bloomberg.com Archives - 21 July 2017, Friday

  • Bitcoin Gains Most Since May as Split Seen Being Avoided: Chart

    bloomberg.com 20 Jul '17, 3pm

    Bitcoin rallied as much as 16 percent to $2,624.87, the most since May 22, on optimism that a split of the digital currency will be avoided. Bloomberg News reported last week that about 85 percent of the miners who deploy costly computers to verify transactions and act as the backbone...

  • Nam Cheong to Restructure in Blow to Singapore Bond Market

    bloomberg.com 20 Jul '17, 5am

    Nam Cheong Ltd. is set to renege on some of its borrowings, in the latest blow to Singapore’s bond market as the shipbuilding and offshore oilfield services industry struggles to rebound from a slump in oil. The Kuala Lumpur-based group has decided to temporarily cease repayment on al...

  • Nam Cheong to Restructure in Blow to Singapore Bond Market

    bloomberg.com 20 Jul '17, 4am

    Nam Cheong Ltd. is set to renege on some of its borrowings, in the latest blow to Singapore’s bond market as the shipbuilding and offshore oilfield services industry struggles to rebound from a slump in oil. The Kuala Lumpur-based group has decided to temporarily cease repayment on al...

  • Ping An's wealth management fling in Singapore's okay. After all, Xi knows about it

    Ping An's Singapore Fling. Yes, Xi Knows - Bloomberg Gadfly

    bloomberg.com 19 Jul '17, 10am

    Don't be surprised if in 20 years, Singapore's wealth-management industry starts resembling a mini-United Nations, with bankers wearing their nationalities on their sleeves. Last week, Gadfly commented on one such act of flag-waving. PT Bank Mandiri, Indonesia's largest lender by asse...

  • Why Cryptocurrencies Are Selling Off

    bloomberg.com 18 Jul '17, 12pm

    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.

  • via @technology

    Bitcoin Jumps as Miners Take First Step to Avoid Currency Split

    bloomberg.com 18 Jul '17, 7am

    Bitcoin reversed steep losses as miners began using new software which aims to bridge an ideological gap that has threatened to divide the cryptocurrency. Bitcoin’s community has been at bitter odds for more than two years about how to solve its scaling problem, which has hampered the...

  • Bitcoin Falls Below $2,000

    bloomberg.com 17 Jul '17, 12pm

    Bitcoin fell below $2,000 for the first time since May amid anxiety its dominant status is under threat. The most important market news of the day. Get our markets daily newsletter. Sign Up As enthusiasts consider adopting competing updates to the blockchain technology that underpins ...

  • Singapore Home Sales Fall 21% in June as Fewer Projects Launched

    bloomberg.com 17 Jul '17, 5am

    Singapore home sales fell 21 percent in June from the previous month as fewer new projects were launched in the city-state. Developers sold 820 units last month, compared with a revised 1,039 in May, according to Urban Redevelopment Authority data released on Monday. A total of 159 un...

  • Singapore Home Sales Fall 21% in June as Fewer Projects Launched

    bloomberg.com 17 Jul '17, 5am

    Singapore home sales fell 21 percent in June from the previous month as fewer new projects were launched in the city-state. Developers sold 820 units last month, compared with a revised 1,039 in May, according to Urban Redevelopment Authority data released on Monday. A total of 159 un...

  • Maggie's handbag and game theory. What the Brexiteers can learn.

    Seven Lessons for Theresa May as Brexit Talks Resume

    bloomberg.com 14 Jul '17, 2pm

    Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter. Negotiating with the European Union is never easy. Particularly when you’re up against its most powerful governments and a hulking bureaucracy that represents the world’s largest single market...

  • Singapore Warehouse Giant Sells to Chinese Bidder for Record $11.6 Billion

    bloomberg.com 14 Jul '17, 6am

    A Chinese consortium agreed to pay S$16 billion ($11.6 billion) for Global Logistic Properties Ltd., the warehouse operator backed by Singapore’s sovereign wealth fund, in Asia’s biggest buyout. GLP accepted the takeover offer from a management-backed group that includes private equit...

  • Bitcoin could be nearing a total meltdown

    This Is How Bad It’s Getting for Wall Street Traders -

    bloomberg.com 14 Jul '17, 6am

    Traders can play Nintendo and head off to Massachusetts for an afternoon of golf. Or while away the afternoons swiping on Tinder. Traders at some of Wall Street’s biggest banks have time on their hands , because not enough is happening on the global stage to persuade investors to get ...

  • Singapore's Economy Rebounds in Second Quarter

    bloomberg.com 14 Jul '17, 1am

    Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Singapore’s economy rebounded in the second quarter as a global trade pick-up helped improve the outlook in the export-reliant city state. Highlights of GDP report Gross domestic product rose an...

  • Singapore's Economy Rebounds in Second Quarter

    bloomberg.com 14 Jul '17, 12am

    “There still is some uncertainty as to how the outlook progresses from here,” said Jonathan Cavenagh, head of Asia emerging-market currency strategy at JPMorgan Chase & Co. in Singapore. “Obviously, the external side is doing well, but the Singaporean authorities would probably like t...

  • Swimming With Singapore Sharks

    bloomberg.com 13 Jul '17, 9pm

    Why would a contented crocodile venture beyond its backyard pool to swim with sharks? PT Bank Mandiri, Indonesia's largest lender by assets, is set to wade into the cutthroat private-banking business in neighboring Singapore. The idea might seem a little ridiculous. Among the top 15 A...

  • Singapore Warehouse Giant Picks Chinese Bidder in Asia's Biggest Buyout: Sources

    bloomberg.com 13 Jul '17, 2am

    Under the deal being contemplated, GLP would be taken private through a scheme of arrangement, the people said. The Chinese investor group will seek to obtain an undertaking from Singapore sovereign fund GIC Pte, which owns about 37 percent of the company, to vote in favor of the offe...

  • Singapore Warehouse Giant Picks Chinese Bidder in Asia's Biggest Buyout: Sources

    bloomberg.com 13 Jul '17, 1am

    Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Global Logistic Properties Ltd. , the Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final talks on a deal valuing the company at about $10 billion, peo...

  • Robert Mugabe in Singapore for Medical Reasons

    bloomberg.com 12 Jul '17, 11pm

    Harare, Zimbabwe (AP) -- Zimbabwe's President Robert Mugabe is in Singapore for medical reasons, prompting opposition figures to question whether the 93-year-old still has the stamina to run the country. State media, quoting an information ministry statement, says the world's oldest h...

  • Bitcoin Acceptance Among Retailers Is Low and Getting Lower

    bloomberg.com 12 Jul '17, 5pm

    Retailers were already skeptical about letting customers pay with bitcoin before the cryptocurrency’s price underwent an astronomical rally this year. That rapid surge hasn’t made them any more accepting. In fact, it may have done the opposite. Bitcoin is accepted at just three of the...

  • Robert Mugabe in Singapore for Medical Reasons

    bloomberg.com 12 Jul '17, 12pm

    Harare, Zimbabwe (AP) -- Zimbabwe's President Robert Mugabe is in Singapore for medical reasons, prompting opposition figures to question whether the 93-year-old still has the stamina to run the country. State media, quoting an information ministry statement, says the world's oldest h...

  • Hong Kong, U.A.E., Singapore Priciest Places for Education

    bloomberg.com 12 Jul '17, 6am

    more to educate a child from primary school up through university, at $132,161, to pay for everything from tuition to transport, according to a survey by HSBC Holdings Plc of 15 nations and territories. Next is the United Arab Emirates at $99,378 and Singapore at $70,939. In Singapore...

  • Hong Kong, U.A.E., Singapore Priciest Places for Education

    bloomberg.com 12 Jul '17, 6am

    more to educate a child from primary school up through university, at $132,161, to pay for everything from tuition to transport, according to a survey by HSBC Holdings Plc of 15 nations and territories. Next is the United Arab Emirates at $99,378 and Singapore at $70,939. In Singapore...

  • Singapore Banker Admits Money Laundering in 1MDB-Linked Case

    bloomberg.com 12 Jul '17, 3am

    Yeo Jiawei, a former banker serving the longest jail term in Singapore’s probes linked to 1Malaysia Development Bhd., admitted to charges including money laundering. Yeo, who also pleaded guilty Wednesday to cheating his former employer, agreed to help with Singapore’s money-launderin...

  • Singapore's Top Performing IPO This Year Surged 158%

    bloomberg.com 11 Jul '17, 11pm

    Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. After staging concerts in Singapore for the past two decades, the city-state’s best-performing initial public offering this year is taking its entertainment on the road. Leslie Ong Source: UnUsU...

  • Building a ‘Smart Nation’ in Singapore Doesn't Come Cheap - Bloomberg

    bloomberg.com 11 Jul '17, 10pm

    Schooling isn't cheap in Singapore: not just for citizens, but for the government too. The city state boasts one of the best education systems in the world and as the government tries to transform the economy into a high-tech hub — part of its "Smart Nation " program — it’s putting he...

  • Building a ‘Smart Nation’ in Singapore Doesn't Come Cheap - Bloomberg

    bloomberg.com 11 Jul '17, 9pm

    Schooling isn't cheap in Singapore: not just for citizens, but for the government too. The city state boasts one of the best education systems in the world and as the government tries to transform the economy into a high-tech hub — part of its "Smart Nation " program — it’s putting he...

  • Cryptocurrencies Are Getting Crushed

    bloomberg.com 11 Jul '17, 2pm

    The cryptocurrency Cassandras are starting to look right. The sector has lost about a third of its market value since peaking in early June, pushing it into what traditional equity market analysts label as a bear market. Bitcoin, the largest of the digital currencies, is down about 20...

  • LVMH Enlists Louis Vuitton in Smartwatch Fight Against Apple

    bloomberg.com 11 Jul '17, 9am

    Louis Vuitton plans to sell a smartwatch for travelers starting at $2,450 as parent company LVMH enlists the 163-year-old French suitcase and fashion brand to broaden its fight against the Apple Watch. The Tambour Horizon offers flight information and city guides for seven destination...

  • Louis Vuitton Goes Upmarket in Smartwatch Fight With Apple

    bloomberg.com 11 Jul '17, 8am

    LVMH wants to sell smartwatches to well-off fashionistas, introducing a techy timepiece under its Louis Vuitton suitcase brand that opens a higher-end front in the luxury conglomerate’s fightback against Apple Inc. Louis Vuitton’s Tambour Horizon starts at $2,450, about eight times th...

  • Will Bitcoin Tear Itself Apart?

    bloomberg.com 10 Jul '17, 9pm

    It’s time for bitcoin traders to batten down the hatches. The notoriously volatile cryptocurrency, whose 160 percent surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet. Blame the bitcoin...