reuters.com Archives - 29 January 2015, Thursday

  • UPDATE 1-Handbag maker Coach's profit beats as N America demand improves

    reuters.com 29 Jan '15, 1pm

    (Adds details, analyst estimates, background, shares) Jan 29 (Reuters) - Coach Inc posted a better-than-expected profit for the second quarter as demand for its Poppy handbags improved in North America, its biggest market, from the first quarter and sales rose in China, a key market. ...

  • Singapore ups the ante in cyber security fight

    reuters.com 27 Jan '15, 11am

    SINGAPORE (Reuters) - Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime. In recent yea...

  • Singapore ups the ante in cyber security fight

    reuters.com 27 Jan '15, 11am

    SINGAPORE (Reuters) - Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime. In recent yea...

  • Best property agent in Singapore and HK this year could be the U.S. Fed

    reuters.com 27 Jan '15, 9am

    The Fed is widely expected to raise interest rates sometime in the second half of 2015 as the U.S. economy improves and inflation remains benign. As interest rates rise, property prices in Hong Kong and Singapore may fall by as much as 5 percent this year, according to a report on pri...

  • Best property agent in Singapore and HK this year could be the U.S. Fed

    reuters.com 27 Jan '15, 9am

    The Fed is widely expected to raise interest rates sometime in the second half of 2015 as the U.S. economy improves and inflation remains benign. As interest rates rise, property prices in Hong Kong and Singapore may fall by as much as 5 percent this year, according to a report on pri...

  • Winklevoss twins expect first quarter debut of @GeminiDotCom bitcoin exchange via @reuters

    Winklevoss twins expect first quarter debut of bitcoin exchange

    reuters.com 27 Jan '15, 3am

    HOLLYWOOD, Fla. (Reuters) - Winklevoss Capital, the firm run by Cameron and Tyler Winklevoss, expects to get regulatory approval to launch a U.S. exchange for investors to buy and sell the virtual currency bitcoin in the first quarter, the twins told Reuters on Monday. "The informatio...

  • U.S. bitcoin exchange makes debut

    U.S. bitcoin exchange makes debut

    reuters.com 26 Jan '15, 8pm

    NEW YORK (Reuters) - Bitcoin payments processor Coinbase on Monday opened a regulated exchange in the United States for trading the virtual currency, the company said. Launched just days after Coinbase raised $75 million from blue-chip financial institutions such as the New York Stock...

  • Keppel Corp offers to privatize property unit in $2.7 billion deal

    reuters.com 23 Jan '15, 8am

    SINGAPORE (Reuters) - Singapore conglomerate Keppel Corp Ltd on Friday offered as much as S$3.6 billion ($2.7 billion) to buy out its property subsidiary Keppel Land Ltd from minority shareholders. Keppel Corp holds a 54.6 percent stake in Keppel Land. For the remaining stake, Keppel ...

  • Singapore Q4 private home prices -1.1 pct q/q

    reuters.com 23 Jan '15, 12am

    SINGAPORE, Jan 23 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in private home prices in the fourth quarter of 2014: Quarter-on-quarter, percentage price change: Quarter Q4/2014 Q3/2014 Singapore -1.1 -0.7 private home prices CONTEXT...

  • Case of the S$2 mln furniture vouchers grips Singapore property market

    reuters.com 21 Jan '15, 9pm

    SINGAPORE Jan 22 (Reuters) - Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S$182 million of home loans. With Singapore's real estate market on th...

  • Case of the S$2 mln furniture vouchers grips Singapore property market

    reuters.com 21 Jan '15, 9pm

    SINGAPORE Jan 22 (Reuters) - Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S$182 million of home loans. With Singapore's real estate market on th...

  • Oil prices hits fresh five-and-a-half-year lows; Brent below $56: SINGAPORE (Reuters) - U.S. crude and Brent f...

    Oil prices hits fresh five-and-a-half-year lows; Brent below $56

    reuters.com 05 Jan '15, 3am

    SINGAPORE (Reuters) - U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. OPEC's decision in November to maintain output had accelerated oil's losses earlier, while rec...

  • Singapore private home prices fall 1.0 pct in Q4 - housing authority

    reuters.com 02 Jan '15, 1am

    SINGAPORE, Jan 2 (Reuters) - Singapore's Urban Redevelopment Authority released flash estimates for the change in Singapore private home prices during the fourth quarter of 2014: Quarter-on-quarter, percentage price change: Quarter Q4/2014 Q3/2014 Singapore private -1.0 -0.7 home pric...

  • Ascendas to invest $95 mln in Indian property developer

    reuters.com 31 Dec '14, 8am

    NEW DELHI Dec 31 (Reuters) - Singapore's Ascendas India Trust will invest 6 billion rupees ($95 million) over two years in Indian real estate company Paranjape Schemes (Construction) Ltd, the property developer said on Wednesday. Ascendas will initially invest 2.6 billion rupees via l...

  • Ascendas to invest $95 mln in Indian property developer

    reuters.com 31 Dec '14, 8am

    NEW DELHI Dec 31 (Reuters) - Singapore's Ascendas India Trust will invest 6 billion rupees ($95 million) over two years in Indian real estate company Paranjape Schemes (Construction) Ltd, the property developer said on Wednesday. Ascendas will initially invest 2.6 billion rupees via l...

  • Ascendas to invest $95 mln in Indian property developer

    reuters.com 31 Dec '14, 7am

    NEW DELHI Dec 31 (Reuters) - Singapore's Ascendas India Trust will invest 6 billion rupees ($95 million) over two years in Indian real estate company Paranjape Schemes (Construction) Ltd, the property developer said on Wednesday. Ascendas will initially invest 2.6 billion rupees via l...

  • Brent holds above $60 in thin Christmas trading: SINGAPORE (Reuters) - Brent crude prices held above $60 a bar...

    Brent holds above $60, but heads for fifth weekly drop

    reuters.com 26 Dec '14, 3am

    SINGAPORE (Reuters) - Brent crude futures held above $60 a barrel on Friday as strong U.S. economic data supported the market, but oil prices were track for their fifth straight weekly decline as a building supply glut capped gains. On the supply side, data suggested an increasing glu...

  • Brent drops towards $61 as dollar firms on strong U.S. data: SINGAPORE (Reuters) - Brent futures fell toward

    Brent drops toward $61 as dollar firms after strong U.S. data

    reuters.com 24 Dec '14, 3am

    SINGAPORE (Reuters) - Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. The dollar index stayed close to its highest since April 2006 after a revise...

  • North Korea's internet links restored: U.S. monitoring company

    reuters.com 23 Dec '14, 2am

    SINGAPORE (Reuters) - North Korea's internet links have been restored, but it is not clear how stable they are, the U.S.-based internet monitoring company Dyn said on Tuesday. "The question for the next few hours is whether it will return to the unstable fluctuations we saw before the...

  • Xiaomi raising over $1 billion from investors including GIC: source: SINGAPORE/SHANGHAI (Reuters) - China's Xi...

    Xiaomi raising over $1 billion from investors including GIC: source

    reuters.com 22 Dec '14, 5am

    SINGAPORE/SHANGHAI (Reuters) - China's Xiaomi [XTC.UL] is raising over $1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over $45 billion, a person familiar with the deal said. The fund raising was first reported by the Wa...

  • Bitcoin backer gets two years prison for illicit transfers

    reuters.com 19 Dec '14, 10pm

    NEW YORK (Reuters) - Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundati...

  • Bitcoin backer gets two years prison for illicit transfers

    reuters.com 19 Dec '14, 9pm

    NEW YORK (Reuters) - Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundati...

  • Brent steady below $60, heads for fourth weekly decline as oversupply persists: SINGAPORE (Reuters) - Brent cr...

    Brent steady below $60, heads for 4th weekly decline as glut persists

    reuters.com 19 Dec '14, 4am

    SINGAPORE (Reuters) - Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straight week of declines after OPEC me...

  • New York regulator lays out tweaks to bitcoin rules

    New York regulator lays out tweaks to bitcoin rules

    reuters.com 18 Dec '14, 4pm

    WASHINGTON (Reuters) - New York state plans to soften proposed rules for virtual currencies such as bitcoin, its banking regulator said on Thursday, after receiving a round of public comments. Start-up companies dealing in the budding technology could get a two-year partial waiver fro...

  • Formation 8 venture capital firm adds new partner in Singapore

    reuters.com 16 Dec '14, 5pm

    SAN FRANCISCO (Reuters) - Formation 8, the venture-capital firm known for backing virtual-reality company Oculus VR, said it was beefing up its Asian operations by adding a partner in Singapore, investor Joel Sng. By hiring Sng, Formation 8 hopes to stand out from the pack of U.S.-bas...

  • Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources: SINGAPORE/HONG KO...

    Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources

    reuters.com 16 Dec '14, 3am

    SINGAPORE/HONG KONG (Reuters) - Standard Chartered (STAN.L ) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge...

  • Singapore November private home sales down 68 percent year-on-year

    Singapore November private home sales down 68 percent year-on-year

    reuters.com 15 Dec '14, 5am

    SINGAPORE (Reuters) - Sales of private homes by developers in Singapore fell 68 percent in November from a year earlier, government data showed on Monday. Developers sold 412 units last month, compared with 1,271 units in November 2013, according to data compiled by the Urban Redevelo...

  • Singapore Nov private home sales down 68 pct y/y

    reuters.com 15 Dec '14, 5am

    SINGAPORE Dec 15 (Reuters) - Sales of private homes by developers in Singapore fell 68 percent in November from a year earlier, government data showed on Monday. Developers sold 412 units last month, compared with 1,271 units in November 2013, according to data compiled by the Urban R...

  • Singapore's GIC buys Rio de Janeiro office tower

    reuters.com 12 Dec '14, 6am

    SINGAPORE Dec 12 (Reuters) - Singaporean sovereign wealth fund GIC Pte Ltd has agreed to buy an office building in Brazil's Rio de Janeiro for an undisclosed amount, in its first wholly owned investment in Latin America. The building, Eco Sapucai, is expected to be completed in the fi...