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Investment News 12/2007



Investment in research urged (Milwaukee Journal Sentinel)
Investment in research that builds upon the area's strengths could make Milwaukee the next Palo Alto, Calif., or...
U.S. Steel's Clairton investment has two goals (Pittsburgh Tribune-Review)
A $1 billion investment proposed by U.S. Steel Corp. at its Clairton Works coke-producing operations not only will help to ensure the long-term viability of its Mon Valley operations but will clean up environmental problems.
Investment plan principals jailed for contempt (The State)
The principals of 3 Hebrew Boys, the Columbia investment plan under investigation by state and federal authorities, have been placed in federal custody. A federal judge ruled Thursday that Joseph Brunson, Tim McQueen and Tony Pough were in civil contempt for not turning over requested financial documents to the court-appointed receiver. The three will remain in jail until they hand over the ...
Indonesia's local governments doing little to boost investment climate (People's Daily)
Many regency and municipality administrations in Indonesia have done nothing to improve the investment climate in their regions, according to local media on Saturday. A survey, conducted by the Regional Autonomy Monitoring Committee ...
PM demands breakthrough in infrastructure investment (Vietnam Net)
VietNamNet Bridge - Prime Minister Nguyen Tan Dung has asked the planning and investment sector to speed up administrative reform and utilise all resources to create a breakthrough in infrastructure investment in 2008.
Officials weigh options for state investment pool (Pensacola News Journal)
Florida's local governments are struggling with a difficult choice -- pull their billions out of a troubled state investment pool that could trigger losses, or cross their fingers that the nation's mortgage crisis works itself out.
Arizona investment pools said doing OK (Tucson Citizen)
PHOENIX - Other states have had runs of withdrawals from their public investment pools because of worries about their holdings in the mortgage industry but Arizona isn't in the same boat, state Treasurer Dean Martin said Friday.
Run on investment pool slows (Billings Gazette)
HELENA - The withdrawal of local government and school districts' money from state's Short Term Investment Pool continued Friday, but at a much slower pace.
Municipal investors trying to salvage $27 billion frozen investment fund (Sun-Sentinel)
An often-angry group of municipal investors sought answers from Florida officials about how to salvage a $27 billion frozen investment fund during a meeting Friday.
Bush Urges US Investment Boost Fighting HIV/AIDS (Scoop.co.nz)
President Bush is calling on the US Congress to double the nation's investment in the fight against HIV/AIDS. His pleas come on the eve of World AIDS Day, Saturday, December 1. VOA's Alex Villarreal reports from Washington.
PM demands breakthrough in infrastructure investment (Nhân Dân)
Prime Minister Nguyen Tan Dung has asked the planning and investment sector to speed up administrative reform and utilise all resources to create a breakthrough in infrastructure investment in 2008.
Rajasthan signs investment MoUs worth Rs.1,584 bn (IANS via Yahoo! India News)
Jaipur, Dec 1 (IANS) Rajasthan signed 269 memorandums of understanding (MoUs) worth Rs.1,584 billion (about $40 billion) investment during the two-day Resurgent Rajasthan-Partnership Summit that concluded here Saturday.
Rajasthan signs investment MoUs worth Rs.1,584 bn (EARTHtimes.org)
Jaipur, Dec 1 - Rajasthan signed 269 memorandums of understanding (MoUs) worth Rs.1,584 billion (about $40 billion) investment during the two-day Resurgent Rajasthan-Partnership Summit that concluded here Saturday.
Town Councils' investment in non-govt securities capped at 35% (Straits Times)
Government has imposed a rule on the investments by town councils. They will now have to limit their investment in non-government stocks, funds or securities to 35 per cent of their funds.
Rajasthan signs investment MoUs worth Rs.1,584 bn (Calcutta News)
Rajasthan signed 269 memorandums of understanding (MoUs) worth Rs.1,584 billion (about $40 billion) investment during the two-day Resurgent Rajasthan-Partnership Summit that concluded here Saturday.
Investment shows small improvement (Bangkok Post)
Private investment and household consumption posted modest gains in October as export growth in dollar terms reached a new high, the Bank of Thailand said yesterday.
Top lawmaker works for investment firm that manages union funds (The Post-Star)
ALBANY, N.Y. - An investment firm that employs one of New Yorks top lawmakers also manages major funds for unions in the state, according to state records and tax documents.
Investment pools promise 'never to break the buck' (Financial Times)
Florida's Local Government Investment Pool is modelled after money market mutual funds, which typically invest in the safest and most liquid short-term securities, such as US Treasury bills.
India's realty sector to get $30 bn foreign investment (IANS via Yahoo! India News)
New Delhi, Dec 2 (IANS) India's realty industry will grow at a fast clip of 30 percent over the next 10 years, offer 20-25 percent returns and secure foreign investment worth $30 billion, says a study by a leading industry lobby.
India seeks UAE investment for infrastructure projects (MENAFN)
India seeks UAE investment for infrastructure projects
Greece calls for more Saudi investment as ties firm up (MENAFN)
Greece calls for more Saudi investment as ties firm up
India's realty mkt sees $30 bn investment (NDTV Profit)
India's realty industry will grow at a fast clip of 30 per cent over the next 10 years, offer 20-25 per cent returns and secure foreign investment worth $30 billion, says a study by a leading industry lobby.
India's realty sector to get $30 bn foreign investment (Calcutta News)
India's realty industry will grow at a fast clip of 30 percent over the next 10 years, offer 20-25 percent returns and secure foreign investment worth $30 billion, says a study by a leading industry lobby.
Joe Bruno tied to investment firm handling state unions' funds (New York Daily News)
An investment firm that employs state Senate Republican Majority Leader Joe Bruno also manages major funds for unions in the state, documents show.
Runway to airport investment (Vietnam Net)
VietNamNet Bridge - Airport network investment opportunities are to gain wings in Vietnam. According to Civil Aviation Administration of Vietnam (CAAV), Vietnam needs about $2.84 billion for airport infrastructure up to 2015 with $2.73 billion for developing airports during 2016-2020.
KSA, US officials discuss investment opportunities (MENAFN)
KSA, US officials discuss investment opportunities
Firms face risk in lack of PRC investment protection (Chinapost.com.tw)
TAIPEI, Taiwan -- Taiwanese firms operating across the Taiwan Straits are facing great investment risks and uncertainties in China as the two sides have yet to sign an investment guarantee accord, Chen Ming-tong, chairman of the Cabinet-level Mainland Affairs Council (MAC) said yesterday.
Japan'd Capital Investment Down in 3rd Q (AP via Yahoo! Finance)
Japan's corporate capital investment in the third quarter dipped 1.2 percent from a year ago, the second straight quarterly decline, the Ministry of Finance said Monday.
Lafarge aims to double investment in China over next 5 years - report (FinanzNachrichten)
BEIJING (XFN-ASIA) - Lafarge, ( Nachrichten / Aktienkurs ) the world's biggest cement group, plans to double its investment in China over the next five years on the expectation that rapid growth in construction spending will continue, the Financial Times reported.
Apartment Investment and Management Company Declares Dividends on Class G, T, U, V and Y Cumulative Preferred Stock (FinanzNachrichten)
DENVER, Dec. 2 /PRNewswire-FirstCall/ -- Apartment Investment ( Nachrichten ) and Management Company ("Aimco") announced today that its Board of Directors declared dividends on shares of its Class G, T, U, V and Y Cumulative Preferred Stock.
Rupee firm as investment flows seen steady (Reuters via Yahoo! India News)
MUMBAI (Reuters) - The rupee inched up on Monday, buoyed by a view that steady overseas investment flows would bolster the local unit, though the prospect of central bank intervention weighed.
KKR Investment Funds May Invest in KKR Private Equity Investors (FinanzNachrichten)
KKR Private Equity Investors, ( Nachrichten ) L.P. (Euronext Amsterdam:KPE) announced today that one or more investment funds that are managed by Kohlberg Kravis Roberts&Co. L.P. may invest from time to time in KPE ' s common units.
$60 million investment going full-speed ahead at High Point University (BizJournals)
Nido Qubein's relentless construction boon on and near the campus of High Point University continues unabated with another $60 million in building investment getting started or taking shape.
Real estate investment firm snaps up New Albany medical offices (BizJournals)
Central Ohio's burgeoning medical office building market has attracted an investment firm looking to put together steady cash flow and deferred taxes for its wealthy clients.
Report says Sprint Nextel rejected $5b investment (America's Network)
Sprint Nextel, in need of a new chief executive, turned down a $5 billion investment proposal that would have brought the telecommunications company's former chairman back as CEO, The Wall Street Journal, quoted by an Associated Press report, said
Lafarge aims to double investment in China (China Daily)
Lafarge, the world's biggest cement group, plans to double its investment in China over the next five years in the expectation that rapid growth in construction spending will continue in the country which already consumes nearly half the world's cement output.
Vietnam Money-Dollar dips against dong as investment rises (Reuters via Yahoo! Malaysia News)
HANOI, Dec 3 - The U.S. dollar has weakened slightly against the Vietnamese dong in the past month due to rising foreign investment and remittances from overseas, bankers said on Monday.
The Investment Dar to market $300m syndicated murabaha facility in Asia (AME Info)
The Investment Dar, the Kuwait-based Islamic investment company, is targeting investment opportunities in Asia, with the launch of a proposed $300m syndicated murabaha facility.
Vietnam and Shanghai discuss trade and investment ties (Nhân Dân)
Vietnam and China’s Shanghai looked into opportunities for bilateral co-operation in economics, trade and investment at a seminar held in the Chinese city on November 30.
Mauritius investment firm says to buy local bank (Reuters via Yahoo! Singapore News)
PORT LOUIS, Dec 3 - Mauritius's British American Investment is buying buy South East Asian Bank, a subsidiary of Malaysian lender CIMB , for an undisclosed amount, BAI said.
Mauritius investment firm says to buy local bank (Reuters via Yahoo! Malaysia News)
PORT LOUIS, Dec 3 - Mauritius's British American Investment is buying buy South East Asian Bank, a subsidiary of Malaysian lender CIMB , for an undisclosed amount, BAI said.
SSC Investment Unit to buy 10% of Royal Jordanian equity (MENAFN)
SSC Investment Unit to buy 10% of Royal Jordanian equity
Leaking investment funds spark insolvency fears (ABC via Yahoo!7 News)
There are growing fears that the world is headed for a major credit crash because of Enron-style behaviour by the world's biggest investment banks.
Leaking investment funds spark insolvency fears (ABC via Yahoo!7 Finance)
There are growing fears that the world is headed for a major credit crash because of Enron-style behaviour by the world's biggest investment banks.
Capital Market Authority approves Jadwa Investment's Shariah-compliant multi-manager international funds (AME Info)
The Capital Market Authority has granted Jadwa Investment approval to offer two new Shariah-compliant international funds that employ the innovative concept of multi-manager investment.
Hong Kong's TOM Group denies investment in Facebook (FinanzNachrichten)
HONG KONG (XFN-ASIA) - TOM Group, ( Nachrichten ) a media company controlled by Hong Kong billionaire Li Ka-shing, has denied reports that it had made any investment in the hugely popular social networking website, Facebook.
TAPESTRY INVESTMENT COMPANY PCC LTD: Result of Meeting (FinanzNachrichten)
TAPESTRY ( Nachrichten ) INVESTMENT COMPANY PCC LIMITED RESULTS OF THE RECONVENED CLASS MEETING 3 December 2007 The Board of Directors of Tapestry Investment Company PCC Limited (the "Company") and its only cell, Multi- Strategy (GBP) (the "Cell") is pleased to announce that, at the reconvened class meeting of holders of participating redeemable preference shares in the Cell (the "Class ...
TOM Group denies investment in Facebook (PhysOrg)
TOM Group, a media company controlled by Hong Kong billionaire Li Ka-shing, denied on Monday reports that it had made any investment in the hugely popular social networking website, Facebook.
Asian investment banking (Financial Times)
In the face of the credit squeeze, determinedly optimistic investment bankers have two favourite mantras: “It will all bounce back in the second quarter”, and “Asia is still booming”. If the first fails, will the second help?
Property investment slumps in 2007 (RTÉ News)
This year has seen a marked reduction in property investment, with €1.5 billion spent as compared to €3.6 billion in 2006, according to Jones Lang LaSalle's end of year review and outlook.