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Egypt Goes Dark, Cuts Off Internet And Mobile Networks
Morning Tech Wrap: Egypt, Sony, LinkedIn
In an unprecedented move for a major Internet economy, the government of Egypt appears to have cut off web access for most of its citizens. It comes as protestors prepare for a big weekend of demonstrations against Hosni Mubarak, who has been the country's president for nearly 30 years. The shut [...]
Financial Information Company's Listing Creates China's Newest Billionaire
The chairman of one of China's largest financial information companies has formally become the country's newest billionaire after a successful listing at the Shanghai Stock Exchange today. Shares in Shanghai Great Wisdom closed at 25.38 yuan, or about $3.85, up from their IPO price of 23.20 yuan. Chairman Zhang Changhong's 386 million shares in [...]
Davos: The African Opportunity
A 30-year Market Forecast
Investors expect to be paid for taking financial risks. Consequently, all financial assets are priced based on their perceived risk. The greater the perceived risk, the greater the expected return. When the perceived risk of an asset class is low, the expected return is also low relative to more risky [...]
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The President on Wireless Nirvana
“Within the next five years, we’ll make it possible for businesses to deploy the next generation of high-speed wireless coverage to 98 percent of all Americans,” enthused the president in his State of the Union address. The president didn’t explain how he proposes to get us from here to there. [...]
Davos: Indonesia's Day To Remember
The EU Is Dead, Long Live The EU
Billionaire Eike Batista's Stocks Drop, But Batista Aims to Expand His Reach
Eike Batista announced this week that he's expanding his international reach by creating a new corporate entity and opening up an office in New York City. Meanwhile, Bloomberg News is reporting that in just four months, Batista's various public companies lost $7.6 billion in market value. Through EBX, Batista controls [...]