bloomberg.com Archives - 23 April 2017, Sunday

  • Kate Spade’s Position Weakens as Handbag Retailer Explores Sale -

    bloomberg.com 21 Apr '17, 3pm

    Kate Spade & Co.’s first quarterly sales decline in almost eight years couldn’t have come at a worse time. The New York-based handbag maker put itself up for sale in February and has attracted interest from high-end rivals Coach Inc. and Michael Kors Holdings Ltd. , according to peopl...

  • Kate Spade’s Position Weakens as Handbag Retailer Explores Sale -

    bloomberg.com 21 Apr '17, 10am

    Kate Spade & Co.’s first quarterly sales decline in almost eight years couldn’t have come at a worse time. The New York-based handbag maker put itself up for sale in February and has attracted interest from high-end rivals Coach Inc. and Michael Kors Holdings Ltd. , according to peopl...

  • Norwegian Air Takes on Asian Rivals With $230 Fares to Singapore

    bloomberg.com 20 Apr '17, 4pm

    Norwegian Air Shuttle ASA will fly from London to Singapore beginning this fall, taking on British Airways and Singapore Airlines Ltd. as it expands its long-haul budget services in Asia. Tickets on the new route will start at 179 pounds ($230) one-way, with “premium” seats priced fro...

  • Norwegian Air Takes on Asian Rivals With $230 Fares to Singapore

    bloomberg.com 20 Apr '17, 2pm

    Norwegian Air Shuttle ASA will fly from London to Singapore beginning this fall, taking on British Airways and Singapore Airlines Ltd. as it expands its long-haul budget services in Asia. Tickets on the new route will start at 179 pounds ($230) one-way, with “premium” seats priced fro...

  • Alibaba's Singapore Unit Enlists Uber, Netflix to Lure Customers

    bloomberg.com 20 Apr '17, 4am

    Alibaba Group Holding Ltd. has created a loyalty program for online shoppers in Singapore that it may expand to other markets, teaming up with Uber Technologies Inc. and Netflix Inc. to lure customers. It’s the first time Uber and Netflix have jointly created an online rewards program...

  • Alibaba's Singapore Unit Enlists Uber, Netflix to Lure Customers

    bloomberg.com 20 Apr '17, 4am

    Alibaba Group Holding Ltd. has created a loyalty program for online shoppers in Singapore that it may expand to other markets, teaming up with Uber Technologies Inc. and Netflix Inc. to lure customers. It’s the first time Uber and Netflix have jointly created an online rewards program...

  • 'Recession-Proof' Student Housing Attracts Singapore Investors

    bloomberg.com 20 Apr '17, 1am

    Singapore’s sovereign wealth fund and the city-state-based real estate investor helped fuel a record $16.2 billion of student-housing acquisitions last year, and a further $3.3 billion of deals were struck in the first quarter of 2017, according to Real Capital Analytics Inc. Student ...

  • 'Recession-Proof' Student Housing Attracts Singapore Investors

    bloomberg.com 19 Apr '17, 11pm

    Singapore’s sovereign wealth fund and the city-state-based real estate investor helped fuel a record $16.2 billion of student-housing acquisitions last year, and a further $3.3 billion of deals were struck in the first quarter of 2017, according to Real Capital Analytics Inc. Student ...

  • Singapore Businesses Brace for Higher Costs

    bloomberg.com 18 Apr '17, 10pm

    Businesses in Singapore are bracing for higher costs in a country that’s already among the world’s most expensive to live in. From a 30 percent increase in water prices to higher diesel costs to a looming carbon tax , manufacturers are being forced to adjust their operations to remain...

  • Singapore Is Asia's Best in Attracting Talent Amid Digital Push

    bloomberg.com 18 Apr '17, 3pm

    Singapore ranks the highest in Asia in attracting and developing talent, reflecting not only its world-class education system but how it’s adapting skills in the digital era. The city-state took the No. 2 spot behind Switzerland on the Global Talent Competitiveness Index, published on...

  • Want To Be a VC? Just Flip a Bitcoin - Bloomberg Gadfly

    bloomberg.com 18 Apr '17, 7am

    Initial public offerings are yesterday's news. Who would want to buy a share of a company that's wildly unprofitable and whose days of racy growth may be behind it? The alternative to the IPO? The ICO But there's now a geekier and greedier way to bet on a start-up: The ICO. The Initia...

  • Want To Be a VC? Just Flip a Bitcoin - Bloomberg Gadfly

    bloomberg.com 18 Apr '17, 7am

    Initial public offerings are yesterday's news. Who would want to buy a share of a company that's wildly unprofitable and whose days of racy growth may be behind it? The alternative to the IPO? The ICO But there's now a geekier and greedier way to bet on a start-up: The ICO. The Initia...

  • Singapore Is Asia's Best in Attracting Talent Amid Digital Push

    bloomberg.com 18 Apr '17, 6am

    Singapore ranks the highest in Asia in attracting and developing talent, reflecting not only its world-class education system but how it’s adapting skills in the digital era. The city-state took the No. 2 spot behind Switzerland on the Global Talent Competitiveness Index, published on...

  • Billionaire Taizo Son Ditches Japan to Start Afresh in Singapore

    bloomberg.com 17 Apr '17, 11am

    Singapore may have just added a new tech billionaire, but it had to lure him from Japan first. Taizo Son, who built his fortune on hit smartphone game Puzzle & Dragons, has relocated to the city-state from Tokyo and plans to invest $100 million in Southeast Asia within five years. The...

  • Billionaire Taizo Son Ditches Japan to Start Afresh in Singapore

    bloomberg.com 17 Apr '17, 9am

    Singapore may have just added a new tech billionaire, but it had to lure him from Japan first. Taizo Son, who built his fortune on hit smartphone game Puzzle & Dragons, has relocated to the city-state from Tokyo and plans to invest $100 million in Southeast Asia within five years. The...

  • Billionaire Taizo Son Ditches Japan to Start Afresh in Singapore

    bloomberg.com 17 Apr '17, 9am

    Singapore may have just added a new tech billionaire, but it had to lure him from Japan first. Taizo Son, who built his fortune on hit smartphone game Puzzle & Dragons, has relocated to the city-state from Tokyo and plans to invest $100 million in Southeast Asia within five years. The...

  • Singapore Home Sales Surge to Highest in Almost Four Years

    bloomberg.com 17 Apr '17, 6am

    Singapore home sales surged to the highest monthly total for nearly four years in March, a month in which the government rolled back some property curbs in March following a three-year slide in prices. Developers sold 1,780 units in March, the most in a month since June 2013 and more ...

  • Singapore Home Sales Surge to Highest in Almost Four Years

    bloomberg.com 17 Apr '17, 6am

    Singapore home sales surged to the highest monthly total for nearly four years in March, a month in which the government rolled back some property curbs in March following a three-year slide in prices. Developers sold 1,780 units in March, the most in a month since June 2013 and more ...

  • Singapore's Economy Contracts Annualized 1.9% in First Quarter

    bloomberg.com 13 Apr '17, 10am

    Singapore’s economy lost some of its momentum in the first quarter, contracting an annualized 1.9 percent from the previous three months. Key Points Preliminary estimates from the Ministry of Trade and Industry on Thursday showed gross domestic product declined on an annualized basis ...

  • Fund Managers Oppose Dual-Class Shares Plan in Singapore

    bloomberg.com 13 Apr '17, 9am

    International investors including BlackRock Inc. and the Ontario Teachers Pension Plan have voiced their concerns about moves to allow dual-class share listings in Singapore, saying they risk damaging the city’s stock market and harming the region. Dual-class shares will almost certai...

  • Fund Managers Oppose Dual-Class Shares Plan in Singapore

    bloomberg.com 13 Apr '17, 6am

    International investors including BlackRock Inc. and the Ontario Teachers Pension Plan have voiced their concerns about moves to allow dual-class share listings in Singapore, saying they risk damaging the city’s stock market and harming the region. Dual-class shares will almost certai...

  • Singapore Sticks to Neutral Monetary Policy as GDP Contracts

    bloomberg.com 13 Apr '17, 12am

    Singapore’s central bank left monetary policy unchanged after the economy contracted in the first quarter, saying the neutral stance is appropriate for an extended period of time. All except one of the 21 economists surveyed by Bloomberg predicted the decision. The Monetary Authority ...

  • Singapore's Economy Contracts Annualized 1.9% in First Quarter

    bloomberg.com 13 Apr '17, 12am

    Singapore’s economy lost some of its momentum in the first quarter, contracting an annualized 1.9 percent from the previous three months. Key Points Preliminary estimates from the Ministry of Trade and Industry on Thursday showed gross domestic product declined on an annualized basis ...

  • Chinese Backers Planning Singapore's Third Derivatives Exchange

    bloomberg.com 12 Apr '17, 11pm

    Singapore may be set to get a third derivatives exchange, this time backed by China. If the new bourse, which would be called Apex, goes ahead, it would be operated by Asia Investment Pte, according to people with knowledge of the matter. Asia Investment is majority-owned by former Ch...

  • EU Won’t Back Trade Deal If U.K. Chooses ‘Singapore-on-Thames’ - Bloomberg

    bloomberg.com 12 Apr '17, 1pm

    Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter. European Union states are unlikely to ratify a post-Brexit trade deal with the British government should the U.K. seek to recast itself as a regulation-light “Singapore-on-Thames,” according t...

  • EU Won’t Back Trade Deal If Britain Chooses ‘Singapore-on-Thames’ - Bloomberg

    bloomberg.com 12 Apr '17, 8am

    Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter. European Union states are unlikely to ratify a post-Brexit trade deal with the British government should the U.K. seek to recast itself as a regulation-light “Singapore-on-Thames,” according t...

  • EU Won’t Back Trade Deal If U.K. Chooses ‘Singapore-on-Thames’ - Bloomberg

    bloomberg.com 12 Apr '17, 8am

    European Union states are unlikely to ratify a post-Brexit trade deal with the British government should the U.K. seek to recast itself as a regulation-light “Singapore-on-Thames,” according to the EU’s ambassador to the World Trade Organization . “They don’t want a free-rider on thei...

  • Understanding the U.K.'s Strange Singapore Envy - Bloomberg View

    bloomberg.com 11 Apr '17, 3pm

    than most of the countries across the Channel, and London has been playing a role in Europe similar to that of Singapore in Asia for decades now. Global corporations, especially financial ones, have chosen Singapore and London as operations bases where the language is more familiar an...

  • Fortune, Mapletree, Frasers Are Among Best-Value Singapore REITs

    bloomberg.com 11 Apr '17, 9am

    “REIT managers have been in the limelight since the start of the year, ranging from unitholders’ outrage at Sabana REIT’s controversial proposed acquisitions to raised eyebrows over Keppel REIT’s rental reversion methodology restatement,” analysts Vikrant Pandey and Derek Chang at UOB...

  • Russia Caves In on Bitcoin to Open New Front on Money Laundering

    bloomberg.com 11 Apr '17, 5am

    Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recogniz...