bloomberg.com Archives - 05 February 2013, Tuesday

  • Singapore police to work with European soccer match-fixing probe

    Singapore Police to Work With Soccer Match-Fixing Probe

    bloomberg.com 05 Feb '13, 7pm

    Police in Singapore are cooperating with a European law enforcement investigation into the attempted fixing of 680 professional soccer matches. Europol said two days ago a Singapore-based operation tried to fix games across the continent, including World Cup and European Championship ...

  • Hedge Fund 3 Degrees Said to Lose Challenge to Regulator’s Closure Order -

    bloomberg.com 05 Feb '13, 1pm

    3 Degrees Asset Management, asked by Singapore ’s central bank to shutter its operations following allegations that founder Moe Ibrahim diverted assets, lost a legal bid to challenge the regulator’s order, according to two people familiar with the decision. 3 Degrees’s application to ...

  • Singapore Jobless Rate at 5-Year Low Amid Foreign Worker Curbs

    bloomberg.com 31 Jan '13, 4am

    Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said...

  • Mapletree said to prepare $1.2B Singapore IPO of property assets

    Mapletree Said to Prepare $1.2 Billion IPO of Property Assets

    bloomberg.com 30 Jan '13, 6am

    Mapletree Investments Pte plans to raise more than S$1.5 billion ($1.2 billion) through the initial public offering of a real estate investment trust backed by assets in Hong Kong and China, said two people with knowledge of the matter. Mapletree Greater China Commercial Trust may sta...

  • Bitcoin Value

    bloomberg.com 28 Jan '13, 9pm

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    Business, Financial & Economic News, Stock Quotes

    bloomberg.com 28 Jan '13, 5pm

    U.S. Stocks Little Changed Amid Economic Data, Earnings Watchdog Says U.S. Treasury Failed to Curb AIG, GM Pay Berkshire Said to Have Made NYSE Euronext Bid Last Year AIG Gains on Once-In-Generation Buy Recommendation by Bernstein Christie Proposes $1 Minimum-Wage Increase Over Three ...

  • bitcoin

    Bitcoin’s Gains May Fuel Central Bank Concerns: Chart of the Day -

    bloomberg.com 28 Jan '13, 2pm

    An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks. The CHART OF THE DAY shows that bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88, according ...

  • Dylan, Hirst, Masriadi Woo Asian Billionaire Art Buyers

    bloomberg.com 24 Jan '13, 8pm

    Singapore’s Art Stage is luring the growing pool of wealthy Southeast Asian collectors with Damien Hirst’s butterflies, canvases by Indonesian artist Nyoman Masriadi and paintings by singer Bob Dylan. More than 1,000 champagne-sipping VIPs got a preview of the fair before it opened ye...

  • Singapore

    Singapore Joins Hunt for New Zuckerberg With Stanford-Style Dorm

    bloomberg.com 24 Jan '13, 5pm

    Enlarge image Singapore Joins Hunt for New Zuckerberg With Stanford-Style Dorm Munshi Ahmed/Bloomberg “In Silicon Valley the culture is there, it’s taken them 30 years to get to where they are today,” said Lily Chan, chief executive officer of NUS Enterprise. “We don’t have it in Sing...

  • Singapore’s Biggest Deals Hit by Property Curbs: Southeast Asia -

    bloomberg.com 24 Jan '13, 4pm

    Singapore’s latest round of measures to curb record property prices has become a stumbling block in the city-state’s two-biggest corporate takeover deals. Overseas Union Enterprise Ltd. (OUE) this week gave up its two- month S$13.8 billion ($11.2 billion) tussle against Thai billionai...

  • Singapore inflation accelerates, narrowing scope for central bank to ease policy

    Singapore Inflation Accelerates, Narrowing Scope to Ease Policy

    bloomberg.com 23 Jan '13, 5am

    Munshi Ahmed/Bloomberg A view shows buildings standing in the skyline of Singapore. Singapore ’s inflation rate rose to the highest in three months in December, reducing the central bank’s scope to ease monetary policy to boost growth. The consumer price index rose 4.3 percent from a ...

  • Resource Scarcity Drives Singapore to Sustainability Leadership - Bloomberg

    Resource Scarcity Drives Singapore to Sustainability Leadership

    bloomberg.com 22 Jan '13, 7pm

    Singapore has become an internationally recognized leader among global cities, for its forward-looking policy goals and strong execution. The southeast Asian city-state was found to be literally in a class by itself (pdf) -- “Well Above Average” -- of the 22 Asian cities analyzed by t...

  • Singapore

    Singapore In-Laws Rage as Women Spurn Lee’s Babies Plea -

    bloomberg.com 21 Jan '13, 4pm

    Enlarge image Singapore In-Laws Rage as Women Defy Lee’s Plea for More Babies Chris McGrath/Getty Images A young girl looks on as a couple pose for a photograph at the Singapore Registry for Marriage in Singapore. Singaporean men and women are delaying getting married in part because ...

  • Singapore Dollar Losing Luster to Higher Returns: Southeast Asia - Bloomberg

    Singapore Dollar Losing Luster to Higher Returns: Southeast Asia

    bloomberg.com 20 Jan '13, 11pm

    Singapore’s dollar will underperform most regional counterparts this year as a pickup in the global economy and faster growth among its peers reduces demand for the republic’s top-rated securities, according to HSBC Global Asset Management and Mizuho Asset Management Co. Interest in t...

  • Singapore Exports Decline Most in 14 Months as Recovery Delayed - Bloomberg

    Singapore Exports Drop Most in 14 Months as Recovery Delayed

    bloomberg.com 17 Jan '13, 1am

    Singapore ’s exports declined the most in 14 months in December as manufacturers shipped fewer electronics and pharmaceuticals, hurting economic recovery. Non-oil domestic exports slid 16.3 percent from a year earlier, after a revised 2.6 percent drop in November, the trade promotion ...

  • Singapore Curbs to Cut Industrial Property Sales: Southeast Asia - Bloomberg

    Singapore Curbs Industrial Property Sales to Avert Bubble

    bloomberg.com 16 Jan '13, 4pm

    Singapore ’s industrial building sales may drop 10 percent this year after the city became the first in Asia to impose curbs on such properties, according to the world’s largest closely held commercial real estate broker. The government on Jan. 11 imposed as much as 15 percent in stam...

  • Singapore's Record Home Sales in 2012 Drive Government Measures - Bloomberg

    Singapore’s Record Home Sales in 2012 Drive Government Measures -

    bloomberg.com 15 Jan '13, 5am

    Singapore home sales rose to a record last year, fueling prices to an all-time high and prompting the government to introduce cooling measures last week. Home sales climbed to 1,410 units in December from 1,087 units in November, according to data released by the Urban Redevelopment A...

  • Singapore's room shortage in Raffles Place district eases with Pan Pacific's newest property Parkroyal

    Raffles Place Room Shortage Eases With Parkroyal: Southeast Asia

    bloomberg.com 15 Jan '13, 12am

    Pan Pacific Hotels Group Ltd. via Bloomberg An artist's rendering of the Parkroyal on Pickering. Pan Pacific Hotels Group Ltd. (PPAC) , the hospitality company controlled by billionaire Wee Cho Yaw, will boost the number of rooms in Singapore’s Raffles Place financial district by 57 p...

  • Swatch Buys Harry Winston Jewelry Brand for $1 Billion #Retail #Luxury #Acquisition

    Swatch Buys Harry Winston Jewelry Brand for $1 Billion

    bloomberg.com 14 Jan '13, 8am

    Swatch Group AG (UHR) , the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever. Swatch Group will pay Harry Winston Diamond Corp. (HWD) $750 million and assume as m...

  • Singapore Home Prices May Post First Drop in 5 Years on Curbs

    bloomberg.com 13 Jan '13, 5pm

    Singapore rolled out the most “comprehensive” housing measures since it started cooling the market in 2009 and may drive prices lower for the first time in five years, Mizuho Corporate Bank Ltd. and Barclays Plc said. Homebuyers had to pay 5 percentage points to 7 percentage points mo...

  • CapitaLand to Exit U.K., India Projects, Reassess Australand

    bloomberg.com 03 Jan '13, 1am

    CapitaLand Ltd. (CAPL) , the Southeast Asia developer that is reorganizing into four main units to help focus on its key markets, said it will look to exit some projects in the U.K., India and the Middle East , and reassess its investment in Australia ’s Australand Property Group. The...

  • Singapore’s Private Home Prices Climb to Record on Sales -

    bloomberg.com 02 Jan '13, 1am

    Singapore home prices climbed to a record in the fourth quarter after developers sold more homes, a government report showed. The island state’s private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estim...

  • Singapore GDP expands more than economists estimated, avoids recession

    Singapore GDP Topped Survey Last Quarter, Avert Recession

    bloomberg.com 02 Jan '13, 12am

    You need to enable Javascript to play media on Bloomberg.com Play Singapore Grows and Averts Recession Singapore ’s economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain e...

  • Singapore Property Stocks to Extend 2012 Rally: Southeast Asia

    Singapore Property Stocks to Extend 2012 Rally: Southeast Asia

    bloomberg.com 31 Dec '12, 12am

    Singapore property stocks, the best performers on the benchmark Straits Times Index this year, are set to extend their gains in 2013 on higher demand for homes, offices and hotels, according to UOB-Kay Hian Pte. Six out of top 10 gainers on the 30-member gauge have been real estate-re...

  • Singapore Price Risks Persist as Economy Seen Entering Recession - Bloomberg

    Singapore’s Economy Grew 1.2% in 2012, Prime Minister Lee Says -

    bloomberg.com 30 Dec '12, 4pm

    Singapore ’s economic expansion eased in 2012 amid weak growth in advanced nations and as companies faced hiring constraints, Prime Minister Lee Hsien Loong said. Gross domestic product rose 1.2 percent in 2012, Lee said in his New Year message released in Singapore today. The growth ...

  • India Gangrape Victim Being Treated in Singapore Hospital - Bloomberg

    India Gangrape Victim Being Treated in Singapore Hospital

    bloomberg.com 27 Dec '12, 4am

    The 23-year-old Indian victim of a gangrape, which triggered protests and violent clashes in New Delhi , is being treated in a downtown Singapore hospital. “The patient arrived at Mount Elizabeth Hospital ’s intensive care unit this morning at 9:05 a.m. in an extremely critical condit...

  • Singapore November Industrial Output Recovers on Pharmaceuticals - Bloomberg

    Singapore November Industrial Output Recovers on Pharmaceuticals

    bloomberg.com 26 Dec '12, 5am

    Singapore ’s industrial production rose for the first time in four months in November as manufacturers produced more pharmaceuticals, countering a slump in electronics. Manufacturing gained 3.1 percent from a year earlier after a revised 5.1 percent drop in October, the Economic Devel...

  • Ex-Singapore Banker Fon Arrested in U.S. Over Olympus Fraud

    Ex-Singapore Banker Charged in U.S. Over Olympus Fraud

    bloomberg.com 21 Dec '12, 12am

    A former Singapore banker who allegedly helped Olympus Corp. (7733) engage in what U.S. prosecutors said was a $1.7 billion accounting fraud was arrested in California . Chan Ming Fon was arrested in Los Angeles yesterday and faces U.S. fraud charges in New York, Preet Bharara, U.S. A...

  • If you're a frequent traveller, you'll want to read this list. In Singapore, according to the survey, the best...

    World’s Finest Airport Food in U.S., Spain, Survey Says -

    bloomberg.com 19 Dec '12, 8am

    1. Porta Gaig (El Prat del Llobregat, Barcelona) 2. Salt Lick BBQ (Austin-Bergstrom International, Texas) 3. Tortas Frontera (Chicago O’Hare International) 4. Bubbles Seafood & Wine Bar (Amsterdam Schiphol) 5. Obrycki’s (Baltimore/Washington International Thurgood Marshall) 6. Crust (...

  • Singapore's Exports Unexpectedly Fell on Slump in Electronics - Bloomberg

    Singapore’s Exports Unexpectedly Fell on Slump in Electronics -

    bloomberg.com 17 Dec '12, 12am

    Singapore ’s exports unexpectedly fell for the third time in four months in November as shipments of electronics slumped and companies sold fewer goods to U.S. customers. Non-oil domestic exports fell 2.5 percent from a year earlier, after a 7.9 percent gain in October, the trade prom...