Bloomberg.com
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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 ...

  • Singapore's Home Sales Gain With Annual Tally Highest Since 2013

    bloomberg.com 15 Dec '17, 6am

    Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects. Developers sold 785 units last month, up from a revised 760 in October, according to Urban Redevelopment Authority data released Friday. They ...

  • Coal Is Fueling Bitcoin’s Meteoric Rise -

    bloomberg.com 15 Dec '17, 5am

    The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world consequences in the form of massive energy use -- includi...

  • Buying Bitcoin More Like Gambling Than Investing, Poloz Says

    bloomberg.com 14 Dec '17, 6pm

    Cryptocurrencies such as bitcoin are a gamble to Canada’s central bank chief. Bank of Canada Governor Stephen Poloz, delivering his last speech of the year Thursday in Toronto, said currencies must act as a reliable store of value and should be able to be easily spent. “What their tru...

  • Turning Coal Into Bitcoin? The Dirty Secret of 2017's Hottest Market

    bloomberg.com 15 Dec '17, 1am

    The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world consequences in the form of massive energy use -- includi...

  • Bitcoin Trading Thrives Wherever Regulators Crack Down Most

    bloomberg.com 14 Dec '17, 2am

    Bitcoin trading expanded faster this year in emerging markets than developed ones -- and quickest of all in places where authorities tried to crack down. Somewhere, Satoshi Nakamoto is smiling. After all, avoiding bank and government oversight, and sidestepping the eroding effects of ...

  • Yellen says bitcoin is a "highly speculative asset"

    Yellen Says Bitcoin Is a ‘Highly Speculative Asset’ - Bloomberg

    bloomberg.com 13 Dec '17, 9pm

    Federal Reserve Chair Janet Yellen called the digital currency bitcoin a “highly speculative asset” that “doesn’t constitute legal tender.” Bitcoin, the cryptocurrency, has surged about 17 times in value this year, prompting caution from central bankers around the world. “Bitcoin at t...

  • These Guys Want to Lend You Money Against Your Bitcoin

    bloomberg.com 14 Dec '17, 6am

    The woes of an early bitcoin investor. Until recently, people who paid virtually nothing for the virtual currency and watched it soar had only one way to enjoy their new wealth -- sell. And many weren’t ready. Lenders on the fringe of the financial industry are now pitching a solution...

  • Singapore Air Says Capacity Still a Challenge as Review Proceeds

    bloomberg.com 14 Dec '17, 8am

    Singapore Airlines Ltd.’s chief executive officer said that surplus capacity in the industry remains a challenge and the marquee carrier’s focus continues to be on delivering cost-efficient services. The group is in the midst of a review to fend off intensifying competition from Middl...

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