bloomberg.com Archives - 24 August 2016, Wednesday

  • Singapore Wants to Boost Its Fintech Startups

    bloomberg.com 24 Aug '16, 8am

    Singapore is reviewing the rules for venture capital firms as it attempts to draw more capital to the country’s financial technology startups, according to the head of Singapore’s central bank. Though Singapore rivals other major fintech centers such as Silicon Valley, London or New Y...

  • Singapore Reviews Venture Capital Regime to Push Startup Funding

    bloomberg.com 24 Aug '16, 5am

    Singapore is reviewing the rules for venture capital firms as it attempts to draw more capital to the country’s financial technology startups, according to the head of Singapore’s central bank. Though Singapore rivals other major fintech centers such as Silicon Valley, London or New Y...

  • This Jean-Claude Killy Rolex Is in Great Condition for $220,000

    bloomberg.com 23 Aug '16, 8pm

    Jean-Claude Killy was a two-time skiing World Cup winner from the mountains of France who captured the world's attention when he won the so-called "Triple Crown" of alpine skiing in 1968 at Grenoble, France. He won gold in the slalom, giant slalom, and downhill events at the age of 25...

  • This Jean-Claude Killy Rolex Is in Great Condition for $220,000

    bloomberg.com 23 Aug '16, 6pm

    Jean-Claude Killy was a two-time skiing World Cup winner from the mountains of France who captured the world's attention when he won the so-called "Triple Crown" of alpine skiing in 1968 at Grenoble, France. He won gold in the slalom, giant slalom, and downhill events at the age of 25...

  • Gold and Gemstones Pile Up in Singapore Vault on Quest for Haven

    Gold and Gemstones Pile Up in Singapore Vault on Quest for Haven

    bloomberg.com 23 Aug '16, 4am

    The stash of gold, silver and gems stored in the vaults and safe deposit boxes of Malca-Amit in Singapore has jumped almost 90 percent in the past year as wealthy investors seek a refuge in a world of negative interest rates, stagnating economies and political uncertainty. The company...

  • Singapore’s Lee Resumes Speech After Taking Ill Amid TV Address -

    bloomberg.com 21 Aug '16, 2pm

    Singapore’s Prime Minister Lee Hsien Loong resumed a nationally-televised speech on Sunday evening after taking ill more than half way during his main annual National Day rally address. The live broadcast of his speech had been halted while the prime minister was attended to by a medi...

  • The wretched, endless cycle of bitcoin hacks

    The Wretched, Endless Cycle of Bitcoin Hacks

    bloomberg.com 20 Aug '16, 9pm

    It seemed bitcoin exchange Bitfinex was doing all the right things. In the end, that didn’t stop hackers from stealing $65 million . The latest in a long list of attacks on the digital currency since its birth in 2009 has been particularly vexing for the bitcoin community. Not only wa...

  • #AstonMartin Launches 99 Vanquish Zagato Volante Roadsters

    Aston Martin Launches the Vanquish Zagato Volante Roadster

    bloomberg.com 20 Aug '16, 2pm

    The new Volante, which means “flying” in Italian, uses design elements that reach as far back as the 1960 DB4 GT Zagato race car (the slightly curved nose and arched rear; the slanted, recessed headlights; a low-slung curve along the side-body) and extend through the 2002 DB7 Vantage ...

  • Singapore’s Export Decline Deepens Again; Local Dollar Falls -

    bloomberg.com 17 Aug '16, 1am

    Singapore’s exports plunged the most in four months as orders from China, Indonesia and the U.S. dropped. The local currency fell as the report provided more evidence that the economy is slowing. Non-oil domestic exports dropped 10.6 percent in July from a year earlier, worse than the...

  • Singapore’s Export Decline Deepens Again; Local Dollar Falls -

    bloomberg.com 17 Aug '16, 1am

    Singapore’s exports plunged the most in four months as orders from China, Indonesia and the U.S. dropped. The local currency fell as the report provided more evidence that the economy is slowing. Non-oil domestic exports dropped 10.6 percent in July from a year earlier, worse than the...

  • Aberdeen's Young: Good Value in Singapore Banks

    bloomberg.com 16 Aug '16, 8am

    Hugh Young, managing director at Aberdeen Asset Management Asia, discusses the current state of the global markets and his investment strategy. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)

  • Singapore Home Sales at Highest in a Year as Prices Drop

    bloomberg.com 15 Aug '16, 5am

    The number of new homes sold in Singapore rose to the highest in a year in July, with buyers snapping up new projects after almost three years of price declines. Developers sold 1,091 units last month, compared with 536 in June, according to data released Monday by the Urban Redevelop...

  • Singapore Home Sales at Highest in a Year as Prices Drop

    bloomberg.com 15 Aug '16, 5am

    The number of new homes sold in Singapore rose to the highest in a year in July, with buyers snapping up new projects after almost three years of price declines. Developers sold 1,091 units last month, compared with 536 in June, according to data released Monday by the Urban Redevelop...

  • Why China’s Plan to Build a New Silk Road Runs Through Singapore -

    bloomberg.com 15 Aug '16, 12am

    As the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia. So the managing director of the Pacific International Lines Group is seeking to benefit a...

  • Singaporeans are the most pessimistic about the economy in 7 years

    Singaporeans, Worried Over Jobs and Pay, Are the Gloomiest Since 2009

    bloomberg.com 14 Aug '16, 11pm

    Singaporeans are the most pessimistic about the economy in seven years as they’ve grown more gloomy about their quality of life, their income and job security. Mastercard’s consumer confidence index for the city-state plunged to 33.6 in the first half of 2016, down from 44.3 for the p...

  • Why China’s Plan to Build a New Silk Road Runs Through Singapore -

    bloomberg.com 14 Aug '16, 10pm

    As the son of a man who journeyed from China to Singapore and founded a shipping business a half century ago, Teo Siong Seng sees his life as one immersed in the ancient trading networks of Asia. So the managing director of the Pacific International Lines Group is seeking to benefit a...

  • When Will Central Banks Embrace Bitcoin?

    bloomberg.com 12 Aug '16, 8pm

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

  • Negative Rates for the People Arrive as German Bank Gives In

    bloomberg.com 12 Aug '16, 12pm

    When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far. This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee -- population 5,767 -- said it’ll start charging...

  • Singapore Builders Confronting Maturity Wall as Home Prices Drop

    bloomberg.com 12 Aug '16, 3am

    Singapore’s real-estate firms are facing record debt maturities, just as home sales post their longest-ever losing streak, straining the finances of builders less prepared to weather the storm. Singapore builders and trusts have an unprecedented S$1.8 billion ($1.3 billion) of local c...

  • Bitcoin Hack Upends World of 700% Yields

    bloomberg.com 12 Aug '16, 12am

    For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week and, on good days, would wake up to find a...

  • Singapore Builders Facing Maturity Wall as Home Prices Drop

    bloomberg.com 12 Aug '16, 12am

    Singapore’s real-estate firms are facing record debt maturities, just as home sales post their longest-ever losing streak, straining the finances of builders less prepared to weather the storm. Singapore builders and trusts have an unprecedented S$1.8 billion ($1.3 billion) of local c...

  • Bitcoin Hack Upends World of 700% Yields

    bloomberg.com 11 Aug '16, 9pm

    For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week and, on good days, would wake up to find a...

  • Supermodels, CEOs and Athletes Do Business in Rio's Other Games - Bloomberg

    Brands Hunt for Gold at the Olympics

    bloomberg.com 11 Aug '16, 9am

    If you think the athletes in Rio are battling it out, you ought to see what corporations are up to. From Heineken NV to Nissan Motor Co. to Visa Inc., companies have set up ever more elaborate venues and marketing schemes to woo customers, sniff out future sponsorship deals and push t...

  • Singapore Cuts Top End of 2016 GDP Forecast on Weak Outlook

    Singapore Cuts Top End of 2016 GDP Forecast on Weak Outlook

    bloomberg.com 11 Aug '16, 12am

    Singapore cut the top end of its 2016 growth forecast after the economy expanded less than previously estimated in the second quarter, underscoring a weakening global environment. The benchmark stock index fell. Gross domestic product expanded an annualized 0.3 percent from the first ...

  • via @business

    Lloyds Says CEO Didn’t Break Expense Rules During Singapore Trip -

    bloomberg.com 10 Aug '16, 10am

    Lloyds Banking Group Plc said Chief Executive Officer Antonio Horta-Osorio did not break its expenses policy while on a business trip after a British newspaper raised questions about whether the bank covered personal costs. Antonio Horta-Osorio, chief executive officer of Lloyds Banki...

  • Hedge Funds in Singapore Beating Hong Kong Counterparts: Chart

    bloomberg.com 10 Aug '16, 4am

    Hedge funds in Singapore have posted better returns than their Hong Kong counterparts this year, breaking a multi-year trend, according to research by data provider Preqin. One reason for the disparity is the types of hedge fund strategies prevalent in each city. Most funds in Hong Ko...

  • Hedge Funds in Singapore Beating Hong Kong Counterparts: Chart

    bloomberg.com 10 Aug '16, 4am

    Hedge funds in Singapore have posted better returns than their Hong Kong counterparts this year, breaking a multi-year trend, according to research by data provider Preqin. One reason for the disparity is the types of hedge fund strategies prevalent in each city. Most funds in Hong Ko...

  • Singapore's banks are becoming bargains for money managers

    Aberdeen Sniffs a Bargain as Debt Panic Hammers Singapore Banks

    bloomberg.com 10 Aug '16, 12am

    The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from July 28 when its client Swibe...

  • Singapore PM says the city-state can resist divisive politics amid terror risk

    Singapore Can Resist Divisive Politics Amid Terror Risk, PM Says

    bloomberg.com 09 Aug '16, 12am

    Singapore Prime Minister Lee Hsien Loong said the city-state can resist the forces that have made politics in many countries divisive and angry, even as he acknowledged the threat terrorism poses to the Southeast Asian nation. “In multi-religious societies, terrorism has caused distru...

  • Singapore Puts Off Decision on Whether to Buy Lockheed’s F-35 -

    bloomberg.com 08 Aug '16, 11pm

    Singapore has put on hold a decision to buy as many as 12 of Lockheed Martin Corp.’s F-35 jets, according to information from the Pentagon’s program office. The island nation’s permanent secretary of defense development informed the U.S. in mid-June that it was delaying final steps to...