bloomberg.com Archives - 03 May 2016, Tuesday

  • via @technology

    Bitcoin Users Would Face Jail Under Russian Cryptocurrencies Law

    bloomberg.com 28 Apr '16, 10am

    Russia is planning to punish users of cryptocurrencies such as bitcoin, saying anonymous, difficult to trace transactions help kidnappers and money launderers. QuickTake Bitcoin and the Blockchain The Finance Ministry in Moscow plans to submit legislation next month that would punish ...

  • Singapore's Unemployment Rate Unchanged at 1.9% in First Quarter

    bloomberg.com 28 Apr '16, 5am

    Singapore’s unemployment rate was unchanged at 1.9 percent in the first quarter, the Ministry of Manpower said. The economy added 11,400 jobs in the quarter, compared with 16,100 in the previous three months, the ministry said in a preliminary report Thursday. The median estimate in a...

  • Singapore Central Bank Sees Company Margins Under Further Strain

    bloomberg.com 27 Apr '16, 5am

    Singapore’s central bank said company margins may come under pressure because of a weakening global economy, putting the labor market under further strain. Wage growth in the city state may slow to 2.5 percent to 3 percent this year, below the 3.5 percent seen last year, the Monetary ...

  • Singapore Bets on Rising Asia Middle Class to Help Spur Economy

    bloomberg.com 25 Apr '16, 10pm

    The rise of the Asian middle class will remain the dominant regional growth story for years to come, enough to help Singapore cope with headwinds from the global economy, a top official said. Even though the city-state’s economy is coming under strain, observers shouldn’t discount pos...

  • via @luxury

    Best Airline Meals on Etihad, Cathay, Singapore, Qatar, Emirates

    bloomberg.com 25 Apr '16, 10pm

    Ever since Count Ferdinand von Zeppelin served his guests turtle bouillon, lamb chops and champagne on the world’s first international passenger flight in 1912, on-board catering has been key to winning the hearts and stomachs of top-paying passengers. These days, about 4 million meal...

  • India Said to Plan Easing Rules Aiding Singapore Air, AirAsia

    bloomberg.com 25 Apr '16, 12pm

    India is planning to ease rules for domestic airlines to start international flights, a move that will benefit the local affiliates of Singapore Airlines Ltd. and AirAsia Bhd., three people familiar with the process said. Under new rules, local carriers won’t have to wait for at least...

  • Singapore Consumer Prices Decline in Longest Slump on Record

    Singapore Consumer Prices Decline in Longest Slump on Record

    bloomberg.com 25 Apr '16, 5am

    Singapore’s consumer prices fell for a 17th consecutive month in March, the longest period of decline on record, reflecting the impact of lower oil costs and a weakening economy. Consumer prices dropped 1 percent from a year earlier as transport and housing costs fell further, the sta...

  • Bitcoin's Big Boom: When Will Blockchain Go Mainstream?

    bloomberg.com 22 Apr '16, 9pm

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

  • Singapore Charges Ex-Banker Following 1MDB Probe

    Singapore Charges Ex-Banker Following 1MDB Probe

    bloomberg.com 22 Apr '16, 3am

    Singapore authorities have charged a former private banker with money laundering, following their probe into an embattled Malaysian state investment fund, according to people familiar with the case. Yeo Jiawei, a former wealth planner at the Singapore arm of Swiss private bank BSI SA,...

  • Tenants Rule as Singapore's Home, Office and Retail Rents Drop

    Tenants Rule as Singapore's Home, Office and Retail Rents Drop

    bloomberg.com 22 Apr '16, 3am

    It’s a good time to be a tenant in Singapore. Rentals across the city-state’s home, office and retail properties dropped in the quarter ended March as an oversupply and weak demand dragged down prices sought by landlords. Singapore’s home rental index dropped 1.3 percent in the three ...

  • Singapore Raids Brokers; Exchange Reports Irregularities

    bloomberg.com 22 Apr '16, 3am

    Singapore authorities raided a number of brokerages in a probe of possible breaches of the securities law, while the stock exchange reported several cases related to alleged insider trading and market manipulation as the city sought to protect its reputation as a financial center. The...

  • Singapore Raids Brokers; Exchange Reports Irregularities

    bloomberg.com 22 Apr '16, 1am

    Singapore authorities raided a number of brokerages in a probe of possible breaches of the securities law, while the stock exchange reported several cases related to alleged insider trading and market manipulation as the city sought to protect its reputation as a financial center. The...

  • Apple Pay and Bitcoin Are No Match for Harriet Tubman's $20 Bill - Bloomberg

    Apple Pay and Bitcoin Are No Match for Harriet Tubman’s $20 Bill -

    bloomberg.com 21 Apr '16, 1pm

    In replacing Andrew Jackson on the $20 bill, Harriet Tubman is getting pride of place in the American wallet. Despite hype for Apple Pay, Bitcoin, and other alternative payment methods, cash is still king for the vast majority of Americans. And the twenty is the most important bill, m...

  • Asia's Rich Urged to Buy Dollars as Singapore Fuels Easing Bets

    Asia's Rich Urged to Buy Dollars as Singapore Fuels Easing Bets

    bloomberg.com 18 Apr '16, 10pm

    Money managers for Asia’s wealthy families are telling clients to buy U.S. dollars as a rally this year in regional currencies begins to sputter. Credit Suisse Group AG is advising its private-banking clients to bet the greenback will gain versus a basket of peers that includes the So...

  • Singapore's Non-Oil Exports Plunge Most in Three Years in March

    bloomberg.com 18 Apr '16, 12am

    Singapore’s exports plunged the most in more than three years in March, providing more evidence of a weakening economy. Non-oil domestic exports dropped 15.6 percent in March from a year earlier, worse than the median estimate of a 12.3 percent decline in a Bloomberg survey of 15 econ...

  • Big brands flooding #Philippines tempers Prada, Gucci seller's profit view

    Philippine Prada Seller Tempers Outlook as Luxury Floods In

    bloomberg.com 17 Apr '16, 11pm

    The largest Philippine seller of luxury brands such as Jimmy Choo shoes and Prada handbags says investors and analysts should temper earnings expectations, with competition among retailers squeezing margins -- even as consumer spending shows no signs of letting up. Intensifying compet...

  • Airbus Sets Up Singapore Academy to Ease Asia Pilot Shortage

    Airbus Sets Up Singapore Academy to Ease Asia Pilot Shortage

    bloomberg.com 17 Apr '16, 10pm

    Airbus Group SE is setting up its second academy to train pilots in Asia, where a rash of startup airlines and new aircraft coming in is causing a surge in demand for captains and first officers. Airbus will open the center in Singapore Monday in partnership with Singapore Airlines Lt...

  • Singapore surprise, IEA sees end to oil oversupply and BOE decision

    bloomberg.com 14 Apr '16, 10am

    Want to receive this post in your inbox every morning? Sign up here Singapore delivers a surprise, IEA sees the oil oversupply easing and Bank of England is on deck. Here are some of the things people in markets are talking about today. Singapore's surprise The Monetary Authority of S...

  • Emerging Currencies Halt Rally as Singapore Flags Growth Risks

    bloomberg.com 14 Apr '16, 3am

    Emerging-market currencies fell for the first time in six days as Singapore surprised markets by easing monetary policy, spurring speculation other Asian central banks will follow suit. Malaysia’s ringgit dropped the most in three weeks and all of its regional counterparts weakened as...

  • Asian Stocks Extend Rally as Singapore Policy Move Hits Currency

    U.S. Stocks Little Changed on Earnings as Oil Retreats With Gold

    bloomberg.com 14 Apr '16, 12am

    U.S. stocks were little changed near a four-month high amid mixed corporate earnings, while global equities capped a fifth straight advance on gains in Europe and Asia. Commodities retreated after oil slipped and the dollar’s strength sent metals lower. The Standard & Poor’s 500 Index...

  • Singapore Surprise Policy Easing Spurs Asia-Wide Currency Rout

    bloomberg.com 14 Apr '16, 12am

    Singapore’s dollar slumped the most since August, dragging down other Asia-Pacific currencies, as surprise easing by the central bank fueled speculation other policy makers in the region will follow suit. New Zealand’s dollar, Malaysia’s ringgit and Indonesia’s rupiah also weakened af...

  • via @business

    Singapore Eases Monetary Policy as Economy Grinds to a Halt

    bloomberg.com 14 Apr '16, 12am

    Singapore’s central bank eased its monetary stance by drawing a line against currency appreciation after the trade-dependent city-state’s economic growth ground to a halt last quarter. The Monetary Authority of Singapore moved to a neutral policy stance of zero percent appreciation in...

  • Singapore Air Is Facing a $3.2 Billion Dilemma

    bloomberg.com 13 Apr '16, 4pm

    Singapore Airlines Ltd. has a decision to make: throw more cash at Virgin Australia Holdings Ltd., which has burned up shareholder wealth in four of the past five years, or risk an unwelcome rival muscling in. A power-sharing agreement at Australia’s second-largest airline -- owned al...

  • Singapore to Regulate Fintech Firms Only When They Pose Risk

    bloomberg.com 13 Apr '16, 3am

    Singapore will start to regulate its financial technology companies only when they grow to a sufficient size to pose risks to the wider financial system, the managing director of the country’s central bank said. "If you start regulating every one of those, you stifle a lot of innovati...

  • Singapore Set to Forgo Easing to Save Tools for 'Brexit,' China - Bloomberg

    Singapore Set to Forgo Easing to Save Tools for 'Brexit,' China

    bloomberg.com 13 Apr '16, 12am

    Singapore’s central bank will probably refrain from easing policy when it meets Thursday, saving its ammunition to fight a faltering global economy and political shocks that may spark turmoil later in the year. The Monetary Authority of Singapore, which manages the economy through the...

  • Damage Extensive for Crippled U.S. Littoral Ship in Singapore

    bloomberg.com 08 Apr '16, 10am

    The USS Fort Worth, the third Littoral Combat Ship deployed by the U.S. Navy, suffered “extensive damage” during the botched maintenance procedure in January that’s left the crippled vessel sidelined in Singapore ever since, according to the service’s top weapons buyer. A Navy team ha...

  • Singapore Boards Are Killing Value - Bloomberg Gadfly

    bloomberg.com 08 Apr '16, 4am

    Four months ago, Singapore Post was an attractive e-commerce logistics company with Alibaba as its second-largest shareholder. The Chinese Internet giant is still around, but SingPost is starting to look like what it was before the online retail revolution: A dead letter office for sh...

  • Singapore Overtakes Hong Kong as World's No. 3 Financial Center

    bloomberg.com 08 Apr '16, 1am

    Singapore edged past Hong Kong as the world’s No. 3 financial center, according to a survey by London-based research firm Z/Yen Group. The Southeast Asian city-state ranks behind London and New York, and two points ahead of Hong Kong on the Global Financial Centres Index , published A...

  • Damage Extensive for Crippled U.S. Littoral Ship in Singapore

    bloomberg.com 07 Apr '16, 11pm

    The USS Fort Worth, the third Littoral Combat Ship deployed by the U.S. Navy, suffered “extensive damage” during the botched maintenance procedure in January that’s left the crippled vessel sidelined in Singapore ever since, according to the service’s top weapons buyer. A Navy team ha...

  • Singapore's Retail Bond Boom Is Over - Bloomberg

    Singapore's Mom-and-Pop Investors are Losing Their Fervor for Bonds

    bloomberg.com 07 Apr '16, 6pm

    Singapore’s mom-and-pop investors are losing their fervor for bonds as the economy cools, after the amount of notes sold to individual investors was twice initial public stock offerings in 2015. Prices on the exchange-traded notes are beginning to converge with those sold to instituti...