Bitcoin flounders in Australia as regulatory worries bite *Australia estimated to hold 7 percent of bitcoin's global value. The development is a blow to hopes of bitcoin fans that the currency can play a significant role in everyday business transactions in developed economies, with Australia once seen as one of its most promising markets. "We've got a squeaky clean reputation, and that's actually worth a lot more to us...
| By: Byron Kaye and Swati Pandey
U.S. hedge funds brace for worst year since financial crisis BOSTON, Oct 2- U.S. hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. Since then, hedge funds have had only one down year, when they lost 5.25 percent in 2011, data from Hedge Fund Research show.
| By: Svea Herbst-Bayliss
INTERVIEW -EPA says post-VW emission regime permanent, more change possible Christopher Grundler, director of the EPA's Office of Transportation and Air Quality, told Reuters that new emission tests announced on Sept. 25 would continue "indefinitely" as part of the agency's effort to detect so-called defeat devices of the kind Volkswagen AG has admitted using to elude EPA laboratory emission tests for diesel vehicles.
| By: David Morgan