Islamic funds boost Korean stocks

Funds coming from Islamic countries are increasing in the capital market here, according to Koscom, the stock market operator. It stood at a mere 128.9 billion won in the fourth quarter of 2007, but over 3 trillion won flew into the Seoul stock market in 2008. Islamic money in the bourse increased to 3.2 trillion won last year, with 122.7 billion won arriving in January. The money is part of the huge assets that they accumulated during the global oil price hike.

Read Article...

Like this story? Get our top stories by email.

User

Now, films futures contracts for box office bets!

Movie lovers have long made bets among themselves over how well a particular release will do at the box office. Beginning next month, they may be able to make that bet through a futures contract issued by New York broker Cantor Fitzgerald. Cantor has announced it expects final approval by 20th April of its domestic box office receipt movie futures contract, which will allow 24-hour trading based on a film's box office performance. The US Commodity Futures Trading Commission is reviewing the proposal for box office futures to be traded on the Cantor Exchange.

Read Article...

Like this story? Get our top stories by email.

User

Microsoft boots out iPhones

At an all-company meeting in a Seattle sports stadium, one hapless employee used his iPhone to snap photos of Microsoft chief executive Steve Ballmer. Mr Ballmer snatched the iPhone out of the employee's hands, placed it on the ground and pretended to stomp on it in front of thousands of Microsoft workers. One Microsoft worker said he knows several colleagues who try to disguise their iPhones with cases that make them look more like generic handsets.

Read Article...

Like this story? Get our top stories by email.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)