Tag Archives : Stock Market

According to a research conducted by Professor Johan Bollen, Indiana University, USA, the correlation between the mood swings of users of microblogging and the Dow Jones index was nearly 90%. In reaching a determination, Bollen and his researchers analyzed more than 9.8 million tweets, 2.7 million users between March and December 2008. Once analyzed, [...]

IPO stands for the words in English Initial Public Offering which means opening up the capital of a company in the stock market. Roughly, the company evaluates its worth, divide that figure in several pieces – called shares – and puts the pieces to be sold on the stock market. IPOs can be both good opportunities for making profits or can [...]

Antiquorum’s auction room in New York City attracted watch collectors from around the globe on June 10th for the sale of Important Collectors’ Wristwatches, Pocket Watches &clocks. The auction achieved $4.5 million boosting the total spring sale to over $9.5 million. For the 364 lots on offer vigorous bidding was witnessed by the collectors [...]

Debt and the institutional accumulation of it are wracking the world. Dubai’s case might just be a harbinger of a series of blowups that is soon to follow. Fact is, there are similar financial trouble spots across the globe right now. The ‘one-time wonderland in the desert’ that is now struggling to pay its bills, is not a lone and isolated case. [...]

‘A significant chunk of Dubai’s debt is in the form of Sharia-compliant bonds.’ What is unique with these ‘increasingly popular instruments’ is that lenders are forbidden to collect interest. It is now unclear how Dubai’s default will affect these Islamic lenders who gave these funds under a ‘partner-like relationship with the borrower.’ [...]

59-year old Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum has seen his personal fortunes plummet from $12 billion down to $6 billion because of the ongoing global recession, as well as some other reasons. Dubai, an emirate of the United Arab Emirates, ‘was forced to ask for a handout from neighbor Abu Dhabi when credit markets tanked.’ Nonetheless, [...]

A weak and uncertain statement from the UAE has stoked ‘fears of tension between emirates,’ The panic question among businessmen in the region is whether Dubai will default or not. Some investors are quick to defend the emirate. According to Thani al-Falaasi, a businessman in Dubai, “Only a few decades ago, this country was nothing, just a desert. [...]

The government of Dubai heightened investor panic just a bit more when it recently announced that it will not bail out its own chief financial investment arm, Dubai World. The government said that ‘even though struggling Dubai World is state owned, the government won’t guarantee its debts or bail it out.’ According to Abdulrahman Al Saleh, director [...]

The government of Dubai has taken over its flagship company, Dubai World. The surprising move has caused ‘panic throughout the region, and translated into a selloff in bank stocks in Europe and Asia.’ To top that, ‘the government also aims to delay payments on $60 billion in debt, a request that caused the price of insuring debt in emerging economies [...]

Terror attacks in Mumbai (Bombay) have left the Indian financial capital in fear after gunmen shot 104 people in the gunfire. The responsibility of the attacks has been taken by Deccan Mujahideen, an Islamic militant group. It is still unclear till when the stock market will remain closed. . The attacks clearly are an attempt to tarnish India’s [...]