bloomberg.com Archives - 30 January 2015, Friday

  • Singapore Dollar Is Weakest Since 2010 - Bloomberg Business

    bloomberg.com 28 Jan '15, 3pm

    (Bloomberg) -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation. The Monetary Authority of Singapore, which uses the exchange ra...

  • Singapore Dollar Is Weakest Since 2010 - Bloomberg Business

    bloomberg.com 28 Jan '15, 2am

    (Bloomberg) -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation. The Monetary Authority of Singapore, which uses the exchange ra...

  • Singapore Dollar Slumps Most Since 2010 on Monetary Policy Shift - Bloomberg Business

    bloomberg.com 28 Jan '15, 12am

    (Bloomberg) -- Singapore’s central bank unexpectedly eased monetary policy, sending the currency to the weakest since 2010 as the country joined global policy makers in shoring up growth amid dwindling inflation. The Monetary Authority of Singapore, which uses the currency as its main...

  • Bitcoin Will Make Payments More Efficient: Armstrong - Bloomberg Business

    bloomberg.com 27 Jan '15, 8pm

    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.

  • Venture Capitalist Draper Bets $400,000 More on Bitcoin Revival

    bloomberg.com 27 Jan '15, 4pm

    One of bitcoin’s biggest backers, billionaire venture capitalist Tim Draper, recently wagered about $400,000 that the digital currency will rebound from its recent plunge. Draper, who co-founded investment firm Draper Fisher Jurvetson, said in an e-mail that he bought 2,000 bitcoins f...

  • Rising Vacancies and Default Auctions Show Singapore Property Is on the Decline

    bloomberg.com 27 Jan '15, 8am

    Alex Zou joined about 100 Singaporeans who packed shoulder-to-shoulder into an auction at the Amara Hotel on a Friday afternoon looking for a cheap home to buy. The bargain hunters who stuffed themselves into the 50-seat conference room are another sign of the decline of Singapore ’s ...

  • Rising Vacancies and Default Auctions Show Singapore Property Is on the Decline

    bloomberg.com 26 Jan '15, 9pm

    Alex Zou joined about 100 Singaporeans who packed shoulder-to-shoulder into an auction at the Amara Hotel on a Friday afternoon looking for a cheap home to buy. The bargain hunters who stuffed themselves into the 50-seat conference room are another sign of the decline of Singapore ’s ...

  • Rolex to Raise Japan Watch Prices After Swiss Franc Soars

    bloomberg.com 20 Jan '15, 7am

    Rolex will raise prices of watches in Japan next month and Patek Philippe is considering doing the same after Switzerland ’s removal of a currency peg caused the franc to surge. Rolex will increase the price of its steel Submariner Date with a black bezel by 8 percent to 810,000 yen (...

  • Singapore Rate Spike to Weigh on Property Prices

    bloomberg.com 11 Jan '15, 11pm

    A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices. The three-month Singapore interbank offered rate , against which most home loans are benchmarked, has risen 18 basis points to 0.6392 percent this year to the hig...

  • Singapore Office Rent to Gain Most in Four Years: Southeast Asia

    bloomberg.com 05 Jan '15, 2am

    Singapore ’s prime office rents are set to post their biggest increase in at least four years in 2014, and may extend gains this year in a supply-constrained market. The office rent index for prime areas rose 8.7 percent in the first nine months of last year, heading for its largest g...

  • Singapore Office Rent to Gain Most in Four Years: Southeast Asia

    bloomberg.com 04 Jan '15, 11pm

    Singapore ’s prime office rents are set to post their biggest increase in at least four years in 2014, and may extend gains this year in a supply-constrained market. The office rent index for prime areas rose 8.7 percent in the first nine months of last year, heading for its largest g...

  • Libyan Tanker Spills Crude After Collision Near Singapore

    bloomberg.com 02 Jan '15, 3pm

    A Libyan crude tanker spilled some of its cargo off Singapore after colliding with another ship, adding to the North African country’s challenges as it contends with escalating violence and a collapsing domestic oil industry. The Alyarmouk, owned and registered in Libya , collided wit...

  • Singapore Home Prices Post Longest Losing Streak in Decade

    bloomberg.com 02 Jan '15, 1am

    Singapore ’s home prices dropped for a fifth consecutive quarter, the longest losing streak in more than a decade, as tighter mortgage curbs cooled demand in Asia ’s second-most expensive housing market. An index tracking private residential prices fell 1 percent to 205.8 points in th...

  • The AirAsia jet with 162 on board is still missing after a 10-hour search

    Search Resumes for AirAsia Plane Carrying 162 People

    bloomberg.com 28 Dec '14, 7pm

    Searchers from Indonesia and other Southeast Asian nations resumed the hunt for a AirAsia Bhd. (AIRA) plane bound for Singapore that went missing off the coast of Borneo with 155 passengers and seven crew on board. A 10-hour search yesterday found no sign of the Airbus Group NV (AIR) ...

  • Behind Singapore Production Drop, Oil Aids and Hinders Economy

    bloomberg.com 26 Dec '14, 8am

    Singapore ’s industrial output fell the most in more than a year last month, damping the outlook for growth in the fourth quarter as the government prepares to release gross domestic product data next week. Yet, the oil-price slump that contributed to declines in petroleum production ...

  • Bitcoin Meets Gold in Canadian Startup Seeking 2015 IPO

    bloomberg.com 23 Dec '14, 11pm

    A Canadian startup says it will enable customers to swap their holdings between gold bullion and bitcoins, and it plans an initial public offering next year. BitGold Inc.’s website will go live in the first quarter, co-founder Roy Sebag said in an interview today. The Toronto-based co...

  • Bitcoin Promoter Gets 2 Years for Silk Road Money Laundering

    Bitcoin Promoter Gets 2 Years for Silk Road Money Laundering

    bloomberg.com 19 Dec '14, 9pm

    Charlie Shrem, the former Bitcoin Foundation Inc. executive who pleaded guilty to charges tied to the illicit online bazaar “Silk Road,” was sentenced to two years in prison by a judge who rejected his bid to remain free and “change the world.” Shrem, 25, a prominent evangelist for th...

  • Blackstone Ready to Wait 5 Years for Singapore Property Recovery

    bloomberg.com 19 Dec '14, 5am

    Blackstone Group LP, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction. Blackstone and Malaysia ’s CIMB Bank Bhd. agreed this week to take pa...

  • Blackstone Ready to Wait 5 Years for Singapore Property Recovery

    bloomberg.com 19 Dec '14, 1am

    Blackstone Group LP, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction. Blackstone and Malaysia ’s CIMB Bank Bhd. agreed this week to take pa...

  • Bitcoin Bears Say Told You So

    bloomberg.com 15 Dec '14, 4pm

    If you think oil had a rough 2014, consider bitcoin. The digital currency has plunged 54 percent since the beginning of the year. By contrast, Brent crude has fallen 44 percent; the ruble is off some 46 percent against the dollar. Bitcoin’s collapse comes as governments around the wor...

  • Bitcoin Bears Say Told You So as Digital Currency Falls

    bloomberg.com 15 Dec '14, 2pm

    If you think oil had a rough 2014, consider bitcoin. The digital currency has plunged 54 percent since the beginning of the year. By contrast, Brent crude has fallen 44 percent; the ruble is off some 46 percent against the dollar. Bitcoin’s collapse comes as governments around the wor...

  • Singapore Sovereign Fund Bets Big on Trophy Real Estate - Bloomberg

    Singapore Sovereign Fund Bets Big on Trophy Real Estate

    bloomberg.com 09 Dec '14, 12am

    Lim Chow Kiat, a 44-year-old man with a calm demeanor and a dimpled smile, is known as someone who doesn’t stray from his habitual ways. Friends and colleagues say Lim -- group chief investment officer of GIC Pte, Singapore ’s sovereign wealth fund -- has kept his hair short and worn ...

  • Billionaire Buying Guide: What to Get the Person Who Truly Can Buy Anything: “It’s The Thought That Counts” - Bloomberg

    bloomberg.com 08 Dec '14, 10am

    Chances are, the amount of billionaire friends on your gift list is limited to two or three, maximum. And honestly, that group of gift recipient falls definitively into the “It’s The Thought That Counts” category. But what if you truly wanted to surprise and delight the most means-hav...

  • Warren Buffett's business insurer earns Singapore license in Asia push

    Buffett’s Business Insurer Receives Singapore License -

    bloomberg.com 08 Dec '14, 4am

    Berkshire Hathaway Inc. (BRK/A) ’s specialty business-insurance unit received a license to sell non-life coverage in Singapore as it makes a push into Asia. The carrier will offer commercial property, casualty, financial lines, marine, energy and construction coverage in the nation, a...

  • Want to Buy a Crocodile? One Could Be Yours for Just $1,100 - #Luxury #SouthAfrica

    Want to Buy a Crocodile? One Could Be Yours for Just $1,100

    bloomberg.com 05 Dec '14, 7am

    South Africa ’s first live crocodile auction has set benchmark prices for the carnivorous reptiles, bringing transparency to an industry where animals are usually traded privately. The auction, which took place at Wartburg in the southeastern KwaZulu-Natal province last month, saw 8,3...

  • Meet the man making Japan an oasis for Bitcoin startups

    Meet the Man Making Japan an Oasis for Bitcoin Startups

    bloomberg.com 04 Dec '14, 2am

    The man who single-handedly made Japan an oasis for bitcoin entrepreneurs was holding court with political supporters. The price of admission: $83.75. Squeezed into a tiny private room at a Chinese restaurant not far from Tokyo ’s capitol hill, Mineyuki Fukuda was at the head of the t...

  • Meet

    Meet the Man Making Japan an Oasis for Bitcoin Startups

    bloomberg.com 03 Dec '14, 4pm

    The man who single-handedly made Japan an oasis for bitcoin entrepreneurs was holding court with political supporters. The price of admission: $83.75. Squeezed into a tiny private room at a Chinese restaurant not far from Tokyo ’s capitol hill, Mineyuki Fukuda was at the head of the t...

  • Watch it, without a Rolex in sight: Retro design gift guide by @SJPulvirent

    The New Golden Age of Watches: 9 Retro Designs to Buy Now: Raiders of the Lost Archives

    bloomberg.com 02 Dec '14, 4pm

    The desire for a mechanical watch has never been more antiquated: The Apple Watch has landed , and even the lowliest microwave keeps better time than a certified chronometer. But instead of retiring that retro urge, we advise taking it a step further. The best new watches borrow their...

  • Singapore Firms Buying New York to Tokyo as Curbs Bite

    bloomberg.com 01 Dec '14, 1am

    Singapore developers struggling to sell apartments in their home market are buying property overseas, turning the island-state into the largest foreign investor from the region this year. Companies including City Developments Ltd. (CIT) and Keppel Land Ltd. (KPLD) pumped $2.32 billion...

  • Alligator at $73,000 Tops Christie’s Sale of Handbags -

    bloomberg.com 01 Dec '14, 12am

    A case of Romanee-Conti, a record-breaking Vietnamese oil painting and Hermes handbags are among the highlights so far in Christie’s International’s Hong Kong autumn auctions estimated to raise HK$3 billion ($387 million). As demand for traditional areas of the auction business levels...