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Investment News 05/2007



International Investment Bank acquires USD98 Million German commercial property portfolio (AME Info)
International Investment Bank (IIB), a globally focused investment bank based in Bahrain, announced its acquisition of a high quality portfolio of commercial real estate properties in Munich, Germany, valued at US$98 million.
Emirates Investment Services brings fresh perspective to asset management (AME Info)
Emirates Investment Services (EIS) Asset Management, a company created to cater to the diverse client base served by its main stakeholders, Emirates Bank International and Emirates Islamic Bank, was launched yesterday during a gala dinner at the Arabian Court, One & Only Royal Mirage in Dubai.
Investment home sales plummet (Chicago Sun-Times)
The National Association of Realtors said investment home sales tumbled 28.9 percent to 1.65 million in 2006 from a record 2.32 million in 2005. The median price of an investment property dropped 18 percent to $150,000.
Investment group will buy Eagle Hospitality (The Cincinnati Enquirer)
COVINGTON - In a $680 million deal, hotelier Eagle Hospitality Properties Trust agreed Monday to be taken over by an investment group led by Apollo Real Estate Investment Fund.
behind China's surge: strategy, development, investment, competition, challenge, conflicts (cmi santiago)
explore key investment, development, and business issues of China and its implications to the world.
Industry experts predict blue skies ahead for regional and global hospitality sector | Middle East Investment Goes ... (Hospitality Net)
Dubai | More than 1,000 delegates and speakers gathered at Madinat Jumeirah Convention Centre in Dubai yesterday at the third Arab Hotel Investment Conference, underlining the buoyancy of the hotel sector both in the region and globally.
Japan unveils increased Middle East investment at Arabian Travel Market (AME Info)
The Japan Cooperation Centre for the Middle East (JCCME) today unveiled plans for increased Japanese investment in the region at the Arabian Travel Market (ATM) 2007, the region's premier travel and tourism event.
Canadian investment firm to acquire Seasongood & Mayer (bizjournals.com via Yahoo! Finance)
RBC Capital Markets, the investment banking arm of the Royal Bank of Canada, has signed an agreement to acquire Seasongood & Mayer LLC, an investment banking firm specializing in municipal and school-district bond deals.
DIC unit makes 'substantial investment' in HSBC (Sharewatch)
Further details wer not disclosed. The investment was made by NewDawn GSE Asset Management Ltd, itself a unit of DIC Asset Management as well as the "general partner" for the 2 bln usd Global Strategic Equities Fund (GSEF), DIC said in a statement.
Quigley hires investment bank (BizJournals)
The Quigley Corp. said Tuesday it has retained CRT Capital Group LLC as its financial advisor and investment banker.
Ghana: Country Investment Forum to Promote SMEs, Others (AllAfrica.com)
THE GHANA Investment Promotion Centre (GIPC) has launched this year's Ghana Investment Forum to showcase investment successes in Ghana and highlight policies and programmes put in place to make the country attractive to domestic and international investors.
Iran gives green light to $3b foreign investment (Payvand Iran News)
The Organization for Investment, Economic and Technical Assistance of Iran has issued permits for five foreign investment plans worth $3.019 billion from March 21 to April 21. -MNA
It's hard to get the wood on managed investment schemes (Sydney Morning Herald)
Alan Kohler on the fate that awaits horticultural managed investment schemes.
OSFI to be lax on equity investment limits in new accounting standards (Investment Executive)
The Office of the Superintendent of Financial Institutions issued a notice indicating that it will not punish violations of equity investment limits caused by the adoption of new accounting standards.
Restore labour-sponsored investment funds - or else: VC group (CanadaIT.com)
The Canadian Retail Venture Capital Association urged Ontario's finance committee to restore the labour-sponsored investment fund tax credit and look into developing new funding for early-stage innovative companies, or else see innovation in the province suffer.
US Chamber: Weak Investment Is Worrisome For US Economy (Nasdaq)
WASHINGTON -(Dow Jones)- Weak business investment, not a soft housing market, is the area of the U.S. economy most likely to drag it into recession, the U.S. Chamber of Commerce's top economist said Tuesday.
Sprinturf sold to investment group (BizJournals)
Artificial turf maker Sprinturf said Tuesday it has been bought out by an investment group that also provided it with growth capital.
View of the Day: Investment grade bonds (Financial Times)
What are expensive, rapidly losing popularity and increasingly fraught with risk? The answer, says Edward Marrinan, credit strategist at JPMorgan, are investment grade bonds.
OSFI to be lax on equity investment limits in new accounting standards (Investment Executive)
The Office of the Superintendent of Financial Institutions issued a notice indicating that it will not punish violations of equity investment limits caused by the adoption of new accounting standards.
Sub-Saharan Africa confident it can attract investment (Financial Times)
Investment bankers are grappling with a novel challenge: explaining to potential investors that exotic places such as Abuja and Accra, the capitals of Nigeria and Ghana, are among the new frontiers in the inter national capital markets.
Property investment hits highs (Daily Telegraph)
INVESTMENT in property is back in favour as data shows record lending levels during April 2007 as people bet on a stronger property market in 2007.
Property investment soars (Perth Now)
INVESTMENT in residential property is back in favour with record investment during April as people bet on a stronger property market and capital gains in 2007.
Oriental Investment in $86 mln share sale (Reuters via Yahoo! Asia News)
HONG KONG, May 2 (Reuters) - Oriental Investment Corp. is in a share placement worth up to US$86 million, according to a term sheet on Wednesday.
Credit Suisse Profit Climbs 5% on Investment Bank (Update2) (Bloomberg.com)
May 2 (Bloomberg) -- Credit Suisse Group, Switzerland's second-largest bank, said first-quarter profit rose 5 percent, buoyed by revenue from investment banking.
CSR Announces Strong Q1 Results and Increased R&D Investment (FinanzNachrichten)
CSR plc today announced its unaudited results for the quarter ended 30 March 2007. Revenues were up to $160.1m (19% higher than same quarter in 2006); and gross margins were 45.1% (compared with 46.4% for Q1, 2006). The company made a marked increase to its R&D investment of $33.2m (up from $22.4m in Q1, 2006). The company ' s design win momentum remained strong across all applications, with ...
Malaysian entrepreneurs seek more trade, investment in Myanmar (People's Daily)
A 26-member Malaysian entrepreneurs' delegation will visit Myanmar next week to seek more trade and investment opportunities in the country.
Yale investment officer offers two tips (Daily Record)
Unusual investments --hedge funds, for example, instead of just stocks and bonds -- can do wonders for investment portfolios, but you must be choosy. Look for managers determined to be winners, not out just make money for themselves --"people who have a screw loose."
Gold ETF emerging as lucrative investment option (The Hindu)
NEW DELHI: Gold Exchange Traded Funds are fast emerging as a lucrative investment avenue apart from mutual funds, stocks and bonds, though they still need to go a long way to catch investors' fancy.
a rising China vs world: key lessons of entrepreneurship, history, culture, investment (cmi santiago)
What is behind China's surge? Understand key financial, investment, economic and political issues from a leading Chinese theorist George Zhibin Gu.
US investment bank faces SKorean tax audit (AFP via Yahoo! News)
Tax authorities have conducted an audit of the South Korean operations of US investment bank Goldman Sachs, the company said Wednesday.
American Home Mortgage Investment downgraded to "hold" (New Ratings)
NEW YORK, May 2 (newratings.com) - Analyst Greg Mason of AG Edwards downgrades American Home Mortgage Investment Corp ( AHMH.NAS ) from "buy" to "hold," while reducing his estimates for the company.
Investment decline stunts Cincinnati Financial's 1Q results (Cincinnati Business Courier)
Lower investment returns depressed revenues, but underwriting profits boosted first-quarter earnings above Wall Street's outlook for Cincinnati Financial Corp.
Minister of Finance Appoints New Directors to Canada Pension Plan Investment Board (Department of Finance Canada)
The Honourable Jim Flaherty, Minister of Finance, announced today the appointment of three new directors to the Canada Pension Plan Investment Board (CPPIB).
Cleantech investment is double-edged sword for entrepreneurs (Startups)
The boom in investment into ‘clean’ or energy efficient technology means entrepreneurs in the sector need to be more focused and original, it has been claimed.
Empire Subsidiary Pacific Rim Foods Ltd. Initiates Investment in Mach One Corporation (SYS-CON Media)
Empire Energy Corporation International (OTCBB: EEGC) announces that its subsidiary, Pacific Rim Foods Ltd ('PRF') hascompleted an initial strategic investment in Mach One Corporation ('MACH').The proceeds will be used by MACH to complete certain SEC filings andassist in the process of MACH's move to trading on the OTCBB. PRF and MACHwill jointly explore the opportunity to expand certain MACH ...
Diebold To Webcast Investment Community Conference (SYS-CON Media)
Diebold, Incorporated will hold its investment community conference on Thursday, May 17, with a live webcast available at (link) AP ...
PROPERTY SURVEY Condos look a good long-term investment (The Nation)
Purchasing a condominium unit as a long-term investment is emerging as an interesting option in the light of political and economic uncertainties, falling interest rates, the downturn of the stock market and falling yields of government bonds, says international property consulting firm CB Richard Ellis (CBRE).
Investment decline stunts Cincinnati Financial's 1Q results (bizjournals.com via Yahoo! Finance)
Lower realized investment gains depressed revenues, but underwriting profits boosted first-quarter earnings above Wall Street's outlook for Cincinnati Financial Corp.
China asked to freeze investment in Iran (AFP via Yahoo! News)
China should freeze investments in Iran and vigorously enforce UN sanctions against the Islamic republic for pursuing sensitive nuclear work, an ex-senior US official who crafted US policy on China said Wednesday.
CIBC Asset Management adds Hamon to its investment manager lineup (Investment Executive)
CIBC Asset Management Inc. has appointed Hamon Investment Management Ltd. as portfolio sub-advisor of the Talvest China Plus Fund and the Talvest Asian Fund.
Credit Suisse Names Raphael Asia Ex-Japan Investment Bank Head (Bloomberg.com)
May 3 (Bloomberg) -- Credit Suisse Group has appointed Paul Raphael as head of investment banking for Asia-Pacific excluding Japan, the company said. Raphael, 43, will replace Joseph Gallagher, who will focus on expanding the bank's takeover business.
UT, A&M get new investment chief (Houston Chronicle)
Bruce E. Zimmerman, the chief investment officer of Citigroup, was named president and chief executive of the investment group that handles money for the University of Texas System and the Texas A&M University System, UT officials announced Wednesday.
Hannover Re First-Quarter Profit Rises 17% on Investment Gains (Bloomberg.com)
May 3 (Bloomberg) -- Hannover Re, the world's fourth-biggest reinsurer, said first-quarter profit rose 17 percent as higher investment income helped cushion storm claims.
Two NI investment conferences (BBC News)
Two special investment Two special investment conferences involving Northern Ireand and American businesses are to be held.
Fort Lauderdale man pleads guilty in $13.2 million investment fraud (Sun-Sentinel)
Ray Allen Benton of Fort Lauderdale might have gotten away with a $13.2 million investment fraud if his victims hadn't included the mastermind of an unrelated scheme 3,400 miles away.
Two investment conferences for NI (BBC News)
Two special investment Two special investment conferences involving Northern Ireand and American businesses are to be held.
Spotfire Acquired for 195 MUSD - InnovationsKapital Makes a Return on investment of 9X in Cash (CRM Today)
The IT company Spotfire has been acquired by TIBCO, a US software company quoted on Nasdaq. As a result of the deal, InnovationsKapital's first fund, InnKap 1, can now be closed. The performance of this fund has been outstanding with investors receiving a return in excess of 7x on their investment.
Hannover Re Profit Rises 17% on Investment Gains, Tax (Update6) (Bloomberg.com)
May 3 (Bloomberg) -- Hannover Re, the world's fourth-biggest reinsurer, said first-quarter profit rose 17 percent as higher investment income and a lower tax rate helped cushion claims from winter storm Kyrill.
Affin Investment Bank Appoints New Chief Operating Officer (Bernama)
KUALA LUMPUR, May 3 (Bernama) -- Affin Investment Bank Bhd, the investment banking arm of the Affin Group, has appointed Chua Bee Chin as its new chief operating officer.
Southeast Asia says to spruce up investment pact (Reuters via Yahoo! Singapore News)
BANDAR SERI BEGAWAN, May 3 (Reuters) - Southeast Asian trade ministers agreed on Thursday to refurbish key business and investment policies to attract foreign investment in the face of challenges from giant neighbours India and China.