reuters.com Archives - 20 April 2014, Sunday

  • Investor group offers to buy Mt. Gox for one bitcoin: WSJ

    reuters.com 10 Apr '14, 10pm

    (Reuters) - A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox for a token payment of one bitcoin, or about $400, the Wall Street Journal reported citing sources. The group justified the near-zero price citing an "information vacuum" over Mt. Gox's missing bitcoi...

  • LVMH shares rise on improving growth at Louis Vuitton: PARIS (Reuters) - Louis Vuitton sales to Chinese and Eu...

    LVMH shares rise on improving growth at Louis Vuitton

    reuters.com 10 Apr '14, 4pm

    PARIS (Reuters) - Louis Vuitton sales to Chinese and European customers improved in the first quarter, parent LVMH (LVMH.PA ), the world's biggest luxury group, said on Thursday after posting forecast-beating fashion and leather sales. Fashion brand Louis Vuitton, the group's biggest ...

  • Taxi! Temasek firm backs Southeast Asia cab booking app

    reuters.com 08 Apr '14, 1pm

    SINGAPORE (Reuters) - A unit of Singapore state investor Temasek Holdings is putting its substantial clout behind an app that eases the pain of booking taxis in Singapore and Malaysia, aiming to expand the service in other busy Southeast Asian cities. Vertex Venture Holdings, a $1.2 b...

  • Taxi! Temasek firm backs Southeast Asia cab booking app

    reuters.com 08 Apr '14, 10am

    SINGAPORE (Reuters) - A unit of Singapore state investor Temasek Holdings is putting its substantial clout behind an app that eases the pain of booking taxis in Singapore and Malaysia, aiming to expand the service in other busy Southeast Asian cities. Vertex Venture Holdings, a $1.2 b...

  • Bill Gates wants China to encourage wealthy Chinese to be more giving

    Bill Gates wants China to encourage wealthy Chinese to be more giving

    reuters.com 06 Apr '14, 1pm

    SINGAPORE (Reuters) - China should do more to encourage wealthy Chinese to donate to charitable causes and to make philanthropy a common practice in the world's most populous country, Microsoft co-founder Bill Gates said on Sunday. Gates, who runs the $38 billion Bill and Melinda Gate...

  • Shares of Singapore's OCBC rise slightly after offer to buy Wing Hang: SINGAPORE (Reuters) - Shares of Oversea...

    Shares of Singapore's OCBC rise slightly after offer to buy Wing Hang

    reuters.com 01 Apr '14, 1am

    SINGAPORE (Reuters) - Shares of Oversea-Chinese Banking Corp Ltd (OCBC.SI ) rose slightly in early trading on Tuesday after Singapore's second-biggest lender made a formal offer to buy Hong Kong's Wing Hang Bank Ltd (0302.HK ) for HK$38.428 billion ($4.95 billion). OCBC shares gained ...

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  • Exclusive: Mt. Gox faced questions on handling client cash long before crisis

    reuters.com 30 Mar '14, 2am

    TOKYO (Reuters) - Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion. The question ...

  • Exclusive: Mt. Gox faced questions on handling client cash long before crisis

    reuters.com 30 Mar '14, 2am

    TOKYO (Reuters) - Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion. The question ...

  • Exclusive: Mt. Gox faced questions on handling client cash long before crisis

    reuters.com 30 Mar '14, 2am

    TOKYO (Reuters) - Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion. The question ...

  • Singapore's Tiger Airways orders Airbus jets valued at $3.8 billion: SINGAPORE (Reuters) - Singapore's Tiger A...

    Singapore's Tiger Airways orders Airbus jets valued at $3.8 billion

    reuters.com 24 Mar '14, 1am

    SINGAPORE (Reuters) - Singapore's Tiger Airways Holdings Ltd (TAHL.SI ) has placed an order for 37 Airbus (AIR.PA ) A320neo aircraft valued at $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday. Tiger said an existin...

  • Mt. Gox says it found 200,000 bitcoins in 'forgotten' wallet

    Mt. Gox says it found 200,000 bitcoins in 'forgotten' wallet

    reuters.com 21 Mar '14, 3am

    TOKYO (Reuters) - Mt. Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at today's prices. Mt. Gox...

  • Bitcoin's promise: a financial revolution the web's been waiting for via @reuters

    Bitcoin's promise: a financial revolution the web's been waiting for

    reuters.com 20 Mar '14, 9pm

    (Reuters) - Bitcoin may not be the messiah of a new currency its hardcore fans yearn for, but it may herald the deeper financial revolution the internet has been waiting for. While computers and smartphones have brought the web to more than a third of the world's population, online co...

  • Bitcoin firms explore U.S. rules for derivative exchanges

    Bitcoin firms explore U.S. rules for derivative exchanges

    reuters.com 19 Mar '14, 11pm

    WASHINGTON (Reuters) - Companies have inquired in the past month about regulations that would govern exchanges for bitcoin derivatives, a top U.S. regulator said on Wednesday, a sign such virtual currencies could become a more mainstream financial product. Regulators have stepped up t...

  • Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses

    reuters.com 16 Mar '14, 6am

    (Reuters) - Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of customers' digital currency. Lawsuits in...

  • Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses

    reuters.com 16 Mar '14, 5am

    (Reuters) - Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of customers' digital currency. Lawsuits in...

  • Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses

    reuters.com 16 Mar '14, 5am

    (Reuters) - Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of customers' digital currency. Lawsuits in...

  • U.S. class action over bitcoin losses names Mizuho as defendant

    reuters.com 15 Mar '14, 4pm

    (Reuters) - One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency. The Japanese bank was added as a defendant on Friday to a...

  • U.S. class action over bitcoin losses names Mizuho as defendant

    reuters.com 15 Mar '14, 1am

    (Reuters) - One of Japan's largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency. The Japanese bank was added as a defendant on Friday to a...

  • Mind your wallet: why the underworld loves bitcoin

    reuters.com 14 Mar '14, 7am

    SINGAPORE (Reuters) - Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, are attracted to bitcoin because of...

  • Mind your wallet: why the underworld loves bitcoin

    Mind your wallet: why the underworld loves bitcoin

    reuters.com 14 Mar '14, 6am

    SINGAPORE (Reuters) - Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, are attracted to bitcoin because of...

  • Temasek offers to buy Singapore's Olam, values firm at $4.3 billion

    Temasek offers to buy Singapore's Olam, values firm at $4.3 billion

    reuters.com 14 Mar '14, 1am

    SINGAPORE (Reuters) - Singapore state investor Temasek Holdings TEM.UL has offered to buy all shares in Olam (OLAM.SI ) owned by minority shareholders in a cash deal that values the commodity trading firm at $4.3 billion. The deal will be done through a Temasek unit, Breedens Investme...

  • Man called Bitcoin's father denies ties, leads LA car chase

    Man called Bitcoin's father denies ties, leads LA car chase

    reuters.com 07 Mar '14, 12am

    TEMPLE CITY, California (Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local head...

  • Britain preparing to end plans to tax Bitcoin: FT

    Britain preparing to end plans to tax Bitcoin trading: FT

    reuters.com 02 Mar '14, 10pm

    (Reuters) - Britain's revenue collector is preparing to abort its plans to tax Bitcoin trading only days after the currency's leading exchange, Mt Gox, collapsed after losing almost $500 million of customer deposits to hackers, the Financial Times reported. HM Revenue & Customs said i...

  • Japan says any bitcoin regulation should be international

    reuters.com 27 Feb '14, 6pm

    TOKYO (Reuters) - Any regulation of the bitcoin crypto-currency should involve international cooperation to avoid loopholes, Japanese vice finance minister Jiro Aichi said on Thursday. Commenting on the closure this week of Tokyo-based Mt. Gox, once the world's biggest exchange for th...

  • 'Pony' botnet steals bitcoins, digital currencies: Trustwave - Reuters

    'Pony' botnet steals bitcoins, digital currencies: Trustwave

    reuters.com 24 Feb '14, 7pm

    BOSTON (Reuters) - Cyber criminals have infected hundreds of thousands of computers with a virus called "Pony" to steal bitcoins and other digital currencies, in the most ambitious cyber attack on virtual money uncovered so far, according to security firm Trustwave. Trustwave said on ...

  • In Asia, WhatsApp posts mixed message for Facebook: Singapore (Reuters) - WhatsApp may be hugely popular but i...

    In Asia, WhatsApp posts mixed message for Facebook

    reuters.com 21 Feb '14, 7am

    Singapore (Reuters) - WhatsApp may be hugely popular but its forays into Asia, the world's biggest mobile market, have had mixed success, raising questions about whether it can sustain the explosive growth Facebook Inc cited to justify its $19 billion price tag. Data from app metric c...

  • As discontent grows, Singapore budget to tighten noose on the rich

    As discontent grows, Singapore budget to tighten noose on the rich

    reuters.com 19 Feb '14, 8am

    SINGAPORE (Reuters) - Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the global jet-set. But as the orderly city-state comes within a whi...

  • First U.S. bitcoin ATMs to open soon in Seattle, Austin

    reuters.com 18 Feb '14, 5am

    (Reuters) - Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to be installed in Seattle, and Austin, Te...

  • Bitstamp to resume withdrawals, steadying nervous bitcoin market: NEW YORK (Reuters) - One of the bitcoin exch...

    Bitstamp to resume withdrawals, steadying nervous bitcoin market

    reuters.com 14 Feb '14, 9pm

    NEW YORK (Reuters) - One of the bitcoin exchanges that recently suspended withdrawals of the digital currency on Friday said it planned to allow redemptions to resume later in the day, restoring some confidence to the shaken market. Slovenia-based Bitstamp, among the largest bitcoin e...

  • Small is the next big thing in Asia aviation

    reuters.com 13 Feb '14, 11am

    SINGAPORE (Reuters) - After flying under the radar for many years, manufacturers of smaller jet and propeller-driven passenger aircraft are finding a bigger market in the Asia-Pacific with a slew of orders at the Singapore Airshow. Canada's Bombardier (BBDb.TO ), Brazil's Embraer (EMB...

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