Saturday, August 21, 2010
What Billionaire Just Bought a Large Stake in Major Stock Exchange?
It looks like there is at least one person who is optimistic about the future of the I in BRIC, in other words the country of India. Noted billionaire trader and investor George Soros just bought a 4% chunk of the Bombay Stock Exchange, the oldest stock exchange in Asia, the largest stock exchange in South Asia, and the 12th largest in the world. The ownership was sold by Dubai Financial for $35 million.