bloomberg.com Archives - 26 September 2016, Monday

  • Tudor Said to Close Singapore Trading Desk Amid Global Job Cuts

    bloomberg.com 25 Sep '16, 9pm

    Tudor Investment Corp., the $11 billion hedge fund founded by billionaire Paul Tudor Jones, has closed its Singapore trading desk as part of a global shakeup, according to people familiar with the matter. The firm still has staff in Singapore focusing on quantitative research, and con...

  • Jann Wenner to Sell 49% of Rolling Stone to Singapore’s BandLab -

    bloomberg.com 25 Sep '16, 2pm

    There comes a time when even Jann Wenner needs a little help from his friends. After a five-decade run full of interviews with pop stars and presidents, the founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son. It’s the first time Wenner ...

  • Jann Wenner to Sell 49% of Rolling Stone to Singapore’s BandLab -

    bloomberg.com 25 Sep '16, 2pm

    There comes a time when even Jann Wenner needs a little help from his friends. After a five-decade run full of interviews with pop stars and presidents, the founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son. It’s the first time Wenner ...

  • Jann Wenner to Sell 49% of Rolling Stone to Singapore’s BandLab -

    bloomberg.com 25 Sep '16, 2pm

    There comes a time when even Jann Wenner needs a little help from his friends. After a five-decade run full of interviews with pop stars and presidents, the founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son. It’s the first time Wenner ...

  • Uber’s Top Southeast Asia Rival Joins Self-Driving Car Trial -

    bloomberg.com 24 Sep '16, 5am

    Grab, Southeast Asia’s largest ride-hailing service, is about to get a piece of the world’s first public self-driving taxis. Grab will team with driver-less software developer nuTonomy Inc. for a year to expand the reach of its small fleet of autonomous driving cars in Singapore, as n...

  • Ride-Hailing Startup Grab Joins Singapore Self-Driving Car Trial

    bloomberg.com 23 Sep '16, 12am

    Grab, Southeast Asia’s largest ride-hailing service, is about to get a piece of the world’s first public self-driving taxis. Grab will team with driver-less software developer nuTonomy Inc. to expand the reach of its small fleet of autonomous driving cars in Singapore, and work toward...

  • Obama Kept Military Out of the Loop on Cash Payments to Iran - Bloomberg View

    bloomberg.com 22 Sep '16, 10pm

    One might think President Barack Obama would have asked his top military officials to weigh in on his administration's decision in January to send $400 million in cash to Iran. After all, Iran is the world's leading state sponsor of terrorism, and terrorists prefer cash to wire paymen...

  • How Singapore Beat New Zealand to Be Expats’ Top Place to Live -

    bloomberg.com 22 Sep '16, 6pm

    The city-state beat New Zealand to rank first in a survey of expat destinations for the second year running. Among nearly 27,000 expats in 190 economies, Singapore is the best place to live, work and raise a family abroad, according to the latest and ninth edition of HSBC Holdings Plc...

  • How Singapore Beat New Zealand to Be Expats’ Top Place to Live -

    bloomberg.com 22 Sep '16, 4pm

    The city-state beat New Zealand to rank first in a survey of expat destinations for the second year running. Among nearly 27,000 expats in 190 economies, Singapore is the best place to live, work and raise a family abroad, according to the latest and ninth edition of HSBC Holdings Plc...

  • How Singapore Beat New Zealand to Be Expats’ Top Place to Live -

    bloomberg.com 22 Sep '16, 4pm

    The city-state beat New Zealand to rank first in a survey of expat destinations for the second year running. Among nearly 27,000 expats in 190 economies, Singapore is the best place to live, work and raise a family abroad, according to the latest and ninth edition of HSBC Holdings Plc...

  • Singapore and New Zealand top an HBSC survey on the top countries for expats

    Singapore, New Zealand Beloved by Expats in HSBC Ranking: Chart

    bloomberg.com 22 Sep '16, 3am

    Singapore scored highest in HSBC’s 2016 Expat Explorer survey, taking the top spot for a second year. New Zealand took the crown in the experience subcategory, while Switzerland dominated in economic terms and Sweden won on childcare. Some 27,000 people participated in the annual poll.

  • Singapore, New Zealand Beloved by Expats in HSBC Ranking: Chart

    bloomberg.com 21 Sep '16, 4pm

    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.

  • Kick Off Fall With These Six New High-Top Sneakers

    bloomberg.com 21 Sep '16, 4pm

    For the past few years, designer sneakers have become widely popular thanks in large part to the players of the NBA and NFL. Expensive high-tops, in particular, have crossed the border from ironically hip to mainstream. If you're a sneakerhead or looking for a fresh pair for the seaso...

  • Bitcoin to Get First-Ever Daily Auctions on Winklevoss’s Gemini -

    bloomberg.com 21 Sep '16, 2pm

    Gemini Trust Co., the U.S.-based digital-currency exchange founded by entrepreneurs Cameron and Tyler Winklevoss, is introducing a daily bitcoin auction to facilitate price discovery and larger trades at lower costs. The auctions, to be held at 4 p.m. New York time every day including...

  • Bitcoin to Get First-Ever Daily Auctions on Winklevoss’s Gemini -

    bloomberg.com 21 Sep '16, 12pm

    Gemini Trust Co., the U.S.-based digital-currency exchange founded by entrepreneurs Cameron and Tyler Winklevoss, is introducing a daily bitcoin auction to facilitate price discovery and larger trades at lower costs. The auctions, to be held at 4 p.m. New York time every day including...

  • Less China, More India Make Singapore Hedge Funds Asia’s Best -

    bloomberg.com 21 Sep '16, 4am

    Singapore-based hedge funds outperformed Asian rivals during the first seven months of the year thanks to a greater focus on India and global markets, according to data provider Eurekahedge Pte. Funds headquartered in Singapore returned 2 percent through July, while Hong Kong-based fu...

  • Prada’s Handbag Line-Up Turns Macquarie Bullish on Beaten Shares -

    bloomberg.com 21 Sep '16, 3am

    Prada SpA’s optimism in the face of falling sales may finally be feeding through to the share price. The Italian luxury-goods maker stayed positive even while reporting a 15 percent drop in first-half revenue last month, caused by weak Chinese demand and a terrorism-inspired drop in E...

  • Prada’s Handbag Line-Up Turns Macquarie Bullish on Beaten Shares -

    bloomberg.com 21 Sep '16, 12am

    Prada SpA’s optimism in the face of falling sales may finally be feeding through to the share price. The Italian luxury-goods maker stayed positive even while reporting a 15 percent drop in first-half revenue last month, caused by weak Chinese demand and a terrorism-inspired drop in E...

  • Saving Singapore's Wealthy - Bloomberg Gadfly

    bloomberg.com 20 Sep '16, 9pm

    In the last eight years of cheap and abundant global cash, Singapore's central bank has acted again and again to protect lenders from the consequences of getting too greedy, especially in financing the city's pricey real estate. Default classification of new bank customers from 2017 R...

  • Singapore's Nighttime Grand Prix Lights Up the F1 Calendar

    bloomberg.com 20 Sep '16, 5am

    The champagne flowed as Nico Rosberg won Singapore's ninth Formula One Grand Prix last night, holding off a nail-biting late challenge from Infiniti Red Bull's Daniel Ricciardo. The 61-lap night-time street race, unique in the F1 calendar, is also the city-state's biggest internationa...

  • How Singapore’s Not-Really-Rich Have Been Burned by Swiber Bonds -

    bloomberg.com 20 Sep '16, 1am

    When Elaine Tham signed an “accredited investor” form with her bank in Singapore two years ago, she took a fateful step toward losing all the money she had set aside for her children’s education. Based on her financial profile and investment priorities -- her need for S$150,000 ($110,...

  • How Singapore’s Not-Really-Rich Have Been Burned by Swiber Bonds -

    bloomberg.com 19 Sep '16, 9pm

    When Elaine Tham signed an “accredited investor” form with her bank in Singapore two years ago, she took a fateful step toward losing all the money she had set aside for her children’s education. Based on her financial profile and investment priorities -- her need for S$150,000 ($110,...

  • Singapore's Nighttime Grand Prix Lights Up the F1 Calendar

    bloomberg.com 19 Sep '16, 10am

    The champagne flowed as Nico Rosberg won Singapore's ninth Formula One Grand Prix last night, holding off a nail-biting late challenge from Infiniti Red Bull's Daniel Ricciardo. The 61-lap night-time street race, unique in the F1 calendar, is also the city-state's biggest internationa...

  • Thousands in Singapore and Malaysia may have died prematurely due to haze, study says

    Study Estimates 100,000 Premature Deaths From Indonesia Haze

    bloomberg.com 19 Sep '16, 6am

    Jakarta, Indonesia (AP) -- Indonesian forest fires that choked a swath of Southeast Asia with a smoky haze for weeks last year may have caused more than 100,000 premature deaths, according to new research that will add to pressure on Indonesia's government to tackle the annual crisis....

  • Singapore High-Rise Office Rents Decline by 7% as Demand Slows

    bloomberg.com 15 Sep '16, 2am

    Singapore landlords are paying the penalty for a slowing economy. Alone among the world’s major cities, the cost of renting an office with panoramic views is falling as supply outstrips demand. Annual rents on the upper floors of Singapore’s skyscrapers fell 7 percent to about $775 a ...

  • Singapore Shipping Trust Seeks Restructuring on Debt Woes

    bloomberg.com 15 Sep '16, 2am

    A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt woes in the industry and in the city-state. Rickmers Maritime won’t be able to repay $179.7 million of senior debt due in March 201...

  • Singapore High-Rise Office Rents Decline by 7% as Demand Slows

    bloomberg.com 14 Sep '16, 7pm

    Singapore landlords are paying the penalty for a slowing economy. Alone among the world’s major cities, the cost of renting an office with panoramic views is falling as supply outstrips demand. Annual rents on the upper floors of Singapore’s skyscrapers fell 7 percent to about $775 a ...

  • Singapore Air Won’t Extend Lease on Airbus A380 Jet in 2017 -

    bloomberg.com 14 Sep '16, 8am

    Singapore Airlines Ltd. said it won’t extend the lease on its first A380 superjumbo jet, a move that is set to test second-hand demand for the world’s biggest commercial aircraft. The carrier, the first operator of the Airbus Group SE plane, will see the contract expire in October 201...

  • Bitcoin Technology Harnessed to Push Electricity Revolution

    bloomberg.com 13 Sep '16, 7am

    Bitcoin technology is starting to seep into the electricity business, shaking up the way payments are managed every time a light switch is flipped. From New York to Vienna, researchers and utilities are adapting the cloud-based ledger system used to track bitcoins as a replacement for...

  • Singapore's Empty Office Party - Bloomberg Gadfly

    bloomberg.com 13 Sep '16, 4am

    Everything that could go wrong for Singapore's commercial property market already has. The city-state's export-driven economy is slowing, banks are shrinking, industrial production is sputtering, home prices are falling , and consumers are the glummest in seven years. To make matters ...