dollar components instead of jettisoning them in the ocean after launch. It was the second series of Iridium satellites launched by SpaceX, after a set of 10 were delivered in January. In total SpaceX, which is headed by billionaire entrepreneur Elon Musk, will launch a series of 75 satellites for Iridium’s satellite constellation, Iridium NEXT by 2018. The US$3 billion project is a bid to upgrade the Virginia-based Iridium’s global communications network.--AFP
June 25, 2017 23:37 UTC
HALLE WESTFALEN: Swiss great Roger Federer thrashed Alexander Zverev to win his ninth Halle title on Sunday and admitted he’s feeling fresh ahead of his assault on an eighth Wimbledon crown next month. Federer will head into Wimbledon, which starts on July 3, as favourite to win an outright record eighth title and surpass the mark of seven he currently shares with Pete Sampras. “It’s a boost for me personally, with my confidence, knowing that my body is in good shape. Zverev, 20, battled hard to stay with his illustrious opponent at the start of the second set, but failed to make any inroads into the Federer serve. A trademark forehand passing shot and a comfortable service game moved Federer to within a game of victory.
June 25, 2017 23:37 UTC
LOS ANGELES: Transformers: The Last Knight smashed its way to the top of the North American box office, industry estimates showed Sunday, sending last week’s hit Cars 3 to second place. The fifth installment of the blockbuster franchise took in US$45.3 million in its opening weekend but opened to a franchise low – the first Transformers movie not to premier to US$100 million or more. Speeding into second was the third installment in Pixar’s Cars franchise, with US$25.2 million in its second weekend. The action film starring Gal Gadot has made a total of US$318.3 million in domestic ticket sales in four weeks, according to industry tracker Exhibitor Relations. Coming in fifth was The Mummy, starring Tom Cruise, which made US$5.8 million.
June 25, 2017 23:15 UTC
BOGOTA: At least three people died and 30 were missing after a boat carrying some 150 tourists sank in a reservoir in northwestern Colombia on Sunday, police said. "So far we have three people deceased" and "approximately 30 missing," police commander Jorge Hernando Nieto said on BluRadio. The reservoir is 68 kilometers (40 miles) from the city of Medellin and one of Antioquia department's main tourist draws. "The area is a bit difficult to reach and various rescue and emergency teams have started joining in," he said on BluRadio. President Juan Manuel Santos said on Twitter the air force and emergency services were deploying to deal with the emergency in Guatape.
June 25, 2017 23:15 UTC
WASHINGTON: Jordan Spieth sank a bunker shot on the first playoff hole Sunday to defeat US compatriot Daniel Berger and win the Travelers Championship for his 10th career US PGA title. On the par-4 18th hole in the playoff, Spieth hit a tree off the tee but the ball bounded into the fairway. Berger answered with a seven-foot birdie putt at the par-4 17th to match Spieth on 12-under. Both players parred 18 to set up the playoff, each finding a greenside bunker then blasting out to three feet and making the par putt. Spieth stumbled again at the 12th, missing a seven-foot par putt to fall to 12-under, then lipped out a four-foot birdie putt before parring 13.
June 25, 2017 23:03 UTC
Bogota (AFP) - At least nine people were dead and 28 missing after a tourist boat sank for unknown reasons in a reservoir in Colombia Sunday, authorities said, sharply raising an earlier toll. Officials did not say what caused the four-deck Almirante to go down in the El Penol reservoir in the tourist town of Guatape, where Colombian and foreign tourists take leisure cruises. The reservoir is 68 kilometers (40 miles) from the city of Medellin and one of Antioquia department’s main tourist draws. ”The area is a bit difficult to reach and various rescue and emergency teams have started joining in,” he said on BluRadio. President Juan Manuel Santos said on Twitter the air force and emergency services were deploying to deal with the emergency in Guatape.
June 25, 2017 22:56 UTC