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Investment News 07/2006



Investment banking to drive J.P. Morgan, Citigroup results (Market Watch)
NEW YORK (MarketWatch) -- Investment banking results, which wowed investors in a preview in June, are expected to be the big driver of earnings as four of the nation's biggest diversified banks are slated to report the latest three months' results next week.
Investment Management Newsflashes: HSBC Taps SEI Global Wealth Services, and more (Finance Technology Network)
SEI , a global provider of outsourced asset management, investment processing and investment operations solutions, announced today that it has been selected to provide its new Global Wealth Services solution to HSBC Private Bank Great Britain , one of the U.K.'s largest private banks.
Matsushita Withdraws Investment From Developer (RedNova)
By Kyodo News International, Tokyo Jul. 13--OSAKA -- Matsushita Electric Industrial Co. and its founding family have withdrawn their investment from the MID Urban Development Co.
Jones Lang LaSalle Expands Capital Markets with Multi-family Investment Sales Team (Commercial Property News)
Jones Lang LaSalle said today it is adding a new team based out of Florida to expand its capital markets capabilities by focusing for the first time on multi-family investment sales.
Investment banks scout for best talent (The Star Online)
PETALING JAYA : As banking groups prepare to launch their investment banking operations, enlisting the best possible human capital has undoubtedly become one of the most urgent issues they have to address.
Andhra Pradesh govt invites domestic, foreign investment (New Kerala)
New Delhi, July 13: Offering a slew of investor friendly measures, the Andhra Pradesh government today sought to promote the state as an ideal investment destination, inviting investments from India and abroad.
RUXX investment index set to open 4.75% down (Russian Information Agency Novosti)
MOSCOW, July 14 (RIA Novosti) - Russia's newest investment index will open Friday at 614.47 points, down 4.75% on the previous day's trading, following Thursday evening's sessions on major world trading floors.
Regents approve rules for investment company (The Daily Texan)
The UT System Board of Regents approved changes to the UT Investment Management Co.'s code of ethics Thursday, making it stricter and more "user-friendly," said UT System General Counsel Barry Burgdorf.
Investment company buys 2 Surprise retail centers (The Arizona Republic)
A national investment firm has paid more than $75 million for two of Surprise's largest and most visible retail centers.
African investment tops the agenda in Abuja (Independent Online)
Twelve leaders from Africa and the Caribbean are expected in the Nigerian capital for a four-day summit to discuss investment and expansion of the private sector in Africa.
China's 1st Round Investment on 3G Equipments forecast (The 3G Portal)
Analysys International has released a report ''China's 3G Network Implementation Focus Report 2006'', which is China's first round of investment on 3G equipments will reach USD 1.25 billion to 2.5 billion. The coming of 3G will definitely bring strong impact on the overall telecom market in China.
Merrill Lynch Named Euromoney Global Investment Bank of the Year 2006 (FinanzNachrichten)
LONDON, July 14 /PRNewswire/ -- Merrill Lynch ( Nachrichten / Aktienkurs ) is proud to announce that it has been named the Euromoney ( Nachrichten ) "Global Investment Bank of the Year" for 2006. The award follows an outstanding year for Merrill Lynch that has seen the firm achieve strong results across all main business areas.
Investment banks reportedly eye Chunghwa Telecom's ADR deal (Market Watch)
TAIPEI (MarketWatch) -- Chunghwa Telecom Co.'s (CHT) plan to sell its shares through American Depositary Receipts attracted a number of investment banks to the US$1.2 billion deal, the Commercial Times reported Friday.
CLX Investment Company Announces Expansion of Global Distribution for Zonda, Inc. With Contracts for Australia and New (Market Wire via Yahoo! Finance)
CLX Investment Company, Inc. today announced that portfolio investment Zonda Incorporated, which specializes in diagnostic tests that serve the medical, bacterial food safety, cosmetic, beverage, pharmaceutical, veterinary, and environmental sanitation testing markets, has opened new global markets for its products with a distribution agreement for its HandiLab-C chlamydia test in Australia and
S3 Investment Company Reports on Annual Meeting of Shareholders (Market Wire via Yahoo! Finance)
S3 Investment Company, Inc. today announced that a majority of the holders of the company's common stock has approved all of the proposals under consideration at the annual meeting of shareholders held yesterday at the company's corporate offices.
Investment panel pushes for 49% FDI in retail (SiliconIndia)
NEW DELHI: The Investment Commission has recommended large scale increase in foreign investment caps for sectors like banking and insurance and allowing FDI in retail, which have been contentious in the past, as part of a strategy to attract $64 billion FDI by 2009-10.
Local groups support ban on Sudanese investment (Fort Wayne News-Sentinel)
Representatives from faith groups in Fort Wayne and other Indiana cities are backing legislation slated to be introduced in the General Assembly in 2007 to stop state investment in companies that do business with the Sudanese government.
Northern Property Real Estate Investment Trust announces JULY 2006 distribution (CNW Group via Yahoo! Finance)
Northern Property Real Estate Investment Trust announced its July 2006 monthly distribution in the amount of $0.1094 cents per unit, payable on August 15, 2006 to unit holders of record at July 31, 2006.
African investment tops the agenda in Abuja (africast.com)
ABUJA, July 14 -- Twelve leaders from Africa and the Caribbean are expected in the Nigerian capital on Monday for a four-day summit to discuss investment and expansion of the private sector in Africa, organisers said on Thursday.
China: Foreign Investment Down Slightly (AP via Yahoo! Finance)
Foreign investment in China fell 0.5 percent in the first six months of this year, but to a still-robust US$28.4 billion, the Commerce Ministry announced said Friday.
BP Investment In Rosneft Makes Sense -UBS (New Ratings)
1331 GMT [Dow Jones] BP's ( BP.ISE ) investment in Rosneft (ROSN.RS) has a clear strategic case, says UBS. Points out that the move is supportive of Rosneft, with which it is a partner in Sakhalin, and of Russia, in which BP has been very successful with its TNK-BP affiliate.
American Biofuels, Inc., Engages Ault Glazer Bodnar Securities, LLC to Provide Investment Banking and Advisory Services (Business Wire via Yahoo! Finance)
ST. JOSEPH, Mo.----July 14, 2006--American Biofuels, Inc., , a newly formed Delaware corporation that plans to own and operate biodiesel production facilities concentrated initially in Missouri , announced today that it has engaged Ault Glazer Bodnar Securities, LLC , an LA-based investment banking firm, to provide advisory services to the company, including among other things, assistance with
Paulson Investment Company, Inc. Completes Initial Public Offering of Ascent Solar Technologies, Inc. (Market Wire via Yahoo! Finance)
Paulson Investment Company, Inc., a wholly-owned subsidiary of Paulson Capital Corp., today announced its completion of the initial public offering for Ascent Solar Technologies, Inc., a developer and manufacturer of state-of-the-art, thin-film flexible photovoltaic materials and modules. The offering consisted of 3,000,000 Units at a public offering price of $5.50 per Unit, and resulted in
CLX Investment Company Announces Expansion of Global Distribution for Zonda, Inc. With Contracts for Australia and New (SYS-CON Media)
CLX Investment Company, Inc. (OTCBB: CLXN)today announced that portfolio investment Zonda Incorporated, whichspecializes in diagnostic tests that serve the medical, bacterial foodsafety, cosmetic, beverage, pharmaceutical, veterinary, and environmentalsanitation testing markets, has opened new global markets for its productswith a distribution agreement for its HandiLab-C chlamydia test
Nation prepares for a third wave of foreign investment (Viet Nam News)
HCM CITY — Financial experts are looking forward to welcoming a third wave of foreign indirect investment when Viet Nam becomes a member of the World Trade Organisation by the end of the year.
CLX Investment Company Announces Expansion of Global Distribution for Zonda, Inc. With Contracts for Australia and New (SYS-CON Media)
CLX Investment Company, Inc. (OTCBB: CLXN)today announced that portfolio investment Zonda Incorporated, whichspecializes in diagnostic tests that serve the medical, bacterial foodsafety, cosmetic, beverage, pharmaceutical, veterinary, and environmentalsanitation testing markets, has opened new global markets for its productswith a distribution agreement for its HandiLab-C chlamydia test
S3 Investment Company Reports on Annual Meeting of Shareholders (SYS-CON Media)
S3 Investment Company, Inc. (OTCBB: SEIH)today announced that a majority of the holders of the company's commonstock has approved all of the proposals under consideration at the annualmeeting of shareholders held yesterday at the company's corporate offices.
Frost named chairman of investment banking firm (Miami Herald)
Former Ivax chairman and longtime Miami businessman Phillip Frost has been named chairman of a New York investment banking and asset management firm, Ladenburg Thalmann Financial Services, which will be relocating its headquarters to Miami.
SJIBL extends Tk 100m investment facility to NHFIL (Financial Express)
Shahjalal Islami Bank Limited (SJIBL) has extended an investment facility worth Tk 100 million (10 crore) to the National Housing Finance and Investments Limited (NHFIL) for investment in purchase, construction and renovation of flats, apartments etc.
Canadian Real Estate Investment Trust Announces July 2006 Distribution (SYS-CON Media)
Canadian Real Estate Investment Trust ('CREIT') (TSX: REF.UN) today announced its July 2006 monthly distribution in the amount of 10.83 cents per unit (C$1.30 annualized). The July distribution will be payable on August 15, 2006 to Unitholders of record July 31, 2006.
Investment adviser fined by state security officials (The Wichita Eagle)
An investment adviser from Overland Park has agreed to pay a $7,500 fine, Kansas Securities Commissioner Chris Biggs said today. Biggs said that James A. Hall entered into a consent order with the office of the Kansas Securities Commissioner. In addition to the fine, Biggs said, the agreement includes a provision for Hall to be publicly censured.
Harper touts Canada as world's premier energy investment opportunity (CNews)
LONDON (CP) - Prime Minister Stephen Harper is touting Canada as an emerging energy superpower on the eve of a G8 summit. Harper told the Canada-U.K. Chamber of Commerce in London that Canada is the world's premier energy investment opportunity.
Agency fines ex-OP investment adviser (BizJournals)
The Office of the Kansas Securities Commissioner said it has fined former Overland Park investment adviser James A. Hall for unethical business practices.
Paulson Investment Company, Inc. Completes Initial Public Offering of Ascent Solar Technologies, Inc. (SYS-CON Media)
Paulson Investment Company, Inc., awholly-owned subsidiary of Paulson Capital Corp. ('Paulson') (NASDAQ: PLCC), today announced its completion of the initial public offering forAscent Solar Technologies, Inc., a developer and manufacturer ofstate-of-the-art,thin-film flexible photovoltaic materials and modules. The offeringconsisted of 3,000,000 Units at a public offering price of $5.50 per
Paulson Investment Company, Inc. Completes Initial Public Offering of Ascent Solar Technologies, Inc. (SYS-CON Media)
Paulson Investment Company, Inc., awholly-owned subsidiary of Paulson Capital Corp. ('Paulson') (NASDAQ: PLCC), today announced its completion of the initial public offering forAscent Solar Technologies, Inc., a developer and manufacturer ofstate-of-the-art,thin-film flexible photovoltaic materials and modules. The offeringconsisted of 3,000,000 Units at a public offering price of $5.50 per
US, Cambodia sign trade, investment framework (Reuters via Yahoo! News)
The United States and Cambodia signed an agreement on Friday to increase trade and investment flows as part of a broader American initiative in the region, the U.S. Trade Representative's office said.
Pair off to prison for investment fraud roles (The News & Advance)
Two local men were sentenced Friday for running a fraudulent investment scheme that bilked at least nine people out of more than $2 million.
Iran's TSE absorbs $190m in foreign investment (IranMania.com)
LONDON, July 15 (IranMania) - According to an MNA report, notification of recent investment law has reduced the skepticism between the nation’s stock market and economy and the flow of $190m foreign capital into bourse is one of the positive aftermaths of this law, Mohammad Khazaii said.
Opinion by Chuck Jaffe : Your Funds Conference offers trove of investment wisdom (Arizona Daily Star)
The Morningstar Investment Conference is one of the best events of the year for fund investors.
Investment group will buy Petco for $1.68 billion (The Canton Repository)
SAN DIEGO - Petco Animal Supplies, the nation's second-biggest pet supplies retail chain, said Friday it has agreed to be acquired for about $1.68 billion by a private investment group. Its shares cl...
Hyderabad the new investment haven (IBN live)
With Satyam, TCS, Wipro lining up major expansions in Hyderabad, the city is all set to become investment destination No 1.
Panel aims to roll in $13 bn investment in auto sector (rediff.com)
The Investment Commission has targeted an investment of $5 billion for the auto component industry to increase India's share of the global auto components market pie from the present 0.4 per cent to 3-4 per cent.
CHINA INVESTMENT CEILING BEING REVIEWED: MAC CHIEF (Central News Agency)
Taipei, July 15 (CNA) The government is reviewing the ceiling on China-bound investment by Taiwan's publicly listed companies, while urging a local federation of industries not to protest in the streets over the issue, Mainland Affairs Council (MAC) Chairman Joseph Wu sad Saturday.
EastNets to implement SWIFT connectivity at SICO Investment Bank (AME Info)
EastNets, a leading payment and security solution provider for the government and financial service industry in the Middle East has announced its plans to implement Swift solutions at Bahrain-based SICO Investment Bank through EastNets Service Bureau, in order to provide the bank the highest level of security for all its financial activities.
Eskom's investment programme receives major boost (SABC News)
Eskom's five-year R97 billion capital investment programme has reportedly received a major boost with a strong financial performance from the utility.
The three former NatWest investment bankers extradited from the UK were freed on bail for a week (India Daily)
The three former NatWest investment bankers extradited from the UK were freed on bail for a week after pleading not guilty on Friday to Enron-related charges when they appeared in federal court in Houston.
Tehran Stock Exchange absorbs $190m in foreign investment (Payvand Iran News)
Notification of recent investment law has reduced the skepticism between the nation's stock market and economy and the flow of $190m foreign capital into bourse is one of the positive aftermaths of this law, Mohammad Khazaii said in Tehran on Friday. -Mehr
Saudi investment team arrives Tuesday (Financial Express)
A four-member investment team from Saudi Arabia arrives in the city Tuesday to take part in an international bidding launched by the government for selling off the state-owned Rupali Bank, reports UNB.
Private investment group to buy Petco for $1.68 billion (Orange County Register)
Deal for San Diego pet-supply company expected to close in fourth quarter. SAN DIEGO – Petco Animal Supplies Inc. , the nation's second-biggest pet supplies retail chain, said Friday it has agreed to be acquired for about $1.68 billion by a private investment group.
US visit likely to bring Rs 200 crore investment: Raje (New Kerala)
Jaipur, July 15: An investment of Rs 200 crore is expected from the people non-resident Rajasthani community settled in USA and UK and they were ready to contribute for the all-round development of the state, Chief Minister Vasundhara Raje said today.