A man named as being the enigmatic creator of Bitcoin has denied having a role in the virtual unit, telling reporters he was "not involved." In an exclusive report, Newsweek identified a 64-year-old Japanese-American physicist as being the mysterious person known as "Satoshi Nakamoto" behind the Bitcoin revolution. However the man, who told the Associated Press (AP) his name is Dorian Prentice Satoshi Nakamoto, told reporters outside his modest two-story house in suburban Los Angeles: "I'm not involved in Bitcoin." Nakamoto, who was pursued by a media pack as he drove off for an interview at the AP's offices, told the agency that the first time he heard of Bitcoin was when his son told him he had been contacted by a Newsweek reporter three weeks ago.
China's first-ever default on a domestic corporate bond on Friday has sparked legal action by investors owed interest payments from a solar company, their lawyer said. Shanghai-based Chaori Solar Energy Science & Technology Co. said Tuesday it was unable to make full bond interest payments of 89.8 million yuan ($14.7 million). Chaori's board secretary, Liu Telong, confirmed Friday that the company was in default, Dow Jones Newswires reported. The development is being widely described as China's first ever corporate bond default, but analysts say that it could benefit the market in the long term by raising awareness of risk and making investors more selective.
A Malaysian couple have been sentenced to hang for murdering their Indonesian maid by starving her to death, according to reports Friday that said she weighed just 26 kilos (57 pounds) when she died. In the latest case of abuse against the legion of Indonesian migrant workers in Malaysia, the High Court ruled on Thursday that 26-year-old Isti Komariyah died of deliberate starvation in June 2011. Judge Noor Azian Shaari said Fong Kong Meng, 58 and his wife Teoh Ching Yen, 56, consistently withheld food from the young woman during the three years she worked for them. "She was 26 and weighed barely 26kg when she was taken to the University Malaya Medical Centre with bruises and scratch marks on her back, arms and forehead," The Star newspaper reported.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. But the size of the gain is nevertheless expected to be modest as the economy struggles to break free of the grip of unusually severe winter weather. Nonfarm payrolls probably increased by 149,000 last month, with the jobless rate holding at a five-year low of 6.6 percent, according to a Reuters survey of economists. Nonfarm payrolls averaged about 205,000 new jobs per month in the first 11 months of 2013, but that figure dropped to just 94,000 for December and January as the unseasonably cold and snowy winter disrupted economic activity.
By Alissa de Carbonnel and Luke Baker SIMFEROPOL, Ukraine/BRUSSELS (Reuters) - Crimea's parliament voted on Thursday to join Russia, and its Moscow-backed government set a referendum in 10 days, in a dramatic escalation of the crisis over the Ukrainian region that drew a sharp riposte from U.S. President Barack Obama. Obama ordered sanctions on those responsible for Moscow's military intervention in Ukraine, including bans on travel to the United States and freezing of their U.S. assets. He echoed European Union leaders and the pro-Western government in Ukraine in declaring that the proposed referendum would violate international law.
Tim Duncan tallied 23 points and 11 rebounds to power San Antonio to a 111-87 victory over Miami in a rematch of the two NBA finalists from last season. Tony Parker on Thursday finished with 17 points and four assists for the Spurs who snapped their five game regular season losing streak against the Heat. Miami beat the Spurs 113-101 on January 26 at home in the first meeting between the clubs since the Heat beat San Antonio last season to win their second consecutive league title.