When the value of its shares fell, Nokia, the Finnish mobile phone maker, cut handset prices accordingly and started looking at other markets. This included plans to re-enter South Korea later this year. Nokia shares dropped by 1.2 percent. Reuters posts some statistical details of European shares. Shares in South Korea’s LG Electronics (066570.KS: Quote, [...]
The Islamic Bank of Asia (IB Asia) has noticed an increase in interest from investors for Islamic finance. Two board members of IB Asia, Shariah, Shaikh Nizam Yaqouby and Dr. Mohammed Daud Bakar, say that they believe changes in the global investment climate drive the demand for Islamic banking. In such a situation, the development [...]
CNN Money reports that consumers will have to get used to paying more for their groceries over the next two years. Concerns with rising food prices worldwide are part of anticipated five-year cycles, agricultural economists claim. Prices flare up in the first two to three years of the cycle and then start to moderate by [...]