reuters.com Archives - 20 May 2013, Monday

  • Yen edges up from lows, Asian shares firmer: SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low aga...

    Yen edges up from lows, Asian shares firmer

    reuters.com 20 May '13, 1am

    By Masayuki Kitano SINGAPORE | Sun May 19, 2013 9:36pm EDT SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to...

  • U.S. authorities seize accounts of major Bitcoin operator

    U.S. authorities seize accounts of major Bitcoin operator

    reuters.com 17 May '13, 4pm

    By Brett Wolf Fri May 17, 2013 12:34pm EDT ST. LOUIS, May 17 (Thomson Reuters Accelus) - U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating t...

  • U.S. authorities seize accounts of major Bitcoin operator

    U.S. authorities seize accounts of major Bitcoin operator

    reuters.com 17 May '13, 4pm

    By Brett Wolf Fri May 17, 2013 12:34pm EDT ST. LOUIS, May 17 (Thomson Reuters Accelus) - U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating t...

  • Dollar firmer on Fed remarks, Asian shares mixed: SINGAPORE (Reuters) - The dollar held firm near a 10-month h...

    Dollar firmer on Fed remarks, Asian shares mixed

    reuters.com 17 May '13, 5am

    By Masayuki Kitano SINGAPORE | Fri May 17, 2013 12:36am EDT SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian ...

  • The ASEAN bid: policy risk to the fore: SINGAPORE (Reuters) - Investors are becoming increasingly picky about

    The ASEAN bid: policy risk to the fore

    reuters.com 14 May '13, 4am

    By Vidya Ranganathan and Umesh Desai SINGAPORE | Tue May 14, 2013 1:59am EDT SINGAPORE (Reuters) - Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning. The ...

  • Analysis: Policy patience seen wearing thin as yen drops: SINGAPORE (Reuters) - The yen's fall past 100 per do...

    Analysis: Policy patience seen wearing thin as yen drops

    reuters.com 10 May '13, 12pm

    By Vidya Ranganathan SINGAPORE | Fri May 10, 2013 8:17am EDT SINGAPORE (Reuters) - The yen's fall past 100 per dollar highlights growing concerns about ultra-loose monetary policy around the globe and raises the prospect that policymakers elsewhere may take action to protect their eco...

  • Parents of U.S. engineer push for murder verdict in Singapore: SINGAPORE (Reuters) - The parents of Shane Todd...

    Parents of U.S. engineer push for murder verdict in Singapore

    reuters.com 09 May '13, 1pm

    By John O'Callaghan SINGAPORE | Thu May 9, 2013 8:58am EDT SINGAPORE (Reuters) - The parents of Shane Todd, an American engineer found dead in Singapore last year, intend to prove at a coroner's inquiry that he was murdered over a project they say involved the illegal transfer of sens...

  • Regulator mulls setting rules for digital currency Bitcoin

    reuters.com 06 May '13, 10pm

    By Douwe Miedema WASHINGTON | Mon May 6, 2013 6:32pm EDT WASHINGTON (Reuters) - The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said. Bart Chilton, one of five commissioners at the Comm...

  • Regulator mulls setting rules for digital currency Bitcoin

    reuters.com 06 May '13, 10pm

    By Douwe Miedema WASHINGTON | Mon May 6, 2013 6:32pm EDT WASHINGTON (Reuters) - The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said. Bart Chilton, one of five commissioners at the Comm...

  • Insight: How Singapore's currency club fell apart

    reuters.com 06 May '13, 9pm

    By Rachel Armstrong SINGAPORE | Mon May 6, 2013 5:25pm EDT SINGAPORE (Reuters) - Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar. His manager told h...

  • Insight: How Singapore's currency club fell apart

    reuters.com 06 May '13, 9pm

    By Rachel Armstrong SINGAPORE | Mon May 6, 2013 5:25pm EDT SINGAPORE (Reuters) - Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar. His manager told h...

  • INSIGHT:How Singapore's currency club fell apart

    reuters.com 06 May '13, 9pm

    * Rate-setting scandals in US, London triggered review in Singapore * Review finds NDF traders colluding to manipulate currencies-Reuters * Banks fire dozens of traders, review continues * Traders say they had to "chat" to find "price discovery" * They say rate-setting by central bank...

  • Asian stocks spurred higher by U.S. data; Aussie falters: SYDNEY/SINGAPORE (Reuters) - Asian stocks rose on Mo...

    Asian stocks spurred higher by U.S. data; Aussie falters

    reuters.com 06 May '13, 4am

    By Ian Chua and Vidya Ranganathan SYDNEY/SINGAPORE | Sun May 5, 2013 11:53pm EDT SYDNEY/SINGAPORE (Reuters) - Asian stocks rose on Monday as investors gave the thumbs up to an upbeat U.S. labor force report that sent Wall Street to an all-time closing high last week, while the dollar ...

  • #India and #China withdraw troops from Himalayan face off #military

    India and China withdraw troops from Himalayan face off

    reuters.com 06 May '13, 12am

    By Fayaz Bukhari and Satarupa Bhattacharjya SRINAGAR/NEW DELHI, Indian | Sun May 5, 2013 2:53pm EDT SRINAGAR/NEW DELHI, Indian (Reuters) - India and China simultaneously withdrew troops from camps a few meters apart in a Himalayan desert on Sunday, apparently ending a three-week stand...

  • Banks in Singapore agonize over rich clients in tax evasion clampdown

    reuters.com 05 May '13, 9pm

    By Rachel Armstrong, Saeed Azhar and John O'Callaghan SINGAPORE | Sun May 5, 2013 5:29pm EDT SINGAPORE (Reuters) - Banks in Singapore are urgently scrutinizing their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of ...

  • Banks in Singapore agonize over rich clients in tax evasion clampdown

    reuters.com 05 May '13, 9pm

    By Rachel Armstrong, Saeed Azhar and John O'Callaghan SINGAPORE | Sun May 5, 2013 5:29pm EDT SINGAPORE (Reuters) - Banks in Singapore are urgently scrutinizing their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of ...

  • Anlaysis: Indonesia may shoot own-goal with DBS-Danamon decision: SINGAPORE/JAKARTA (Reuters) - Indonesia is e...

    Anlaysis: Indonesia may shoot own-goal with DBS-Danamon decision

    reuters.com 05 May '13, 9pm

    By Saeed Azhar and Janeman Latul SINGAPORE/JAKARTA | Sun May 5, 2013 5:08pm EDT SINGAPORE/JAKARTA (Reuters) - Indonesia is expected within days to give a green light to its biggest foreign bank takeover, but sources say the deal conditions are likely to send a very different signal: f...

  • Banks in Singapore agonize over rich clients in tax evasion clampdown

    reuters.com 05 May '13, 9pm

    By Rachel Armstrong, Saeed Azhar and John O'Callaghan SINGAPORE | Sun May 5, 2013 5:29pm EDT SINGAPORE (Reuters) - Banks in Singapore are urgently scrutinizing their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of ...

  • UPDATE 2-Adidas profit margin hits record as pricey sneakers fly

    reuters.com 03 May '13, 8am

    * Q1 sales 3.75 bln vs Rtrs poll avg 3.78 bln * Q1 opg profit 442 mln eur vs Rtrs poll avg 421 mln * Says new Boost running shoes almost sold out * Confirms 2013 outlook but curbs Reebok sales view * Shares rise 7.5 percent to new high By Victoria Bryan FRANKFURT, May 3 (Reuters) - Ge...

  • UPDATE 1-Adidas profit margin hits record as pricey sneakers fly

    reuters.com 03 May '13, 7am

    * Q1 sales 3.75 bln vs Rtrs poll avg 3.78 bln * Q1 opg profit 442 mln eur vs Rtrs poll avg 421 mln * Confirms 2013 outlook * Shares indicated 1.2 pct higher FRANKFURT, May 3 (Reuters) - Germany's Adidas posted its highest-ever gross profit margin as the sale of higher-priced products ...

  • UPDATE 1-Taiwan cable firm leans on Soros, Och-Ziff in $1.1 bln Singapore IPO

    reuters.com 02 May '13, 11am

    * Trust set to debut in Singapore on May 29 * Soros, Och-Ziff among cornerstone investors in $1.1 bln IPO SINGAPORE May 2 (Reuters) - Asian Pay Television Trust (APTT), backed by funds linked to Australia's Macquarie Group Ltd, plans to raise up to $1.1 billion in a Singapore IPO, bet...

  • Maverick operator Digicel takes on the big boys in Myanmar: SINGAPORE (Reuters) - Cellular operator Digicel Gr...

    Maverick operator Digicel takes on the big boys in Myanmar

    reuters.com 28 Apr '13, 9pm

    By Jeremy Wagstaff SINGAPORE | Sun Apr 28, 2013 5:05pm EDT SINGAPORE (Reuters) - Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for ...

  • Pentagon sees Singapore's decision about buying F-35s by summer

    reuters.com 24 Apr '13, 8pm

    WASHINGTON | Wed Apr 24, 2013 4:25pm EDT WASHINGTON (Reuters) - Singapore has shown "tremendous interest" in the F-35 Joint Strike Fighter developed by Lockheed Martin Corp (LMT.N ) and will likely decide by this summer whether to buy the new warplane, the Pentagon's F-35 program chie...

  • An exclusive peek into the world's biggest Bitcoin exchange | Video | Reuters.com

    reuters.com 23 Apr '13, 10am

    April 23 - Sure, the Bitcoin is a high risk investment. But there's a good chance the virtual currency will continue its meteoric rise, according to Mark Karpeles, CEO of Mt. Gox, the dominant Bitcoin exchange.

  • Analysis: How do you spell Singapore without "LKY"?

    Analysis: How do you spell Singapore without LKY?

    reuters.com 22 Apr '13, 1am

    By John O'Callaghan SINGAPORE | Sun Apr 21, 2013 9:22pm EDT SINGAPORE (Reuters) - They crammed into an art cafe in Singapore and pulled no punches, deriding authoritarian officials who ruled with an "iron fist" and complaining that government ministers with million-dollar salaries wer...

  • Analysis: How do you spell Singapore without "LKY"?

    Analysis: How do you spell Singapore without LKY?

    reuters.com 21 Apr '13, 9pm

    By John O'Callaghan SINGAPORE | Sun Apr 21, 2013 5:08pm EDT SINGAPORE (Reuters) - They crammed into an art cafe in Singapore and pulled no punches, deriding authoritarian officials who ruled with an "iron fist" and complaining that government ministers with million-dollar salaries wer...

  • Analysis: How do you spell Singapore without LKY?

    reuters.com 21 Apr '13, 9pm

    By John O'Callaghan SINGAPORE | Sun Apr 21, 2013 5:08pm EDT SINGAPORE (Reuters) - They crammed into an art cafe in Singapore and pulled no punches, deriding authoritarian officials who ruled with an "iron fist" and complaining that government ministers with million-dollar salaries wer...

  • UPDATE 1-Singapore Mar exports recover, beat expectations; electronics still weak

    reuters.com 17 Apr '13, 2am

    SINGAPORE, March 18 | Tue Apr 16, 2013 9:47pm EDT SINGAPORE, March 18 (Reuters) - Singapore's non-oil domestic exports (NODX) rose 8.0 percent in March from February after seasonal adjustments, beating expectations, in a sign that its manufacturing sector has begun to stabilise after ...

  • STOCKS NEWS SINGAPORE-Index falls on weak data from US, China

    reuters.com 15 Apr '13, 4am

    Singapore shares fell as weaker-than-expected data from the United States and China raised concerns about the global economic outlook. The Straits Times Index was down 0.3 percent at 3284.63 points, while MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.3 percent. The...

  • STOCKS NEWS SINGAPORE-SPH falls to 1-mth low after Q2 results

    reuters.com 15 Apr '13, 4am

    Singapore Press Holdings Ltd (SPH) fell to the lowest in a month after the media and property firm posted a 15 percent drop in second-quarter net profit. Shares of SPH fell as much as 5.9 percent to S$4.33, the lowest level since March 11. It is the most actively traded stock by value...