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Investment News 06/2007 (Page 5)



how to manage China, India: outsourcing, stock market, energy, investment, finance, trade (cmi valparaíso)
China and India are on the rise! explore vast investment, banking, outsourcing, consulting, education and business opportunities from a leading business strategist George Zhibin Gu.

Cigarette firm 'ethical' investment (The Courier Mail)
A COMPANY that makes a product linked to lung cancer is considered to be an ethical investment by some superannuation fund managers.

Global Steel plans $2.8 billion investment in Bangladesh (AFP via Yahoo! News)
United Arab Emirates-based Global Steel Holdings is planning to invest 2.8 billion dollars in Bangladesh's fast-growing economy, an official said Sunday.

Investment banks' shift to London gathers pace (Financial Times)
The power shift from New York to London in the investment banking and trading business continued this week as Merrill Lynch reorganised its top ranks and handed additional power to non-US based executives.

$2.3b investment offers from Non-Resident Bangladeshis (NRBs) across the globe (News From Bangladesh)
The BoI in a 13-day road show from May 25 to June 06 in Toronto, Canada, Birmingham and London, UK and Colon, Germany has attained the investment proposals from the NRBs.

Foreign investment rising in Solomons (AAP via Yahoo!7 News)
The rate of foreign investment in the Solomon Islands has increased sevenfold since the introduction of new legislation, the government says.

ConocoPhillips to Raise 2007 Investment (AP via Yahoo! Finance)
ConocoPhillips, the United States' third-largest oil company, expects to raise its investment in Asia-Pacific by 30 percent to US$1.4 billion this year, its top executive said Monday.

ConocoPhillips to Boost Asia Investment (AP via Yahoo! Finance)
ConocoPhillips, the United States' third-largest oil company, expects to raise its investment in Asia-Pacific by 30 percent to $1.4 billion this year, its top executive said Monday.

Investment Banking Fees In Asia Up 30% At End-May - Thomson (Nasdaq)
HONG KONG -(Dow Jones)- A rush of mergers and acquisition deals in Asia helped push total investment banking fees in the region for the January-May period up 30% from a year earlier, the latest data from Thomson Financial show.

Investment plan for millionaires (rediff.com)
High networth individuals have multiple investment avenues. A look at some of them.

ConocoPhillips to boost Asia investment (KXAN 36 Austin)
KUALA LUMPUR, Malaysia (AP) - The third-largest US oil company says it expects to raise its investment in Asia-Pacific by 30% this year.

Investment basics can help you avoid fraud (Sun-Sentinel)
Say somebody at your church or place of work tells you about these "can't lose" investment opportunities:

ConocoPhillips to boost Asia investment (KXXV Waco)
Associated Press - June 11, 2007 7:55 AM ET KUALA LUMPUR, Malaysia (AP) - The third-largest US oil company says it expects to raise its investment in Asia-Pacific by 30% this year.

NBD Investment Bank opens its AAFAQ investment funds to retail and institutional investors (AME Info)
NBD Investment Bank, the full service regional Investment Bank, today announced that its Asset Management division's Aafaq Investment Funds, which are UAE Dirham denominated, are now available for subscriptions from retail investors, corporations and institutional investors.

CORRECTED - UPDATE 1-Mittal group plans $2.9 bln Bangladesh investment (Reuters via Yahoo! Asia News)
(Corrects paragraph one to show that the companies involved are from the Mittal group conglomerate, not the Arcelor Mittal steel group) (Adds MOU signing, higher investment offer)

ConocoPhillips to boost Asia investment (KXAN 36 Austin)
KUALA LUMPUR, Malaysia (AP) - The third-largest US oil company says it expects to raise its investment in Asia-Pacific by 30% this year.

S3 Investment Company Announces Completion of Audit for Redwood Capital Reverse Merger Client Dalian Chuming Group (SYS-CON Media)
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced the completion of the audit for Redwood Capital reverse merger client, Dalian Chuming Group Co., LTD. Samuel H. Wong & Co. LLP, a leading certified public accounting firm with offices in the United States and Asia, conducted the audit work required for Dalian ...

Noble Investment Group Signs Definitive Agreement to Acquire and Convert Six AmeriSuites to Hyatt Place(TM) Hotels (SYS-CON Media)
Privately held Noble Investment Group (Noble), a leading investment management, operating and development organization in the lodging and hospitality industry, today announced that it has signed a definitive agreement to acquire six AmeriSuites hotels from an affiliate of Global Hyatt Corporation that will be converted to the new Hyatt Place(TM) brand by year's end. Additionally, Noble has ...

McVey Quits as Morgan Stanley Investment Strategist (Update1) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the company to join an undisclosed investment firm.

McVey Quits as Morgan Stanley Investment Strategist (Update3) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the second-largest securities firm to join an investment company.

CEOs of investment banks didn't make AP list (Minneapolis-St. Paul Star Tribune)
NEW YORK If you really want to get rich, work your way up the ladder at an investment bank. The AP evaluated pay for every Standard & Poor's 500 company that reported 2006 CEO compensation under expanded disclosure requirements. But the requirements only kicked in for companies with fiscal years ending after Dec. 15, so the AP's tally leaves out some of the nation's largest-earning CEOs, almost ...

Investment firm says Scottsdale owes it millions (Tucson Citizen)
A private investment firm says Scottsdale is on the hook for $10 million.

McVey Quits as Morgan Stanley Investment Strategist (Update5) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the second-largest securities firm to join an investment company.

Investment Firm Says Scottsdale Owes Millions (CBS 5 Phoenix)
A private investment firm says Scottsdale owes $10 million.

Afghan ambassador calls for investment (UPI)
Said T. Jawad, the Afghan envoy to the United States, has called for more Western investment in his country.

McVey Quits as Morgan Stanley Investment Strategist (Update7) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the second-largest securities firm to join an investment company.

Chrysler Group to Announce Kenosha Investment Plans (The Auto Channel)
- New "Phoenix" V-6 engine is key part of company's $3 billion powertrain offensive - Kenosha investment part of Chrysler Group Recovery and Transformation Plan What: Chrysler Group will announce plans to re-tool its 1.9 million square foot Kenosha Engine Plant for the new "Phoenix" V-6 engine.

Investment firm says Scottsdale owes it millions (The Arizona Republic)
A private investment firm says Scottsdale is on the hook for $10 million. Hualapai LLC has filed a legal claim against the city alleging Scottsdale failed to honor a valid lease.

HgCapital Sells IRIS Software, Computer Software Group To Investment Funds Affiliated With Hellman & Friedman For GBP ... (Nasdaq)
(RTTNews) - HgCapital, a mid-market private equity investor, on Monday revealed the sale of IRIS Software and Computer Software Group to investment funds affiliated with Hellman & Friedman, for an enterprise value of GBP 500 million.

Chrysler to make major investment in Wis. engine plant (Detroit Free Press)
KENOSHA, Wis. — Chrysler announced today that it will make a major investment in its Kenosha Engine Plant so it can manufacture the company's next generation of V6 engines.

McVey Quits as Morgan Stanley Investment Strategist (Update8) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the second-largest securities firm to join hedge fund Fortress Investment Group LLC.

Investment firm says Scottsdale owes it millions (The Arizona Republic)
A private investment firm says Scottsdale is on the hook for $10 million. Hualapai LLC has filed a legal claim against the city alleging Scottsdale failed to honor a valid lease.

PennantPark Investment Corporation Announces Dividend of $0.14 per Share (Linux World)
PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) announces that it has declared a dividend of $0.14 per share for the period ended June 30, 2007, payable on June 29, 2007 to shareholders of record as of June 22, 2007. The ex-dividend date is June 20, 2007. Dividends are being paid from taxable earnings whose specific tax characteristics will be reported to shareholders on Form ...

McVey quits as Morgan Stanley investment strategist (Investment Executive)
Morgan Stanley & Co.’s chief U.S. investment strategist and managing director, Henry McVey, is leaving the Wall Street giant for an alternative asset manager.

McVey Quits as Morgan Stanley Investment Strategist (Update9) (Bloomberg.com)
June 11 (Bloomberg) -- Henry McVey resigned as chief U.S. investment strategist at Morgan Stanley after 12 years with the second-largest securities firm to join hedge fund Fortress Investment Group LLC.

Morgan Stanley?s Chief U.S. Investment Strategist Resigns (New York Times)
Henry H. McVey, Morgan Stanley?s chief United States investment strategist, said that he was joining the hedge fund Fortress Investment Group.

ICBC Seeks Investment Bank License, Global Expansion (Update1) (Bloomberg.com)
June 12 (Bloomberg) -- Industrial & Commercial Bank of China Ltd., the nation's largest, is seeking licenses for investment banking, insurance and leasing, as higher interest rates erode its profit margin, Chairman Jiang Jianqing said.

Report: Thais Study $6B Nuke Investment (AP via Yahoo! Finance)
The Electricity Generating Authority of Thailand, or EGAT, is considering a US$6 billion investment for two nuclear plants, a Thai newspaper reported Tuesday.

Mittal Group Eyes $2.9 Billion Energy Investment In Bangladesh (Nasdaq)
SINGAPORE -(Dow Jones)- Global Oil and Energy Co., a subsidiary of the U.K.- based Mittal Group, signed a memorandum of understanding Monday with the Bangladesh government to invest $2.9 billion in the energy sector, a Bangladesh Board of Investment official said Tuesday.

SC: More Illegal Investment Websites To Be Blocked (Bernama)
KUALA LUMPUR, June 12 (Bernama) -- The Securities Commission (SC) expects more websites offering illegal investment schemes to the public to be blocked in the months to come.

ITWorx develops award-winning portal for Ministry of Investment, Egypt (AME Info)
ITWorx, one of the largest software professional services firm in Egypt, has announced its recent customer achievement, after the portal it has developed for the Ministry of Investment in Egypt (MOI) received one of the industry's most recognized awards at a competition for the Egyptian Ministries.

Malaysia investigates illegal on-line investment activities (People's Daily)
Bank Negara Malaysia is investigating AB Fund for suspected illegal deposit taking and illegal investment activities through its website, Bank Negara Malaysia said on Tuesday.

Irish Echo secures new investment (RTÉ News)
The Irish Echo newspaper has attracted new investment from a consortium led by businessman and former GAA President Peter Quinn. The consortium is comprised of Irish American and Irish business people, with the Belfast Media Group taking a minority stake.

CP Group boosts overseas investment (MCOT)
BANGKOK, June 12 (TNA) – Political turbulence and significantly lowered domestic spending have prompted Charoen Pokphand Group (CP Group), Thailand's largest agro business conglomerate, to curtail domestic investment, but instead to raise its investment in foreign countries, a senior CP executive said today.

Investment banking revenue pushes Lehman Brothers profit higher (The Globe and Mail)
NEW YORK — — Investment bank Lehman Brothers Holdings Inc., said Tuesday second quarter profit rose, helped by a surge in investment banking revenue.

Chidambaram clears 17 foreign investment proposals (IANS via Yahoo! India News)
New Delhi, June 12 (IANS) A proposal from Australia's Carlson Hotels to acquire 26 percent equity in a hotel project in Noida on the outskirts of the national capital is among 17 foreign direct investment applications cleared by the government.

McVey quits as Morgan Stanley investment strategist (Investment Executive)
Morgan Stanley & Co.’s chief U.S. investment strategist and managing director, Henry McVey, is leaving the Wall Street giant for an alternative asset manager.

Tiomin Shareholders Approve Jinchuan Group Ltd. Investment, Company Announces Management Changes (SYS-CON Media)
Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) announces that 99.68% of the votes cast by ballot at its Annual and Special General Meeting voted in favour of the previously announced investment in the Company by Jinchuan Group Ltd. ('Jinchuan').

Giant Investment Banks Enter Turkish Market (TurkishPress.com)
ANKARA - "Giant investment banks are getting more and more interested in Turkish capital market each passing day," Turan Erol, the Deputy Chairman of the Capital Market Board (SPK), said on Monday.

Investment Advisory Council Meeting Kicks Off In Istanbul (TurkishPress.com)
ISTANBUL - The Fourth Meeting of the Investment Advisory Council began in Turkish commercial hub of Istanbul on Monday with a breakfast hosted by Turkish State Minister Ali Babacan in honor of members of the council.




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