bloomberg.com Archives - 11 February 2013, Monday

  • Putin Turns Black Gold to Bullion as Russia Outbuys World # #FF #TCOT #TGDN #NRA #Military #Teaparty #IMPEACH Bozo

    Putin Turns Black Gold to Bullion as Russia Outbuys World

    bloomberg.com 11 Feb '13, 7am

    When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metr...

  • Hermes $10,000 Birkin Purse Seen Leading to Record Sales

    Hermes $10,000 Birkin Purse Seen Leading to Record Sales

    bloomberg.com 11 Feb '13, 2am

    For decades, fashionistas have known that a Birkin bag is a safe style bet -- if you can get your hands on one. That demand makes its producer, Hermes International SCA, the surest bet in the luxury industry when it comes to sales growth. With waiting lists that can run more than a ye...

  • Interesting article on potential use of foam to stop battlefield bleeding - - #military #health #medicine #surgery

    Foam Seen as Saving Lives in Battle With Civilians Next

    bloomberg.com 10 Feb '13, 5am

    The U.S. military is testing the use of foam injections as a way to staunch internal bleeding of soldiers wounded on the battlefield. The technology may also eventually save the lives of civilians injured in car or other serious accidents far from a hospital emergency room. Expanding ...

  • Singapore Population to Be Below 6.9 Million in 2030, Lee Says

    bloomberg.com 09 Feb '13, 12am

    Singapore, which is boosting infrastructure to accommodate a population of 6.9 million by 2030, said the number of people in the city state will be “significantly” lower than what it is planning for. The government won’t decide on a population trajectory beyond 2020, Prime Minister Le...

  • condoms

    Singapore University Lifts Ban on Condom Sales at Campus Store

    bloomberg.com 08 Feb '13, 12am

    National University of Singapore, the city’s oldest, will allow a campus drug store to stock condoms after they were pulled from its shelves this week. “The university does not restrict the sale of condoms on campus, and vendors can decide if they would like to carry these items,” the...

  • Swiss Ponders Geneva-Beijing Route as Rolex Lures China Tourists

    bloomberg.com 07 Feb '13, 1pm

    Swiss International Air Lines Ltd. is exploring services on the Geneva-Beijing route as the entry of Air China Ltd. opens up potential for a code-share partnership. Demand is being driven by a surge in the number of Chinese citizens vacationing in Europe, Chief Executive Officer Harry...

  • Singapore Air Third-Quarter Profit Misses Estimate on Yields via @BloombergNews

    Singapore Air Profit Misses Estimates on Passenger Yields

    bloomberg.com 07 Feb '13, 10am

    Singapore Airlines Ltd. , Southeast Asia’s biggest airline, reported profit that missed analyst estimates for a fifth consecutive quarter on cheaper fares to carry passengers and cargo. Net income rose 5.4 percent to S$142.5 million ($115 million) in the three months ended December, t...

  • Singapore Stops Building Golf Courses as It Debates Population

    bloomberg.com 07 Feb '13, 9am

    Singapore will stop building golf courses as it ramps up public housing construction to support a population projected to grow to as much as 6.9 million by 2030. The government will not allocate any more space for golf courses, which currently occupy 2 percent of the city’s land area,...

  • Singapore Aiding Italy in Soccer Match-Fixing Probe

    bloomberg.com 07 Feb '13, 6am

    Singapore is assisting Italian authorities through Interpol in their investigation of an international soccer match-fixing syndicate, allegedly involving a Singapore citizen, police said. Europol said earlier this week an Asian-based operation tried to fix as many as 680 games, includ...

  • Singapore Sees No Conflict in Former Minister Advising Hong Kong

    bloomberg.com 07 Feb '13, 2am

    Singapore said its former foreign minister’s role as an adviser to the Hong Kong government on economic development is not a conflict of interest. George Yeo , who left the Singapore Cabinet after losing his parliamentary seat in elections two years ago, was named a non- official memb...

  • Singapore’s Soilbuild Said to Plan Industrial Property REIT -

    bloomberg.com 06 Feb '13, 1am

    Soilbuild Group Holdings Ltd ., a Singapore developer, is considering an initial public offering of its industrial properties, said three people with knowledge of the matter. Soilbuild, run by Lim Chap Huat , may list the properties as a real estate investment trust in the city-state,...

  • 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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  • As now covering #bitcoin threat to central bank model, check out 2 years of #KeiserReport coverage

    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...