Bitcoin is a cyber currency of growing interest to speculators, the media, and—most recently—the U.S. government. Many stories about Bitcoin, which is mined by computers and circulates without a central bank, contain sinister or science-fiction elements that make it hard to tell if th...
Bitcoin is a cyber currency of growing interest to speculators, the media, and—most recently—the U.S. government. Many stories about Bitcoin, which is mined by computers and circulates without a central bank, contain sinister or science-fiction elements that make it hard to tell if th...
At Singapore’s Fullerton Bay Hotel, Prime Minister Lee Hsien Loong and Malaysian counterpart Najib Razak smile and toss yusheng, a raw-fish salad symbolizing prosperity, and in this case a thaw in five decades of feuding. The traditional feast in February after the Lunar New Year was ...
The Chinese military has deployed its new anti-ship ballistic missile along its southern coast facing Taiwan, the Pentagon’s top military intelligence officer said today. The missile, designated the DF-21D, is one of a “growing number of conventionally armed” new weapons China is depl...
Many people have lost some data while reformatting a computer hard drive. Jered Kenna lost more than that. In 2010 he erased from his computer 800 Bitcoins that have been worth more than $200,000. Kenna isn’t upset: He has plenty more. He says he bought his first batch of virtual curr...
Paul Ford writes eloquently in this week’s Bloomberg Businessweek on the rise of Bitcoin, the “media-friendly, anarchist crypto-currency ” whose value jumped as the European financial crisis landed on the doorstep of Cyprus’s banking system. For the unfamiliar, Bitcoin is a form of vi...
One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitcoin, the Internet’s favorite, media-friendly, anarchist crypto-currency. In Spain, Google (GOOG ) searches for “Bitcoin” and downloads of Bitcoin apps soared. The ...
One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitcoin, the Internet’s favorite, media-friendly, anarchist crypto-currency. In Spain, Google (GOOG ) searches for “Bitcoin” and downloads of Bitcoin apps soared. The ...
Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cyprus was planning to raid domestic savings accounts to pay off a $13 billion bailout tab. Fearing contagion on the other end of the Mediterranean, some Spaniards are ...
Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cyprus was planning to raid domestic savings accounts to pay off a $13 billion bailout tab. Fearing contagion on the other end of the Mediterranean, some Spaniards are ...
Shanghai, with a more extensive pipeline network and bigger domestic demand for natural gas than Singapore, still loses out as a future trading hub in Asia because China lacks market-oriented policies, according to the International Energy Agency. Singapore is poised to become a marit...
Singapore plans to raise taxes for luxury homeowners and investment properties, widening a four- year campaign to curb speculation after prices in Asia’s second- most expensive housing market rose to a record. The higher tax will apply to the top 1 percent of homeowners who live in th...
Singapore’s inflation slowed more than economists estimated in January as gains in food and housing costs eased. The consumer price index rose 3.6 percent from a year earlier, after climbing 4.3 percent in December, the Department of Statistics said in a statement today. The median es...
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...
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...
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, s...
It would be hard to imagine a bigger confluence of luxe brands assembling to help preserve Italy’s cultural treasures. First there was the fashion house Fendi, personified for the occasion by its creative director, Karl Lagerfeld, dressed in a high-collared shirt, dark glasses, and fi...
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’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...
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Michael Hajduk had sunk one year and about $20,000 into developing his online poker site, Infiniti Poker, when the U.S. online gambling market imploded. On April 15, 2011, a day now known in the industry as Black Friday, the U.S. Department of Justice shut down the three biggest poker...
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 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 topped Hong Kong as the most desired place in Asia for so-called mobile millionaires to reside, with quality of life cited as the main attraction, a RBC Wealth Management (RY) survey showed. Almost a third of the millionaires in Asia who live, work or spend more than half th...
Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rat...
(Corrects the spelling of Farzad Hashemi's name) Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, aro...
Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rat...
As he looks ahead to 2013, Singapore Prime Minister Lee Hsien Loong is cautiously optimistic. Lee believes Europeans have made some progress in trying to defuse the euro debt crisis, and while tensions between China and its neighbors have risen because of territorial disputes, he is c...
U.S. pollster Gallup conducted a survey in 152 countries to compare how people feel about their lives. Singapore ranks as the world’s most emotionless society , behind Georgia, Lithuania, and Russia. Singaporeans are unlikely to report feelings of anger, physical pain, or other negati...
Thanks to Singapore’s strength in finance, pharmaceuticals, electronics, and other industries, its economy almost doubled in 10 years. That makes the country of 5.3 million people one of the world’s wealthiest, with per-capita gross domestic product of $33,530. Fun City it isn’t. U.S....
