reuters.com Archives - 19 October 2017, Thursday

  • Special Report: Backroom battle imperils $230 million cryptocurrency venture

    reuters.com 19 Oct '17, 2am

    The new cryptocurrencies function through a technology called blockchain, essentially a public ledger maintained by a network of computers. Blockchain applications are being tested by financial services firms, food suppliers, retailers and other businesses as a way to make record-keep...

  • Special Report: Backroom battle imperils $230 million cryptocurrency venture

    reuters.com 19 Oct '17, 2am

    The new cryptocurrencies function through a technology called blockchain, essentially a public ledger maintained by a network of computers. Blockchain applications are being tested by financial services firms, food suppliers, retailers and other businesses as a way to make record-keep...

  • Special Report: Backroom battle imperils $230 million cryptocurrency venture

    reuters.com 19 Oct '17, 1am

    The new cryptocurrencies function through a technology called blockchain, essentially a public ledger maintained by a network of computers. Blockchain applications are being tested by financial services firms, food suppliers, retailers and other businesses as a way to make record-keep...

  • Special Report: Backroom battle imperils $230 million cryptocurrency venture

    reuters.com 18 Oct '17, 10pm

    The new cryptocurrencies function through a technology called blockchain, essentially a public ledger maintained by a network of computers. Blockchain applications are being tested by financial services firms, food suppliers, retailers and other businesses as a way to make record-keep...

  • Special Report: Backroom battle imperils $230 million cryptocurrency venture

    reuters.com 18 Oct '17, 10pm

    ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to buyers. At the time, it was the most money ever raised from the public i...

  • Nasdaq, Singapore Exchange sign pact for collaborative listings

    reuters.com 18 Oct '17, 3pm

    (Reuters) - Singapore Exchange Ltd (SGXL.SI ) and Nasdaq Inc (NDAQ.O ) announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators’ namesake exchanges. The tie-up would help fast-growing Asian companies to lis...

  • Cheaper rivals target Singapore's aviation maintenance sector

    reuters.com 16 Oct '17, 9am

    JAKARTA/BANGKOK (Reuters) - Singapore, the dominant hub for aircraft maintenance, repair and operations (MRO) in southeast Asia, the world’s fastest-growing aviation market, is under threat from low-cost rivals in nearby Indonesia, Thailand and Malaysia. As the cheaper challengers loo...

  • French cabaret Crazy Horse returns to Singapore after a decade

    reuters.com 13 Oct '17, 11am

    SINGAPORE (Reuters) - Crazy Horse, a French cabaret known for its topless female dancers, has returned to Singapore a decade after a franchise club failed in the conservative Southeast Asian city-state. A Parisian institution for 66 years, the cabaret theater opened a club in Singapor...

  • Singapore central bank, bank association, Accenture in blockchain tie-up

    reuters.com 12 Oct '17, 9pm

    NEW YORK (Reuters) - U.S. consulting company Accenture (ACN.N ) said on Thursday it has been appointed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage and develop a blockchain-based platform for interbank payments. Blockchain, a d...

  • Bitcoin rockets above $5,000 to all-time high

    reuters.com 12 Oct '17, 9am

    LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. Bitcoin, the biggest and best-known crypto...

  • China's PINTEC launches Singapore robo advisor backed by insurer FWD

    reuters.com 12 Oct '17, 8am

    HONG KONG (Reuters) - Financial technology company PINTEC Group said on Thursday it launched a venture in Singapore, its first outside China, betting on booming demand for automated investment advice in fast-growing Southeast Asian countries. Asian insurer FWD Group, controlled by Hon...

  • Loyalists unhappy as Coach becomes Tapestry Inc

    reuters.com 11 Oct '17, 6pm

    (Reuters) - Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer. The company’s shares fell as much as 3 percent in early trading, whic...

  • Loyalists unhappy as Coach becomes Tapestry Inc

    reuters.com 11 Oct '17, 4pm

    (Reuters) - Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer. The company’s shares fell as much as 3 percent in early trading, whic...

  • Trump to host Singapore's prime minister Oct. 23 -White House

    reuters.com 10 Oct '17, 3pm

    Singapore Prime Minister Lee Hsien Loong attends a meeting with Chinese Premier Li Keqiang (not pictured) at The Great Hall of the People in Beijing, China September 19, 2017. REUTERS/Lintao Zhang/Pool WASHINGTON (Reuters) - U.S. President Donald Trump will host Singapore’s Prime Mini...

  • Russia turns cold on crypto-currencies

    reuters.com 10 Oct '17, 8am

    SOCHI, Russia (Reuters) - President Vladimir Putin said on Tuesday crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals - a change of tone from a month-old promise to legalize the market. Central Bank Fir...

  • Russia turns cold on crypto-currencies

    reuters.com 10 Oct '17, 8am

    SOCHI, Russia (Reuters) - President Vladimir Putin said on Tuesday crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals - a change of tone from a month-old promise to legalize the market. Central Bank Fir...

  • What’s that smell? Secrets of famously pungent durian fruit revealed |

    reuters.com 09 Oct '17, 3pm

    WASHINGTON (Reuters) - Scientists have answered one of nature’s most pungent questions: what gives the world’s smelliest fruit its distinctive aroma. Scientists in Singapore said on Monday they have mapped the genome of the durian, known throughout Southeast Asia as the “king of fruit...

  • Indonesia says investigating StanChart $1.4 billion transfer to Singapore

    reuters.com 09 Oct '17, 10am

    JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A source familiar with ...

  • Indonesia says investigating StanChart $1.4 billion transfer to Singapore

    reuters.com 09 Oct '17, 9am

    JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A source familiar with ...

  • Indonesia says investigating StanChart $1.4 billion transfer to Singapore

    reuters.com 09 Oct '17, 9am

    JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A source familiar with ...

  • Indonesia says investigating StanChart $1.4 billion transfer to Singapore

    reuters.com 09 Oct '17, 9am

    JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A source familiar with ...

  • UBS chairman joins in bitcoin bashing by bankers

    reuters.com 04 Oct '17, 4pm

    ZURICH (Reuters) - UBS Chairman and former Bundesbank President Axel Weber said on Wednesday bitcoin does not fulfil some of the most important functions of currency, the latest senior banker to express scepticism about the cryptocurrency. “I get often asked why I‘m so skeptical about...

  • Goldman CEO keeps open mind on digital currency bitcoin

    reuters.com 03 Oct '17, 7pm

    (Reuters) - Goldman Sachs Group Inc (GS.N ) Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies. "Still thinking about #Bitcoin. No conclusion - not...

  • Bollywood icon Aamir Khan says next film will be biggest yet

    reuters.com 03 Oct '17, 3am

    SINGAPORE (Reuters) - Aamir Khan, the Bollywood superstar with a conscience, says his next movie about a small town teenage girl who uses the Internet to become a singing sensation will be much bigger than his last film, which was India’s highest grossing ever. Khan, 52, plays a sleaz...

  • Making a fortune from arranging private bitcoin transactions

    reuters.com 30 Sep '17, 6pm

    HELSINKI (Reuters) - Exchanges aren’t the only way to trade bitcoins and other cryptocurrencies. Some websites help to arrange private transactions between buyers and sellers. LocalBitcoins.com is a popular website through which buyers and sellers advertise bitcoins, setting their own...

  • Chaos and hackers stalk investors on cryptocurrency exchanges

    reuters.com 29 Sep '17, 6pm

    Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the excha...

  • Chaos and hackers stalk investors on cryptocurrency exchanges

    reuters.com 29 Sep '17, 4pm

    Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the excha...

  • Chaos and hackers stalk investors on cryptocurrency exchanges

    reuters.com 29 Sep '17, 11am

    Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the excha...

  • Chaos and hackers stalk investors on cryptocurrency exchanges

    reuters.com 29 Sep '17, 10am

    Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the excha...

  • China's bitcoin market alive and well as traders defy crackdown

    reuters.com 29 Sep '17, 8am

    SHANGHAI (Reuters) - Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. While several exchanges have announced that they will close by...