bloomberg.com Archives - 29 May 2017, Monday

  • Japan's BITPoint to Add Bitcoin Payments to Retail Outlets

    bloomberg.com 29 May '17, 3am

    BITPoint Japan Co. , the company behind Peach Aviation Ltd. ’s move to let travelers use bitcoin to pay for tickets , is planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency. “We’re holding discussions with a retail-related compa...

  • Thailand to Take on Singapore With $5.7 Billion Airport Overhaul

    bloomberg.com 29 May '17, 12am

    Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Lockheed Martin Corp.’s Sikorsky Aircra...

  • Thailand to Take on Singapore With $5.7 Billion Airport Overhaul

    bloomberg.com 28 May '17, 8pm

    Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Lockheed Martin Corp.’s Sikorsky Aircra...

  • Nike’s 36-Year Quest for the Transparent Sole -

    bloomberg.com 27 May '17, 6pm

    Air bags are Nike’s only made-in-the-USA sneaker components. They’re manufactured at two facilities, one in St. Charles, Mo., the other just outside the main campus in Beaverton. At the Oregon facility, we surrender our phones and put on safety glasses for a tour guided by Lalit Monte...

  • Expat Packages Are Worsening in Singapore and Hong Kong: Survey

    bloomberg.com 27 May '17, 12am

    The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according consultancy firm ECA International. For middle managers in Hong Kong, expat packages -- including salary, tax and benefits such as accommodation and schoo...

  • Ex-CIMB Banker Admits Insider Trades in Singapore Takeovers

    bloomberg.com 26 May '17, 5am

    Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd. banker, admitted to insider trading on two stocks before the companies received takeover offers. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Tay, 41, pleaded guilty to trading on price-s...

  • Ex-CIMB Banker Admits Insider Trades in Singapore Takeovers

    bloomberg.com 26 May '17, 4am

    Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd. banker, admitted to insider trading on two stocks before the companies received takeover offers. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Tay, 41, pleaded guilty to trading on price-s...

  • Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites: Chart

    bloomberg.com 26 May '17, 3am

    The bitcoin frenzy just got crazier. The cryptocurrency is now worth almost double an ounce of gold, with a single coin priced at about $2,450. While both are sought as a financial haven in times of political and economic uncertainty, industry executives say the surge in bitcoin is al...

  • Pact to Speed Up Bitcoin Drives Digital Currency to Record High

    bloomberg.com 25 May '17, 1pm

    Bitcoin’s seemingly unstoppable rally has just been given new impetus. The cryptocurrency extended its surge by 10 percent to a record-high $2,690 on Thursday, bringing gains this year to 182 percent, after an agreement to upgrade the speed of processing transactions. Before the pact,...

  • Messenger App Kik Debuts Its Own Digital Currency

    bloomberg.com 25 May '17, 12pm

    Messaging app Kik Interactive is the latest and potentially most well-established company to delve into a quirky new form of fundraising -- creating its own digital currency. Kik, based in Waterloo, Canada, unveiled plans for an “initial coin offering,” a process by which it sells tok...

  • A Tiny Island Off #Singapore May Hold Answers to Energy's Future - Bloomberg

    A Tiny Island Off Singapore May Hold Keys to Energy's Future

    bloomberg.com 25 May '17, 5am

    On a small island off the southern coast of Singapore, a French energy company is experimenting with what it hopes will be the future of renewable power storage. Engie SA is helping build a small, self-contained power grid on Semakau Island to demonstrate the usefulness of hydrogen ga...

  • Singapore Posts Smaller GDP Contraction Than Earlier Estimated

    Singapore Sees GDP Growth Exceeding 2% in 2017 as Exports Climb

    bloomberg.com 25 May '17, 12am

    The Ministry of Trade and Industry maintained its GDP growth forecast for 2017 at 1 percent to 3 percent, but said the economy will likely grow faster than the 2 percent expansion in 2016, barring any downside risks In a revised estimate of first-quarter data, the ministry said gross ...

  • Singapore Sees GDP Growth Exceeding 2% in 2017 as Exports Climb

    bloomberg.com 25 May '17, 12am

    The Ministry of Trade and Industry maintained its GDP growth forecast for 2017 at 1 percent to 3 percent, but said the economy will likely grow faster than the 2 percent expansion in 2016, barring any downside risks In a revised estimate of first-quarter data, the ministry said gross ...

  • John McAfee Says Bitcoin Boom to Put MGT in the Black

    bloomberg.com 24 May '17, 11pm

    MGT Capital grabbed investors’ attention last year after naming McAfee CEO. The news sent its shares into a frenzy, but the euphoria quickly faded after the U.S. Securities and Exchange Commission subpoenaed the company and the stock was delisted from the New York Stock Exchange. The ...

  • A Tiny Island Off Singapore May Hold Answers to Energy's Future

    bloomberg.com 24 May '17, 10pm

    On a small island off the southern coast of Singapore, a French energy company is experimenting with what it hopes will be the future of renewable power storage. Engie SA is helping build a small, self-contained power grid on Semakau Island to demonstrate the usefulness of hydrogen ga...

  • Cryptocurrency Mania Goes Beyond Bitcoin

    bloomberg.com 24 May '17, 8pm

    Think bitcoin’s surge of more than 30 percent in the last week is impressive? Check out what some of its cousins are up to. The market capitalization of digital currencies has soared over 50 percent to more than $90 billion in the past seven days as the frenzy around cryptocurrencies ...

  • Cryptocurrency Mania Goes Beyond Bitcoin

    bloomberg.com 24 May '17, 6pm

    Think bitcoin’s surge of more than 30 percent in the last week is impressive? Check out what some of its cousins are up to. The market capitalization of digital currencies has soared over 50 percent to more than $90 billion in the past seven days as the frenzy around cryptocurrencies ...

  • Singapore Air Mulling More Debt Points to Potential Dollar Bonds

    bloomberg.com 24 May '17, 9am

    As Singapore Airlines Ltd. considers broadening its debt sources amid plans to spend S$30.1 billion ($22 billion), some analysts are pointing to the likelihood of a shift to U.S.-dollar bonds and the higher borrowing costs that may entail. Chief Financial Officer Stephen Barnes said o...

  • Singapore Convicts Fifth Person Involved in 1MDB-Related Cases

    bloomberg.com 24 May '17, 8am

    Kelvin Ang Wee Keng was fined S$9,000 ($6,477) after he admitted that he made a corrupt payment to an analyst in a Singapore case related to 1Malaysia Development Bhd investigations. Ang, 35, was a broker with Kim Eng Securities Pte until 2015 and made about S$100,000 annually in comm...

  • Around the World in 30 Steaks: The Best From Las Vegas to Tokyo

    bloomberg.com 24 May '17, 5am

    This is a secret restaurant, without a website or even a sign to identify it. You have to be known to the chef to get a table. Wolfgang Puck is a fan. "My chef at Spago, Tetsu Yahagi, told me about the restaurant," Puck says. "What I love about it is that it is not a traditional steak...

  • Singapore Exchange Said to Be Near Deal With Regulator for IPOs

    bloomberg.com 23 May '17, 1am

    Singapore Exchange Ltd. is nearing a deal with the city’s technology regulator to develop a system designed to encourage local startups to list on the bourse, according to people familiar with the matter. Under the agreement, the bourse operator would help pair technology companies wi...

  • Surprise! Asia's Central Banks Still Have the X-Factor

    bloomberg.com 22 May '17, 10pm

    When Janet Yellen pulls the trigger on a rate hike, markets usually take the decision in their stride. That's because Federal Reserve officials will have publicly debated and flagged the change for months in advance. In Asia, things are different. Central banks in the region often sur...

  • Peach Becomes Japan's First Airline to Accept Payment in Bitcoin

    bloomberg.com 22 May '17, 7pm

    Peach Aviation Ltd. will become the first Japanese carrier to accept bitcoin as payment for airline tickets as the discount airline aims to attract more tourists from other parts of Asia. The cryptocurrency can be used to book seats starting by the end of the year, Peach said in a sta...

  • Seven Takeaways From Geneva's $63 Million Watch Auctions

    bloomberg.com 22 May '17, 5pm

    Sotheby’s simply put too much faith (and invested too much of their marketing budget) into their top lot, the Patek Philippe Caliber 89, and when that failed to sell there was very little left in the catalog to rescue an abysmal day. Sales dropped 17 percent compared to last year's Ge...

  • Rally in Singapore Health-Care Stocks May Not Be Over

    bloomberg.com 22 May '17, 2am

    Health-care stocks in Singapore have rewarded investors with an average 50 percent gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region’s medical-care market. Singapore Medical Group Ltd. has more than doubled since August when it...

  • Rally in Singapore Health-Care Stocks May Not Be Over

    bloomberg.com 21 May '17, 9pm

    Health-care stocks in Singapore have rewarded investors with an average 50 percent gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region’s medical-care market. Singapore Medical Group Ltd. has more than doubled since August when it...

  • Trump Nominates K.T. McFarland to Be Ambassador to Singapore

    bloomberg.com 20 May '17, 12am

    President Donald Trump nominated K.T. McFarland to be U.S. ambassador to Singapore, removing her as a deputy national security adviser less than four months after she was brought on by Michael Flynn. Trump also announced he nominated Callista Gingrich, the wife of former House Speaker...

  • Trump Nominates K.T. McFarland to Be Ambassador to Singapore

    bloomberg.com 20 May '17, 12am

    President Donald Trump nominated K.T. McFarland to be U.S. ambassador to Singapore, removing her as a deputy national security adviser less than four months after she was brought on by Michael Flynn. Trump also announced he nominated Callista Gingrich, the wife of former House Speaker...

  • Trump Nominates K.T. McFarland to Be Ambassador to Singapore

    bloomberg.com 19 May '17, 11pm

    President Donald Trump nominated K.T. McFarland to be U.S. ambassador to Singapore, removing her as a deputy national security adviser less than four months after she was brought on by Michael Flynn. Trump also announced he nominated Callista Gingrich, the wife of former House Speaker...