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Investment News 11/2006



BMO Capital Markets opens investment banking office in Beijing (Antara News)
(Full text of a statement. Contact details below.) Beijing (ANTARA News/PRNewswire-AsiaNet) - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), today officially opened its Investment Banking Representative Office in Beijing.
Yudhoyono Says Indonesia Needs $22 Billion of Annual Investment (Bloomberg.com)
Nov. 1 (Bloomberg) -- Indonesian President Susilo Bambang Yudhoyono said the country needs to attract $22 billion of investment in roads, power plants and other infrastructure each year to boost economic growth and create jobs.
India voices security fears over foreign direct investment (AFP via Yahoo! News)
India has voiced security concerns over foreign direct investment (FDI) in certain sectors of its booming economy.
Millennium Media Consulting: Highlights From Fall 2006 Market Outlook & Investment Press Briefing (SYS-CON Media)
At a pair of New York City media conferenceshosted by Millennium Media Consulting last month, a lineup of institutionalmoney managers, mutual fund portfolio managers and financial professionalsdiscussed their predictions for the future of the markets, the U.S.economy, the investment management industry and discussed current issuesfacing public companies. Highlights of these events are presented
IBM and Lehman Brothers Form Chinese Investment Fund (CBR via Yahoo! UK & Ireland News)
IBM Corp and investment bank Lehman Brothers are to invest a total of $180m in Chinese businesses through a joint venture.
01-11-2006: HSBC sees corporate investment growing in Asia (The Edge Daily)
The corporate investment industry in Asia is set to grow, mirroring a trend in the United States and Europe, as companies seek better returns on their rising cash holdings, HSBC Investments said on Nov 1.
Beijing keen to unlock ASEAN investment doors (Asia Times)
NANNING, China - Beijing and the governments of the Association of Southeast Asian Nations (ASEAN) have reached a consensus on what matters need to be negotiated for service and investment markets to be opened. However, specific matters still need to be discussed.
Investment boosting museums (BBC News)
The first stage of a £150m investment in regional museums is praised for boosting visitor numbers.
Lizama drops BOS' suit vs investment firm (Saipan Tribune)
The Superior Court has dismissed the Bank of Saipan's lawsuit against U.S.-based investment firm D.A. Davidson & Co., saying that the bank's allegations against Davidson “do not set forth the elements of fraudulent misrepresentation.”
Dubai to get more jobs and investment (Mena Report)
Dubai can expect a major boost in investment and employment over the next 12 months as companies scramble to increase their business in the emirate.
ISAs to remain as Government announces shake-up of investment regime (Money Marketing Online)
A major shake-up of the ISA regime has been announced by the Economic secretary to the Treasury Ed Balls. The Government has revealed that ISAs will remain permanently, as the previous commitment would have only seen them in place until 2010, while the £7,000 investment cap will remain.
UK PRESS: Fortress Investment Group Set To File For IPO (Nasdaq)
NEW YORK -(Dow Jones)- U.S.-based alternative investment firm Fortress Investment Group is set to file next week for an initial public offering that could value it at up to $8 billion, The Financial Times reported on its Web site Wednesday.
Uganda: Hima in $90 Million Investment (AllAfrica.com)
HIMA Cement (U) Ltd has announced a $90 million (Shs165 billion) investment expansion almost doubling the current $50 million (Shs92 billion) in Uganda.
Manulife Bank launches F-Class investment savings account (Investment Executive)
Manulife Bank today announced the launch of their investment savings account F-Class. Exclusively available through fee-based financial advisors, it is a high-interest investment account designed to help Canadian investors earn greater income on their cash.
Russia, China to sign mutual protection, investment deal (Interfax)
MOSCOW. Nov 1 (Interfax) - The Russian government will on Thursday discuss a draft agreement with China on mutual protection and investment expansion.
Pension Plan Sponsors Changing Investment Focus, Watson Wyatt Finds (FinanzNachrichten)
WASHINGTON, Nov. 1 /PRNewswire-FirstCall/ -- As companies react to the Pension Protection Act and new accounting rules, they will likely consider investment approaches that better hedge their long-term pension liabilities, according to experts at Watson Wyatt ( Nachrichten ) Investment Consulting, a leading global consulting firm.
Prospect Energy Corporation Makes Senior Secured Debt Investment in Barnett Shale Gas Development Company TLOGH, L.P. (SYS-CON Media)
Prospect Energy Corporation(NASDAQ: PSEC) ('Prospect') announced today that it has made a $15.5million senior secured investment in TLOGH, L.P. ('TLOGH'), a gasdevelopment company based in Dallas, Texas.
Charlotte-Based Investment Bank Tobin Advisors Takes A New Name (Local Tech Wire)
CHARLOTTE, N.C. – Tobin Solitario Investment Banking Group is the new name for Tobin Advisors, am investment bank based in Charlotte. The five-year-old business changed its name as J. Paul Solitario became a partner in the firm. It was founded by Justine Tobin.
Manulife Bank launches F-Class investment savings account (Investment Executive)
Manulife Bank today announced the launch of their investment savings account F-Class. Exclusively available through fee-based financial advisors, it is a high-interest investment account designed to help Canadian investors earn greater income on their cash.
CPP Investment Board backs trust decision (The Globe and Mail)
The Canada Pension Plan Investment Board said Wednesday it backs a plan to tax income trusts. CPPIB, Canada's second-largest pension fund, has a mandate to make long-term investments. It had $98.6-billion in assets under management as of June 30.
Premium IP Services Provide High Returns from a Small CAPEX Investment (SYS-CON Media)
A new study by Network Strategy Partners (NSP) finds that using policy-based traffic management solutions, service providers can now leverage their existing IP networks to offer premium IP services with a relatively small capital investment.
Scottsdale investment firm purchases part of Tempe business part for $38.5 million (The Arizona Republic)
Scottsdale-based real estate investment company, The Wolff Co., said Wednesday it purchased Phase 1 of the Rio West Business Park in Tempe for $38.5 million.
BOJ chief denies resignation over controversial investment (Kyodo via Yahoo! Asia News)
_ Bank of Japan Governor Toshihiko Fukui reiterated Thursday he will remain in his post, brushing off lingering calls for his resignation over a controversial investment.
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at October 31, 2006 (SYS-CON Media)
Kayne Anderson MLP Investment Company (the'Company') (NYSE: KYN) today announced its net asset value at October 31,2006.
Khaleej Finance and Investment explores opportunities in India (AME Info)
Speaking after a visit to India Mr. Nabil Hadi, Chief Executive Officer, Khaleej Finance and Investment (KFI), stated that India is today one of the most important preferred destinations for Foreign Direct Investment in the world.
China c.bank sees risk of investment rebound (Reuters via Yahoo! Asia News)
BEIJING, Nov 2 (Reuters) - Tightening by the central bank has already succeeded in slowing China's economic growth, but there is a risk that fixed-asset investment will rebound, Su Ning, a deputy governor of the People's Bank of China, said on Thursday.
Al Baloushi - Abu Dhabi: Capital of choice for long-term investment in the Middle East (AME Info)
The long-term stable economic outlook, growth in FDI, strength of the UAE's banking sector and expected increase in nominal GDP (Gross Domestic Product) make Abu Dhabi one of the best opportunities for long-term investment in the Middle East according to Rashed Al Baloushi, Acting Director General of Abu Dhabi Securities Market (ADSM).
Dubai World reaffirms commitment to developing the investment environment in Dubai (AME Info)
In line with Dubai World's objectives of seeking promising investment opportunities in the region and enhancing its logistics capabilities, Jamal Majid Bin Thaniah, Deputy Chairman of Dubai Ports World and the Jebel Ali Free Zone - Dubai World has confirmed that the Emirate of Dubai will spare no effort for creating a highly favorable investment environment.
Sinosure helps enterprises realize 60 bln USD export, overseas investment (People's Daily)
China Export & Credit Insurance Corporation (Sinosure) supports and helps Chinese enterprises realize more than 60 billion US dollars of export and overseas investment during past five years, said a Sinosure official here on Thursday.
Int'l contracts with total investment of 5.845 bln USD inked at China-ASEAN Expo (People's Daily)
Businessmen have signed 132 international cooperation projects involving investment of 5.845 billion US dollars by the press time at the ongoing Third China- ASEAN Expo, up 10.47 percent from the figures of last year's Expo.
(AFX UK Focus) 2006-11-02 11:57 GMT: Morgan Stanley buys 19 pct stake in UK investment firm Lansdowne Partners (Interactive Investor)
LONDON (AFX) - Morgan Stanley's Investment Management unit said it has bought a 19 pct stake in UK-based investment manager Lansdowne Partners, the third such acquisition it has announced in as many days.
World Business Giants Consider Investment in Turkey (Zaman Online)
Turkey is hosting the biggest foreign investors group in its history. Investment giants representing nearly one fifth of global funds silently slipped into Turkey on Tuesday.
Lizama drops BOS' suit vs investment firm (Saipan Tribune)
The Superior Court has dismissed the Bank of Saipan's lawsuit against U.S.-based investment firm D.A. Davidson & Co., saying that the bank's allegations against Davidson “do not set forth the elements of fraudulent misrepresentation.”
Moldovan President meets Vice President of European Investment Bank (Moldova.org)
Moldovan President Vladimir Voronin has met Vice President of the European Investment Bank (EIB) Sauli Niinisto, the presidential press service has said. President Voronin welcomed the signing of the agreement on collaboration between the EIB and the Moldovan government, and highlighted the importance of launching the activity of this prestigious bank in our country. The EIB's presence in Moldova
2006 PRIVATE INVESTMENT TARGET IN SIGHT: MOEA (Central News Agency)
Taipei, Nov. 2 (CNA) Private investment in the first nine months of this year has reached NT$774.05 billion, indicating that the projected annual domestic investment goal of NT$903.2 billion can be realized by year's end, a spokesman for the Ministry of Economic Affairs (MOEA) said Thursday.
State Street names global investment vice president (bizjournals.com via Yahoo! Finance)
State Street Corp. said Thursday the company has appointed John L. Klinck, Jr. to a newly created role as executive vice president and head of Global Investment Product Services.
Apartment Investment 3Q Profit Up (AP via Yahoo! Finance)
Apartment Investment and Management Co., a real estate investment trust focused on apartment units, said Thursday third-quarter results improved, helped by higher revenue from properties owned at least a year.
Kuwait refinery investment in Louisiana would be nearly $10 billion (The Times)
BATON ROUGE – The Kuwait state-owned oil company’s investment in an oil refinery would be between $8 billion and $10 billion.
Kuwait investment in proposed refinery in Louisiana would be up to $10 billion (The Town Talk)
BATON ROUGE – The Kuwait state-owned oil company’s investment in a proposed oil refinery in Louisiana would be between $8 billion and $10 billion, state officials said today.
Investment Technology 3Q Profit Rises (AP via Yahoo! Finance)
Investment Technology Group Inc., a provider of automated equity trading services to brokerages, posted a 39 percent increase in third-quarter profit on growth in commissions and international expansion.
Legacy Hotels Real Estate Investment Q3 2006 Earnings Conference Call At 2:00 PM (Nasdaq)
(RTTNews) - Legacy Hotels Real Estate Investment (LGY-UN.TO) will host a conference call at 2:00 pm, to discuss its Q3 2006 earnings results. To participate in the live call, dial 416-641-6105 (US) or 1-866-696-5895 (Int'l).
(AFX UK Focus) 2006-11-02 18:27 GMT: Lowland Investment Co FY NAV up 16.5 pct to 915.7p (Interactive Investor)
LONDON (AFX) - Lowland Investment Co PLC said that during the year to Sept 30 2006 the company's net asset value rose from 785.8 pence to 915.7 pence, an increase of 16.5 pct.
Canadian Investment Banks May Suffer From Trust Market Demise (Bloomberg.com)
Nov. 2 (Bloomberg) -- RBC Capital Markets, CIBC World Markets and other investment banks and law firms may suffer from the Canadian government's move to shut down income trusts, which accounted for a third of new equity sales this year.
African, Chinese Leaders Urge New Investment Ties at Beijing Summit (Voice of America)
Some 40 African heads of state are gathering in Beijing for a summit with Chinese leaders that many hope will mark a new phase in relations. African leaders are hoping to see increased trade and investment, while experts say China is seeking new sources of raw materials.
Legacy Hotels Real Estate Investment Trust Reports Third Quarter Results (SYS-CON Media)
Legacy Hotels Real Estate Investment Trust ('Legacy') (TSX: LGY.UN) today announced its unaudited financial results for the three and nine months ended September 30, 2006. All amounts are in Canadian dollars unless otherwise indicated.
State Street Corp. names global investment vice president (bizjournals.com via Yahoo! Finance)
State Street Corp. said Thursday the company has appointed John L. Klinck, Jr. to a newly created role as executive vice president and head of Global Investment Product Services.
World Business Giants Consider Investment in Turkey (Zaman Online)
Turkey is hosting the biggest foreign investors group in its history. Investment giants representing nearly one fifth of global funds silently slipped into Turkey on Tuesday.
Aker Kvaerner to up Malasia investment to $77 mln (Reuters via Yahoo! Asia News)
OSLO, Nov 3 (Reuters) - Norwegian engineering group Aker Kvaerner said on Friday it will double its investment in Malaysia to 500 million Norwegian crowns ($77.38 million) because of fast growth in the subsea oil production market.
Investment group buys Penton Media (The Plain Dealer)
An investment team led by New York business mogul Bruce Wasserstein has agreed to buy Cleveland-based Penton Media Inc. Prism Business Media Holdings Inc. plans to pay $194 million in cash for the publisher and trade show organizer and assume more than $300 million of the company's debt.
Pension fund monitor recommends new investment policy statement (Observer-Reporter)
The new monitor of the Washington County employees' pension fund recommended that the county retirement board draft a new investment policy statement for adoption in February.