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Investment News 12/2006



Arthur Penn Is Departing Apollo Investment Corporation to Pursue Entrepreneurial Opportunities and Is Succeeded by (SYS-CON Media)
John Hannan, Chairman and Chief ExecutiveOfficer of Apollo Investment Corporation (NASDAQ: AINV), today announcedthat James Zelter, currently a member of the investment committee of themanagement company of AINV, was elected President and Chief OperatingOfficer of AINV succeeding Arthur Penn. Mr. Zelter will also remain in hisrole as Managing Partner of Apollo Management's capital markets
RUXX investment index set to open 1.06% up (Russian Information Agency Novosti)
MOSCOW, December 1 (RIA Novosti) - Russia's investment index will open Friday at 751.3 points, up 1.06% on the previous day's trading, following Thursday evening's sessions on major world trading floors.
Brook Park firm draws $7.1 million investment (The Plain Dealer)
Five Star Technologies has received investment commitments of $7.1 million to further its development of specialty materials and products used in the high-tech computer chip and integrated circuit industries.
KZN plans investment marketing campaign (Independent Online)
Investment opportunities in KwaZulu-Natal have not been aggressively marketed enough overseas in the past, local businessmen have been told.
Intel investment boosts Vietnam’s tech profile (Fort Wayne Journal Gazette)
HO CHI MINH CITY, Vietnam – Intel Corp. could have selected any country to build its largest chip assembly and testing plant. But the world’s biggest semiconductor company decided to make the $1 billion investment in a relative newcomer to the high-tech game – Vietnam.
Libya to host African Investment Bank headquarters (AngolaPress)
Tripoli, Libya, 12/01 - The African Union (AU) Economy and Finance ministers` Council has picked Libya as the headquarters of the African Investment Bank, which is now under creation.
India, EFTA move towards trade and investment agreement (Yahoo! India News)
New Delhi, Dec 1 (ANI): India and the European Free Trade Association (EFTA) on Friday set up a Joint Study Group (JSG) to explore the possibility of entering into a broad-based trade and investment agreement. The agreement to establish the joint group was signed at a meeting of the EFTA Council, comprising the Member States Switzerland, Norway, Liechtenstein and Iceland, in Geneva today, said a
Call for more Driffield line investment after rail fares rise (Driffield Today)
COMMUNITY rail groups have called for investment to improve services on the railway which serves the Driffield area, after new fare increases were announced. (01/12/2006 11:16:19)
Call for more Driffield line investment after rail fares rise (Beverley Today)
COMMUNITY rail groups have called for investment to improve services on the railway which serves the Driffield area, after new fare increases were announced. (01/12/2006 11:16:19)
(AFX UK Focus) 2006-12-01 10:57 GMT: Speymill Macau Property makes 116.5 mln usd maiden investment in Macau property (Interactive Investor)
LONDON (AFX) - Speymill Macau Property Company PLC, the Macau-focused residential investment property company, said it has bought 243 residential units in a waterfront project for 116.5 mln usd, its first investment in the country.
Moving into an investment property (Bankrate.com)
Dear Tax Talk, If as a result of a divorce, I move into a house that was an investment property (rental) which was obtained in 2004 through a 1031 exchange, what taxes will I incur?
Eurocastle Investment Limited: Exercise of Over-Allotment Option for Eurocastle Investment Limited (Presseportal)
Guernsey (ots) - Eurocastle Investment Limited (the "Company") announces that Deutsche Bank AG has given notice that it is exercising, as stabilising manager, the over-allotment option over 1,621,622 ordinary shares (the "Over-Allotment ...
Eurocastle Investment Limited: Exercise of Over-Allotment Option for Eurocastle Investment Limited (FinanzNachrichten)
Eurocastle Investment Limited (the "Company") announces that Deutsche Bank AG has given notice that it is exercising, as stabilising manager, the over-allotment option over 1,621,622 ordinary shares (the "Over-Allotment Shares") referred to in the prospectus issued by the Company on 1 December 2006 relating to the offering of 16,216,216 ordinary shares in the Company.
Western economy drives third-quarter investment in residential construction (Canadian Business)
OTTAWA (CP) - The strong Western economy helped drive investment in residential construction up 7.6 per cent in the third quarter from the same period a year ago.
Russia posts communications sector investment (RosBusinessConsulting)
RBC, 01.12.2006, Moscow 17:20:24. Foreign investment into the Russian communications sector amounted to $3.875bn in January-September 2006, the Federal Statistics Service (Rosstat) reported.
NBSC honoured at Canadian Investment Awards (Investment Executive)
The New Brunswick Securities Commission received the award for Best New Initiative from the Canadian Investment Awards in Toronto last night.
Libya to host African Investment Bank headquarters (africast.com)
TRIPOLI, December 01 -- The African Union (AU) Economy and Finance ministers' Council has picked Libya as the headquarters of the African Investment Bank, which is now under creation.
NBSC honoured at Canadian Investment Awards (Investment Executive)
The New Brunswick Securities Commission received the award for Best New Initiative from the Canadian Investment Awards in Toronto last night.
India, EFTA to explore trade and investment pact (Islamic Republic News Agency)
India - EFTA - Investment Pact After agreeing to discuss a trade and investment pact with the European Union, India today decided to explore the possibility of a similar agreement with four non-EU nations, including Switzerland and Norway.
BOARD OF INVESTMENT Dow Chem to apply for privileges (The Nation)
US-based Dow Chemical, a leading chemical and plastics manufacturer, has announced its intention to apply for Board of Investment (BoI) incentives based on US$900 million (Bt32.28 billion) it plans to invest in Thailand.
COMMISSION PLAN SEC backs direct investment abroad (The Nation)
The Securities and Exchange Commission (SEC) will study the possibility of adopting depository receipts (DRs) as an instrument for local retail investors to engage in direct investment abroad.
Gujarat IT summit nets Rs 11067 cr investment (Business Standard India)
Narendra Modi's vision to see Gujarat being counted a major IT hub of the country received a boost as 19 companies signed MoUs to total an investment of Rs 11,067 crore today.
Investment Auction Co Seeks JV (Fund Action)
Financial Foundry , founded by former Warburg Pincus Funds president Gene Podsiadlo , is seeking a joint venture or partnership with a mutual fund firm to develop an investment around Podsiadlo's patented auction process.
Citadel paid out investment costs of $5.5bn (Financial Times)
Wall Street and the City's reliance on a handful of hedge funds was illustrated by the disclosure that Citadel Investment Group paid more than $5.5bn (£2.8bn) in interest, fees and other investment costs last year.
Investment Planning Counsel Inc. Reports November 2006 Mutual Fund Sales (SYS-CON Media)
Counsel Group of Funds, Inc., a division of Investment Planning Counsel, Inc., today reported preliminary mutual fund sales and assets under management for the month ending November 30, 2006 as follows:
Pee Dee Workforce Investment Board wins honors (Florence Morning News)
FLORENCE — The Pee Dee Workforce Investment Board (WIB) recently received several honors from the 2006 Governor’s State Workforce Investment Board.
Govt expects USD 6 bn investment in textile sector this year (New Kerala)
Mumbai, Dec 1: The Centre today said that USD 6 billion is the estimated investment in the textile sector for year 2006.
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at November 30, 2006 (SYS-CON Media)
Kayne Anderson MLP Investment Company (the'Company') (NYSE: KYN), today announced its net asset value at November 30,2006.
Law and order situation not to impact investment: Deshmukh (New Kerala)
Mumbai, Dec 1: The violent protests in Maharashtra and the law and order situation in the state in the recent past will have no adverse impact on inflow of foreign investment into the state, Chief Minister Vilasrao Deshmukh said here today.
Gujarat IT summit nets Rs 11,067 cr investment (rediff.com)
Narendra Modi's vision to see Gujarat being counted a major IT hub of the country received a boost as 19 companies signed MoUs to total an investment of Rs 11,067 crore (Rs 110.67 billion) on Friday.
State makes sales pitch for Chinese investment (Pioneer Press)
State trade officials spent Friday on a new mission to attract investment from China into Minnesota. A delegation of 17 people led by Yu Ping, the No. 2 man at the Beijing-based China Council for the Promotion of International Trade, listened to a "buy into Minnesota" sales pitch and visited Fridley-based Medtronic. Minnesota's trade office has worked with the council for years and tried to boost
Global Investment House and Commercial Bank of Kuwait sign a MoU to finance investors in Mayadeen's Capital increase (AME Info)
Global Investment House 'Global' and Commercial Bank of Kuwait 'CBK' announced today the availability of loans for all investors interested in investing in National Ranges Company's 'Mayadeen' capital increase to KD100 million.
India, EFTA to explore trade and investment pact (Financial Express)
NEW DELHI, Dec 2 (PTI): After agreeing to discuss a trade and investment pact with the European Union, India yesterday decided to explore the possibility of a similar agreement with four non-EU nations, including Switzerland and Norway.
Garanti Bank Gives Best Investment Management Services (Zaman Online)
Garanti Bank’s online service was awarded the best bank in investment management service by Global Finance, an American finance magazine.
India now riding investment boom: Chidambaram (New Kerala)
Madurai, Dec 3: Claiming that India is riding an "investment boom" whose growth had touched 57 per cent, Finance Minister P Chidambaram today said this should be maintained for the next four to five years to sustain economic growth of eight to nine per cent.
India is riding investment boom: FM (Business Standard India)
Claiming that India is riding an "investment boom" whose growth has touched 57%, Finance Minister P Chidambaram today said this should be maintained for the next four to five years to sustain economic growth of 8 to 9%.
Words from the wise on investment choices (Boston Globe)
Aside from professional traders, speculators, and hobbyists, I think most people invest only when they have to.
BP TO SPEND $13 MILLION ON SOCIAL INVESTMENT PROJECTS (AzerTag)
BP-Azerbaijan company is planning to spend $13,557 million this year on social investment projects. Of this amount, $557 thousand were spent within ACG project, $85 thousand within Shahdeniz project, $5,013 thousand within BTC-SCP project and $989 thousand on other BP projects in 1-3 quarters.
Sharjah Investment Center moves toward more development and growth (AME Info)
SNASCO, the Saudi - Emirati alliance, and developers of the Sharjah Investment Center (SIC), announced that they are moving forward to consolidate its presence and widen its projects in UAE.
Investment in Harris has paid off for 49ers (San Francisco Chronicle)
While Larry Allen is headed for the Pro Football Hall of Fame one day and Antonio Bryant is the erstwhile No. 1 receiver, the fact is cornerback Walt Harris is the most valuable free agent acquisition of Mike Nolan's two-year tenure as 49ers coach. And...
UAE realty firm to highlight investment potential in Ras Al Khaimah (Gowealthy)
RAK Properties, the largest real estate developer in Ras Al Khaimah, UAE, will emphasize on investment opportunities in the real estate in Ras Al Khaimah at Cityscape Dubai 2006, the premier property investment and development event in the Middle East.
China needs FX investment agency-economists (Reuters via Yahoo! Asia News)
SHANGHAI, Dec 3 (Reuters) - China needs to set up a state-run investment agency to manage better the country's $1 trillion in foreign exchange reserves, two senior government economists said on Sunday.
Sustainable growth requires investment: Chidambaram (Yahoo! India News)
Madurai (Tamil Nadu), Dec 3 (IANS) Finance Minister P. Chidambaram Sunday said investment was the only instrument to sustain India's current economic growth rate of over 8 percent for the next 10-15 years.
Sustainable growth requires investment: Chidambaram (New Kerala)
Madurai (Tamil Nadu), Dec 3: Finance Minister P. Chidambaram Sunday said investment was the only instrument to sustain India's current economic growth rate of over 8 percent for the next 10-15 years.
First Gen eyes Middle East as potential investment site (ABS-CBNNEWS.com)
First Gen Corp., the power generation arm of the Lopez group, is eyeing the Middle East as one of its potential international investment sites, a ranking company official said.
India now riding investment boom (Central Chronicle)
Madurai, Dec 3: Claiming that India is riding an "investment boom" whose growth had touched 57 per cent, Finance Minister P Chidambaram today said this should be maintained for the next four to five years to sustain economic growth of eight to nine per cent.
Mack-Cali withdraws from Reckson (AP via Yahoo! News)
Mack-Cali Realty Corp., a New York-area real-estate investment trust, has withdrawn from a group seeking to buy rival Reckson Associates Realty Corp., according to Reckson.
`India is current investment hotspot' (The Hindu)
India is now the hotspot for investment. According to FDI Survey 2006, conducted by FICCI, 70 per cent of foreign investors are making profits from their Indian operations and 83 per cent are considering expansion of business.
Brandes Investment Partners & Co. announces changes to mutual fund line-up (CNW Group via Yahoo! Finance)
Brandes Investment Partners & Co. , the manager of the Brandes Funds, today announced that it will be adding a new low load sales charge option in respect of the Class A units of the Brandes Funds, and that it is making a number of changes to the Brandes Canadian Balanced Fund including: changing the name, appointing Sionna Investment Managers Inc. as an additional investment advisor on the
FOREIGN INVESTMENT IN VIETNAM TIPPED TO HIT US$9 BLN IN 2006 (Asia Pulse via Yahoo!7 Finance)
Vietnam A senior official estimated that foreign direct investment in Vietnam in 2006 would rise 31.7 per cent from the previous year to US$9 billion, hitting the all-time high since 1987 when the foreign investment law was enacted.