bloomberg.com Archives - 22 September 2014, Monday

  • Bitcoin Ponzi Scheme Ruled Securities Fraud in SEC Win

    bloomberg.com 20 Sep '14, 12am

    A Bitcoin Ponzi scheme amounted to securities fraud that can be challenged by federal regulators, a judge ruled as he fined a Texas man $40.6 million and blocked him from further illegal trading of the virtual currency. The case was the first to determine whether the U.S. Securities a...

  • How to Buy Islands, Gold Mines and Villas With Bitcoin - Bloomberg

    How to Buy Islands, Gold Mines and Villas With Bitcoin

    bloomberg.com 18 Sep '14, 4am

    An island in Micronesia. A gold mine in Canada ’s Yukon Territory. Tickets to the 2014 Victoria’s Secret fashion show in London. Those are just a few of the assets on offer at BitPremier , a website targeting bitcoin holders looking to unload some of their digital hoard. The number of...

  • #SGhaze is back | Singapore air quality reaches unhealthy range via

    Singapore’s Air Quality Hits Unhealthy Range as Haze Returns -

    bloomberg.com 15 Sep '14, 1am

    Singapore’s air quality reached the unhealthy level this morning, one month after the government passed its first transboundary haze bill. Singapore’s three-hour Pollutant Standards Index was as high as 113 at 6 a.m., before retreating to 91 at 9 a.m., the National Environment Agency,...

  • Patek Philippe and Rolex: Building a Solid Watch Portfolio: Video

    bloomberg.com 15 Sep '14, 12am

    Sept. 15 (Bloomberg) –- Building a solid portfolio of watches takes research and time. So where to begin? Steve Kivel from NY's Central Watch has some advice on how to get the best return on your timepieces. (Source: Bloomberg)

  • EBay’s PayPal Unit to Start Accepting Bitcoin Payments -

    bloomberg.com 08 Sep '14, 7pm

    EBay Inc. (EBAY) ’s PayPal service will start accepting bitcoins, opening up the world’s second-biggest Internet payment network to virtual currency transactions. “We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of EBay’s Braintree unit, said at Techcrunch’s...

  • Singapore Bears Retreat as ETFs Win Flow: Southeast Asia - Bloomberg

    Singapore Bears Retreat as ETFs Win Flow: Southeast Asia

    bloomberg.com 07 Sep '14, 4pm

    Money managers are turning bullish on Singapore after shunning it for more than a year as political stability and cheap equity valuations push the city-state to the top of a Morgan Stanley market ranking. Three-month flows into Singapore exchange-traded funds are on course to reach th...

  • Ireland's Adare Manor Hotel on 766 Acres Offered for $33 Million - #Luxury #RealEstate

    Ireland’s Adare Manor Hotel on 766 Acres Offered for $33 Million -

    bloomberg.com 05 Sep '14, 9am

    Adare Manor, an Irish hotel with a championship golf course on 766 acres (310 hectares) of land, was put up for sale for about 25 million euros ($33 million) as the country’s tourism market thrives. The historic 62-bedroom hotel was built in 1830 as a home for the Earl of Dunraven and...

  • Yves Carcelle, the executive who built Louis Vuitton into a luxury powerhouse, has died at 66.

    Yves Carcelle, Who Built Luxury Brand Louis Vuitton, Dies at 66

    bloomberg.com 01 Sep '14, 11am

    Yves Carcelle, the former chief executive officer who turned Louis Vuitton into the world’s largest and most valuable luxury brand, has died. He was 66. Carcelle died yesterday following a long illness, Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) , which owns Vuitton, said to...

  • In the Metal: The Rolex Sea-Dweller Deepsea D-Blue

    bloomberg.com 30 Aug '14, 12pm

    It's not often that Rolex releases a watch outside of the annual Baselworld trade show that takes place each spring. But just a few short weeks ago, Rolex unveiled the Deepsea D-Blue to coincide with the release of National Geographic's Deepsea Challenge 3D, a documentary chronicling ...

  • How RGM Watch Company Is Building a $95K Rolex Killer: Video

    bloomberg.com 26 Aug '14, 3am

    Aug. 26 (Bloomberg) –- Roland Murphy is the only mechanical watchmaker who crafts his timepieces almost entirely in the U.S. He shows Bloomberg how he uses a blend of modern technology and old world engraving techniques to make watches that cost upwards of $95,000. Video By: Alex Dean...

  • Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit -

    bloomberg.com 19 Aug '14, 3am

    The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore ’s dollar. The ringgit has gained 4 percent to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, data compiled by ...

  • Mt. Gox Insider’s Kraken Bitcoin Exchange to Open in Japan

    Mt. Gox Insider’s Kraken Bitcoin Exchange to Open in Japan -

    bloomberg.com 17 Aug '14, 10pm

    Competition for a slice of Japan’s virtual currency market is intensifying as new entrants seek to take advantage of the vacuum left by Mt. Gox. BitFlyer began offering services in April. BitOcean, a Chinese startup, joined with New York-based Atlas ATS Inc. to bid for the assets of t...

  • Lee to Add Funding Options for Singapore Retirees as Nation Ages - Bloomberg

    Lee to Add Funding Options for Singapore Retirees as Nation Ages

    bloomberg.com 17 Aug '14, 4pm

    Singapore will broaden the options for its citizens to monetize state-subsidized homes and may offer greater flexibility for retirees to draw funds from the mandatory savings program, Prime Minister Lee Hsien Loong said. A plan that lets elderly citizens sell part of their leases on s...

  • Singapore Housing Purchases Drop as Rates Poised to Rise - Bloomberg

    Singapore Housing Purchases Drop as Rates Poised to Rise

    bloomberg.com 13 Aug '14, 10pm

    James Hee, a property agent who lives with his family of four in a government-built flat he owns in Singapore , was eyeing a condo for about S$1.5 million ($1.2 million) earlier this year. Then Hee discovered that he wouldn’t qualify for a mortgage after the government restricted lend...

  • Singapore's economy unexpectedly expands as outlook improves

    Singapore’s Economy Unexpectedly Expands as Outlook Improves -

    bloomberg.com 12 Aug '14, 12am

    Singapore ’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. Gross domestic product rose an annualized 0.1 percent in the three months through June from the previous quarter, when it climbed a re...

  • Singapore Says Emerging Nations Would Welcome Normal Fed Policy

    bloomberg.com 11 Aug '14, 5am

    Emerging economies would benefit from more normal monetary policies globally including rate increases and an end to asset purchases sooner rather than later, given the side effects of the unconventional measures, Singapore ’s central bank said. Most of the city state’s emerging-market...

  • Crossing Link to Singapore May Cost You $20 More Thanks to Spat - Bloomberg

    Crossing Link to Singapore May Cost You $20 More Due to Spat

    bloomberg.com 10 Aug '14, 11pm

    Singapore and Malaysia are engaged in a tit-for-tat over fees they charge vehicles crossing a vital link between the two nations. People like Paul Lim expect to pay the price. It began with a decision by Singapore to raise the levy on foreign-registered vehicles visiting the island st...

  • Ecuador

    Bitcoin-Like Money Is Ecuador’s Latest Dollar-Saving Plan -

    bloomberg.com 05 Aug '14, 12pm

    After mortgaging most of Ecuador ’s oil and gold to finance spending, President Rafael Correa is planning to create virtual money to pay the nation’s bills. Congress last month approved legislation to start a digital currency for use alongside the U.S. dollar , the official tender in ...

  • US Continues Testing Surveillance Plane in Singapore Exercise - Bloomberg

    U.S. Continues Testing Surveillance Plane in Singapore Exercise

    bloomberg.com 04 Aug '14, 12am

    A U.S. surveillance plane is joining Singapore ’s military in exercises as the navy tests the aircraft’s capabilities after the Pentagon found it ineffective at some tasks. The P-8A Poseidon, a Boeing Co. 737-800 modified with radar and sensors, is conducting anti-submarine and surfac...

  • Singapore's Great Sale That Wasn't: China Tourists Staying Away - Bloomberg

    Singapore’s Great Sale That Wasn’t: China Tourists Staying Away - Bloomberg

    bloomberg.com 03 Aug '14, 4pm

    Retailers billed it as the Great Singapore Sale. Chinese tourist Zhu Liang bought it, only to regret afterward. “We will never come here again to shop on purpose,” said Zhu, a 35-year-old businessman from Hangzhou. Visiting the city during the final days of the summer sale season in J...

  • Wall Street gathers at bitcoin conference to figure out what #bitcoin is:

    Wall Street Gathers at Bitcoin Conference to Figure Out What Exactly Bitcoin Is

    bloomberg.com 31 Jul '14, 9pm

    I've been to quite a few bitcoin gatherings, where the standard attire is a sweaty T-shirt and sneakers. This week's Digital Currencies conference in New York was different. It felt more like a Wall Street confab than the usual fellowship of the neckbeards. The suits were out in full ...

  • Hong Kong, Singapore Popping Housing Bubbles: Video

    bloomberg.com 30 Jul '14, 4am

    July 30 (Bloomberg) -- Prompted by concerns over potential property bubbles and affordability for the middle class, the governments of Hong Kong and Singapore have been reining in home prices by imposing measures including mortgage caps, taxes on property flippers and levies on foreig...

  • Hong Kong Popping Housing Bubbles London Can't Handle - Bloomberg

    Singapore Popping Housing Bubbles London Can’t Handle -

    bloomberg.com 29 Jul '14, 11pm

    Take a look at the world’s dizzying surges in the price of housing for 12 months at the end of June: London, up 20 percent. Manhattan , 18 percent. Sydney, 15.4 percent. Then there are Singapore and Hong Kong: down 3.7 percent and 0.6 percent. Prompted by concerns over potential prope...

  • Singapore’s Keppel Land Makes First Property Investment in U.S. -

    bloomberg.com 29 Jul '14, 1am

    Keppel Land Ltd. (KPLD) , Singapore’s third-biggest developer by value, made its maiden investment in the U.S. with a prime residential development in New York City . The project is valued at about $70 million, the company said in a statement to the Singapore stock exchange. The prope...

  • Gold Bugs Meet Bitcoin Believers to Supplant the Dollar

    Gold Bugs Meet Bitcoin Believers to Supplant the Dollar

    bloomberg.com 28 Jul '14, 4am

    It’s what you get when you combine bitcoin, one of the world’s newest would-be currencies, and gold, one of the oldest. Add mistrust of centralized authority, a dash of rebelliousness and a dollop of profit motive and you might have the Independence Coin, the first gold-backed crypto-...

  • Singapore Set to Get LNG Cargo From Indonesia for Third Tank

    bloomberg.com 28 Jul '14, 12am

    Singapore LNG Corp., which operates the Asian city-state’s first receiving terminal, is set to get a liquefied natural gas cargo for its third tank delivered today by the vessel Wilpride. “We confirm that the Singapore LNG Terminal will be receiving a cargo of LNG that is not intended...

  • Japan, Israel to Bolster Defense Cooperation as Netanyahu Visits

    bloomberg.com 25 Jul '14, 11am

    Prime Minister Shinzo Abe and Israeli Prime Minister Benjamin Netanyahu will announce an agreement today in Tokyo for the two countries to increase defense cooperation, a foreign ministry official said. The enlarged exchanges could include mutual visits by ministers and senior members...

  • How Does Bitcoin Mining Work?: Video

    bloomberg.com 24 Jul '14, 5am

    July 24 (Bloomberg) –- Bitcoin mining is the complicated process through which new bitcoins are made. So how does it work? Bloomberg and Switch-Video explain. (Source: Bloomberg)

  • Singapore's Central Bank Says Too Early to Ease Property Curbs - Bloomberg

    Singapore’s Central Bank Says Too Early to Ease Property Curbs -

    bloomberg.com 24 Jul '14, 4am

    Monetary Authority of Singapore said it’s too early for the city-state to ease property measures that are helping curb surging residential prices. “Property prices, they remain at elevated levels, although they’ve just started to soften,” Ravi Menon, managing director of the MAS, as t...

  • Ex-Goldman Trader’s Bitcoin Exchange to Fill Mt. Gox Void -

    bloomberg.com 22 Jul '14, 8pm

    Yuzo Kano quit Goldman Sachs Group Inc. (GS) twice: once for a rival bank, the second time to open Japan ’s first bitcoin exchange since the collapse of Mt. Gox. When Kano, 38, left his job as a derivatives and convertible bonds trader in December, bitcoin had climbed to a record $1,1...