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Investment News Dec 2007

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Investment in research urged
Investment in research that builds upon the area's strengths could make Milwaukee the next Palo Alto, Calif., or... (Sat, 01 Dec 2007 04:20:57 GMT)

U.S. Steel's Clairton investment has two goals
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. (Sat, 01 Dec 2007 05:15:27 GMT)

Investment plan principals jailed for contempt
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 ... (Sat, 01 Dec 2007 05:18:25 GMT)

Indonesia's local governments doing little to boost investment climate
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 ... (Sat, 01 Dec 2007 06:15:17 GMT)

PM demands breakthrough in infrastructure investment
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. (Sat, 01 Dec 2007 06:43:58 GMT)

Officials weigh options for state investment pool
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. (Sat, 01 Dec 2007 06:57:45 GMT)

Arizona investment pools said doing OK
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. (Sat, 01 Dec 2007 07:05:18 GMT)

Run on investment pool slows
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. (Sat, 01 Dec 2007 09:11:51 GMT)

Municipal investors trying to salvage $27 billion frozen investment fund
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. (Sat, 01 Dec 2007 09:28:58 GMT)

Bush Urges US Investment Boost Fighting HIV/AIDS
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. (Sat, 01 Dec 2007 09:29:24 GMT)

PM demands breakthrough in infrastructure investment
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. (Sat, 01 Dec 2007 10:39:34 GMT)

Rajasthan signs investment MoUs worth Rs.1,584 bn
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. (Sat, 01 Dec 2007 12:56:59 GMT)

Rajasthan signs investment MoUs worth Rs.1,584 bn
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. (Sat, 01 Dec 2007 13:30:37 GMT)

Town Councils' investment in non-govt securities capped at 35%
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. (Sat, 01 Dec 2007 14:06:55 GMT)

Rajasthan signs investment MoUs worth Rs.1,584 bn
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. (Sat, 01 Dec 2007 18:14:55 GMT)

Investment shows small improvement
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. (Sat, 01 Dec 2007 18:47:26 GMT)

Top lawmaker works for investment firm that manages union funds
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. (Sat, 01 Dec 2007 20:06:57 GMT)

Investment pools promise 'never to break the buck'
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. (Sun, 02 Dec 2007 00:54:22 GMT)

India's realty sector to get $30 bn foreign investment
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. (Sun, 02 Dec 2007 04:36:56 GMT)

India seeks UAE investment for infrastructure projects
India seeks UAE investment for infrastructure projects (Sun, 02 Dec 2007 05:01:09 GMT)

Greece calls for more Saudi investment as ties firm up
Greece calls for more Saudi investment as ties firm up (Sun, 02 Dec 2007 05:01:49 GMT)

India's realty mkt sees $30 bn investment
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. (Sun, 02 Dec 2007 05:32:50 GMT)

India's realty sector to get $30 bn foreign investment
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. (Sun, 02 Dec 2007 07:57:37 GMT)

Joe Bruno tied to investment firm handling state unions' funds
An investment firm that employs state Senate Republican Majority Leader Joe Bruno also manages major funds for unions in the state, documents show. (Sun, 02 Dec 2007 10:00:20 GMT)

Runway to airport investment
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. (Sun, 02 Dec 2007 10:43:58 GMT)

KSA, US officials discuss investment opportunities
KSA, US officials discuss investment opportunities (Sun, 02 Dec 2007 14:01:30 GMT)

Firms face risk in lack of PRC investment protection
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. (Mon, 03 Dec 2007 02:25:23 GMT)

Japan'd Capital Investment Down in 3rd Q
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. (Mon, 03 Dec 2007 03:24:55 GMT)

Lafarge aims to double investment in China over next 5 years - report
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. (Mon, 03 Dec 2007 04:34:58 GMT)

Apartment Investment and Management Company Declares Dividends on Class G, T, U, V and Y Cumulative Preferred Stock
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. (Mon, 03 Dec 2007 04:35:38 GMT)

Rupee firm as investment flows seen steady
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. (Mon, 03 Dec 2007 04:40:26 GMT)

KKR Investment Funds May Invest in KKR Private Equity Investors
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. (Mon, 03 Dec 2007 05:05:18 GMT)

$60 million investment going full-speed ahead at High Point University
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. (Mon, 03 Dec 2007 06:04:53 GMT)

Real estate investment firm snaps up New Albany medical offices
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. (Mon, 03 Dec 2007 06:10:10 GMT)

Report says Sprint Nextel rejected $5b investment
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 (Mon, 03 Dec 2007 07:11:05 GMT)

Lafarge aims to double investment in China
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. (Mon, 03 Dec 2007 07:32:07 GMT)

Vietnam Money-Dollar dips against dong as investment rises
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. (Mon, 03 Dec 2007 07:53:33 GMT)

The Investment Dar to market $300m syndicated murabaha facility in Asia
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. (Mon, 03 Dec 2007 08:49:17 GMT)

Vietnam and Shanghai discuss trade and investment ties
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. (Mon, 03 Dec 2007 09:34:21 GMT)

Mauritius investment firm says to buy local bank
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. (Mon, 03 Dec 2007 09:58:16 GMT)

SSC Investment Unit to buy 10% of Royal Jordanian equity
SSC Investment Unit to buy 10% of Royal Jordanian equity (Mon, 03 Dec 2007 10:04:11 GMT)

Leaking investment funds spark insolvency fears
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. (Mon, 03 Dec 2007 10:14:00 GMT)

Capital Market Authority approves Jadwa Investment's Shariah-compliant multi-manager international funds
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. (Mon, 03 Dec 2007 10:19:37 GMT)

Hong Kong's TOM Group denies investment in Facebook
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. (Mon, 03 Dec 2007 10:23:21 GMT)

TAPESTRY INVESTMENT COMPANY PCC LTD: Result of Meeting
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 ... (Mon, 03 Dec 2007 11:22:55 GMT)

TOM Group denies investment in Facebook
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. (Mon, 03 Dec 2007 11:28:36 GMT)

Asian investment banking
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? (Mon, 03 Dec 2007 12:07:36 GMT)

Property investment slumps in 2007
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. (Mon, 03 Dec 2007 12:19:08 GMT)

Nomura CEO sees credit woes creating investment opportunities
TOKYO (MarketWatch) -- Nomura Holdings Inc. (8604.TO) is seeing new investment opportunities overseas as the U.S. credit crunch has led to some lower asset prices and forced overseas rivals to spend time on restructuring, Chief Executive Nobuyuki Koga said Monday. (Mon, 03 Dec 2007 12:37:18 GMT)

Investment Dar $300m murabaha
Kuwait's Investment Dar is launching a proposed $300m syndicated murabaha facility which has been underwritten by the Standard Chartered Bank and the HSBC. The firm has marketed the loan facility via a tour in Kuala Lumpur and Singapore in order to tap into the East Asian Islamic finance market. (Mon, 03 Dec 2007 12:49:37 GMT)

Investment in residential construction hits new record in third quarter
OTTAWA - A new report says residential construction investment hit a new record in the third quarter, reaching $24.3 billion. (Mon, 03 Dec 2007 13:46:00 GMT)

Investment in residential building hits new record
OTTAWA — A new report says residential construction investment hit a new record in the third quarter, reaching $24.3-billion. That's nine per cent more than the same quarter in 2006. (Mon, 03 Dec 2007 13:57:07 GMT)

VLTJF: CEO Acquires 582,000 Shares for Investment Purposes
Mr. Joseph D. Horne, President, Chief Executive Officer and a Director of Vault Minerals Inc. (VLTJF) announced that he has recently acquired 582,000 common shares of Vault through the facilities of the TSX Venture Exchange. These common shares were acquired by Mr. Horne for investment purposes. (Mon, 03 Dec 2007 14:10:59 GMT)

Residential construction investment hits new record
A new report says residential construction investment hit a new record in the third quarter, reaching $24.3 billion. That's nine per cent more than the same quarter in 2006. (Mon, 03 Dec 2007 14:22:06 GMT)

Kenya: Country Launches Electronic Registry, Investment Guide
Kenya last week launched two significant investment products, stretching its profile as the leading business hub in the region. (Mon, 03 Dec 2007 15:38:48 GMT)

New law to tighten investment rules
Investment advisers will have to reveal the fees and remuneration, including commission, they receive from February 29 next year, Commerce Minister Lianne Dalziel says. (Mon, 03 Dec 2007 16:05:08 GMT)

Asian Investor Targets Facebook For Early Investment
Telecom magnate Li Ka-shing's planned $60 million investment could help propel the social network's business in Asian markets. (Mon, 03 Dec 2007 19:00:00 GMT)

More Details On Facebook's $60 Million Investment With Li Ka-Shing
Last week we reported on Facebook getting $60 million investment from Hong Kong billionaire Li Ka-shing, citing the report by Kara Swisher on AllThingsD . Now ATD's sister publication WSJ is reporting that Ka-shing "is in talks to acquire" the small stake, meaning the deal hasn't yet been done Facebook PR hasn't responded to our request for comment. (Mon, 03 Dec 2007 21:55:00 GMT)

Update On Facebook's $60 Million Investment: In Talks With Li Ka-Shing
Last week we reported on Facebook getting $60 million investment from Hong Kong billionaire Li Ka-shing, citing the report by Kara Swisher on AllThingsD . Now sister publication WSJ is reporting that Ka-shing "is in talks to acquire" the small stake, meaning the deal hasn't yet been done Facebook PR hasn't responded to our request for comment. (Mon, 03 Dec 2007 21:55:00 GMT)

VIETNAM'S BIDV PLANS SECOND INVESTMENT FUND
Banking / finance The Bank for Investment and Development of Viet Nam said that it plans to establish the US$300 million Viet Nam Investment Fund No2, to be operational by the first quarter of next year. (Tue, 04 Dec 2007 04:17:50 GMT)

Vietnam's BIDV Plans Second Investment Fund
The Bank for Investment and Development of Viet Nam said that it plans to establish the US$300 million Viet Nam Investment Fund No2, to be operational by the first quarter of next year. (Tue, 04 Dec 2007 04:17:50 GMT)

Gold Falls as Dollar Rise Curbs Investment Demand; Silver Down
Dec. 4 (Bloomberg) -- Gold declined in Asia as the dollar's gain against the euro reduced demand for the precious metal as an alternative investment. Silver also fell. (Tue, 04 Dec 2007 05:38:44 GMT)

County No. 2 Contributor To Frozen Investment Pool
When top Florida leaders meet this morning to try to fix a troubled state investment pool, Hillsborough County officials will be watching closely. (Tue, 04 Dec 2007 05:38:51 GMT)

Agricultural Bank of China sets up investment banking operations
Agricultural Bank of China, the weakest of the country's big four commercial banks, has set up an investment banking department, state media reported Tuesday. (Tue, 04 Dec 2007 06:27:13 GMT)

Vietnam Approves U.S.-Vietnamese Alliance for Large Scale Investment and Build-up of New Commercial Data Center Network
On November 1, The Hanoi People's Committee of the Socialist Republic of Vietnam granted an investment certificate that allows Data Next LLC, a subsidiary of U.S.-based International Telecom Holdings ("ITH"), to establish a network of much-needed commercial data centers throughout Vietnam. Plans for the data center call for an infusion of investment capital in excess of $50 million. (Tue, 04 Dec 2007 07:44:00 GMT)

Sen. Lewis calls for special session over investment losses
With another Montana investment downgraded Monday, one legislator called Monday for a special legislative session to decide how to allocate financial losses in the state’s investment pool. (Tue, 04 Dec 2007 08:13:07 GMT)

Troubled Florida investment fund should be divided, new money manager says
The private money manager hired last week to save a state-run investment fund rocked by withdrawals wants to split it in two -- isolating $2 billion worth of risky investments. (Tue, 04 Dec 2007 09:14:29 GMT)

Residential construction investment hits record
Residential construction investment hit an all-time quarterly record in Canada at $24.3 billion, according to a report by Statistics Canada. The figure represents a 9 per cent increase from the third quarter of 2006, the federal agency said yesterday. (Tue, 04 Dec 2007 09:47:40 GMT)

Infrastructure investment to be raised to 9% of GDP: Montek
NEW DELHI: The Government is proposing to raise investment in infrastructure sector to 9 per cent of Gross Domestic Product (GDP) by 2012 to achieve the high growth rate planned during the Eleventh Five Year Plan (2007-2012). (Tue, 04 Dec 2007 10:09:27 GMT)

Indian Govt Plans To Raise Infra Investment To 9% Of GDP
(RTTNews) - Tuesday, the media reported that the Indian government is intending to raise investment in infrastructure sector to 9% of GDP by 2012 in order to attain the high growth rate planned during the Eleventh Five Year Plan - 2007-2012. (Tue, 04 Dec 2007 10:41:09 GMT)

Indian Government To Step Up Infrastructure Investment
(RTTNews) - The Indian government has decided to raise infrastructure investment to 9.0% of GDP by 2012, the State Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday. He was speaking at the World Economic Forum in New Delhi. (Tue, 04 Dec 2007 11:13:26 GMT)

DuPont doubles investment for India R&D centre
NEW DELHI, Dec 4 - U.S. chemical maker DuPont Co will double its previously announced investment in a planned R&D centre in the Indian city of Hyderabad to 2 billion rupees over 2 years, a senior official said. (Tue, 04 Dec 2007 12:27:35 GMT)

IBM to Increase Africa Investment
IBM said Tuesday it will add to its investment in Sub-Saharan Africa to develop new markets and create new jobs, increasing its investment by more than $120 million over the next two years. (Tue, 04 Dec 2007 12:56:32 GMT)

IBM to increase Africa investment
NEW YORK (AP) - IBM ( Nachrichten / Aktienkurs ) said Tuesday it will add to its investment in Sub-Saharan Africa to develop new markets and create new jobs, increasing its investment by more than $120 million over the next two years. (Tue, 04 Dec 2007 13:22:57 GMT)

CDU calls for 25 percent foreign investment cap
German Chancellor Angela Merkel's Christian Democratic Union has called for a 25 percent foreign investment limit in German companies if this threatens the national interest. (Tue, 04 Dec 2007 13:55:35 GMT)

New investment firm created in Dubai
A major new private investment firm has been formed in Dubai, the official WAM news agency reported Tuesday. (Tue, 04 Dec 2007 14:51:23 GMT)

Sector Snap: Investment Banks
Shares of investment banks slipped Tuesday after two analysts cut their profit estimates on Wall Street's brokerages, citing weaker financial markets. (Tue, 04 Dec 2007 15:30:40 GMT)

FACTBOX-Investment bank views on 2008
Here are some thoughts on 2008 from various leading investment banks: (Tue, 04 Dec 2007 16:14:26 GMT)

National Investment Managers, Inc. Recapitalizes with $27 Million Debt Facilities Provided by Citizens Bank, Woodside ...
National Investment Managers (OTC BB: NIVM), the largest independent national retirement services company, providing retirement plan administration, investment consulting, and insurance services to small businesses, with assets under administration exceeding $10 billion, announced today the closing of a refinancing led by Citizens and Woodside ( Nachrichten ) to provide $27 million of senior and ... (Tue, 04 Dec 2007 16:38:00 GMT)

Remarks by Deputy Secretary Kimmitt to the U.S.-GCC Investment Forum in Bahrain
Thank you both for your kind introduction and for the opportunity to speak at this very timely Forum. The United States Treasury Department welcomes the inauguration of the Forum and hopes it is the first of what will become an annual dialogue on the increasingly important topic of investment. (Tue, 04 Dec 2007 18:32:14 GMT)

Florida Splits Investment Pool to Guard Assets
State officials moved to stabilize Florida?s $14 billion local investment pool by placing restrictions on withdrawals to keep the program from going broke. (Tue, 04 Dec 2007 18:55:39 GMT)

Bodman: Energy investment needed
As demand for energy increases, the investment in energy infrastructure might not keep up, U.S. Energy Secretary Samuel Bodman said. (Tue, 04 Dec 2007 19:39:23 GMT)

Fla. Reopens Local Gov't Investment Pool
An investment pool run by the state of Florida for local governments will reopen this week to give its investors critical access to their cash, but the head of the agency that manages the fund resigned Tuesday amid questions about the pool's troubles. (Tue, 04 Dec 2007 21:39:56 GMT)

Florida Investment Chief Quits; Fund Rescue Approved (Update2)
Dec. 4 (Bloomberg) -- The head of a troubled $14 billion Florida investment pool for local governments quit after officials approved a plan by BlackRock Inc. to isolate $1.5 billion in troubled assets. (Tue, 04 Dec 2007 22:12:21 GMT)

Florida Investment Chief Quits; Fund Rescue Approved (Update3)
Dec. 4 (Bloomberg) -- Coleman Stipanovich, the head of a troubled $14 billion Florida investment pool for local governments, quit as officials approved a plan by BlackRock Inc. to isolate $1.5 billion in downgraded and defaulted assets. (Tue, 04 Dec 2007 22:57:25 GMT)

Florida Investment Chief Quits; Fund Rescue Approved (Update4)
Dec. 4 (Bloomberg) -- Coleman Stipanovich, the head of an agency managing a troubled $14 billion Florida investment pool for local governments, quit as officials approved a plan by BlackRock Inc. to salvage the fund. (Tue, 04 Dec 2007 23:57:42 GMT)

Ex-I.M.F. Director Is Named Lazard Investment Executive
Lazard, the investment bank run by Bruce Wasserstein, said Tuesday that it had hired Rodrigo de Rato as a top executive for its investment banking unit. (Wed, 05 Dec 2007 04:05:40 GMT)

OVL, Hindujas To Form JV For Investment In Iran
(RTTNews) - Wednesday, the media reported that the ONGC Videsh- OVL, the overseas investment arm of ONGC and Hinduja group are likely to form a joint venture to invest in Iran and are negotiating with Switzerland registered Nico, a subsidiary of National Iranian Oil Company. (Wed, 05 Dec 2007 07:41:29 GMT)

Carolinas investment pools remain strong, officials say
As Florida struggles with a troubled investment pool used by the state's local governments, similar structures in the Carolinas remain safe, officials said Tuesday. Local government investment pools are state-organized vehicles where local governments and school districts can park their cash and make decent short-term returns. The money is supposed to be placed in conservative investments, much ... (Wed, 05 Dec 2007 08:16:14 GMT)

Florida reopens local investment pool; investment agency chief quits
A Florida-run investment pool for local governments is to reopen this week to give investors access to their cash, but the head of the agency that manages the fund resigned Tuesday amid questions about the pool's troubles. (Wed, 05 Dec 2007 08:26:34 GMT)

Puget Energy Buyer completes $296M investment
Pacific Northwest The investor group that has agreed to buy Puget Energy completed a previously announced $296 million capital investment... (Wed, 05 Dec 2007 08:32:31 GMT)

China To Step Up Business Investment In S. Korea
(RTTNews) - China is expected to increase business investment in South Korea in the coming years in a bid to make better use of its huge foreign reserves, Xu Changwen, a researcher with a state body said Wednesday. (Wed, 05 Dec 2007 09:57:09 GMT)

Japan Government Pension Investment Fund Loses Y1.633 Trillion In 3Q
TOKYO -(Dow Jones)- Japan's Government Pension Investment Fund said Wednesday that it lost Y1.633 trillion ($14.85 billion) in the July-September period because of weaker stock prices caused by the fallout from the U.S. subprime mortgage meltdown. (Wed, 05 Dec 2007 10:12:08 GMT)

Ohio House OKs limit to BWC investment options
COLUMBUS - The Republican-controlled Ohio House yesterday voted to limit investment options for workers' compensation funds while Democrats questioned whether this would end any chance for a legislative inquiry into past scandals. (Wed, 05 Dec 2007 10:16:49 GMT)

Central Florida governments have mixed reactions to decision about troubled state investment fund
The reaction of Central Florida governments ranged from dismissive to supportive of the plan the state announced Tuesday to salvage its beleaguered $14 billion investment pool, which includes about $1.2 billion from the region. (Wed, 05 Dec 2007 10:52:54 GMT)

Troubled state investment fund will resume business
Under new management, withdrawals will be permitted -- but with restrictions. A troubled state-run investment fund will reopen for withdrawals Thursday under new management and with restrictions that could force local governments to wait a year or more to reclaim all of their money. (Wed, 05 Dec 2007 11:04:53 GMT)

ABG Shipyard Plans Rs. 1,400 Cr. Investment On Expansion
(RTTNews) - Wednesday, the media reported that ABG Shipyard Ltd plans an investment of Rs. 1,300-Rs. 1,400 crores in order to expand its capacity to meet the rising global demand for building large cargo carrying ships. (Wed, 05 Dec 2007 11:41:06 GMT)

Morgan Stanley expands India fund investment team
MUMBAI, Dec 5 - Morgan Stanley Investment Management, planning to expand in the country's fast-growing fund industry after a gap of 13 years, said on Wednesday it has appointed two new managers. (Wed, 05 Dec 2007 13:14:11 GMT)

Limited power supply hampering investment in RI
Limited power supply has become a hindrance for investment in Indonesia`s industrial sector so that development of the country`s power generation capacity must be one of the government`s priorities, an investment official said. (Wed, 05 Dec 2007 13:44:17 GMT)

RBC Asset Management joins Social Investment Organization
RBC Asset Management Inc. today became the first bank-owned mutual fund firm to join the Social Investment Organization (SIO) as an associate member. (Wed, 05 Dec 2007 15:47:08 GMT)

Citizens has largest stake in shaky investment pool
Citizens Property Insurance Corp. said it is the largest participant in the troubled Local Government Investment Pool, but that the temporary freezing of the fund and limited reopening expected Thursday will not affect its liquidity. (Wed, 05 Dec 2007 16:19:13 GMT)

Washington Real Estate Investment Trust Acquires 2000 M Street for $73.5 Million
Washington Real Estate Investment Trust ( Nachrichten ) (WRIT) (NYSE: WRE) has acquired the leasehold interest for 2000 M Street, NW, an eight-story, Class A office building with a three-level parking garage in Washington, D.C. for $73.5 million. 2000 M Street is well-positioned in the Central Business District (CBD) on the southwest corner of 20 th and M Streets, NW. (Wed, 05 Dec 2007 16:52:55 GMT)

Mexico Foreign Investment to Fall Next Year, Minister Arce Says
Dec. 5 (Bloomberg) -- Mexico's foreign direct investment will probably fall next year on slowing growth in the U.S., Deputy Economy Minister Carlos Arce said. (Wed, 05 Dec 2007 17:00:58 GMT)

Mexico Foreign Investment to Fall in 2008, Arce Says (Update1)
Dec. 5 (Bloomberg) -- Mexico's foreign direct investment will probably fall next year on slowing growth in the U.S., Deputy Economy Minister Carlos Arce said. (Wed, 05 Dec 2007 19:15:14 GMT)

Indiana Plans Investment Pool
Indiana plans to start an investment pool for local governments and school districts next month, and officials say it will include safeguards to prevent financial problems that recently hit a similar fund in Florida. (Wed, 05 Dec 2007 20:02:28 GMT)

Venture capital investment to reach $40 bln
Global venture capital investment is expected to reach $40 billion (19.7 billion pounds) this year, the highest since 2001, pushed by spending in areas such as medical devices and clean energy technology, a report said. (Thu, 06 Dec 2007 00:35:00 GMT)

Public-private investment law put on ice
Proposals to amend the 1992 joint public-private investment law are likely to be left to the next government, according to Finance Ministry officials. (Thu, 06 Dec 2007 02:33:06 GMT)

MOVES-ING Investment names Australia fixed income head
SYDNEY, Dec 6 (Reuters) - ING Investment Management said on Thursday it has appointed Greg Michel as new director of fixed income for its Australian operations. (Thu, 06 Dec 2007 04:47:09 GMT)

Beware of investment scams
When the economy starts slipping, the FBI says investment scams gain traction among the desperate and unwitting. It’s a simple relationship that has played out for more than 80 years, since Charles Ponzi duped people into investing in a scheme that today bears his name, says Jeff Bruning, supervisor, special agent with the FBI white collar crimes squad in South Carolina. In the 1920s, Ponzi, a ... (Thu, 06 Dec 2007 05:17:36 GMT)

Investment firm chief to plead to charges
The owner of a Utah County investment company has agreed to plead no contest to two second-degree felony charges filed in 4th District Court accusing him of securities fraud and unlawful activity, the Utah Division of Securities announced Tuesday. (Thu, 06 Dec 2007 07:36:59 GMT)

Investment chief is U.'s highest paid employee
Cynthia Frost, vice president and chief investment officer, made $871,257 in compensation and benefits in 2006 and tops the list of Brown's highest-paid employees, according to its most recent tax filings. (Thu, 06 Dec 2007 07:44:06 GMT)

Minister lauds 2007 investment pinnacle
VietNamNet Bridge - On the sidelines of the Vietnam Business Forum, Minister of Planning and Investment Vo Hong Phuc said that Vietnam’s investment environment has never been so good as this year. Entrepreneurs are not as concerned as in the past. (Thu, 06 Dec 2007 07:50:54 GMT)

Kenya: Housing Finance Launches Product for Investment Clubs
Investment clubs have a new suitor in the market after three financial firms launched a joint product targeting real estate and the capital market. (Thu, 06 Dec 2007 08:21:06 GMT)

BT Investment IPO raises A$247 million-source
SYDNEY, Dec 6 - An initial public offering of BT Investment Management Ltd has raised A$247 million ($215 million) by selling shares at A$4.80 each, a source familiar with the deal told Reuters on Thursday. (Thu, 06 Dec 2007 08:45:36 GMT)

BT Investment IPO raises A$247 million-source
SYDNEY, Dec 6 (Reuters) - An initial public offering of BT Investment Management Ltd has raised A$247 million ($215 million) by selling shares at A$4.80 each, a source familiar with the deal told Reuters on Thursday. (Thu, 06 Dec 2007 08:46:13 GMT)

UBS to nearly double India investment bank staff
MUMBAI (Reuters) - UBS will nearly double its investment banking staff in India to up to 180 in the next year as it prepares to offer more services and retain its share of the increasingly competitive business, the head of UBS in India said. (Thu, 06 Dec 2007 08:55:38 GMT)

UPDATE 1-BT Investment IPO raises A$247 million-source
SYDNEY, Dec 6 (Reuters) - An initial public offering (IPO) of BT Investment Management Ltd raised A$247 million ($215 million) by selling shares at A$4.80 each, the bottom end of a marketing range, a source familiar told Reuters on Thursday. (Thu, 06 Dec 2007 09:03:13 GMT)

U.S. slowdown could hurt 2008 investment
Mexico's foreign direct investment will probably fall next year on slowing growth in the U.S., says Deputy Economy Minister Carlos Arce. A drop in U.S. manufacturing is likely to reduce investment, on course to reach $23 billion (U.S.) this year, to about $20 billion in 2008, Arce said. (Thu, 06 Dec 2007 09:35:08 GMT)

Wearology to sell investment in Gopi Resort
MUMBAI, Dec 6 - Organic farming and apparel firm Wearology Ltd said on Thursday its board has approved selling its investment in Gopi Resorts Pvt Ltd for 340 million rupees. (Thu, 06 Dec 2007 10:14:15 GMT)

Wearology Sells Its Investment In Gopi Resorts For Rs.34 Cr.
(RTTNews) - Thursday, Wearology said that it sold its investment wholly made in Gopi Resorts for a consideration of Rs. 34 crores. (Thu, 06 Dec 2007 10:57:10 GMT)

State to set up an investment pool for local governments, agencies
Indiana plans to start an investment pool for local governments and school districts next month, and officials say it will include safeguards to prevent financial problems that recently hit a similar fund in Florida. (Thu, 06 Dec 2007 11:07:55 GMT)

Indonesia, Qatar sign MoU on $1 bln investment fund
JAKARTA, Dec 6 - Indonesia has signed a memorandum of understanding with the Qatar Investment Authority on a $1 billion joint investment fund targeting infrastructure in the Southeast Asian country, an Indonesian official said on Thursday. (Thu, 06 Dec 2007 11:55:33 GMT)

Qatar Investment Authority Signs $1 Billion Indonesia Investment
JAKARTA -(Dow Jones)- The Qatar Investment Authority signed an agreement with the Indonesian government to invest $1 billion in a power plant project and the tourism sector in that country, Indonesian Vice President Jusuf Kalla told reporters late Thursday. (Thu, 06 Dec 2007 13:42:40 GMT)

Investment forum opens in Urals region
MIASS (Chelyabinsk region), December 6 (Itar-Tass) - The forum on “Investment Attraction: A Basis for Economic Growth of the Region” opened in the city of Miass in the Cherlaybinsk region on Thursday. (Thu, 06 Dec 2007 13:59:00 GMT)

State reopens frozen investment pool to local governments
TALLAHASSEE, Fla. Florida's state-run investment pool for local governments reopened Thursday morning after being shut down last week amid a run totaling nearly $10 billion. (Thu, 06 Dec 2007 14:35:16 GMT)

State reopens frozen investment pool to local governments
Florida's state-run investment pool for local governments reopened this morning after being shut down last week amid a run totaling nearly $10 billion. (Thu, 06 Dec 2007 14:48:47 GMT)

State reopens investment pool to local governments
Florida's state-run investment pool for local governments reopened Thursday morning after being shut down last week amid a run totaling nearly $10 billion. (Thu, 06 Dec 2007 14:57:31 GMT)

State Reopens Troubled State Investment Fund
Florida's state-run investment pool, which was shutdown last week after a rash of withdrawals from local governments, reopened Thursday morning. (Thu, 06 Dec 2007 15:15:38 GMT)

State Investment Pool Reopens to Govts
Florida's state-run investment pool for local governments reopened Thursday morning after being shut down last week amid a run in which nearly $10 billion was withdrawn. (Thu, 06 Dec 2007 15:17:40 GMT)

State Investment Pool Reopens to Govts
TALLAHASSEE, Fla. -- Florida's state-run investment pool for local governments reopened Thursday morning after being shut down last week amid a run in which nearly $10 billion was withdrawn. (Thu, 06 Dec 2007 15:37:28 GMT)

Florida reopens municipal investment pool
The state-run investment had been shut down after panicked towns, counties, school boards withdrew nearly $10B. (Thu, 06 Dec 2007 15:46:10 GMT)

Shaw Group earnings down sharply in 4Q on investment loss
BATON ROUGE, La. The Shaw Group Inc., a major engineering, construction and environmental company, saw its fiscal fourth-quarter earnings dive because of a loss tied to its investment in Westinghouse Electric, the company reported Thursday. (Thu, 06 Dec 2007 15:58:26 GMT)

Fla. reopens frozen investment pool
TALLAHASSEE, Fla. — Florida's state-run investment pool for local governments reopened today after being shut down last week amid a run in which nearly $10 billion was withdrawn. The $14 billion left in the fund pools money from towns, counties, school boards and other government investors, and works like a money market account. Last month, many governments withdrew their money when it was ... (Thu, 06 Dec 2007 16:11:15 GMT)

Panel Recommends $357.2 Billion US Passenger Rail System Investment
WASHINGTON (AP)--A federal transportation policy commission is recommending a $357.2 billion investment - or $8.1 billion a year - to significantly expand intercity passenger rail service by 2050. (Thu, 06 Dec 2007 16:42:16 GMT)

State investment pool reopens to govts
Local governments drained more than $1.1 billion from Florida's state-run investment pool when it reopened Thursday, a week after it was frozen amid a run that withdrew almost $10 billion on worries about its investments in securities backed by troubled mortgages. (Thu, 06 Dec 2007 20:30:23 GMT)

Colombia Gets Investment-Grade Rating
Canadian debt rating agency DBRS said Thursday it assigned investment-grade rating to Colombia's long-term debt denominated in pesos. (Thu, 06 Dec 2007 21:37:05 GMT)

UPDATE 1-Westpac says BT Investment IPO raises A$247 mln
SYDNEY, Dec 7 (Reuters) - Westpac Banking Corp WBC.AX, Australia's fourth-biggest lender, said on Friday an initial public offering (IPO) of its BT Investment Management Ltd BTT.AX unit raised A$247 million ($217 million) by selling shares at the bottom end of marketing range. (Thu, 06 Dec 2007 23:56:31 GMT)