bloomberg.com Archives - 29 July 2014, Tuesday

  • 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...

  • South Korea Movie Producer Jumps 54% in Debut: Singapore Mover

    bloomberg.com 22 Jul '14, 2am

    Spackman Entertainment Group (SEG) , the South Korean movie producer of films such as “Snowpiercer,” surged 54 percent in its trading debut in Singapore as the first Korean entertainment company to list in the city state. The shares jumped to 40 Singapore cents from its offer price of...

  • #bitcoin

    Bitcoin Dominance Challenged as Danish Bourse Offers NXT Trading

    bloomberg.com 18 Jul '14, 9am

    Denmark’s virtual-currency bourse says it will become the world’s first to allow clients to swap dollars and euros for NXT, the fourth-largest crypto-payment form which until now has only been traded via bitcoin. The CCEDK Crypto Coins Exchange Denmark ApS, which opened in May, will s...

  • Singapore Top Court Tackles Challenge to 1938 Gay-Sex Ban via @BloombergNews

    Singapore Top Court Tackles Challenge to 1938 Gay-Sex Ban

    bloomberg.com 14 Jul '14, 2am

    Singapore ’s highest court is hearing challenges to a 76-year-old ban on gay sex, a divisive issue after India reversed a decision to strike down a similar law and same-sex marriage was allowed in New Zealand last year. Lawyers for Kenneth Chee and Gary Lim argued that the ban, first ...

  • Singapore GDP contracts in 2nd quarter as manufacturing falls

    Singapore GDP Unexpectedly Shrinks as Manufacturing Declines

    bloomberg.com 14 Jul '14, 12am

    Singapore ’s economy unexpectedly contracted in the second quarter as a tight labor supply and company moves to shift production overseas hurt manufacturing. Gross domestic product fell an annualized 0.8 percent in the three months through June from the previous quarter, when it expan...

  • Bitcoin Domain-Name Prices Defy Drop in Virtual Currency’s Value -

    bloomberg.com 11 Jul '14, 4am

    Bitcoin’s 46 percent decline in the value since its December peak hasn’t damped a surge in prices for Internet domain names related to the virtual currency. Entrepreneur Niko Younts said he sold the BitcoinWallet.com name in January for $250,000 -- 23 times what he paid a month earlie...

  • Bitcoin by Bitcoin, the Winklevii ETF Inches Closer to Reality via @BloombergNews

    Bitcoin by Bitcoin, the Winklevii ETF Inches Closer to Reality

    bloomberg.com 10 Jul '14, 3pm

    It looks increasingly that the Winklevoss Bitcoin Trust (COIN) will actually launch. If it hits the market later this year, it will come a decade after the inception of the world's largest gold fund, SPDR Gold Shares (GLD ). COIN was modeled on GLD and in some ways is trying to be a n...

  • Sundaram Asset Starts New India Fund From Singapore on Modi Win

    bloomberg.com 08 Jul '14, 2am

    Sundaram Asset Management Co., whose India midcap fund has returned almost 30 percent for the past 12 years, opened its first offering that will be managed from Singapore on expectations medium-sized Indian companies will benefit from Prime Minister Narendra Modi ’s reforms. The Sunda...

  • Singapore's Temasek set to show slower asset growth on banks

    Temasek Set to Show Slower Asset Growth on Banks

    bloomberg.com 07 Jul '14, 3am

    Temasek Holdings Pte’s assets probably grew at a slower pace in the year to March because the value of some of its biggest financial assets declined. Singapore ’s state-owned investment company, which releases its annual review tomorrow, may have increased the value of its holdings by...

  • Bitcoin Faces Regulatory Backlash as EU Tells Banks to Stay Away

    Bitcoin Faces Regulatory Backlash as EU Tells Banks to Stay Away

    bloomberg.com 04 Jul '14, 1pm

    The European Commission signaled it will try to impose rules on virtual currencies such as Bitcoin after the bloc’s banking regulator ordered lenders to shun them. “It’s imperative to move quickly on this issue,” Chantal Hughes , a spokeswoman for Financial Services Commissioner Miche...

  • Singapore Property Prices Likely to Drop More: Finance Minister - Bloomberg

    Singapore Property Prices Likely to Drop More: Finance Minister

    bloomberg.com 04 Jul '14, 1pm

    Singapore Finance Minister Tharman Shanmugaratnam said he expects property prices to fall further, three days after data showed home values in the city-state dropped for a third consecutive quarter. “I don’t think the cycle is over,” Shanmugaratnam said today at a conference hosted by...

  • EU

    EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says

    bloomberg.com 04 Jul '14, 9am

    European Union banks should shun virtual currencies such as Bitcoin until a system of rules to prevent abuses are put in place, according to the bloc’s top banking regulator. The European Banking Authority called on the EU to develop safeguards for trading platforms and start groups t...

  • Brace Yourself for the Winklevoss Bitcoin ETF: Video

    bloomberg.com 03 Jul '14, 1am

    July 2 (bloomberg) -- Bitcoin Shop CEO Charles Allen and Bloomberg's Eric Balchunas discuss Cameron and Tyler Winklevoss’s proposed bitcoin exchange-traded fund with Trish Regan on "Street Smart." (Source: Bloomberg) Please enable JavaScript to view the comments powered by Disqus. Ver...

  • .@cathaypacific beats @SingaporeAir on budget air woes: chart

    Cathay Beats Singapore Air on Budget Air Woes: Chart of the Day

    bloomberg.com 02 Jul '14, 12am

    Shares of Cathay (293) Pacific Airways Ltd. routed those of Singapore Airlines Ltd. since the global financial crisis, as the Hong Kong carrier avoided the budget-airline trap while SIA doubled down. The CHART OF THE DAY shows Cathay shares delivered a total return of 53 percent in th...

  • #bitcoin

    VC Tim Draper Wins Entire Cache in Bitcoin Auction

    bloomberg.com 01 Jul '14, 9pm

    Venture capitalist Tim Draper was the single winning bidder for a cache of bitcoins at a U.S. government auction, part of a larger pool of the virtual currency seized from the Silk Road website. Draper, the co-founder of investment firm Draper Fisher Jurvetson, will work with startup ...

  • #Singapore Home Prices Post Longest Losing Streak in 5 Years via @BloombergNews

    Singapore Home Prices Post Longest Losing Streak in 5 Years

    bloomberg.com 01 Jul '14, 1am

    Singapore’s second-quarter home prices slid for a third consecutive quarter, the longest losing streak in five years, as tighter mortgage measures cooled demand in Asia’s second-most expensive housing market. An index tracking private residential prices fell 1.1 percent to 209.3 point...

  • TRENDING: Billionaire John Paulson wants to turn Puerto Rico into "the Singapore of the Caribbean."

    Paulson’s Puerto Rico Paradise Lures Rich Fleeing Taxes -

    bloomberg.com 26 Jun '14, 1pm

    Struggling to emerge from an almost decade-long economic slump , the Puerto Rican government signed a law in early 2012 that creates a tax haven for U.S. citizens. If they live on the island for at least 183 days a year, they pay minimal or no taxes, and unlike Singapore or Bermuda, A...

  • @BloombergNews

    Russians Shopping Less as Ruble Drops Hit Rolex-Selling Airports

    bloomberg.com 25 Jun '14, 11pm

    European airports are suffering from a slump in retail sales that typically deliver two-thirds of profit at major hubs as a sliding ruble curbs spending of Russians who can spend four times as much as the average traveler. The Ukraine crisis and strength of the euro, pound and Swiss f...

  • U.S. to Auction $17.4M Worth of Seized Bitcoin: Video

    bloomberg.com 25 Jun '14, 9pm

    June 25 (Bloomberg) –- SecondMarket CEO & Founder Barry Silbert and Bloomberg’s Matt Miller discuss the auction by the U.S. government of over $17M worth of Bitcoin seized after shutting down the Silk Road marketplace last year. They speak to Trish Regan on Bloomberg Television’s “Str...

  • Bitcoin Auction Draws Wall Street, Silicon Valley Bidders

    Bitcoin Auction Draws Wall Street, Silicon Valley Bidders

    bloomberg.com 25 Jun '14, 4am

    Buyers from Wall Street to Silicon Valley are lining up to bid on a cache of bitcoins worth about $17 million, underscoring the interest in the digital currency even after its boom and bust. Pantera Capital Management, a San Francisco hedge fund backed by Fortress Investment Group, an...

  • Shanghai

    Singapore Seeks Gold-Hub Role With Shanghai as Demand Shifts

    bloomberg.com 25 Jun '14, 3am

    Singapore will introduce a physical gold contract this year, while Shanghai starts international bullion trading, highlighting a push in the biggest consuming region to establish new price benchmarks as demand shifts east. Singapore’s kilobar contract for 25 kilograms of 99.99 percent...

  • Singapore to Require Banks to Hold Liquid Assets for Crises

    Singapore to Require Banks to Hold Liquid Assets for Crises

    bloomberg.com 25 Jun '14, 2am

    Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in the country and covers all currencies, Lim Hn...

  • Why Singapore Needs Help Fighting Off Cyber Attacks: Video

    bloomberg.com 23 Jun '14, 3am

    We're joined now from singapore. Tell us more about this. That is a huge demand for people with skills to fight hackers, given that a small pool of them are stretched. Cyber security is a growing concern. We need protection even more. We need a defensive system to detect and respond t...

  • Cybersecurity Skills Shortage Poses Threat in Singapore via @BloombergNews

    Cybersecurity Skills Shortage Poses Threat in Singapore

    bloomberg.com 22 Jun '14, 11pm

    Singapore’s ability to fight a rising threat from hackers is hindered by a skills shortage and lack of awareness among companies, according to the computer security firm that runs a state-supported training center. “We do see a lack of capability and capacity in skilled professionals,...