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Bloomberg.com

Bloomberg is a premier site for updated business news and financial information. It delivers international breaking news, stock market data and personal ...

  • gold

    Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense

    bloomberg.com 27 Nov '14, 4am

    The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent of the virtual currency bitcoin. “There is no economic or financial case for a central bank to hold any s...

  • Peer-to-Peer Currencies: What’s Driving Bitcoin? | Bloomberg Professional Service

    bloomberg.com 25 Nov '14, 12pm

    Peer-to-Peer Currencies: What’s Driving Bitcoin? Peer-to-peer currencies are nothing new, but their usage continues to evolve. The most widely talked about such currency is bitcoin. And while bitcoin may not have lived up to the early hype of replacing government-issued paper money, t...

  • Singapore economic growth exceeds previous estimate on manufacturing

    Singapore Predicts 3% Growth This Year as Global Outlook Falters

    bloomberg.com 25 Nov '14, 1am

    Singapore said a global slowdown in the final months of the year will cap full-year economic growth at about 3 percent before an uneven recovery in 2015. The island’s expansion will probably ease after gross domestic product rose 3.3 percent in the first three quarters from a year ear...

  • Aurel Bacs on What It Feels Like to Win a $24 Million Watch - #Luxury #Watches

    Aurel Bacs on What It Feels Like to Win a $24 Million Watch

    bloomberg.com 23 Nov '14, 9am

    That is one of the most beautiful watches, in absolute terms. The 2523 reference is one of the most gorgeous, most sophisticated post-war Patek Philippe references. When you look at that case, it has those sculpted lugs with multiple facets that really don't respond well to polishing,...

  • Bitcoin Startup Buttercoin Draws Wedbush as Investor

    bloomberg.com 18 Nov '14, 1pm

    (Corrects third paragraph to remove reference to when fundraising round will close.) Wedbush Securities Inc., the Los Angeles-based financial-services firm founded in 1955 by friends fresh out of college, took a stake in bitcoin venture Buttercoin and is using the platform to buy and ...

  • Bitcoin Auction Winner Draper to Bid Again in December via @BloombergNews

    Bitcoin Auction Winner Draper to Bid Again in December

    bloomberg.com 18 Nov '14, 5pm

    Venture capitalist Tim Draper, the sole winner in a June auction of about 30,000 bitcoins, said he plans to bid again when the U.S. government sells an even bigger cache of the virtual currency next month. “I am a big believer in bitcoin, and I believe it to be one of the most importa...

  • Singapore Condo Drop Makes City Carry-Trade Source: Asean Credit

    bloomberg.com 14 Nov '14, 3am

    “The combination of low implied volatility and and low yield renders the Singapore dollar the most efficient funding currency for high-yielding Asian currencies,” Sue Trinh , a senior currency strategist at Royal Bank of Canada in Hong Kong , wrote in a Nov. 7 research report. “We see...

  • Singapore to Face Fire Sales With Home Curbs, Developer Says

    bloomberg.com 13 Nov '14, 3am

    Singapore’s housing market may face “fire sales” with mortgage defaults as the government’s property curbs hurt home sales and prices, the city-state’s second-biggest developer said. City Developments Ltd. (CIT) , which built luxury condominiums such as St. Regis Residences near the O...

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