reuters.com Archives - 25 October 2014, Saturday

  • #Pain Singapore Q3 private home prices drop 0.7 pct q/q, extend falls

    Singapore Q3 private home prices drop 0.7 pct q/q, extend falls

    reuters.com 24 Oct '14, 12am

    SINGAPORE, Oct 24 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in private home prices in the third quarter of 2014: Quarter-on-quarter, percentage price change: Quarter Q3/2014 Q2/2014 Singapore -0.7 -1.0 private home prices CONTEXT:...

  • SINGAPORE PRESS-Malaysians widen lead over Chinese as top pvt home buyers in Singapore-Business Times

    reuters.com 23 Oct '14, 12am

    The gap between Malaysian and Chinese private home buyers widened in the third quarter, after purchases by mainland Chinese fell more than those by Malaysians, the Business Times reported. This is the first time since the third quarter of 2012 that a significant lead by the Malaysians...

  • Singapore's GIC says buys Tokyo office tower; price seen at $1.6 bln

    reuters.com 21 Oct '14, 4am

    TOKYO Oct 21 (Reuters) - Singapore's sovereign wealth fund GIC Pte Ltd said on Tuesday it had bought a Tokyo office tower from the real estate unit of Asian private equity firm PAG, in a deal a person with knowledge of the matter said was worth about 170 billion yen ($1.6 billion). GI...

  • Singapore's GIC says buys Tokyo office tower; price seen at $1.6 bln

    reuters.com 21 Oct '14, 2am

    TOKYO Oct 21 (Reuters) - Singapore's sovereign wealth fund GIC Pte Ltd said on Tuesday it had bought a Tokyo office tower from the real estate unit of Asian private equity firm PAG, in a deal a person with knowledge of the matter said was worth about 170 billion yen ($1.6 billion). GI...

  • Frank Gehry's Louis Vuitton art museum sails onto Paris skyline

    reuters.com 17 Oct '14, 5pm

    PARIS (Reuters) - Billowing sails of glass join the Eiffel Tower and the Sacre Coeur as permanent fixtures of the Paris skyline this month, when the new Fondation Louis Vuitton contemporary art museum designed by Frank Gehry opens to the public. Thirteen years in the making, the museu...

  • Frank Gehry's Louis Vuitton art museum sails onto Paris skyline: PARIS (Reuters) - Billowing sails of glass jo...

    Frank Gehry's Louis Vuitton art museum sails onto Paris skyline

    reuters.com 17 Oct '14, 4pm

    PARIS (Reuters) - Billowing sails of glass join the Eiffel Tower and the Sacre Coeur as permanent fixtures of the Paris skyline this month, when the new Fondation Louis Vuitton contemporary art museum designed by Frank Gehry opens to the public. Thirteen years in the making, the museu...

  • Frank Gehry's Louis Vuitton art museum sails onto Paris skyline

    reuters.com 17 Oct '14, 4pm

    * Private art museum to be given to city in 50 years * Gehry created 12 tilting glass sails to reflect light * 13 years, 100 engineers, over 100 million euros By Alexandria Sage PARIS, Oct 17 (Reuters) - Billowing sails of glass join the Eiffel Tower and the Sacre Coeur as permanent f...

  • Singapore Sept private home sales fall 48 pct y/y

    reuters.com 15 Oct '14, 6am

    SINGAPORE Oct 15 (Reuters) - Sales of private homes by developers in Singapore fell 47.6 percent in September from a year earlier, government data showed on Wednesday. Data compiled by the Urban Redevelopment Authority showed developers sold 648 units last month, compared with 1,237 u...

  • NY state says bitcoin software developers don't need license

    NY state says bitcoin software developers don't need license

    reuters.com 14 Oct '14, 10pm

    NEW YORK (Reuters) - New York will not require digital currency software developers to obtain a "BitLicense" to operate in the state, said Benjamin Lawksy, superintendent of financial services for the state of New York, on Tuesday. His comments came after New York extended the period ...

  • Singapore's GIC sells London property to Norway's sovereign fund

    reuters.com 09 Oct '14, 12pm

    SINGAPORE Oct 9 (Reuters) - Singapore's sovereign fund GIC said on Thursday it had sold its 100 pct interest in a London property called Bank of America Merrill Lynch Financial Centre for 582.5 million pounds ($944.5 million) to Norway's sovereign fund, Norges Bank Investment Manageme...

  • Singapore's GIC sells London property to Norway's sovereign fund

    reuters.com 09 Oct '14, 12pm

    SINGAPORE Oct 9 (Reuters) - Singapore's sovereign fund GIC said on Thursday it had sold its 100 pct interest in a London property called Bank of America Merrill Lynch Financial Centre for 582.5 million pounds ($944.5 million) to Norway's sovereign fund, Norges Bank Investment Manageme...

  • Singapore's GIC sells London property to Norway's sovereign fund

    reuters.com 09 Oct '14, 12pm

    SINGAPORE Oct 9 (Reuters) - Singapore's sovereign fund GIC said on Thursday it had sold its 100 pct interest in a London property called Bank of America Merrill Lynch Financial Centre for 582.5 million pounds ($944.5 million) to Norway's sovereign fund, Norges Bank Investment Manageme...

  • Singapore's GIC sells London property to Norway's sovereign fund

    reuters.com 09 Oct '14, 12pm

    SINGAPORE Oct 9 (Reuters) - Singapore's sovereign fund GIC said on Thursday it had sold its 100 pct interest in a London property called Bank of America Merrill Lynch Financial Centre for 582.5 million pounds ($944.5 million) to Norway's sovereign fund, Norges Bank Investment Manageme...

  • World Bank trims China, East Asia 2014-2016 growth forecasts: SINGAPORE (Reuters) - The World Bank cut its 201...

    World Bank trims China, East Asia 2014-2016 growth forecasts

    reuters.com 06 Oct '14, 2am

    SINGAPORE (Reuters) - The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia. The Washington...

  • REFILE-Dubai's latest luxury: wine that includes 24-carat gold but no alcohol

    reuters.com 23 Sep '14, 12pm

    (Amends first sentence to show location of ski slope.) DUBAI, Sept 11 (Reuters) - Dubai built the world's tallest building, put a ski slope inside a shopping mall and gave its cops a Lamborghini for a police car. Where else would you sell a $150 bottle of 'halal' non-alcoholic sparkli...

  • U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme

    reuters.com 19 Sep '14, 5pm

    (Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme. In a decision dat...

  • U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme

    reuters.com 19 Sep '14, 5pm

    (Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme. In a decision dat...

  • U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme

    reuters.com 19 Sep '14, 5pm

    (Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme. In a decision dat...

  • SE Asia Stocks -Singapore at 1-month low as property shares fall

    reuters.com 15 Sep '14, 11am

    BANGKOK, Sept 15 (Reuters) - Southeast Asian stock markets were flat to weaker on Monday as investors weighed in the risks of weak China's factory output data in August and the direction of U.S. monetary policy from the Federal Reserve meeting on Wednesday. Singapore was an underperfo...

  • SE Asia Stocks-Most weaker, Singapore property shares fall after data

    reuters.com 15 Sep '14, 8am

    BANGKOK, Sept 15 (Reuters) - Southeast Asian stock markets retreated on Monday as weak data out of China dented sentiment across Asia, with property shares such as CapitaLand Ltd underperforming in Singapore after weak sales data for August. China's factory output grew at the weakest ...

  • Singapore August private home sales 432 units, down 43 percent year/year

    reuters.com 15 Sep '14, 5am

    SINGAPORE (Reuters) - Sales of private homes by developers in Singapore in August totalled 432 units, down 43 percent from 756 units a year earlier, the Urban Redevelopment Authority said on Monday. The fall in sales follows the introduction in June 2013 of property cooling measures t...

  • Singapore Aug private home sales 432 units, down 43 pct y/y

    Singapore Aug private home sales 432 units, down 43 pct y/y

    reuters.com 15 Sep '14, 5am

    SINGAPORE, Sept 15 (Reuters) - Sales of private homes by developers in Singapore in August totalled 432 units, down 43 percent from 756 units a year earlier, the Urban Redevelopment Authority said on Monday. The fall in sales follows the introduction in June 2013 of property cooling m...

  • Bitcoin gets boost as U.S. watchdog approves first swap

    reuters.com 12 Sep '14, 2pm

    WASHINGTON (Reuters) - TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a U.S. federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of thei...

  • Bitcoin gets boost as U.S. watchdog approves first swap

    reuters.com 12 Sep '14, 2pm

    WASHINGTON (Reuters) - TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a U.S. federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of thei...

  • State support for job cuts boosts prospects of latest Malaysia Airlines plan: SINGAPORE (Reuters) - The plan t...

    State support for job cuts boosts prospects of latest Malaysia Airlines plan

    reuters.com 07 Sep '14, 10pm

    SINGAPORE (Reuters) - The plan to save Malaysia Airlines (MAS) (MASM.KL ) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters. The job cuts - if they ar...

  • Lights off on Singapore's billionaire row as luxury house prices plunge

    reuters.com 02 Sep '14, 5am

    SINGAPORE (Reuters) - There's an eerie silence at night in Sentosa Cove, the man-made island resort billed as Singapore's answer to Monte Carlo and the only place in the country where foreigners can buy landed property. Dozens of houses - complete with their own private yacht berths a...

  • Louis Vuitton trailblazer Carcelle dies aged 66

    reuters.com 01 Sep '14, 2pm

    PARIS (Reuters) - Yves Carcelle, the man credited with turning Louis Vuitton into the world's biggest luxury brand by revenue, died on Sunday, Louis Vuitton parent LVMH said. Carcelle, an energetic, self-made man who headed Louis Vuitton for more than two decades until 2012, died of c...

  • Louis Vuitton trailblazer Carcelle dies aged 66

    reuters.com 01 Sep '14, 1pm

    PARIS (Reuters) - Yves Carcelle, the man credited with turning Louis Vuitton into the world's biggest luxury brand by revenue, died on Sunday, Louis Vuitton parent LVMH said. Carcelle, an energetic, self-made man who headed Louis Vuitton for more than two decades until 2012, died of c...

  • Lights off on Singapore's billionaire row as luxury house prices plunge

    reuters.com 30 Aug '14, 4am

    SINGAPORE (Reuters) - There's an eerie silence at night in Sentosa Cove, the man-made island resort billed as Singapore's answer to Monte Carlo and the only place in the country where foreigners can buy landed property. Dozens of houses - complete with their own private yacht berths a...

  • Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission

    reuters.com 30 Aug '14, 1am

    NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday. Shrem, the former vice chairman...