bloomberg.com Archives - 19 December 2014, Friday

  • 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...

  • Singapore Firms Buying New York to Tokyo as Curbs Bite

    bloomberg.com 30 Nov '14, 7pm

    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...

  • Singapore's wealthy stung as crude oil rout sinks bonds

    Singapore Wealthy Stung as Crude Rout Sinks Bonds: Asean Credit

    bloomberg.com 28 Nov '14, 4am

    Singapore ’s wealthiest residents may be regretting bank rolling the island’s oil industry. Bonds from oilfield services providers are the worst performers among all local notes this year as the fuel slumped more than 30 percent since June. Two-year securities of Swiber Holdings Ltd.,...

  • gold

    Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense

    bloomberg.com 27 Nov '14, 4am

    The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent of the virtual currency bitcoin. “There is no economic or financial case for a central bank to hold any s...

  • Peer-to-Peer Currencies: What’s Driving Bitcoin? | Bloomberg Professional Service

    bloomberg.com 25 Nov '14, 12pm

    Peer-to-Peer Currencies: What’s Driving Bitcoin? Peer-to-peer currencies are nothing new, but their usage continues to evolve. The most widely talked about such currency is bitcoin. And while bitcoin may not have lived up to the early hype of replacing government-issued paper money, t...

  • Singapore Predicts 3% Growth This Year as Global Outlook Falters

    bloomberg.com 25 Nov '14, 1am

    Singapore said a global slowdown in the final months of the year will cap full-year economic growth at about 3 percent before an uneven recovery in 2015. The island’s expansion will probably ease after gross domestic product rose 3.3 percent in the first three quarters from a year ear...

  • Aurel Bacs on What It Feels Like to Win a $24 Million Watch - #Luxury #Watches

    Aurel Bacs on What It Feels Like to Win a $24 Million Watch

    bloomberg.com 23 Nov '14, 9am

    That is one of the most beautiful watches, in absolute terms. The 2523 reference is one of the most gorgeous, most sophisticated post-war Patek Philippe references. When you look at that case, it has those sculpted lugs with multiple facets that really don't respond well to polishing,...

  • Bitcoin Auction Winner Draper to Bid Again in December via @BloombergNews

    Bitcoin Auction Winner Draper to Bid Again in December

    bloomberg.com 18 Nov '14, 5pm

    Venture capitalist Tim Draper, the sole winner in a June auction of about 30,000 bitcoins, said he plans to bid again when the U.S. government sells an even bigger cache of the virtual currency next month. “I am a big believer in bitcoin, and I believe it to be one of the most importa...

  • Bitcoin Startup Buttercoin Draws Wedbush as Investor

    bloomberg.com 18 Nov '14, 1pm

    (Corrects third paragraph to remove reference to when fundraising round will close.) Wedbush Securities Inc., the Los Angeles-based financial-services firm founded in 1955 by friends fresh out of college, took a stake in bitcoin venture Buttercoin and is using the platform to buy and ...

  • Singapore Condo Drop Makes City Carry-Trade Source: Asean Credit

    bloomberg.com 14 Nov '14, 3am

    “The combination of low implied volatility and and low yield renders the Singapore dollar the most efficient funding currency for high-yielding Asian currencies,” Sue Trinh , a senior currency strategist at Royal Bank of Canada in Hong Kong , wrote in a Nov. 7 research report. “We see...

  • Singapore Condo Drop Makes City Carry-Trade Source: Asean Credit

    bloomberg.com 14 Nov '14, 12am

    “The combination of low implied volatility and and low yield renders the Singapore dollar the most efficient funding currency for high-yielding Asian currencies,” Sue Trinh , a senior currency strategist at Royal Bank of Canada in Hong Kong , wrote in a Nov. 7 research report. “We see...

  • Singapore to Face Fire Sales With Home Curbs, Developer Says

    bloomberg.com 13 Nov '14, 3am

    Singapore’s housing market may face “fire sales” with mortgage defaults as the government’s property curbs hurt home sales and prices, the city-state’s second-biggest developer said. City Developments Ltd. (CIT) , which built luxury condominiums such as St. Regis Residences near the O...

  • Singapore May Face Housing Fire Sales With Curbs, Developer Says

    bloomberg.com 13 Nov '14, 12am

    Singapore’s housing market may face “fire sales” with mortgage defaults as the government’s property curbs hurt home sales and prices, the city-state’s second-biggest developer said. City Developments Ltd. (CIT) , which built luxury condominiums such as St. Regis Residences near the O...

  • Singapore to Face Fire Sales With Home Curbs, Developer Says

    bloomberg.com 13 Nov '14, 12am

    Singapore’s housing market may face “fire sales” with mortgage defaults as the government’s property curbs hurt home sales and prices, the city-state’s second-biggest developer said. City Developments Ltd. (CIT) , which built luxury condominiums such as St. Regis Residences near the O...

  • Most Efficient Health Care Around the World

    bloomberg.com 08 Nov '14, 5am

    Singapore is best in Bloomberg's second annual ranking of countries with the most efficient health care while the U.S. remains near the bottom. The ranking evaluates health care costs as a share of GDP and per capita, as well as life expectancy and improvements from last year.

  • Billionaire Enclave Prices Drop on Singapore Property Curbs

    bloomberg.com 06 Nov '14, 9am

    Australian hedge-fund manager Stephen Fisher says he was lucky to have bought his luxury home on Sentosa, a Singapore resort island that has attracted the wealthy, in 2005, before property curbs kicked in. “I would be very wary of buying a second property in Singapore as I would have ...

  • Billionaire Enclave Prices Drop on Singapore Property Curbs

    bloomberg.com 06 Nov '14, 1am

    Australian hedge-fund manager Stephen Fisher says he was lucky to have bought his luxury home on Sentosa, a Singapore resort island that has attracted the wealthy, in 2005, before property curbs kicked in. “I would be very wary of buying a second property in Singapore as I would have ...

  • Billionaire Enclave Prices Drop on Singapore Property Curbs

    bloomberg.com 06 Nov '14, 1am

    Australian hedge-fund manager Stephen Fisher says he was lucky to have bought his luxury home on Sentosa, a Singapore resort island that has attracted the wealthy, in 2005, before property curbs kicked in. “I would be very wary of buying a second property in Singapore as I would have ...