reuters.com Archives - 25 May 2015, Monday

  • China Hanergy's stock plunge puts passive investors in unwelcome spotlight

    reuters.com 22 May '15, 8am

    HONG KONG/SINGAPORE May 22 The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in some of these investment structures especially in volatile markets like China. One prominent fund late on Th...

  • Manulife plans $450 mln IPO of U.S assets in Singapore -sources

    Manulife plans $450 mln IPO of U.S assets in Singapore -sources

    reuters.com 21 May '15, 10am

    SINGAPORE May 21 Canada's Manulife Financial Corp is seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering worth $450 million, two people familiar with the deal said. The listing would use the real estate investment ...

  • SINGAPORE PRESS-Developers face hefty extension charges over unsold units-Business Times

    reuters.com 20 May '15, 12am

    Property developers may incur up to S$90 million ($67 million) in extension charges for unsold units in their condo projects from April to December 2015, followed by S$238 million in 2016 if the health of Singapore's real estate market does not improve, the Business Times reported. Th...

  • Samsung quietly prepping for change of style, rather than strategy

    reuters.com 19 May '15, 9pm

    SEOUL/SINGAPORE Samsung's heir-apparent Jay Y. Lee faces a delicate balancing act: carefully pacing preparations for change - of style more than strategy - at South Korea's biggest conglomerate, while preserving his ailing father's legacy from more than a quarter of a century in charg...

  • Oil prices drop as weak fundamentals weigh on market: SINGAPORE (Reuters) - Crude oil prices fell on Tuesday a...

    Oil down over 3 percent on dollar rally, ample supply worry

    reuters.com 19 May '15, 8am

    NEW YORK Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed. North Sea Brent and U.S. crude were...

  • China-backed AIIB founding members to meet in Singapore this week

    China-backed AIIB founding members to meet in Singapore this week

    reuters.com 19 May '15, 4am

    SINGAPORE Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution. The gathering, called the 5th chief negotiators' meeting, will also...

  • Singapore calls on Iran to investigate tanker incident

    Singapore calls on Iran to investigate tanker incident

    reuters.com 18 May '15, 3am

    SINGAPORE The Maritime and Port Authority of Singapore said on Monday that it has requested the Iranian maritime authorities to investigate an incident last week when Iranian vessels fired shots at a Singapore-flagged tanker in the Gulf. Alpine Eternity, the vessel that came under fir...

  • Oil heads for weekly gain despite ample supply: SINGAPORE (Reuters) - Oil prices were little changed on Friday...

    Oil heads for weekly gain despite ample supply

    reuters.com 15 May '15, 2am

    SINGAPORE Oil prices were little changed on Friday but set to end the week slightly higher despite ample supply, buoyed by a weaker dollar, forecasts of lower U.S. crude output and a pick-up in global demand. U.S. crude is on track to rise for a ninth week, which would be the benchmar...

  • Iranian ships fire warning shots at Singapore-flagged vessel: U.S. officials

    reuters.com 14 May '15, 4pm

    WASHINGTON Iranian naval vessels fired what appeared to be warning shots over a Singapore-flagged ship in international waters in the Gulf on Thursday, prompting it to flee to United Arab Emirates waters, U.S. officials said. The Alpine Eternity, a 29,130 gross tonnes oil products tan...

  • Iranian ships fire warning shots at Singapore-flagged vessel: U.S. officials

    Iran navy fires shots at tanker as tensions rise in Gulf

    reuters.com 14 May '15, 4pm

    WASHINGTON/LONDON Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute by force with a passing commercial vessel, U.S. officials said. Around noon (0800 GMT) in the Gulf, f...

  • Iranian ships fire warning shots at Singapore-flagged vessel: U.S. officials

    reuters.com 14 May '15, 4pm

    WASHINGTON Iranian naval vessels fired what appeared to be warning shots over a Singapore-flagged ship in international waters in the Gulf on Thursday, prompting it to flee to United Arab Emirates waters, U.S. officials said. The Alpine Eternity, a 29,130 gross tonnes oil products tan...

  • Iranian boats fire shots at Singapore-flagged vessel in Gulf: CNN

    reuters.com 14 May '15, 1pm

    WASHINGTON Five Iranian boats fired shots across the bow of a Singapore-flagged cargo vessel in the international waters of the Gulf on Thursday, CNN reported, citing a U.S. official. It was unclear if the shots hit the vessel, CNN said. After the shots, the cargo vessel turned to the...

  • Iranian boats fire shots at Singapore-flagged vessel in Gulf: CNN

    reuters.com 14 May '15, 1pm

    WASHINGTON Five Iranian boats fired shots across the bow of a Singapore-flagged cargo vessel in the international waters of the Gulf on Thursday, CNN reported, citing a U.S. official. It was unclear if the shots hit the vessel, CNN said. After the shots, the cargo vessel turned to the...

  • Big designers mix with local talent at Singapore Fashion Week: SINGAPORE (Reuters) - Dresses took center stage...

    Big designers mix with local talent at Singapore Fashion Week

    reuters.com 14 May '15, 12pm

    SINGAPORE Dresses took center stage at the start of Singapore Fashion Week as Diane von Furstenberg kicked off the five-day event that mixes top international designers and local emerging names. Furstenberg, known for her signature wrap dress, showcased her Autumn/Winter 2015 "Seducti...

  • Big designers mix with local talent at Singapore Fashion Week

    reuters.com 14 May '15, 12pm

    SINGAPORE Dresses took center stage at the start of Singapore Fashion Week as Diane von Furstenberg kicked off the five-day event that mixes top international designers and local emerging names. Furstenberg, known for her signature wrap dress, showcased her Autumn/Winter 2015 "Seducti...

  • USAA creates research team to study use of bitcoin technology

    reuters.com 10 May '15, 6pm

    (This story corrects the 8th paragraph of the story which ran on May 8, 2015 to show Dapps Venture Fund is based in Austin, Texas, not San Antonio, Texas) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - USAA, a San Antonio, Texas-based financial institution serving current and former...

  • USAA creates research team to study use of bitcoin technology

    reuters.com 10 May '15, 5pm

    (This story corrects the 8th paragraph of the story which ran on May 8, 2015 to show Dapps Venture Fund is based in Austin, Texas, not San Antonio, Texas) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - USAA, a San Antonio, Texas-based financial institution serving current and former...

  • CORRECTED-USAA creates research team to study use of bitcoin technology

    reuters.com 10 May '15, 5pm

    (Corrects 8th paragraph of the story which ran on May 8, 2015 to show Dapps Venture Fund is based in Austin, Texas, not San Antonio, Texas) By Gertrude Chavez-Dreyfuss NEW YORK May 8 (Reuters) - USAA, a San Antonio, Texas-based financial institution serving current and former members ...

  • USAA creates research team to study use of bitcoin technology

    USAA creates research team to study use of bitcoin technology

    reuters.com 08 May '15, 9pm

    NEW YORK USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Alex Marquez, managing di...

  • USAA creates research team to study use of bitcoin technology

    reuters.com 08 May '15, 9pm

    NEW YORK USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Alex Marquez, managing di...

  • Watch what you say about us, Rolex warns Italy's prime minister

    reuters.com 06 May '15, 10am

    ROME (Reuters) - Luxury watchmaker Rolex demanded an apology on Wednesday from Italy's prime minister and interior minister for saying that violent demonstrators who devastated parts of Milan last week were "rich, spoiled brats with Rolexes". The company took out full-page advertiseme...

  • Coinbase opens bitcoin exchange in UK

    reuters.com 29 Apr '15, 12am

    April 28 (Reuters) - Bitcoin payment processor Coinbase opened an exchange and online wallet service in the UK on Tuesday, allowing people to convert sterling into bitcoin. Expanding to the UK will make it easier to access bitcoin in one of the financial capitals of the world, San Fra...

  • No new trial for man behind illicit Silk Road website

    No new trial for man behind illicit Silk Road website

    reuters.com 28 Apr '15, 2pm

    NEW YORK (Reuters) - A Manhattan federal judge has denied a request for a new trial for Ross Ulbricht, the man convicted of being the mastermind behind the Silk Road online black market for illegal drugs Calling evidence of Ulbricht's guilt "overwhelming," U.S. District Judge Katherin...

  • UPDATE 1-Weak North America sales weigh on handbag maker Coach

    UPDATE 3-Coach faces tough turnaround as N.America sales worsen

    reuters.com 28 Apr '15, 12pm

    * Q3 North America sales down 24 pct at $493 mln * Sees Q4 sales falling at same levels as Q3 * Difficult for Coach to turn around business - analyst * Shares down as much as 8.8 pct (Adds analysts comments, forecast; updates shares) By Yashaswini Swamynathan April 28 (Reuters) - Coac...

  • Nevada's Attorney General charges Bitcoin-fueled poker website -newspaper

    Nevada's Attorney General charges Bitcoin-fueled poker website -newspaper

    reuters.com 28 Apr '15, 6am

    (Reuters) - Nevada's Attorney General has charged the operator of an online poker website that accepted Bitcoin for running it without a license, the Las Vegas Review-Journal newspaper reported on Monday. Bryan Micon's Seals with Clubs poker site was shut down in February, the newspap...

  • For expats, Singapore becoming (a bit) cheaper to call home

    reuters.com 24 Apr '15, 4am

    SINGAPORE, (Reuters) - When Ritika Verma relocated to Singapore with her husband three years ago, she settled for an apartment much smaller than she wanted. "Having lived in France, finding out how much landlords were asking for rent was quite a shock," she said. Singapore was ranked ...

  • For expats, Singapore becoming (a bit) cheaper to call home

    reuters.com 24 Apr '15, 4am

    SINGAPORE, (Reuters) - When Ritika Verma relocated to Singapore with her husband three years ago, she settled for an apartment much smaller than she wanted. "Having lived in France, finding out how much landlords were asking for rent was quite a shock," she said. Singapore was ranked ...

  • For expats, Singapore becoming (a bit) cheaper to call home

    reuters.com 24 Apr '15, 3am

    GRAPHIC: Singapore rentals: link.reuters.com/vux54w By Aradhana Aravindan SINGAPORE, April 24 (Reuters) - When Ritika Verma relocated to Singapore with her husband three years ago, she settled for an apartment much smaller than she wanted. "Having lived in France, finding out how much...

  • Singapore Q1 private home prices fall 1.0 pct q/q

    reuters.com 24 Apr '15, 1am

    SINGAPORE, April 24 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in private home prices in the first quarter of 2015: Quarter-on-quarter, percentage price change: Quarter Q1/2015 Singapore -1.0 private home prices CONTEXT: - Private ...

  • Deals in dark helped bitcoin take off, says chief scientist

    reuters.com 22 Apr '15, 10am

    LONDON (Reuters) - Without dealings in the "grey areas" of the global economy, bitcoin might not have grown to be worth the $3 billion it is today, according to Gavin Andresen, the closest thing the digital currency has to a CEO. Andresen, a self-confessed "all-around geek", is chief ...