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Investment News 01/2007



Commercial property investment warning before Reits’ launch (The Herald)
Returns from commercial property investment could crash by 50% this year, just as a wave of new investors is attracted to Real Estate Investment Trusts (Reits) which arrive this month.
Technology: Investment ramped up, but industry still looks for its 'center' (BizJournals)
Tampa Bay area tech companies reaped a large portion of investment dollars this year. Acquisitions were made to help realize innovations and create large profit margins that many Tampa Bay techies predict for a long time to come.
Investment firm merger joins veterans with new generation (BizJournals)
Two well-known Houston investment advisory firms are set to merge in a deal that will create a new entity with more than $750 million in assets under management.
Chen Says Taiwan Not Part of China, Investment Limits to Stay (Bloomberg.com)
Jan. 1 (Bloomberg) -- Taiwan is a sovereign state that doesn't belong to China, Taiwanese President Chen Shui-bian, said in his New Year's Day speech, and restrictions on investment on the mainland will stay.
Vietnam’s WTO accession to spur European investment interest (Nhan Dan)
Foreign investments including those from Europe are likely to be poured into Vietnam as the investment community is increasingly confident in new business opportunities after Vietnam has become the newest member of the World Trade Organisation (WTO), says Oliver Massman, a member of the management board of European Chamber of Commerce (Eurocham) in Vietnam.
CEPD TO KICK OFF MAJOR DOMESTIC INVESTMENT PLANS: CHAIRMAN (Central News Agency)
Taipei, Jan. 1 (CNA) In response to President Chen Shui-bian's four economic goals set in his New Year's Day speech for 2007, the Council for Economic Planning and Development (CEPD) is set to launch major investment plans around Taiwan, CEPD Chairman Hu Sheng-cheng said Monday.
BHEL plans Rs 3,200 cr investment for expansion (The Hindu)
NEW DELHI: Kicking off the New Year on a big note, state-owned engineering major BHEL on Monday announced an investment of Rs 3,200 crore in the 11th Plan to expand its equipment manufacturing capacity to 15,000 MW annually.
Rowe Furniture Company to be sold to private investment firm (WDBJ 7 Roanoke)
A federal judge has cleared the way for Rowe Furniture Company to be sold to a private investment firm. The judge authorized McLean-based Rowe Furniture and Sun Capital Partners' affiliate, Lexington-Rowe Furniture, to move forward with the proposed purchase of Rowe.
Foreign investment in Israel $23.7b in 2006 (Globes Online)
Foreign investment last year was 2.4 times the total in 2005.
Investment projects still on track despite political turmoil (The Nation)
Despite the country's unstable economic and political situation, both local and foreign firms are proceeding with their investment projects here this year.
Business Awards 2006 winners: Barclays Personal Investment Management (The Evening Telegraph)
BARCLAYS Personal Investment Management (BPIM) team was overwhelmed to win the Community Award 2006.
Orra keen on strategic investment in Tanishq (Business Standard India)
Orra, a part of the $1.7-billion jewellery group Rosy Blue, is hunting for strategic investment and Titan Industries’ jewellery business, Tanishq, tops its wishlist.
Real Estate Investment Trusts: Rent or Buy? (SeekingAlpha via Yahoo! Finance)
Stockerblog submits: Real Estate Investment Trusts [REITs ] avoid double taxation and their yields can be fairly high. As long as REITs distribute at least 90% of taxable income to shareholders, they are not subject to federal income tax - thus making them an attractive option for investors.
Nissan to build plant in India with $500m investment (Gulf News)
Tokyo: Nissan Motor Co will build a 200,000 unit-a-year car factory in India with an initial investment of 50 to 60 billion yen ($420 to $500 million), a newspaper said yesterday.
Dines authors Investment Letter of The Year 2006 (Market Watch)
NEW YORK (MarketWatch) -- James Dines' The Dines Letter is our Investment Letter of the Year 2006.
SKorean govt to change rules to promote investment abroad (Sharewatch)
Kwon urged financial institutions to improve their competitiveness through active investment overseas. "The government will help local funds improve their ability dramatically to invest abroad," he told reporters.
Investment promotion activities to be further intensified (Nhan Dan)
The Ministry of Planning and Investment (MPI) plans to intensify activities to attract more foreign investment in 2007, using new approaches and methods.
Private equity investment in India tripled in 2006 (Reuters via Yahoo! Asia News)
MUMBAI, Jan 2 (Reuters) - Private equity investment in India more than tripled in 2006 as global heavyweights like Kohlberg Kravis Roberts & Co [KKR.UL ] and UK-based 3i bought into growing companies.
(AFX UK Focus) 2007-01-02 13:03 GMT: Spazio Investment buys northeast Italy real estate assets for 32 mln eur (Interactive Investor)
LONDON (AFX) - Industrial real estate investment company Spazio Investment NV said its unit Spazio Industriale recently bought several real estate assets in northeast Italy for a total of 32 mln eur.
Barry Sternlicht to Chair the International Hotel Investment Forum in Berlin, Germany (Hospitality Net)
BERLIN, Germany: Hosts of the 10th International Hotel Investment Forum (IHIF) have announced that Barry Sternlicht, chairman and CEO of Starwood Capital, will chair the event, scheduled for 5-7 March 2007 at the InterContinental Hotel in Berlin, Germany. IHIF is hosted by Questex Media and Burba Hotel Network (BHN).
Deutsche Bank Hires Peter Babej as Head of Insurance Investment Banking for the Americas (CNW Group via Yahoo! Finance)
Deutsche Bank Securities Inc. today announced that Peter Babej has joined the Financial Institutions Group as Head of Insurance Investment Banking for the Americas. He will also chair Deutsche Bank's newly constituted Global Insurance Committee within FIG.
Zimbabwe: New Investment Law Takes Effect (AllAfrica.com)
THE Zimbabwe Investment Authority Act is now in operation after President Mugabe fixed January 1, 2007 as the date on which the law comes into force.
Deutsche Bank hires new head of insurance investment banking for the Americas (Investment Executive)
Peter Babej has joined Deutsche Bank Securities Inc.’s Financial Institutions Group as head of insurance investment banking for the Americas, the bank announced on Tuesday.
InnVest Real Estate Investment Trust announces completion of internal reorganization (CNW Group via Yahoo! Finance)
InnVest Real Estate Investment Trust announced today that it has completed an internal reorganization of InnVest REIT and its subsidiaries, as previously approved by unitholders on May 17, 2006.
Business chiefs plead for A12 investment (The Business EDP 24)
Major improvements to the A12 between Lowestoft and Ipswich are essential to ensure future investment in the Waveney area, according to business leaders.
Argentina Beef Sector Investment Down 33% In 2006 (CattleNetwork.com)
BUENOS AIRES (Dow Jones)-- Argentina ’s beef producers reduced investment by $300 million in 2006, down 33% from a year earlier, as the result of government intervention designed to keep down domestic beef prices, according to the Argentine Rural Society, or SRA.
Uganda: Investment Bill in Offing (AllAfrica.com)
THE Investment Bill will soon be tabled before Cabinet, the Uganda Investment Authority's (UIA) executive director has said.
Investment banks to pick up 11% in Core Projects (Business Standard India)
Three global investment majors will hold 10.8 per cent stake in Core Projects and Technologies (CPTL) after exercising an option to convert foreign currency convertible bonds (FCCBs) into stakes.
Two Lead Drug Development Programs Of MuriGen Therapeutics To Be Enhanced By AUD$5 Million Investment By Starfish ... (Medical News Today)
MuriGen Therapeutics, a drug discovery and development company originally spun-out from the Walter and Eliza Hall Institute of Medical Research, has announced the successful completion of a AUD$5 million investment by leading Australian venture capital firm, Starfish Ventures. [click link for full article]
Alleghany Completes Homesite Investment (AP via Yahoo! Finance)
Property and casualty insurance provider Alleghany Corp. said Tuesday that its Alleghany Insurance Holdings LLC subsidiary completed its $120 million investment in Homesite Group Inc.
BofA's investment bank sees two senior execs depart (bizjournals.com via Yahoo! Finance)
Bank of America Corp.'s corporate and investment bank saw two senior executives leave as part of a reorganization, Reuters reported Tuesday.
EGL Inc. Gets Buyout Bid From Chief, Investment Firm (Update6) (Bloomberg.com)
Jan. 2 (Bloomberg) -- EGL Inc., a manager of freight services for customers including Dell Inc., said Chief Executive Officer James Crane and an investment firm offered to take the company private in a $1.2 billion buyout.
This investment aimed at youngsters is a pricey lesson (Market Watch)
BOSTON (MarketWatch) -- There are plenty of good investment ideas that don't translate into good investments. The disconnect is in the execution.
VIETNAM'S TEXTILE SECTOR REGISTERS RISE IN FOREIGN INVESTMENT (Asia Pulse via Yahoo!7 Finance)
Textiles / clothing A recent push by the garment sector to boost advertising has resulted in a rise in foreign investment, according to the Vietnam Textile and Apparel Association.
Smart Growth Resource Library: City of Portland's Green Investment Fund -- 2007 (Smart Growth Online)
The Green Investment Fund (GIF) is a competitive grant program that supports innovative green building projects in Portland. In the current round of funding, a total of $420,000 is available and the maximum grant amount for any project is $225,000. Industrial, residential, commercial, and mixed-use public and private organizations may apply.
Investment group buys ITW Ride of Akron (Akron Beacon Journal)
An investment group with several transportation industry holdings is purchasing ITW Ride Quality Products from its parent company, employees at the Akron plant were told Tuesday.
Florham Park investment firm raises $530M (Daily Record)
GSC Group, an $18 billion investment firm that specializes in loans and bonds, raised $530 million for buying debt of troubled companies. GSC Recovery III will make investments in manufacturing and service-industry companies with market values of up to $1 billion.
Nigeria: Transcorp Takes Investment Drive to UK (AllAfrica.com)
Transnational Corpor-ation of Nigeria (Transcorp), Nigeria's mega corporation, will as from next week, take the centre stage in London, as it starts a three-day investment drive between January 12 to 14, 2007.
Malaysia Relaxes Bank Investment Rules (AP via Yahoo! Finance)
Malaysia on Wednesday eased investment rules for domestic banks, paving the way for possible international banking sector cooperation.
Alliance Investment Bank completes merger with KLCS (The Edge Daily)
Alliance Investment Bank Bhd (AIBB) has completed its merger with Kuala Lumpur Securities Sdn Bhd (KLCS), which would enable it to offer stockbroking services, enhancing its capability and position as a key player in the domestic and regional equities markets.
Aseambankers Now An Investment Bank (Bernama)
KUALA LUMPUR, Jan 3 (Bernama) -- Aseambankers Malaysia Bhd, the subsidiary Malayan Banking Bhd (Maybank), has on Dec 30, 2006 completed its transformation into an investment bank.
Aseambankers completes transformation into investment bank (The Edge Daily)
Aseambankers Malaysia Bhd, a subsidiary of Malayan Banking Bhd, is now an investment bank following the completion of the acquisition of Mayban Securities (Holdings) Sdn Bhd and the assets and liabilities of Mayban Securities Sdn Bhd andf Mayban Discount Sdn Bhd in November and December last year.
Hwang-DBS Securities gets green light to become investment bank (Channel NewsAsia)
MALAYSIA: Malaysia's Hwang-DBS Securities has received approval from Malaysian regulators to become an investment bank. The transformation into an investment bank is expected to be completed by the first quarter of this year when it gets its merchant bank license.
New life for Sontra following equity investment deal (bizjournals.com via Yahoo! Finance)
Less than a week after Sontra Medical Corp. said it planned to cease operations and voluntarily delist from Nasdaq, a new equity investment agreement has given the medical device maker another chance.
Investment Dealers Association fines, bans ex-CIBC broker for misconduct (Canadian Business)
TORONTO (CP) - The Investment Dealers Association of Canada has fined and imposed a five-year suspension on a former broker at CIBC Investor Services (TSX:CM) for misconduct involving client funds.
Two execs leave BofA's investment bank (BizJournals)
Two senior executives have left Bank of America Corp.'s corporate and investment bank as part of a reorganization, Reuters reports.
Riley Investment pressures MAIR for better deal on Mesaba (Los Angeles Business)
Riley Investment Management, an investment firm with a 5.2 percent stake in MAIR Holdings Inc., is trying to pressure the company into pursuing a better deal for the sale of Mesaba Airlines.
Investment in auto component sector up at Rs 7646 cr (The Economic Times)
CHENNAI: Auto component sector is flooded with investment proposals thanks to buoyant domestic market conditions and the MNCs stepping up their outsourcing from India. In the last 3 years alone, outstanding investment in the sector surged by a staggering 93%.
Investment opportunity is high in Orlando (Orlando Sentinel)
Orlando ranks among the top 10 office markets for investment opportunity in the country, according to a report out this week by Grubb & Ellis, the big Chicago-based integrated real estate service company.
(AFX UK Focus) 2007-01-03 18:05 GMT: Lorien says Eaglet Investment Trust sells 14.69 pct stake (Interactive Investor)
LONDON (AFX) - Lorien PLC said Eaglet Investment Trust PLC has sold its entire stake of 2,736,400 ordinary shares in the company, representing 14.69 pct. The buyer was not disclosed.