Published on November 26, 2007
in Business.
The Wall Street Journal [subscription required] is reporting that Dubai International Capital has purchased a substantial stake in Sony Corp. [NYSE:SNE]. The stake purchased is under 5% as no public paperwork has been filed with any regulatory bodies in Japan. As a result of the announcement, Sony shares rose 4.6% in Japan and 1.9% in the United States.
With strong financial performance and the momentum that their gaming division is showing, Dubai International Capital’s investment in Sony seems to be a quite reasonable and wise one.
Published on November 20, 2007
in Business.
The Wall Street Journal published an article [subscription required] today about how some of the Gulf nations are rethinking about pegging their currencies to the dollar. Inflation in Qatar, the UAE, and Saudi Arabia is estimated to be at 12%, 8%, and 3% respectively for 2007. Inflation in these nations seems to be the most problematic for immigrant workers from the East who make up a huge portion of the labor force in the Gulf. Maybe the Gulf countries will follow the path of Kuwait and use a basket of currencies to link their currencies to rather than pegging directly to the U.S. dollar?
Published on November 13, 2007
in Business.
News of Apple potentially releasing their iPhone in China sent shares up close to 11% today.
Related articles:
CNN Money - China Unicom Executive:Considering Sale Of Apple’s iPhone In China
MarketWatch - China Mobile in talks with Apple on iPhone launch in China
UPDATE: China’s Unicom just announced a few minutes ago that they have no immediate plans to sell the iPhone in China for the time being (Read more).
Published on November 13, 2007
in Business.
Just as a follow up to my previous post, AAPL, GOOG, MSFT, RIMM, and YHOO slumped even further today:
Interesting how this two day slump has killed their month long upward rally:
Published on November 10, 2007
in Business.
Many assumed the tech industry was immune to all the negative and worrisome news and happenings in the financial sector, but I guess there comes a time where it all has to catch up.
Lets see what happens on Monday…
Published on November 8, 2007
in Business.
TickerSense has compiled a list of the top 50 movers this year so far. Note that Bindura Nickel Corporation of Zimbabwe is up the most at 257,964% and that the one that is down the most is down 99.9% so far.
Images courtesy of TickerSense (click for larger images):
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