bloomberg.com Archives - 27 November 2014, Thursday

  • 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 economic growth exceeds previous estimate on manufacturing

    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 ...

  • Billionaire Enclave Prices Plunge on Singapore Property Curbs

    bloomberg.com 05 Nov '14, 5pm

    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 ...

  • GIC’s Blackstone Warehouse Pursuit Signals Appetite for Property -

    bloomberg.com 04 Nov '14, 12pm

    GIC Pte’s planned purchase of Blackstone Group LP’s U.S. industrial property company signals the Singapore sovereign wealth fund’s appetite for real estate as investments by other state funds wane. The Singapore fund, which manages more than $100 billion, is leading a group said to be...

  • Singapore Passes Its First Law Against Human Trafficking

    bloomberg.com 04 Nov '14, 2am

    Singapore passed its first law to prevent human trafficking, even as at least one non-governmental organization pushed for more rights for victims. The law defines trafficking in persons, or TIP, and carries penalties including jail, fines and caning, according to Christopher De Souza...

  • Haze in Singapore Subsides After Smog-Covered Morning

    bloomberg.com 03 Nov '14, 5am

    Singapore ’s haze conditions subsided after the city’s air quality reached unhealthy levels in the morning with a layer of smog covering the island. The three-hour pollutant standards index , or PSI, fell to 76 as of 3 p.m. Singapore time, retreating from the day’s peak of 116 at 10 a...

  • The 25 Best Hotels in Asia : Hong Kong

    bloomberg.com 03 Nov '14, 5am

    This "perfectly located landmark" a short walk from the Star Ferry Pier "blends the best of East and West." "High-tech, rest-inducing" rooms have "amazing double showerheads," linen sheets, blond-wood paneling, and Hermès toiletries. Pierre, on the 25th floor, serves modern French cui...

  • Hong Kong McNuggets, Rolex Sales Show Business as Usual

    bloomberg.com 03 Nov '14, 3am

    At the height of Hong Kong’s pro-democracy protests last month, jewelry chain Chow Sang Sang Holdings International Ltd. had to shut down two of its five stores along a stretch of Nathan Road in Mong Kok . The busy area, one of three locations still blockaded by protesters, commands s...

  • #Bitcoin Startups May Get Transitional License in New York

    Bitcoin Startups May Get Transitional License in New York

    bloomberg.com 03 Nov '14, 2am

    New York may offer transitional licenses to small virtual-currency firms and startups to let them grow before facing the full burden of new regulation, the state’s top financial watchdog said. Benjamin Lawsky , New York’s superintendent of financial services, has been developing a Bit...

  • Singapore Covered With Haze as Air Quality Hits Unhealthy Range

    bloomberg.com 03 Nov '14, 2am

    Singapore remained covered with haze for a second day as the city’s air quality stayed in the unhealthy range after reaching the level yesterday afternoon. The three-hour pollutant standards index , or PSI, was at 111 as of 9 a.m. local time, after peaking at 127 at 9 p.m. yesterday, ...

  • Hong Kong McNuggets, Rolex Sales Show Business as Usual

    bloomberg.com 02 Nov '14, 5pm

    At the height of Hong Kong’s pro-democracy protests last month, jewelry chain Chow Sang Sang Holdings International Ltd. had to shut down two of its five stores along a stretch of Nathan Road in Mong Kok . The busy area, one of three locations still blockaded by protesters, commands s...

  • Singapore-Kuala Lumpur bullet train may miss 2020 deadline:

    Singapore-Kuala Lumpur Bullet Train May Miss 2020 Deadline

    bloomberg.com 29 Oct '14, 11pm

    Malaysia said the high-speed rail link between Kuala Lumpur and Singapore may miss a 2020 deadline even after using government land as much as possible to avoid property-acquisition disputes. The project may take six to seven years to complete once construction starts by 2016, Land Pu...

  • Singapore’s Home Prices Need to Decline Further, Minister Says via @BloombergNews

    Singapore’s Home Prices Need to Decline Further, Minister Says -

    bloomberg.com 29 Oct '14, 4am

    Singapore 's longest stretch of property price declines since the global financial crisis may not be enough to prompt the city to ease its housing curbs. “There is some distance to go in achieving a meaningful correction, after the sharp run-up in prices in recent years,” Tharman Shan...

  • #Singapore landlords build $10 billion world empire with record #bond sales: $CLLDF $FSRPF

    Singapore Landlords Build World Empires With Bond Sales

    bloomberg.com 28 Oct '14, 2am

    Singapore landlords are tapping the fourth-lowest local borrowing costs in Asia to fund record overseas purchases of hotels, office blocks and luxury apartments as property prices fall at home. CapitaLand Ltd.’s (CAPL) Ascott Residence Trust and Malaysian tycoon Quek Leng Chan’s Guoco...

  • Bitcoin's Blockchain Database: Here's Why You Can Trust It: Video

    bloomberg.com 21 Oct '14, 9pm

    Oct. 21 (Bloomberg) -- RRE Ventures' James Robinson discusses the tech behind Bitcoin with Bloomberg's Trish Regan on "Street Smart." (Source: Bloomberg) Please enable JavaScript to view the comments powered by Disqus. Managing partner. He served on the board of more than 40 tech comp...

  • Bitcoin Miner Ditches Clients to Chase $2 Billion Coding Prize - Bloomberg

    Bitcoin Miner Ditches Clients to Chase $2 Billion Coding Prize

    bloomberg.com 21 Oct '14, 6pm

    A Swedish company that estimates its equipment is behind about 25 percent of the bitcoins being generated has had enough of servicing unhappy clients. KnCMiner has stopped selling hardware and is instead expanding its own data center where thousands of its machines mine bitcoin and si...

  • BitFlyer Bitcoin Exchange Gets $236,000 to Expand Overseas

    bloomberg.com 16 Oct '14, 3am

    BitFlyer Inc., a Japanese bitcoin exchange, raised 25 million yen ($236,000) from New York-based Bitcoin Opportunity Corp. to fund its overseas expansion. The Tokyo-based exchange, which opened in April, plans to begin offerings abroad by the end of the year, according to its founder ...