Home > Investment News

Investment News 08/2006



MGCC Investment Strategies Inc. Announces Stock Split (The Auto Channel)
JINZHOU, China, July 31 /Xinhua-PRNewswire-FirstCall/ -- MGCC Investment Strategies Inc. ''the Corporation'' (BULLETIN BOARD: MGIS) announced today that the Corporation has effected a 2.448719 to 1 forward stock split.
Standard Life Says Sales Rose 19 Percent on Investment Products (Bloomberg.com)
Aug. 1 (Bloomberg) -- Standard Life Plc, the U.K. insurer that raised more than $1 billion in an initial public offering last month, said sales of life insurance and pensions rose 19 percent in the first-half, boosted by personal investment products.
Fitch upgrades India rating to investment grade (Reuters via Yahoo! Asia News)
MUMBAI, Aug 1 (Reuters) - International rating agency Fitch Ratings on Tuesday upgraded India's sovereign ratings to investment grade, citing an improvement in public finances.
Fine wines have been a bubbly investment (San Jose Mercury News)
The Internet has uncorked cork wine as an investment vehicle: Trading volumes are bubbling up and some index values are up nearly 45 percent in the past year or so, market professionals say.
Fitch upgrades India rating to investment grade (Yahoo! India News)
MUMBAI (Reuters) - International rating agency Fitch Ratings on Tuesday upgraded India's sovereign debt ratings to investment grade, citing an improvement in public finances which has been mainly aided by strong economic growth.
Fitch upgrades India's ratings to Investment Grade (New Kerala)
New Delhi: Global rating agency Fitch today upgraded India's rating to 'Investment Grade' with stable outlook, taking into account the country's strong economic fundamentals.
Brazil: Petrobras Investment (India Daily)
Brazilian state-owned energy company Petróleo Brasileiro (Petrobras) will detail Aug. 1 plans of a $22.1 billion investment in the natural gas sector through 2011, Petrobras President Jose Sergio Gabrielli announced July 31.
CBAI, CAU and URBN Update the Investment Community in All-New Interviews With WallSt.net (SYS-CON Media)
On July 28, Matthew Schissler, Chairman and CEO of Cord Blood America, Inc. (BULLETIN BOARD: CBAI) updated the investment community in an all-new interview with (link) . Interview highlights include detailed discussions on the following topics:
Nuclear Solutions, Inc. Engages Access Capital Investment Group, Inc. (SYS-CON Media)
Nuclear Solutions, Inc. (OTCBB: NSOL) hasentered into an agreement with Access Capital Investment Group, Inc., aninstitutional leader of non-bank funding for growing businesses, to assistin securing working capital.
HOW THE INVESTMENT TAX WORKS (The New Zealand Herald)
How investors in foreign shares could have to pay tax even in years when their shares make a loss. YEAR ONE Investor starts year one with $100,000 in shares subject to the new investment tax rules (ie outside NZ or Australia).
Policies may slow power investment (Stuff)
The Government may be dampening the incentive for investment in new power plants, Treasury says, but the electricity market does not need a fundamental revamp.
Investment Conference This Saturday - Presented by SCIA - Southern California Investment Association in Irvine, CA (SYS-CON Media)
Register now to attend this Saturday,August 5th's investment conference for growth opportunities from 7:15 a.m.to 1;30 p.m. at the Hilton across from the Orange County John Wayne Airport(code: SNA), 18800 MacArthur Boulevard, Irvine, CA 92612. Seating islimited to the buy/sell side and accredited investors. For discount,register in advance at: www.sciaonline.org.
BOI suggests Russia for Thai investment (Business Day)
THE Board of Investment (BOI) suggested Thai investors to consider Russia for their investment, particularly in textile and hotel industries.
S3 Investment Company Releases August 2006 Newsletter With Review of Expansion by Subsidiaries in China (SYS-CON Media)
S3 Investment Company, Inc. (OTCBB: SEIH), aholding company with two subsidiaries doing business in the China market,today released the August 2006 edition of its investor newsletter, whichincludes articles that review a recent trip by S3 management to China, theaddition of new suppliers for subsidiary SINO UJE, Ltd. and key managementchanges for subsidiary Redwood Capital, Inc.
Subic got 71% of investment commitments in 1st qtr (INQ7 Business)
THE Subic Bay Freeport Zone, converted from a former American naval northwest of Manila, had P51.7 billion in investments registered in the January-March quarter, accounting for 71 percent of the P73.0 billion approved by the government's investment promotion agencies.
eCarfly Receives $6 Price Target from Investment Strategies (The Auto Channel)
DALLAS--Aug. 1, 2006--eCarfly, Inc. (Pink Sheets:ECFL) announced today the company has received an analyst report and Price Target of $6 from Investment Strategies.
Limelight Announces $130M Investment (EContent Magazine)
Limelight Networks, Inc., a content delivery network for digital media, has announced the completion of a $130 million equity-financing round led by Goldman Sachs Capital Partners, an investment banking and private corporate equity firm.
Amcil expects investment opportunities (Sydney Morning Herald)
Investment company Amcil Ltd expects ongoing volatility in share markets in the first half of this financial year will create "interesting" investment opportunities.
China's steel industry urges tighter controls on foreign investment (AFP via Yahoo! News)
China's steel industry wants tighter controls on foreign investment, amid growing concerns a more protectionist mood may be taking hold in Asia's second-largest economy.
Milton posts handsome investment returns (AAP via Yahoo!7 Finance)
Listed investment firm Milton Corporation has posted an 11 per cent increase in annual net profit but has forecast corporate profits to weaken in fiscal 2007.
Credit Suisse Profit Doubled on Investment Bank Gains (Update3) (Bloomberg.com)
Aug. 2 (Bloomberg) -- Credit Suisse Group, recovering from an investment banking loss a year ago, said profit more than doubled in the second quarter, driven by revenue from trading and fees from managing wealthy people's money.
Milton posts handsome investment returns (Sydney Morning Herald)
Listed investment company Milton Corporation Ltd has posted an 11 per cent increase in annual net profit but has forecast corporate profits to be "perhaps not as strong" in fiscal 2007.
Credit Suisse profit jumps as investment banking arm recovers (Market Watch)
LONDON (MarketWatch) -- Credit Suisse Group Wednesday said second-quarter net profit more than doubled from a year-ago quarter that was hurt by litigation charges, led by its investment banking unit.
Credit Suisse Profit Doubled on Investment Bank Gains (Update5) (Bloomberg.com)
Aug. 2 (Bloomberg) -- Credit Suisse Group, recovering from an investment banking loss a year ago, said profit more than doubled in the second quarter, helped by trading gains and fees from managing money.
Investment banking boosts Credit Suisse (Financial Times)
Credit Suisse , the Swiss investment bank, on Wednesday reported a rise in profits for the second quarter of the year, boosted by its investment banking operations and strong inflows in its wealth management business.
SPIL China application rejected, ASE investment approved (Digi Times)
Silicon Precision Industries' (SPIL's) application to move low-end IC backend production to China has been rejected by the Investment Commission of Taiwan's Ministry of Economic Affairs (MOEA) while Advanced Semiconductor Engineering (ASE) received approval to increase its investment in China.
Man gets more than 12 years in prison for sham investment (ABC 13 Texas)
A federal judge on Tuesday sentenced an Amarillo businessman to more than 121/2 years in prison for operating a fraudulent investment company, according to a news release from the U.S. Attorney's Office.
Canaan Partners' New India Office Makes ''Social'' Internet Investment (RedNova)
Canaan Partners, a major international venture capital firm, today announced the funding of BharatMatrimony Group, the leading online matrimonial service in India. This is an exciting new investment by the venture firm's India office, which opened in June.
NY gold races to 2-week high on investment buying (Reuters via Yahoo! Asia News)
NEW YORK, Aug 2 (Reuters) - Gold futures in New York rocketed to a two-week high on Wednesday morning, fueled by greater investment demand amid rising oil prices, a sliding dollar and Middle East tensions, dealers said.
BMA authorizes Islamic fund managed by Global Investment House (Mena Report)
The Bahrain Monetary Agency (BMA) has authorized an Islamic equity fund, sponsored by leading Kuwait-based asset management firm, Global Investment House.
Namibia: Losing Out On Domestic Investment? (AllAfrica.com)
Experts in the field of economics will converge on Windhoek next month to assess whether foreign direct investment (FDI) in Namibia has been promoted at the expense of domestic investment.
Credit Suisse, the Swiss investment bank, Credit Suisse, the Swiss investment bank, Net profits more than doubled to (India Daily)
Net profits more than doubled to SFr2.16bn ($1.76bn) in the second quarter from the same period last year. The results were boosted by its investment banking operations and strong inflows in its wealth management business.
Nigeria: Telecoms Investment Yields Gold (AllAfrica.com)
WHEN the telecom industry stakeholders gathered, last week, at the Agip recital hall of the Muson Centre, Lagos, to discuss ways of propelling more investment interests in the sector, the Akwa Ibom state's golden harvest of $240 million dollars from a humble investment of $60.7 million in Econet wireless in 2001, provided a tip of the fortunes inherent in the sector.
Cote D'Ivoire seeks Indian investment in IT, biotech (New Kerala)
New Delhi: West African nation Cote D'Ivoire is luring Indian private investors in a 300-hectare IT and biotech free zone it is setting up with a $100 million investment in the first phase.
The best investment bets abroad (Fortune via Yahoo! Finance)
For years American investors were notorious stay-at-homes, resisting the advice of investment strategists to diversify globally. But over the past 18 months, that's been changing.
Midland National Introduces One of the Most Innovative Variable Annuities Designed for the Registered Investment Market (SYS-CON Media)
Midland National Life InsuranceCompany, a member of the $25 billion Sammons Financial Group based inChicago, IL, announced today that it has introduced the Vector SeriesVariable Annuity(SM), a fully unbundled variable annuity designedspecifically for the Registered Investment Advisor Market. The VectorVariable Annuity is the first variable annuity to have unlimited tradingrestrictions on 49
Ethiopia: Intellectual Property Laws Said Crucial for Dev't, Investment Flow (AllAfrica.com)
State Minister of Agriculture and Rural Development said that enforcement of intellectual property laws contributes to the ongoing development as well as flow of foreign direct investment to the country.
Medtech Insight and Windhover Information's 2006 ''Investment in Innovation (In3) East: A Preview of Early-Stage (RedNova)
The 2006 Investment In Innovation (In3) East Conference, sponsored by Medtech Insight, a division of Windhover Information, has confirmed 23 presenters, all of them emerging medical technology companies seeking strategic partners and/or investment.
3 Billion Rmb Worth of Investment Secured at Fushun International Trade Fair (RedNova)
The three-day Fushun International Trade Fair recently concluded in Liaoning province. The fair provided the venue for the signing of over 20 projects, with a total investment of nearly 3 billion RMB.
Axa Asia Profit Rises 24% on Investment-Fund Sales (Update5) (Bloomberg.com)
Aug. 3 (Bloomberg) -- Axa Asia Pacific Holdings Ltd., the Australian unit of Europe's second-biggest insurer, said first- half profit rose 24 percent on increased sales of investment and pension products.
Investment firm known for renovations to buy PGA resort (The Palm Beach Post)
PGA National Resort & Spa, the centerpiece of the sprawling PGA residential community and one of the country's better-known golfing destinations, is being purchased by a Chicago investment firm.
Investment bank unit buoys Barclays profit (ShareCast via Yahoo! UK & Ireland Finance)
UK bank Barclays enjoyed an "excellent" first half it said today as profits soared thanks to a big performance from its investment banking business Barclays Capital, although bad debt charges came in 50% higher.
Barclays, Societe Generale profits up on investment banking (Market Watch)
LONDON (MarketWatch) -- British and French banking giants Barclays and Societe Generale reported forecast-beating profits Thursday as both firms saw strong growth from their investment banking divisions.
SocGen buoyed by investment banking (FT.com via Yahoo! UK & Ireland Finance)
Shares in Société Générale, the French bank, rose 1.84 per cent to €121.5 in morning trade in Paris on Thursday after it reported a stronger-than-expected rise in profit for the first half of the year, buoyed by the strong performance of its investment banking division.
Ras Al Khaimah Free Trade Zone extends its marketing campaign to Turkey as Turkish investment increases (AME Info)
Ras Al Khaimah Free Trade Zone is extending its international marketing campaign to Turkey following a steady increase in investment in the free zone by Turkish businesses.
PREMIER DENIES SAYING HE WILL RELAX CHINA-BOUND INVESTMENT CAP (Central News Agency)
Taipei, Aug. 3 (CNA) Premier Su Tseng-chang denied Thursday that he said he will relax the 40 percent ceiling on investment in China by Taiwanese businesses.
Russian govt supports UES investment program for 2007 - Dubinin (Interfax)
MOSCOW. Aug 3 (Interfax) - The Russian government has supported the investment program for Unified Energy System (UES) (RTS: EESR) and its subsidiaries - the Federal Grid Company, GidroOGK and Sistema Operator - of 160 billion rubles for 2007.
BMA authorizes Islamic fund managed by Global Investment House (AME Info)
The Bahrain Monetary Agency (BMA) has authorized an Islamic equity fund, sponsored by leading Kuwait-based asset management firm, Global Investment House.
China`s investment growth expected to slow in second half (AngolaPress)
BEIJING, 08/03 - A report from China`s economic watchdog predicted that China`s investment growth in 2006 should be no more than 20-25 percent.
Govt commission approves 3 Investment Fund projects (Interfax)
MOSCOW. Aug 3 (Interfax) - A government commission approved Thursday three projects requesting financing from Russia's Investment Fund, Economic Development and Trade Minister German Gref told reporters after the meeting.