Smartphone Sales In Asia On The Rise, Android Tops Symbian

According to market research company Gfk, smartphones are getting increasing popular in Asia, with Android now being the region’s most popular OS for this type of handsets. Cell phones with the Google software on board have reportedly enjoyed brisk sales in that region in the second and third quarters of 2010. 

Gfk says that Android has dethroned Symbian in Asia in Q3 this year, both in terms of value and actual handset sales. Android seems to be especially going strong in Hong Kong, Macau, South Korea and Taiwan. In Southeast Asia (i.e. Indonesia or Malaysia), Symbian is still dominant – even though the OS is gradually losing ground to the iPhone, Blackberry and Android. Hit the read more link for details.

MAHINDRA INKS DEAL TO PURCHASE SSANGYONG

India's corporations flush with cash reserves are increasingly exreting their dominance on the world stage. Following in the foot steps of Tata Corporation's purchase of Jaguar and Land Rover from Ford Motors India’s Mahindra & Mahindra has officially been named the new owner of South Korea-based Ssangyong. Mahindra was named the leading bidder for Ssangyong earlier this year.

CHINESE, SAUDIS ACQUIRE 2 PERCENT OF General Motors (GM) - Kingdom Holding

Saudi Arabian Investment
While SAIC’s investment was rumored for months, a similar acquisition of $500 million in shares by Saudi investment firm Kingdom Holding run by Prince Alwaleed bin Talal. Alwaleed (or Al-Waleed), considered by investors to be Saudi Arabia’s Warren Buffett, is an American-educated investor with a wide variety of holdings in various industries across the globe.