bloomberg.com Archives - 26 September 2017, Tuesday

  • via @markets

    Mike Novogratz Is Set for Comeback With Cryptocurrency Hedge Fund

    bloomberg.com 26 Sep '17, 10am

    Mike Novogratz is reinventing himself as the king of bitcoin. The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. Novogratz will put up $150 mill...

  • Singapore Cryptocurrency Firms Facing Bank Account Closures

    bloomberg.com 26 Sep '17, 4am

    Singapore banks have closed accounts of several companies which specialize in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms. Noting that cryptocurrency firms have had similar problems with their banks in other ...

  • Singapore Cryptocurrency Firms Facing Bank Account Closures

    bloomberg.com 26 Sep '17, 3am

    Singapore banks have closed accounts of several companies which specialize in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms. Noting that cryptocurrency firms have had similar problems with their banks in other ...

  • Singapore Cryptocurrency Firms Facing Bank Account Closures

    bloomberg.com 26 Sep '17, 2am

    Singapore banks have closed accounts of several companies which specialize in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms. Noting that cryptocurrency firms have had similar problems with their banks in other ...

  • Jaguar Land Rover is scouting for acquisitions!

    Jaguar Land Rover Is Looking to Buy a Luxury Brand

    bloomberg.com 25 Sep '17, 12pm

    The company has been holding internal discussions on buying other brands to diversify the range of vehicles it sells, the people said. It will consider purchases of luxury marques that fit with its current portfolio, according to one of the people, who asked not to be identified becau...

  • Singapore's Inflation Slows Ahead of MAS Policy Decision

    bloomberg.com 25 Sep '17, 5am

    “The inflation data once again confirms that weak domestic demand is weighing on the pricing power of the corporate sector and that there is little reason for the Monetary Authority of Singapore to relinquish its currently neutral exchange rate policy stance,” Sanjay Mathur, chief eco...

  • Singapore Inflation Slows in August Ahead of MAS Policy Decision

    bloomberg.com 25 Sep '17, 5am

    Singapore’s inflation slowed in August, matching the weakest pace this year, and testing the Monetary Authority of Singapore ahead of its semi-annual policy decision in October. Highlights CPI rose 0.4% from year earlier (est. 0.6%); Singapore Department of Statistics previously repor...

  • -Merkel victory -North Korea war of words -NZ vote -Japan, Singapore data What's moving markets today

    Five Things You Need to Know to Start Your Day

    bloomberg.com 25 Sep '17, 12am

    At 9:30 a.m., the preliminary print of the Nikkei Japan manufacturing PMI for September, which improved to 52.2 in its previous reading, will hit the wires. Later in the day, the nation's leading and coincident indexes for July are also slated to be released. Bank of Japan Governor Ha...

  • Singapore Ranks First as Launchpad for Global Cyber Attacks

    bloomberg.com 21 Sep '17, 10pm

    Singapore has overtaken nations including the U.S., Russia and China as the country launching the most cyber attacks globally, according to Israeli data security firm Check Point Software Technologies Ltd . The company, whose software tracks an average of eight to 10 million live cybe...

  • Singapore Ranks First as Launchpad for Global Cyber Attacks

    bloomberg.com 21 Sep '17, 9pm

    Singapore has overtaken nations including the U.S., Russia and China as the country launching the most cyber attacks globally, according to Israeli data security firm Check Point Software Technologies Ltd . The company, whose software tracks an average of eight to 10 million live cybe...

  • Singapore Press Considering Job Cuts in Reorganization Plan

    bloomberg.com 21 Sep '17, 12pm

    Singapore Press Holdings Ltd. , which started a review of its media business last year, is considering job cuts amid a reorganization, according to people familiar with the matter. The city’s dominant newspaper publisher, like many of its peers in the industry, is grappling with digit...

  • Singapore Press Considering Job Cuts in Reorganization Plan

    bloomberg.com 21 Sep '17, 11am

    Singapore Press Holdings Ltd. , which started a review of its media business last year, is considering job cuts amid a reorganization, according to people familiar with the matter. The city’s dominant newspaper publisher, like many of its peers in the industry, is grappling with digit...

  • BlackRock Sells Singapore Office Tower for $1.5 Billion

    bloomberg.com 21 Sep '17, 6am

    CapitaLand Commercial Trust , Singapore’s biggest office landlord, agreed to buy BlackRock Inc. ’s Asia Square Tower 2 for S$2.1 billion ($1.5 billion) in the city’s second-largest ever sale of an office building. The transaction will be partially funded by a rights issue of about S$7...

  • BlackRock Sells Singapore Office Tower for $1.5 Billion

    bloomberg.com 21 Sep '17, 6am

    CapitaLand Commercial Trust , Singapore’s biggest office landlord, agreed to buy BlackRock Inc. ’s Asia Square Tower 2 for S$2.1 billion ($1.5 billion) in the city’s second-largest ever sale of an office building. The transaction will be partially funded by a rights issue of about S$7...

  • Car Rentals Soar in Singapore, the Land of $80,000 Corollas

    bloomberg.com 21 Sep '17, 3am

    Singapore is one of the most expensive places in the world to own a car. So for an increasing number of commuters, ride-sharing companies Uber Technologies Inc . and Grab are providing cheaper alternatives : lease a car from them and drive enough hours to cover rental costs, or just h...

  • Singapore's PM Visits China to Cement Strained Ties

    bloomberg.com 20 Sep '17, 9am

    Singaporean Prime Minister Lee Hsien Loong’s visit to China this week signals efforts on both sides to reaffirm relations that have showed strains over the past year -- both in its timing and number of high-level meetings. Lee began a three-day official visit Tuesday, getting face tim...

  • 'Bitcoin Jesus' Sees the Digital Currency Splitting Again

    Bitcoin Is Likely to Split Again in November, Say Major Players

    bloomberg.com 20 Sep '17, 4am

    Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace. Major industry players, including the bitcoin investor Ro...

  • Singapore Press Market Value Falls Behind New York Times

    bloomberg.com 19 Sep '17, 4pm

    Singapore Press, like most news publishers, is grappling with digital disruption that has eroded readership and print ads. Profits have fallen for six consecutive quarters including the most recent’s 45 percent year-on-year slide. The company declined to comment on queries about its b...

  • The Bitcoin Rally Is Back

    bloomberg.com 18 Sep '17, 5pm

    The bitcoin rally is proving hard to stop. The cryptocurrency has breached $4,000, soaring more than 20 percent from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After reaching a record h...

  • Singapore Property Analysts Turn Bullish, Predict 10% Price Gain

    bloomberg.com 18 Sep '17, 8am

    After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place. Singapore property prices will rise between 5 percent and 10 percent next year after bottoming out i...

  • Singapore Property Analysts Turn Bullish, Predict 10% Price Gain

    bloomberg.com 18 Sep '17, 3am

    After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place. Singapore property prices will rise between 5 percent and 10 percent next year after bottoming out i...

  • World's Central Banks Can't Ignore the Bitcoin Boom, BIS Says

    bloomberg.com 17 Sep '17, 4pm

    The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements. It said central banks will need to figure out whether to issue a digital currency a...

  • World's Central Banks Can't Ignore the Bitcoin Boom, BIS Says

    bloomberg.com 17 Sep '17, 4pm

    The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements. It said central banks will need to figure out whether to issue a digital currency a...

  • The Summer of Bitcoin Ends Badly

    bloomberg.com 15 Sep '17, 4pm

    Bitcoin’s meteoric summertime surge risks coming to a painful end as Chinese policy makers move to restrict trading amid growing warnings of a market bubble. The biggest cryptocurrency dropped as much as 40 percent since reaching a record high of $4,921 on Sept. 1, cutting about $20 b...

  • Bitcoin Crashes Again After China Moves to Halt Exchange

    bloomberg.com 15 Sep '17, 12pm

    Bitcoin tumbled, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of cryptocurrencies by the end of September. Regional Chinese regulators were notified of the timeline by a central bank-led group overseeing ...

  • Bitcoin Crashes Again After China Moves to Halt Exchange

    bloomberg.com 15 Sep '17, 9am

    Bitcoin tumbled, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of cryptocurrencies by the end of September. Regional Chinese regulators were notified of the timeline by a central bank-led group overseeing ...

  • Forget $3,000, Bulls May Retreat If Bitcoin Breaks $2,877: Chart

    bloomberg.com 15 Sep '17, 6am

    Bitcoin’s more-than 20 percent slump this week on China’s reported plans to shut down cryptocurrency exchange trading has investors speculating when it will drop below the key psychological level of $3,000. But the level to watch may be just beyond that threshold: $2,877. Not only is ...

  • Singapore's Biggest Phone Company Jumps Into Mobile Pricing War

    bloomberg.com 15 Sep '17, 4am

    Singapore’s biggest phone company has jumped into the fray for unlimited mobile data. Customers of three plans under Singapore Telecommunications Ltd. now have the option of signing up for unlimited local data for a monthly fee of S$39.90 ($30). The three plans also include unlimited ...

  • UBS Shuns Singapore and Hong Kong Housing Markets

    bloomberg.com 15 Sep '17, 3am

    The threat of government curbs to tame prices makes Singapore and Hong Kong residential property unattractive, the regional head of UBS Asset Management’s real-estate investment arm said. “We have no exposure in the Singapore residential market and we are very comfortable not having a...

  • UBS Shuns Singapore and Hong Kong Housing Markets

    bloomberg.com 15 Sep '17, 1am

    The threat of government curbs to tame prices makes Singapore and Hong Kong residential property unattractive, the regional head of UBS Group AG ’s real-estate investment arm said. “We have no exposure in the Singapore residential market and we are very comfortable not having any expo...