bloomberg.com Archives - 12 March 2013, Tuesday

  • Tiffany & Co, Harry Winston to follow Louis Vuitton in raising prices to offset yen’s 11% slide |

    Vuitton to Tiffany Seen Pressured in Japan by Weaker Yen

    bloomberg.com 12 Mar '13, 9pm

    Enlarge image Vuitton to Tiffany Seen Pressured in Japan by Weaker Yen Kiyoshi Ota/Bloomberg A pedestrian walks past an Emporio Armani store, operated by Giorgio Armani SpA, in the Omotesando district of Tokyo. Japan’s economy has been mired in deflation for the last 15 years, prompti...

  • Singapore police to share evidence with FBI on death of U.S. engineer

    Singapore Police to Share Evidence With FBI on Death

    bloomberg.com 12 Mar '13, 12pm

    The Singapore police said it will share evidence with the U.S. Federal Bureau of Investigation relating to the death of Shane Todd, an American research engineer who worked in the city. “The Singapore Police Force and FBI have engaged in several discussions and are working together,” ...

  • Former U.S. President Bush’s Brother to Invest in Singapore Firm -

    bloomberg.com 12 Mar '13, 3am

    Former U.S. President George W. Bush’s brother will become the chairman of SingXpress Land Ltd. (SINX) as he invests in the Singapore-based real estate developer. The stock surged to an 11-month high. Neil Bush is buying shares of the company as it raises S$226.5 million through a rig...

  • ARA CEO Plans to Double Assets by Boosting Property Funds

    bloomberg.com 12 Mar '13, 3am

    ARA Asset Management Ltd. (ARA) , a manager of real estate trusts partly owned by billionaire Li Ka- shing, wants to double assets under management over five years as its private funds buy more properties. ARA, which manages about S$22.1 billion ($17.7 billion) of assets through real ...

  • Qantas Discounts Fares in Asia to Fill 40% More Singapore Seats

    bloomberg.com 12 Mar '13, 1am

    Qantas Airways Ltd. (QAN) , Australia’s largest carrier, is discounting flights to Asia to lure more passengers as an alliance with Emirates adds 40 percent more seats on routes to Singapore . The carrier has “still got a lot of capacity to fill” on aircraft flying to and from Asia, S...

  • #OpenFollow Kerry Briefed on U.S. Researcher's Singapore Death, Family Says - Bloomberg #Singapore

    Kerry Briefed on U.S. Researcher’s Singapore Death, Family Says -

    bloomberg.com 08 Mar '13, 6am

    A probe into the death of an American research engineer in Singapore was discussed at a meeting between U.S. Secretary of State John Kerry and Democrat Senator Max Baucus of Montana , the family of the deceased said. Rick Todd said the family disputed the Singapore police’s conclusion...

  • CapitaLand Drops on Housing Curbs Speculation: Singapore Mover

    bloomberg.com 08 Mar '13, 5am

    CapitaLand Ltd. (CAPL) headed for the lowest close in three months, leading declines among the city’s property stocks, on speculation the government will introduce additional measures to cool the housing market. Southeast Asia’s biggest developer sank as much as 3.5 percent to S$3.60 ...

  • Singapore Exchange plans to introduce Thai, Philippine futures

    Singapore Bourse Plans Thai, Philippine Futures

    bloomberg.com 07 Mar '13, 4pm

    Singapore Exchange Ltd. (SGX) will increase revenue from derivatives 10 percent to 15 percent this year as the operator of Southeast Asia’s biggest bourse introduces more products linked to benchmark stock indexes in the region, President Muthukrishnan Ramaswami said in an interview. ...

  • Singapore Ambassador Met U.S. Senator on Engineer's Death - Bloomberg

    Baucus Demands Answers on Engineer Death in Singapore

    bloomberg.com 06 Mar '13, 5am

    U.S. Senator Max Baucus said he is “nowhere close” to resolving his questions about the death of an American research engineer in Singapore . Baucus, a Montana Democrat, met on March 5 with Singapore’s ambassador to the U.S., Ashok Kumar Mirpuri, and said yesterday he has more meeting...

  • Maersk plans to add more vessels to its Singapore base

    Maersk Line to Add More Ships to Singapore Base: Southeast Asia

    bloomberg.com 06 Mar '13, 1am

    A.P. Moeller-Maersk A/S (MAERSKB) , owner of the world’s biggest container-shipping company, plans to add more vessels to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark. Maersk has about 120 ships under the Singapore flag, the most aft...

  • FBI to Help Singapore Police in Probe of Engineer’s Death

    FBI to Help Singapore Police in Probe of Engineer’s Death -

    bloomberg.com 04 Mar '13, 2am

    The Federal Bureau of Investigation will assist Singapore police in a probe into the death of an American research engineer in the Asian city. The Singapore police had asked the family of Shane Todd to share any evidence in their possession related to his death with the local authorit...

  • Singapore Avoids Stimulus as Minister Acts to Curb Bubble Risk

    Singapore Avoids Stimulus as Minister Acts to Curb Bubble Risk

    bloomberg.com 28 Feb '13, 11pm

    Singapore Finance Minister Tharman Shanmugaratnam said there’s no need for monetary stimulus in a country with full employment, leaving policy makers reliant on unorthodox tools to prevent asset bubbles. “We don’t have an output gap, and evidence of that is in an extremely tight labor...

    Related:
    1. The Bitcoin Bubble That Wasn't forbes.com 01 Mar '13, 1am
  • Singapore's Canary Wharf-topping condos damp dollar

    Singapore’s Canary Wharf-Topping Condos Damp Dollar -

    bloomberg.com 28 Feb '13, 3am

    Currency strategists are abandoning their forecasts for a record-setting rally in the Singapore dollar as government measures to rein in property prices reduce pressure on the central bank to cool inflation. The local dollar will likely rise 2.2 percent to S$1.21 versus its U.S. count...

  • traders

    UBS Sued by Two Singapore Traders Fired After Rate Probe

    bloomberg.com 28 Feb '13, 2am

    UBS AG was sued for wrongful dismissal by two former traders in Singapore who claimed they were fired in a bid by the bank to cover up its role in allegedly manipulating key reference rates. Mukesh Kumar Chhaganlal, the bank’s former co-head of macro-trading for emerging markets in As...

  • Coach Rises on Report Company May Consider Sale

    bloomberg.com 27 Feb '13, 4pm

    Coach Inc. (COH) , the largest U.S. luxury- handbag maker, rose after DealReporter said there is speculation the company may consider a sale. The shares climbed 2.8 percent to $47.82 at the close in New York . The New York-based company slid 14 percent this year, compared with a 6.7 p...

  • 101-Year Old Marathoner Is Hanging Up His Sneakers: Video

    bloomberg.com 26 Feb '13, 12pm

    Feb. 25 (Bloomberg) -- Mia Saini reports that the world's oldest marathoner is retiring. She speaks on Bloomberg Television's "Taking Stock." (Source: Bloomberg) Please enable JavaScript to view the comments powered by Disqus.

  • Singapore to Raise Property Tax Rates for Luxury Homeowners

    bloomberg.com 26 Feb '13, 9am

    Singapore plans to raise taxes for luxury homeowners and investment properties, widening a four- year campaign to curb speculation after prices in Asia ’s second- most expensive housing market rose to a record. The higher tax will apply to the top 1 percent of homeowners who live in t...

  • Singapore's manufacturing unexpectedly falls on pharmaceuticals

    Singapore’s Manufacturing Unexpectedly Falls on Pharmaceuticals -

    bloomberg.com 26 Feb '13, 5am

    Singapore ’s industrial production unexpectedly declined in January as demand for electronics and pharmaceuticals faltered. Manufacturing fell 0.4 percent from a year earlier after a revised 1.3 percent gain in December, the Economic Development Board said in a report today. The media...

  • Singapore to Raise Property Tax Rates for Luxury Homeowners

    bloomberg.com 25 Feb '13, 12pm

    Singapore plans to raise property levies for luxury homeowners as it seeks to tax the wealthy residents in the island state after the government imposed more measures to curb property speculation last month. Singapore will raise tax rates for vacant investment properties or those that...

  • Singapore's January Inflation Slows More Than Estimated on Food - Bloomberg

    Singapore’s January Inflation Slows More Than Estimated on Food -

    bloomberg.com 25 Feb '13, 5am

    Singapore’s inflation slowed more than economists estimated in January as gains in food and housing costs eased. The consumer price index rose 3.6 percent from a year earlier, after climbing 4.3 percent in December, the Department of Statistics said in a statement today. The median es...

  • Burberry, Tiffany seen attracting Louis Vuitton owner LVMH--> $MC $BRBY $TIF #mna #luxurygoods #highfashion

    Burberry to Tiffany Seen Attracting LVMH: Real M&A

    bloomberg.com 22 Feb '13, 1pm

    Enlarge image Burberry to Tiffany Seen Attracting LVMH as Sales Slow Alessia Pierdomenico/Bloomberg Louis Vuitton-branded shoes sit on display inside the company's "Etoile" store in Rome. While an acquisition of another luxury line could help to boost growth at LVMH, the company is st...

  • Singapore Seeks to Repeat Biomedical Success in Space Industry

    bloomberg.com 22 Feb '13, 5am

    Singapore , which is planning to send a citizen into space in 2015, said it hopes its foray into space technology will become as important a growth driver as its biomedical industry. The country can leverage its electronics sector to help develop a satellite industry, Ow Foong Pheng, ...

  • Singapore's economy grows more than estimated, adding to signs of resilient growth in Asia

    Singapore Economy Expanded More Than Expected in Fourth Quarter

    bloomberg.com 22 Feb '13, 12am

    Singapore ’s economy grew more than economists estimated last quarter after a smaller contraction in manufacturing, adding to evidence of resilient growth in Asia . Gross domestic product rose an annualized 3.3 percent in the three months through December from the previous quarter, wh...

  • Warren

    Buffett Track Record Boosts Brooks With Sneakers Surging

    bloomberg.com 21 Feb '13, 7am

    When Weber became CEO in 2001, he was Brooks’s fourth leader in about two years and the company was “basically bankrupt,” he said. At the time, the company was owned by private-equity firm J.H. Whitney & Co. Weber, who sat on the Brooks board, decided to aggressively focus the Bothell...

  • Singapore Companies Brace for Labor Curbs After Protest: Economy - Bloomberg

    Singapore Companies Brace for Labor Curbs After Protest: Economy

    bloomberg.com 21 Feb '13, 4am

    Singapore will probably force companies to further reduce their reliance on foreign labor in the 2013 budget, after a public backlash against the influx of workers led to the biggest demonstration in more than a decade. Finance Minister Tharman Shanmugaratnam may cut the ratio of over...

  • Louis Vuitton raises prices by 12% in Japan to offset weak yen

    LVMH Raises Vuitton Japan Prices Most Ever to Fight Weak Yen

    bloomberg.com 19 Feb '13, 2pm

    Enlarge image LVMH Raises Vuitton Japan Prices Most Ever to Fight Weak Yen Balint Porneczi/Bloomberg Shoppers stand in line and wait for access into a Louis Vuitton store in Paris. “In the last two or three years, Japanese customers were buying more and more abroad just to take advant...

  • Singapore, Malaysia Set 2020 Target for New High-Speed Rail Link

    Singapore, Malaysia Set 2020 Target for High-Speed Rail Link

    bloomberg.com 19 Feb '13, 6am

    A high-speed rail link between Singapore and the Malaysian capital of Kuala Lumpur may be completed by 2020, leaders of the two countries said today. The rail network will be a “huge game changer” and transform the way the two countries do business, Malaysian Prime Minister Najib Raza...

  • Singapore home sales rise as buyers rush sales ahead of government curbs

    Singapore Home Sales Rise as Buyers Rush Sales Before Curbs

    bloomberg.com 15 Feb '13, 5am

    Singapore home sales rose 43 percent in January from the previous month as buyers rushed to purchase homes right after the government announced cooling measures to ease residential prices. Home sales increased to 2,013 units in January from 1,410 units in December, according to data r...

  • Singapore’s Population Bubble -

    bloomberg.com 15 Feb '13, 12am

    Singaporeans are raring to do something extraordinary: protest. That might not seem like a big deal with the Arab Spring uprisings; Chinese journalists taking to the streets; and thousands of typically docile Japanese rallying against government policies. But tropical Singapore is the...

  • Putin Turns Black Gold to Bullion as Russia Outbuys World # #FF #TCOT #TGDN #NRA #Military #Teaparty #IMPEACH Bozo

    Putin Turns Black Gold to Bullion as Russia Outbuys World

    bloomberg.com 11 Feb '13, 7am

    When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metr...