bloomberg.com Archives - 24 March 2017, Friday

  • Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited

    bloomberg.com 23 Mar '17, 10pm

    In late February about 200 executives, coders, and developers gathered in the downtown Brooklyn office of JPMorgan Chase & Co. to hear an all-day pitch for a new industry group called the Enterprise Ethereum Alliance. Ethereum? It’s the ghostly sounding name for a so-called blockchain...

  • Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited

    bloomberg.com 23 Mar '17, 7pm

    In late February about 200 executives, coders, and developers gathered in the downtown Brooklyn office of JPMorgan Chase & Co. to hear an all-day pitch for a new industry group called the Enterprise Ethereum Alliance. Ethereum? It’s the ghostly sounding name for a so-called blockchain...

  • This Louis Vuitton Sneaker Is Silicon Valley’s Latest Status Symbol -

    bloomberg.com 23 Mar '17, 8am

    This flamboyant version of the shoe—resembling as it does a hybrid of a vintage Ponys and a pair of Vans—is no longer in production. While you can find its former retail price listed as $745, Graham Wetzbarger, the Real Real’s head of authentication, says that $515 should be closer to...

  • Singapore and Hong Kong Top World’s Most Expensive Cities -

    bloomberg.com 22 Mar '17, 11am

    Tokyo returned to the ranks of the world’s 10 costliest cities in 2017 as Asia’s representation expanded, reflecting the region’s rising clout in the global economy. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Japan’s capital, the world’s ...

  • Hermes 2016 Profit Climbs on Handbag Sales, Europe Growth

    bloomberg.com 22 Mar '17, 9am

    French luxury handbag maker Hermes International SCA reported a 10 percent increase in full-year profit, helped by European tourism shifting towards the U.K. and Italy. Terrorist attacks in France and the decline of the pound are drawing tourists to London and Rome, Chief Executive Of...

  • Hermes 2016 Profit Climbs on Handbag Sales, Europe Growth

    bloomberg.com 22 Mar '17, 8am

    Hermes 2016 Profit Climbs on Handbag Sales, Europe Growth by Corinne Gretler @gretlerc More stories by Corinne Gretler and Thomas Buckley @tgbuckley More stories by Thomas Buckley March 22, 2017, 3:00 AM EDT March 22, 2017, 4:19 AM EDT Weak pound, terrorism in France send tourists to ...

  • Lazada Brings Alibaba's Biggest Bazaar to Singaporean Shoppers

    bloomberg.com 22 Mar '17, 5am

    Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding Ltd. and Lazada Group SA are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took contro...

  • Lazada Brings Alibaba's Biggest Bazaar to Singaporean Shoppers

    bloomberg.com 22 Mar '17, 4am

    Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding Ltd. and Lazada Group SA are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took contro...

  • Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case

    bloomberg.com 22 Mar '17, 3am

    A former trader at DBS Group Holdings Ltd.’s brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday. The former DBS Vickers Securities (Singapore) Pte broker had...

  • Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case

    bloomberg.com 22 Mar '17, 2am

    A former trader at DBS Group Holdings Ltd.’s brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday. The former DBS Vickers Securities (Singapore) Pte broker had...

  • Singapore and Hong Kong Top World’s Most Expensive Cities -

    bloomberg.com 22 Mar '17, 1am

    Tokyo returned to the ranks of the world’s 10 costliest cities in 2017 as Asia’s representation expanded, reflecting the region’s rising clout in the global economy. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Japan’s capital, the world’s ...

  • Singapore and Hong Kong Top World’s Most Expensive Cities -

    bloomberg.com 21 Mar '17, 7am

    Tokyo returned to the ranks of the world’s 10 costliest cities in 2017 as Asia’s representation expanded, reflecting the region’s rising clout in the global economy. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up Japan’s capital, the world’s ...

  • This Louis Vuitton Sneaker Is Silicon Valley’s Latest Status Symbol -

    bloomberg.com 20 Mar '17, 7pm

    This flamboyant version of the shoe—resembling as it does a hybrid of a vintage Ponys and a pair of Vans—is no longer in production. While you can find its former retail price listed as $745, Graham Wetzbarger, the Real Real’s head of authentication, says that $515 should be closer to...

  • This Louis Vuitton Sneaker Is Silicon Valley’s Latest Status Symbol -

    bloomberg.com 20 Mar '17, 7pm

    This flamboyant version of the shoe—resembling as it does a hybrid of a vintage Ponys and a pair of Vans—is no longer in production. While you can find its former retail price listed as $745, Graham Wetzbarger, the Real Real’s head of authentication, says that $515 should be closer to...

  • This Louis Vuitton Sneaker Is Silicon Valley’s Latest Status Symbol -

    bloomberg.com 20 Mar '17, 6pm

    While a running shoe like the Boost makes plausible claims about the technology that helps some people actually run well in it, the Rockrunner prefers to direct shoppers’ attention to the series of rubberized pyramidal studs standing proud as any logo at the heel stabilizer. Striking ...

  • Default Fears Resurface Over Singapore's Looming Debt Wall

    bloomberg.com 20 Mar '17, 5am

    Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing of a firm from the city flags lingering pain despite economic recovery. Pressure to pay down obligations has been unrelenting. Companies excluding banks in Singapore must...

  • Singapore: Efficient Even in Bankruptcy - Bloomberg Gadfly

    bloomberg.com 20 Mar '17, 5am

    Perhaps more importantly for companies like Ezra, or other oil services firms with operations outside of the city-state, Singapore's court decisions will now be extra-territorial. That means an order made by a court in Singapore will be applicable across the globe. So, for example, a ...

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

    bloomberg.com 18 Mar '17, 2am

    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 ...

  • Singapore Exports Surge Most in Five Years, Beating Forecasts

    bloomberg.com 17 Mar '17, 4am

    “Looking ahead, the balance of forces is positive for Singapore’s exports on account of the following: ongoing global trade recovery with a recovery in global capex mitigating any fading impulse from the latest smartphone cycle; and a meaningful sustained pick-up in U.S. economic acti...

  • Singapore Exports Surge Most in Five Years, Beating Forecasts

    bloomberg.com 17 Mar '17, 3am

    “Looking ahead, the balance of forces is positive for Singapore’s exports on account of the following: ongoing global trade recovery with a recovery in global capex mitigating any fading impulse from the latest smartphone cycle; and a meaningful sustained pick-up in U.S. economic acti...

  • Singapore's Central Bank Seen Holding Fire as Growth Recovers

    bloomberg.com 16 Mar '17, 11pm

    Singapore’s recovery from a contraction last year may give the central bank little incentive to adjust its policy stance next month as it monitors the impact of higher U.S. interest rates. The Monetary Authority of Singapore , which uses the currency rather than interest rates as its ...

  • Blackstone Said to Put Sime Darby Singapore Property on Sale

    bloomberg.com 16 Mar '17, 10am

    Blackstone Group LP plans to sell one of the office and retail assets it acquired last year from Malaysian palm-oil producer Sime Darby Bhd., according to people familiar with the matter. The New York-based private equity firm expects to fetch about S$300 million ($214 million) for th...

  • Blackstone Said to Put Sime Darby Singapore Property on Sale

    bloomberg.com 16 Mar '17, 4am

    Blackstone Group LP plans to sell one of the office and retail assets it acquired last year from Malaysian palm-oil producer Sime Darby Bhd., according to people familiar with the matter. The New York-based private equity firm expects to fetch about S$300 million ($214 million) for th...

  • Someone Wants to Stick a Fork in Bitcoin - Bloomberg View

    bloomberg.com 16 Mar '17, 4am

    From the Winklevoss Bitcoin Trust S-1 : “In the event of an upcoming modification to the Bitcoin Network that could potentially result in a hard fork with two separate and incompatible Bitcoin Networks, the Custodian, in consultation with the Sponsor, will elect to support the Bitcoin...

  • Someone Wants to Stick a Fork in Bitcoin - Bloomberg View

    bloomberg.com 16 Mar '17, 1am

    From the Winklevoss Bitcoin Trust S-1 : “In the event of an upcoming modification to the Bitcoin Network that could potentially result in a hard fork with two separate and incompatible Bitcoin Networks, the Custodian, in consultation with the Sponsor, will elect to support the Bitcoin...

  • Singapore's February Home Sales Triple From Year Ago on Demand

    bloomberg.com 15 Mar '17, 6am

    Singapore home sales in February more than tripled from a year earlier as developers marketed new projects to meet pent-up demand. Developers sold 977 units last month, compared with a 382 revised units in January, according to data released Wednesday by the Urban Redevelopment Author...

  • Divisive ‘Bitcoin Unlimited’ Solution Crashes After Bug Discovered - Bloomberg

    bloomberg.com 15 Mar '17, 6am

    A controversial plan to fix bitcoin’s network congestion suffered a setback after attackers used a newly-discovered bug to crash the software. Bitcoin Unlimited, which had been attracting support from the digital currency’s biggest miners, was attacked after developers brought the bug...

  • Singapore's February Home Sales Triple From Year Ago on Demand

    bloomberg.com 15 Mar '17, 6am

    Singapore home sales in February more than tripled from a year earlier as developers marketed new projects to meet pent-up demand. Developers sold 977 units last month, compared with a 382 revised units in January, according to data released Wednesday by the Urban Redevelopment Author...

  • Divisive ‘Bitcoin Unlimited’ Solution Crashes After Bug Discovered - Bloomberg

    bloomberg.com 15 Mar '17, 5am

    The Unlimited side wants to remove a pre-programmed cap on the amount of data bitcoin’s network can process, which they argue can end congestion. Opponents say removing the limit would put too much power in the hands of large organizations who have better resources to process large am...

  • Singapore Tops Tokyo as Asia's City With Best Quality of Living

    bloomberg.com 14 Mar '17, 7am

    Singapore tops the ranks in Asia as the city with the best quality of living, well ahead of Tokyo and Hong Kong because of its efficient infrastructure. The city-state gained one spot from last year and came in at No. 25 on a global ranking of 231 cities by consulting firm, Mercer, a ...