bloomberg.com Archives - 04 December 2016, Sunday

  • Singapore Sanctions Ex-Goldman Banker Leissner After Probe

    bloomberg.com 02 Dec '16, 2am

    Singapore plans to bar former Goldman Sachs Group Inc. banker Tim Leissner from its securities industry for 10 years and fined Standard Chartered Plc and Coutts & Co. over breaches related to a scandal-plagued Malaysian sovereign fund. Leissner, who left Goldman Sachs in February, was...

  • Singapore Sanctions Ex-Goldman Banker Leissner After Probe

    bloomberg.com 02 Dec '16, 1am

    Singapore plans to bar former Goldman Sachs Group Inc. banker Tim Leissner from its securities industry for 10 years and fined Standard Chartered Plc and Coutts & Co. over breaches related to a scandal-plagued Malaysian sovereign fund. Leissner, who left Goldman Sachs in February, was...

  • Alphadyne to Spin Off $2 Billion Singapore Hedge Fund Unit

    bloomberg.com 01 Dec '16, 4am

    Alphadyne Asset Management LLC, a New York-based hedge-fund manager overseeing $4.8 billion in assets, will separate its Asia team into a new firm, said a person with knowledge of the matter. Bart Broadman, a co-founder of Alphadyne and chief investment officer of its Asia strategy, w...

  • Alphadyne to Spin Off $2 Billion Singapore Hedge Fund Unit

    bloomberg.com 01 Dec '16, 3am

    Alphadyne Asset Management LLC, a New York-based hedge-fund manager overseeing $4.8 billion in assets, will separate its Asia team into a new firm, said a person with knowledge of the matter. Bart Broadman, a co-founder of Alphadyne and chief investment officer of its Asia strategy, w...

  • China-Singapore Tensions Spill Into Open After Customs Spat

    bloomberg.com 01 Dec '16, 3am

    For decades, Singapore has walked a careful line between the U.S. and China. Now, the tiny Southeast Asian state is finding itself in Beijing’s cross hairs. China has gone public in recent months to chastise Singapore for a perceived alignment with the U.S. against China’s actions in ...

  • China-Singapore Tensions Spill Into Public View Via Customs Spat

    bloomberg.com 30 Nov '16, 10pm

    China has gone public in recent months to chastise Singapore for a perceived alignment with the U.S. against China’s actions in the disputed South China Sea. For Singapore, which the U.S. Navy uses as a launch point for patrols of the strategic Strait of Malacca, the tensions cast dou...

  • A tweeting Trump could be good for markets, says this Singapore Exchange executive

    Tweeting Trump Has Brought Markets to Life, SGX Executive Says

    bloomberg.com 30 Nov '16, 3am

    Donald Trump’s election win and the U.S. president-elect’s penchant for off-the-cuff social media posts has been a boon for financial markets, said Chew Sutat, head of equities and fixed income at Singapore Exchange Ltd. “With Trump, what you see is greater uncertainty, and the opport...

  • DBS, Bank of Singapore Ready for Acquisitions in Wealth Mission

    bloomberg.com 29 Nov '16, 8am

    DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires. DBS would look at any deal that fits with its strategy and is at the...

  • There's more to cryptocurrency than just Bitcoin

    Odd Lots: How to Launch Your Own Form of Money

    bloomberg.com 28 Nov '16, 3pm

    Start your day with what’s moving markets. Get our markets daily newsletter. Sign Up Business Your daily briefing on the most important business stories of the day. You will now receive the Business newsletter Politics The latest political news, analysis, charts, and dispatches from t...

  • Take a first look at the future of Marriott and Starwood's luxury brands

    Marriott and Starwood Reveal Future of Their Luxury Brands

    bloomberg.com 28 Nov '16, 2pm

    Autograph Collection is notably absent from the luxury group, which could represent a stellar value proposition—particularly if the future loyalty program bases redemption values according to where a brand falls on this new spectrum. The brand of independent hotels has both four- and ...

  • Asia's Hedge Fund Old-Timer Allen Backs Fledgling Singapore Firm

    bloomberg.com 28 Nov '16, 2am

    Nicholas Allan, co-founder of one of Asia’s earliest hedge funds, is backing a fledgling Singapore-based firm even as investors are fleeing the industry amid subpar returns. Allan, who helped start Boyer Allan Investment Management in 1998, is coming in as an investor and adviser to t...

  • Asia's Hedge Fund Old-Timer Allen Backs Fledgling Singapore Firm

    bloomberg.com 28 Nov '16, 2am

    Nicholas Allan, co-founder of one of Asia’s earliest hedge funds, is backing a fledgling Singapore-based firm even as investors are fleeing the industry amid subpar returns. Allan, who helped start Boyer Allan Investment Management in 1998, is coming in as an investor and adviser to t...

  • This Remote Military Base Is Where China Blasts Humans Into Space

    bloomberg.com 27 Nov '16, 11pm

    Jiayuguan was once the tangible edge of Chinese civilization –- where the Great Wall ends and the desolation of the Gobi Desert begins. Now, four hours beyond those limits in a locked-down location along the Ruoshui River, China has built a gateway to the new final frontier. Jiuquan S...

  • Singapore’s GIC Hires Big Data Expert in Quant Strategy Push -

    bloomberg.com 27 Nov '16, 11pm

    GIC Pte has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year. The Singapore sovereign wealth fund appointed Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and An...

  • Singapore’s GIC Hires Big Data Expert in Quant Strategy Push -

    bloomberg.com 27 Nov '16, 11pm

    GIC Pte has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year. The Singapore sovereign wealth fund appointed Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and An...

  • Hong Kong, Singapore Lead Global Routes for Air Travel: Chart

    bloomberg.com 27 Nov '16, 10pm

    Travel between Asian airports dominated world rankings of the busiest international flight routes last year, led by Hong Kong-Taipei with 5.1 million passengers, according to the International Air Transport Association. An increase in budget carriers and economic growth in Asia have m...

  • Hong Kong, Singapore Lead Global Routes for Air Travel: Chart

    bloomberg.com 27 Nov '16, 10pm

    Travel between Asian airports dominated world rankings of the busiest international flight routes last year, led by Hong Kong-Taipei with 5.1 million passengers, according to the International Air Transport Association. An increase in budget carriers and economic growth in Asia have m...

  • Singapore’s GIC Hires Big Data Expert in Quant Strategy Push -

    bloomberg.com 27 Nov '16, 9pm

    GIC Pte has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year. The Singapore sovereign wealth fund appointed Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and An...

  • AEP Investment Said to Mull IPO for S$1 Billion Property Assets

    bloomberg.com 25 Nov '16, 10am

    AEP Investment Management Pte, which invests in commercial real estate in Asia Pacific, is considering listing some of its assets through a Singapore initial public offering, people with knowledge of the matter said. AEP has held talks with investment banks about potential exit option...

  • Singapore to Give Loans to Help Struggling Oil-Linked Companies

    bloomberg.com 25 Nov '16, 6am

    Singapore will provide financing support to the country’s marine and offshore engineering companies to help ease some of the liquidity problems the industry has been facing amid weak oil prices. Companies in that sector will have access to borrow as much as S$5 million ($3.5 million) ...

  • Singapore to Give Loans to Help Struggling Oil-Linked Companies

    bloomberg.com 25 Nov '16, 6am

    Singapore will provide financing support to the country’s marine and offshore engineering companies to help ease some of the liquidity problems the industry has been facing amid weak oil prices. Companies in that sector will have access to borrow as much as S$5 million ($3.5 million) ...

  • Singapore Braces for Globalization Backlash as Trade Fears Grow

    bloomberg.com 24 Nov '16, 12pm

    Singapore, on track to post its worst economic performance since the 2009 global financial crisis this year, is bracing for more uncertainty as rising protectionism poses risks for the export-dependent nation. While the government is forecasting economic growth of as much as 3 percent...

  • Singapore Braces for Globalization Backlash as Trade Fears Grow

    bloomberg.com 24 Nov '16, 6am

    Singapore, on track to post its worst economic performance since the 2009 global financial crisis this year, is bracing for more uncertainty as rising protectionism poses risks for the export-dependent nation. While the government is forecasting economic growth of as much as 3 percent...

  • Thailand evokes Singapore's Temasek as the Junta tries to revive state firms

    Thailand Evokes Temasek as Junta Tries to Revive State Firms

    bloomberg.com 24 Nov '16, 4am

    Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises. A law to boost the governance of such firms and enable the creation of the holding company may be enac...

  • Singapore Third-Quarter GDP Shrinks Less Than Government Estimated

    Singapore Third-Quarter GDP Shrinks Less Than Government Estimated

    bloomberg.com 24 Nov '16, 12am

    “While growth was better than initially estimated, it doesn’t hide the fact that there are significant headwinds to growth that aren’t expected to disappear,” said Joseph Incalcaterra, Asia-Pacific economist for HSBC Holdings Plc in Hong Kong. “Singapore is most sensitive to trade flo...

  • Singapore Third-Quarter GDP Shrinks Less Than Government Estimated

    bloomberg.com 24 Nov '16, 12am

    Singapore’s economy contracted less than the government previously estimated in the third quarter, signaling a mild improvement in prospects for the trade-dependent nation. Key Points Gross domestic product fell an annualized 2 percent in the third quarter from the previous three mont...

  • $100 Billion Chinese-made city near Singapore ‘scares everybody’:

    $100 Billion Chinese-made city near Singapore 'scares everybody' | Emerging Markets | Bloomberg Professional

    bloomberg.com 23 Nov '16, 2pm

    The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to ...

  • Julius Baer Hires Private Bankers From BSI in Singapore

    bloomberg.com 22 Nov '16, 2am

    Swiss private bank Julius Baer Group Ltd. is pushing ahead with a recruitment drive in Asia, hiring close to 20 Singapore-based bankers from BSI SA, the wealth manager caught up in the scandal surrounding 1Malaysia Development Bhd., according to a person familiar with the matter. The ...

  • Julius Baer Hires Private Bankers From BSI in Singapore

    bloomberg.com 22 Nov '16, 1am

    Swiss private bank Julius Baer Group Ltd. is pushing ahead with a recruitment drive in Asia, hiring close to 20 Singapore-based bankers from BSI SA, the wealth manager caught up in the scandal surrounding 1Malaysia Development Bhd., according to a person familiar with the matter. The ...

  • $100 Billion Chinese-Made City Near Singapore 'Scares the Hell Out of Everybody'

    bloomberg.com 22 Nov '16, 12am

    The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to ...