reuters.com Archives - 27 February 2015, Friday

  • Brent drops toward $61 as U.S. crude stocks rise: SINGAPORE (Reuters) - Brent crude fell toward $61 per barrel...

    Brent drops toward $61 as U.S. crude stocks rise

    reuters.com 26 Feb '15, 6am

    SINGAPORE (Reuters) - Brent crude fell toward $61 per barrel on Thursday, after a sharp rally in the previous session, as bulging U.S. crude stockpiles offset indications of a recovery in demand. Oil prices on both sides of the Atlantic recorded their largest percentage gains in nearl...

  • Singapore's first prime minister still in hospital in ICU: statement: SINGAPORE (Reuters) - Singapore's first

    Singapore's Lee Kuan Yew still in intensive care-statement

    reuters.com 26 Feb '15, 1am

    SINGAPORE (Reuters) - Singapore's first prime minister and the man widely credited with the city-state's economic success, Lee Kuan Yew, is still on mechanical ventilation in an intensive care unit in hospital, the prime minister's office said on Thursday. Lee, who turned 91 last Sept...

  • Singapore's first prime minister hospitalized with pneumonia

    Singapore's first prime minister hospitalized with pneumonia

    reuters.com 21 Feb '15, 11am

    SINGAPORE (Reuters) - Singapore's first prime minister and the man widely credited with the city state's economic success, Lee Kuan Yew, is in hospital with severe pneumonia. "His condition has stabilized and he remains on mechanical ventilation in the ICU (intensive care unit). He is...

  • U.S. marshals to auction 50,000 bitcoins from Silk Road

    U.S. marshals to auction 50,000 bitcoins from Silk Road

    reuters.com 18 Feb '15, 8pm

    NEW YORK (Reuters) - The U.S. government on Wednesday said it plans to auction 50,000 bitcoins on March 5, following the recent criminal conviction of Ross Ulbricht for being the mastermind behind the online black market known as Silk Road. The auction being conducted by the U.S. Mars...

  • Singapore PM Lee has prostate cancer, to take medical leave

    reuters.com 15 Feb '15, 10am

    SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong has been diagnosed with prostate cancer and will undergo surgery to remove his prostate gland on Monday, his office said on Sunday. Lee, 63, will be on medical leave for one week and during this period Deputy Prime Ministe...

  • Singapore PM Lee has prostate cancer, to take medical leave

    reuters.com 15 Feb '15, 10am

    SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong has been diagnosed with prostate cancer and will undergo surgery to remove his prostate gland on Monday, his office said on Sunday. Lee, 63, will be on medical leave for one week and during this period Deputy Prime Ministe...

  • Singapore PM Lee has prostate cancer, to take medical leave

    reuters.com 15 Feb '15, 10am

    SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong has been diagnosed with prostate cancer and will undergo surgery to remove his prostate gland on Monday, his office said in a statement on Sunday. Lee, 63, will be on medical leave for one week and during this period Deput...

  • Singapore human rights lawyer protests against his suspension

    reuters.com 14 Feb '15, 9am

    SINGAPORE (Reuters) - A prominent human rights lawyer in Singapore staged a protest on Saturday, taking to a city park to denounce what he called unfair treatment by the Law Society which has suspended him from practicing for medical reasons. The lawyer, known as M Ravi, has defended ...

  • Regulator raps Australian bitcoin IPO hopeful for China social media marketing

    reuters.com 13 Feb '15, 6am

    SYDNEY (Reuters) - Regulators ordered Australia's Bitcoin Group Ltd to stop making public statements about its plans to undertake the world's first initial public offering of a virtual currency exchange after the company approached potential Chinese investors via social media. Melbour...

  • Regulator raps Australian bitcoin IPO hopeful for China social media marketing

    reuters.com 13 Feb '15, 6am

    SYDNEY (Reuters) - Regulators ordered Australia's Bitcoin Group Ltd to stop making public statements about its plans to undertake the world's first initial public offering of a virtual currency exchange after the company approached potential Chinese investors via social media. Melbour...

  • Hong Kong lawmakers urge ban on bitcoin as scam victims turn to police

    Hong Kong lawmakers urge ban on bitcoin as scam victims turn to police

    reuters.com 11 Feb '15, 10am

    HONG KONG (Reuters) - Hong Kong lawmakers on Wednesday urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to $387 million. The government sho...

  • Hong Kong warns over digital currencies amid alleged bitcoin fraud

    Hong Kong warns over digital currencies amid alleged bitcoin fraud

    reuters.com 10 Feb '15, 4am

    HONG KONG (Reuters) - Hong Kong's central bank has warned people against investing in virtual currencies amid local media reports that a bitcoin exchange may have run off with $387 million in client funds - making it potentially the biggest bitcoin scandal after last year's bankruptcy...

  • Hong Kong warns over digital currencies amid alleged bitcoin fraud - Reuters

    Hong Kong warns over digital currencies amid alleged bitcoin fraud

    reuters.com 10 Feb '15, 4am

    HONG KONG (Reuters) - Hong Kong's central bank has warned people against investing in virtual currencies amid local media reports that a bitcoin exchange may have run off with $387 million in client funds - making it potentially the biggest bitcoin scandal after last year's bankruptcy...

  • REFILE-Handbag sales prompt Coach, Kate Spade to rein in promotions

    reuters.com 29 Jan '15, 6pm

    (Corrects syntax in first paragraph) By Devika Krishna Kumar Jan 29 (Reuters) - Holiday-season splurging on handbags has given Coach Inc and Kate Spade & Co new impetus to cut back on promotions, confident that Americans are more willing to splash out on luxury. Kate Spade announced p...

  • 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. ...

  • Oil near six-year lows after U.S. stockpiles hit record high: SINGAPORE (Reuters) - Oil remained weak in Asia

    Oil rises on short covering but supply worries loom

    reuters.com 29 Jan '15, 2am

    NEW YORK (Reuters) - Global oil prices firmed slightly on Thursday but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories. Oil prices had risen broadly earlier in the day after preli...

  • 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...