businessinsider.com Archives - 04 December 2016, Sunday

  • Standard Chartered and Coutts fined in Asia money laundering crackdown

    businessinsider.com 02 Dec '16, 9am

    A man walks past the name of Coutts displayed on a branch of the bank in central London August 11, 2014. Reuters SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering ...

  • Standard Chartered and Coutts fined in Asia money laundering crackdown

    businessinsider.com 02 Dec '16, 9am

    A man walks past the name of Coutts displayed on a branch of the bank in central London August 11, 2014. Reuters SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering ...

  • Trans-Pacific Partnership affects prices of domestic-made goods

    businessinsider.com 29 Nov '16, 6pm

    Many of your favorite goods, like the iPhone 7, TVs, and billions of sneakers are made overseas. Some products

  • Britain's coin maker is going to let people trade gold using the technology behind bitcoin

    UK's Royal Mint to launch blockchain-based gold trading platform

    businessinsider.com 29 Nov '16, 9am

    The Royal Mint engraver Jody Clark poses with his portrait of Britain's Queen Elizabeth following its unveiling at the National Portrait Gallery in London. Reuters/Suzanne Plunkett LONDON, Nov 29 (Reuters) - Britain's Royal Mint and leading U.S.-based derivatives exchange CME Group ha...

  • Pyramid of luxury brands

    businessinsider.com 27 Nov '16, 10am

    A model at Milan Fashion Week. REUTERS/Alessandro Garofalo Brands are the best way to show off wealth, and there is a flood of new millionaires around the world who like showing off. "The brands bought are actually more important than the level of money earned," HSBC managing director...

  • This guy used a frequent flyer trick to take a $16,000 luxury flight for less than $500

    This guy used a frequent flyer trick to take a $16,000 luxury flight for less than $500

    businessinsider.com 18 Nov '16, 12am

    Singapore Airlines is ranked as the best in the world , so it makes sense that their first-class services are enveloped in the sleek veneer of absolute luxury — and an accordingly eye-watering price. But frequent flier and travel blogger Sam Huang of TopMiles managed to snag a $16,000...

  • Singapore wants to steal London's fintech crown after Brexit

    Singapore tries to lure fintech away from London post-Brexit

    businessinsider.com 16 Nov '16, 7am

    The Singapore skyline at night. Flickr/aotaro SINGAPORE (Reuters) - Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's ...

  • Perfect watch for the office and weekend

    businessinsider.com 13 Nov '16, 2pm

    The founder and executive editor of the luxury watch publication Hodinkee , Benjamin Clymer , recommends the best watches to wear during the week and on the weekends.

  • Perfect watch for the office and weekend

    businessinsider.com 13 Nov '16, 2pm

    The founder and executive editor of the luxury watch publication Hodinkee , Benjamin Clymer , recommends the best watches to wear during the week and on the weekends.

  • Why Singapore is the best city in the world for expats

    The best country in the world for expats

    businessinsider.com 09 Nov '16, 7pm

    Singapore. platongkoh / iStock A new study from HSBC reveals that the top place to live as an expat is Singapore . The study was conducted among 27,000 expats in about 100 countries between March and May 2016. Third party survey group YouGov conducted the poll, which did not survey HS...

  • Inside a $12,000 suite on Singapore Airlines

    businessinsider.com 07 Nov '16, 6pm

    Dan Gillaspia of UponArriving in his $12,000 suite on Singapore Airlines. Dan Gillaspia/Flickr The INSIDER Summary: • Dan Gillaspia of the travel website UponArriving scored a $12,000 suite on Singapore Airlines for only $100. • From free-flowing Champagne to a double bed, Gillaspia t...

  • Amazon is turning its attention to Singapore

    businessinsider.com 04 Nov '16, 5pm

    Transportation and logistics could be the next billion dollar opportunity for e-commerce companies. The global shipping market, including ocean, air, and truck freight, is a $2.1 trillion market, according to World Bank, Boeing, and Golden Valley Co. There is much at stake for legacy ...

  • A rare look inside the Monte Carlo Casino, the world's most spectacular place to gamble

    Inside Monte Carlo Casino, Monaco

    businessinsider.com 27 Oct '16, 10pm

    REUTERS/Eric Gaillard There is no casino more grand and more famous than the Casino de Monte Carlo in Monaco. The ornate gambling house has been featured in multiple "James Bond" movies and is perhaps the most iconic building in the tiny principality. Cameras are strictly forbidden in...

  • Singapore's self-driving taxi has crashed

    businessinsider.com 21 Oct '16, 2am

    Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore. Driverless taxi services would significantly benefit the companies crea...

  • Singapore's self-driving taxi has crashed

    businessinsider.com 21 Oct '16, 2am

    Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore. Driverless taxi services would significantly benefit the companies crea...

  • Black Swan superyacht makes billionaires jealous

    businessinsider.com 16 Oct '16, 3pm

    This slick yacht looks like a supervillians hideout straight out of out of the next 007 film . The superyacht is called The Black Swan and is a design concept by designer

  • How 7 Rolex models got their unique nicknames

    How 7 Rolex models got their unique nicknames

    businessinsider.com 16 Oct '16, 1pm

    Others, however have a rich history inherently tied to their specific reference and model. The Rolex Deepsea Sea-Dweller D-Blue, Ref. 116660, for example, was created to commemorate filmmaker James Cameron upon his return from the first solo expedition to the deepest part of the ocean...

  • Why Dubai's airports are so nice

    businessinsider.com 15 Oct '16, 3pm

    Donald Trump. Joe Raedle/Getty Images “Our airports are like from a third world country,” Donald Trump said during the first president debtes (echoing comments Vice-President Joe Biden made in 2014 ). “You land at LaGuardia, you land at Kennedy, you land at LAX, you land at Newark, an...

  • Nike released date for 'Back to the Future' inspired self-lacing sneakers

    businessinsider.com 22 Sep '16, 3pm

    Nike has finally given a release date for its 'Back to the Future' inspired self-lacing sneakers

  • 23 sneakers you can wear at the office

    23 sneakers you can wear at the office

    businessinsider.com 16 Sep '16, 8pm

    If you’re looking for a pair to wear to work and your office has a laid-back approach to dressing, you’re in luck. We rounded up 23 styles that are polished enough to swap with your loafers or oxfords every now and again. Have a look, and see if any of them catch your eye.

  • The great new era of Bitcoin isn't happening

    The great new era of Bitcoin isn't happening

    businessinsider.com 11 Aug '16, 12am

    The big new thing isn’t going to replace the boring old thing that’s been around forever. Ever. Market bubbles are often based on “new paradigm” thinking – like a new concept or technology that’s considered revolutionary and with unlimited profit potential. But as prices keep rising, ...

  • The Bank of England has created its own version of Bitcoin

    The Bank of England has created its own version of Bitcoin

    businessinsider.com 10 Aug '16, 8am

    In recent years major banking institutions have explored this new currency system . As recently as this year The Bank of England announced their initiative to create their own cryptocurrency. They’ve named it RSCoin. This new digital currency shares many characteristics of the famous ...

  • Coach signs 20-year sale-leaseback for New York headquarters: (Reuters) - Handbag maker Coach Inc said it en...

    Coach signs 20-year sale-leaseback for New York headquarters

    businessinsider.com 01 Aug '16, 10pm

    A man walks past a Coach store on Madison Avenue in New York Thomson Reuters (Reuters) - Handbag maker Coach Inc said it entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City. Coach said it received about $707 million from the deal, before transacti...

  • Exclusive: LVMH considers creative director change at Louis Vuitton - sources

    Exclusive: LVMH considers creative director change at Louis Vuitton - sources

    businessinsider.com 20 Jul '16, 3pm

    A woman walks past a Louis Vuitton shop in downtown Ulan Bator Thomson Reuters By Astrid Wendlandt PARIS (Reuters) - LVMH boss Bernard Arnault is considering a change of creative director at Louis Vuitton with the up-and-coming Jonathan Anderson, now at sister brand Loewe, viewed as t...

  • What I learned from renting a Rolex

    businessinsider.com 20 Jul '16, 2pm

    The Rolex Explorer on my tiny wrist. Dennis Green / Business Insider I was so excited when it arrived. I opened the box and was immediately enraptured by its sublime beauty. It seemed that this Rolex Explorer was made not out of stainless steel, but some kind of unearthly metal. Quite...

  • UBS, DBS, Falcon face Singapore scrutiny over 1MDB transactions: sources

    UBS, DBS, Falcon face Singapore scrutiny over 1MDB transactions: sources

    businessinsider.com 17 Jul '16, 12am

    A construction worker walks past a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia Thomson Reuters By A. Ananthalakshmi and Saeed Azhar SINGAPORE (Reuters) - Singapore's central bank is scrutinizing several banks, including...

  • What it's like to spend the #4thOfJuly in some of America's #luxury summer spots #travel

    Fourth of July in some of America's most expensive summer destinations

    businessinsider.com 02 Jul '16, 5pm

    A fashionable 2015 Fourth of July party in the Hamptons. Getty Images We've given you a glimpse into what it's like to vacation in some of the swankiest US summer destinations — but what is it like to celebrate America's birthday in these resort cities and celebrity playgrounds? Using...

  • Digital currency Ethereum is cratering amid claims of a $50 million hack

    DAO hacked, Ethereum crashing in value

    businessinsider.com 17 Jun '16, 10am

    The value of the digital currency Ethereum has dropped dramatically amid an apparent huge attack targeting an organisation with huge holdings of the currency. The price per unit dropped to $15 from record highs of $21.50 in hours, with millions of units of the digital currency worth a...

  • The UK builds a 'fintech bridge' to Singapore

    The UK builds a 'fintech bridge' to Singapore

    businessinsider.com 14 May '16, 7am

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Rolex Daytona bought for $543 now worth $100,000

    businessinsider.com 13 May '16, 1pm

    Well, after finding out the watch could be worth into six figures, the owner proceeded to sell the timepiece to a broker, who then passed the watch along to the boys over at the Keystone, in California, over six months ago! And now that the episode of Antiques Roadshow where this gold...