reuters.com Archives - 24 February 2017, Friday

  • Bitcoin hits 3-year peak, nears record high on U.S. ETF approval talk

    reuters.com 23 Feb '17, 6pm

    LONDON Digital currency bitcoin hit its highest levels in more than three years on Thursday and came within $3 of an all-time peak, on speculation that the first bitcoin exchange-traded fund (ETF) is set to receive approval from the U.S. financial regulator. Traditional financial play...

  • Bitcoin hits 3-year peak, nears record high on U.S. ETF approval talk

    reuters.com 23 Feb '17, 5pm

    LONDON Digital currency bitcoin hit its highest levels in more than three years on Thursday and came within $3 of an all-time peak, on speculation that the first bitcoin exchange-traded fund (ETF) is set to receive approval from the U.S. financial regulator. Traditional financial play...

  • Singapore industrial fire triggers series of explosions

    reuters.com 23 Feb '17, 9am

    SINGAPORE Two hundred firefighters battled a blaze at a Singapore waste management plant which triggered a series of explosions and sent a plume of black smoke into the early morning sky. The fire broke out on Thursday at the Eco Special Waste Management plant in the Tuas industrial d...

  • Disrupting the disruptor's: Singapore rattles sharing economy with rule change

    reuters.com 23 Feb '17, 6am

    By Fathin Ungku and Jeremy Wagstaff | SINGAPORE SINGAPORE Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, ...

  • Disrupting the disruptors: Singapore rattles sharing economy with rule change

    reuters.com 23 Feb '17, 5am

    By Fathin Ungku and Jeremy Wagstaff | SINGAPORE SINGAPORE Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, ...

  • Asia stocks ease, dollar steadies after Fed-led losses

    reuters.com 23 Feb '17, 1am

    By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI's broadest ...

  • Asia stocks ease, dollar steadies after Fed-led losses

    reuters.com 23 Feb '17, 12am

    By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI's broadest ...

  • Singapore carbon tax would hit refiners, help renewables

    reuters.com 21 Feb '17, 2am

    By Jessica Jaganathan and Henning Gloystein | SINGAPORE SINGAPORE Singapore's proposed plan to tax greenhouse gas emissions would likely hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century. Monda...

  • U.S. economy now on 'sound footing': Fed's Mester - SINGAPORE (Reuters) - The U.S. economy is on "sound footing...

    U.S. economy now on 'sound footing': Fed's Mester

    reuters.com 20 Feb '17, 1am

    SINGAPORE The U.S. economy is on "sound footing," a hawkish Federal Reserve official said on Monday in a speech that cautioned against asking the central bank to solve problems beyond its control such as low productivity growth. Cleveland Fed President Loretta Mester, at a forum in Si...

  • Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

    reuters.com 19 Feb '17, 1pm

    By Tom Arnold and Saeed Azhar | DUBAI DUBAI The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI ) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and ...

  • Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

    reuters.com 19 Feb '17, 1pm

    By Tom Arnold and Saeed Azhar | DUBAI DUBAI The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI ) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and ...

  • Asia shares ease after run of gains, dollar, oil recover - SINGAPORE (Reuters) - Asian stock markets took a bre...

    Asia shares ease after run of gains, dollar, oil recover

    reuters.com 17 Feb '17, 1am

    By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets took a breather on Friday from their recent surge as investors took profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. MSCI's broadest inde...

  • U.S. takes pastor, software developer to trial over bitcoin exchange

    reuters.com 15 Feb '17, 11pm

    NEW YORK A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday. At the start of a trial in...

  • New witness delays trial over bitcoin exchange tied to JPMorgan hack

    reuters.com 14 Feb '17, 1am

    NEW YORK The trial of two men was delayed on Monday in a case stemming from a probe into a bitcoin exchange and a data breach at JPMorgan Chase & Co after prosecutors revealed a new witness. Jury selection was set to begin in Manhattan federal court in the case of Yuri Lebedev, whom a...

  • U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

    reuters.com 13 Feb '17, 11am

    NEW YORK A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co (JPM.N ). Jury selection is set to begin in Manhattan federal court in the case o...

  • U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

    U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

    reuters.com 13 Feb '17, 11am

    NEW YORK A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co (JPM.N ). Jury selection is set to begin in Manhattan federal court in the case o...

  • In glitzy Singapore, hotels' success recipe is being average

    reuters.com 10 Feb '17, 5am

    By Aradhana Aravindan | SINGAPORE SINGAPORE Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. Her company has a tight budget. "If you compare this with (the room I had in) China, it is nothing, but ... w...

  • Chinese bitcoin exchanges says to strengthen scrutiny of customers, sources of funds

    reuters.com 09 Feb '17, 12pm

    SHANGHAI China's three largest bitcoin exchanges said on Thursday they will strengthen oversight of customers' identities and sources of funds, in a bid to curb market speculation and prevent activities such as foreign currency exchange through bitcoin. BTCC, OkCoin and Huobi said in ...

  • Chinese bitcoin exchanges say to strengthen scrutiny of customers

    reuters.com 09 Feb '17, 11am

    SHANGHAI China's three largest bitcoin exchanges said on Thursday they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank stepped up its scrutiny of the industry. BTCC, OkCoin and Huobi said in identical statemen...

  • Boeing front-runner for $13.8 billion Singapore Airlines order: Bloomberg

    reuters.com 09 Feb '17, 12am

    Boeing Co (BA.N ) is the front-runner as Singapore Airlines Ltd (SIAL.SI ) is closing in on a 35 wide-body aircraft order amid a battle with Chinese and Middle Eastern carriers, Bloomberg reported, citing sources. Singapore Airlines has for months been weighing the latest model of Boe...

  • Boeing front-runner for $13.8 billion Singapore Airlines order: Bloomberg

    Boeing front-runner for $13.8 billion Singapore Airlines order: Bloomberg

    reuters.com 09 Feb '17, 12am

    Boeing Co (BA.N ) is the front-runner as Singapore Airlines Ltd (SIAL.SI ) is closing in on a 35 wide-body aircraft order amid a battle with Chinese and Middle Eastern carriers, Bloomberg reported, citing sources. Singapore Airlines has for months been weighing the latest model of Boe...

  • Bitcoin dips after report of China exchanges meetings

    Bitcoin dips after report of China exchanges meetings

    reuters.com 08 Feb '17, 3pm

    LONDON - The price of bitcoin fell from one-month highs on Wednesday after sources at bitcoin exchanges in China said the People's Bank of China had summoned some smaller exchanges to a closed-door meeting. The central bank announced last month it was investigating trading at some of ...

  • Bitcoin hits one-month high after China FX reserves fall

    Bitcoin hits one-month high after China FX reserves fall

    reuters.com 07 Feb '17, 1pm

    LONDON The price of digital currency bitcoin hit its highest in a month on Tuesday, after a fall in Chinese foreign exchange reserves to their lowest in nearly six years highlighted Beijing's efforts to control capital outflows. Bitcoin rose 2.5 percent to as high as $1,050 on the Eur...

  • Oil prices rise on weaker dollar, but U.S. output drags - SINGAPORE (Reuters) - Oil prices rose on Monday, with...

    Oil prices rise on weaker dollar, but U.S. output drags

    reuters.com 06 Feb '17, 6am

    By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies. But markets were held back by more signs of gro...

  • BRIEF-TDK unit to transfer 51 pct stake in RF360 Holdings Singapore PTE. Ltd. to Qualcomm Global Trading PTE. Ltd

    reuters.com 06 Feb '17, 1am

    Reuters is the news and media division of Thomson Reuters . Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock marke...

  • Singapore to cane Saudi diplomat for molesting hotel intern: paper

    reuters.com 03 Feb '17, 10am

    SINGAPORE A Singapore court sentenced a Saudi Arabian diplomat to four strokes of a cane and more than 26 months in jail for molesting a young hotel intern while on holiday in the city state last year, the Straits Times newspaper said on Friday. Bander Yahya A. Alzahrani, 39, who is a...

  • U.S. military probing more possible civilian deaths in Yemen raid

    reuters.com 01 Feb '17, 10pm

    By Ayesha Rascoe | DOVER AIR FORCE BASE, Del. DOVER AIR FORCE BASE, Del. The U.S. military said on Wednesday it was looking into whether more civilians were killed in a raid on al Qaeda in Yemen on the weekend, in the first operation authorized by President Donald Trump as commander i...

  • Florida bitcoin exchange operator's dad avoids prison

    reuters.com 27 Jan '17, 7pm

    NEW YORK The father of a Florida man who prosecutors said operated an illegal bitcoin exchange avoided prison on Friday after pleading guilty in a case that stemmed from an investigation into a cyber breach at JPMorgan Chase & Co. Federal prosecutors in Manhattan had sought up to 16 m...

  • Bitcoin firm gets approval to operate in Switzerland

    reuters.com 27 Jan '17, 4pm

    By Brenna Hughes Neghaiwi | ZURICH ZURICH Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland's financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. "After ...

  • Bitcoin firm gets approval to operate in Switzerland

    reuters.com 27 Jan '17, 4pm

    By Brenna Hughes Neghaiwi | ZURICH ZURICH Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland's financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. "After ...