Investment News 12/2007 (Page 5)
Qatar sees investment opportunities in U.S. banks (Reuters via Yahoo! News)
The $60 billion Qatar Investment Authority said on Monday it saw "tremendous opportunities" for sovereign wealth funds like itself to invest in U.S. financial-services firms battered by a mortgage market crisis.
(Dec 10, 2007)
Investment pool created to help Indiana schools (The Indianapolis Star)
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.
(Dec 10, 2007)
UBS has to find way to reposition investment bank-Ospel (Reuters via Yahoo! Malaysia News)
ZURICH, Dec 10 - The next big question facing UBS after it announced a shock new $10 billion writedown on subprime exposures was how to reposition its investment bank, said UBS chairman Marcel Ospel.
(Dec 10, 2007)
S'pore's GIC says has no investment in CDOs (Reuters via Yahoo! Malaysia News)
SINGAPORE, Dec 10 - The Government of Singapore Investment Corp. said on Monday that it did not directly own any collateralised debt obligations and that it had minimal exposure to asset-backed securities.
(Dec 10, 2007)
SocGen consolidates PACE SIV investment vehicle (Reuters via Yahoo! News)
Societe Generale , France's second-biggest listed bank, said on Monday it would consolidate its PACE structured investment vehicle (SIV) due to tough market conditions and would refinance it.
(Dec 10, 2007)
Russian business could implement $200Bln in investment projects -Dmitriev (Interfax)
MOSCOW. Dec 10 (Interfax) - Russian business is capable of implementing a number of investment projects costing about $100 million each and totaling $200 billion, Development Bank (VEB) CEO Vladimir Dmitriev said at a conference in Moscow.
(Dec 10, 2007)
Foreign direct investment soars (RosBusinessConsulting)
RBC, 10.12.2007, Moscow 13:04:58. Foreign direct investment is expected to reach $45bn in 2007 compared to $26bn a year earlier, Russian Deputy PM and Finance Minister Alexei Kudrin told the Global Investment and Finance Forum, adding that, in 2006, foreign direct investment had doubled from $13bn to $26bn compared to the previous year's figures.
(Dec 10, 2007)
Singapore's state investment company buys 9 percent of Swiss bank UBS (AP via Yahoo! Malaysia News)
A Singapore government investment company that manages the city-state's foreign reserves said Monday that it will own around 9 percent of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion; €6.65 billion) in the lender.
(Dec 10, 2007)
Singapore's state investment company buys 9 percent of Swiss bank UBS (AP via Yahoo! Singapore News)
A Singapore government investment company that manages the city-state's foreign reserves said Monday that it will own around 9 percent of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion; €6.65 billion) in the lender.
(Dec 10, 2007)
Investment growth rate to reach 20 percent this year - Kudrin (Itar-Tass)
MOSCOW, December 10 (Itar-Tass) - The investment growth rate will make up 20 percent this year as compared with 2006, while the level of investments will be 48 percent of the 1990 level, Russian Deputy Prime Minister Alexei Kudrin said at an investment forum on Monday.
(Dec 10, 2007)
Singapore Investment Arm To Sink Billions Into UBS (Forbes)
Together with an undisclosed Mideast partner, Government of Singapore Investment Corp. will inject $11.48 billion to offset the Swiss bank's $10 billion write-down.
(Dec 10, 2007)
Investment Technology Group Volume Rises (AP via Yahoo! Finance)
Investment Technology Group Inc., a provider of technology-based trading services, said Monday its November average daily trading volume in the U.S. increased 31 percent.
(Dec 10, 2007)
Total S.A. announces final investment decision for Angola LNG project (Oil Online)
Total has announced the Final Investment Decision for the Angola LNG Project. Total owns a 13.6% share of Angola LNG Limited alongside Sonagas (36.4%), Chevron (36.4%) and BP (13.6%).
(Dec 10, 2007)
Oman proposes $2b investment for development of gas field in Iran's Kish island (Payvand Iran News)
Oman has proposed a $2-billion investment in development plan of gas field in Persian Gulf island of Kish, the managing director of the Iranian Offshore Oil Company (IOOC) announced on the southern island on Sunday. -IRNA
(Dec 10, 2007)
Global petroleum survey views investment in Newfoundland as high risk (Investment Executive)
Newfoundland and Labrador is considered by petroleum industry experts as the worst province in Canada for investment in oil and gas exploration and development, according to the first global survey of upstream petroleum companies released today by the Fraser Institute.
(Dec 10, 2007)
MBIA Scores $1B Investment (TheStreet.com)
The cash-strapped bond insurer will receive a $1 billion investment for Warburg Pincus.
(Dec 10, 2007)
A No-Lose Investment? (The Motley Fool via Yahoo! News)
You can always tell when the stock market seas start to get choppy. Brokers and financial institutions talk up safety and stability, touting investment vehicles that emphasize minimizing risk and guarantees.
(Dec 10, 2007)
Study: Russian foreign investment soars (AP via Yahoo! News)
A decade and a half after the collapse of the Soviet Union, Russia has become a powerhouse of overseas investment, according to a study released Tuesday. The study, by the Skolkovo Moscow School of Management and New York's Columbia University, found that the top 25 Russian companies in terms of foreign assets have a total of $59 billion in foreign assets.
(Dec 11, 2007)
Recession Predictions and Investment Decisions (Washington Post)
Everyone and his brother seems to be talking about recession these days. It dominates every public investment discussion and is the topic 24/7 on cable TV. But let me tell you a little secret: When it comes to investing, the question of whether we're in a recession (or are heading for one) just doesn't matter.
(Dec 11, 2007)
Study: Russian foreign investment soars (Boston Globe)
A decade and a half after the collapse of the Soviet Union, Russia has become a powerhouse of overseas investment, according to a study released Tuesday. The study, by the Skolkovo Moscow School of Management and New York's Columbia University, found that the top 25 Russian companies in terms of foreign assets have a total of $59 billion in foreign ...
(Dec 11, 2007)
Singapore: State Investment Company Buys 9% Of Swiss Bank UBS (Sin Chew Jit Poh)
SINGAPORE: A Singapore government investment company that manages the city-state's foreign reserves said Monday (10 Dec) that it will own around 9% of Swiss banking giant UBS AG following its investment of 11 billion Swiss francs (US$9.75 billion) in the lender.
(Dec 11, 2007)
Study: Russian Foreign Investment Soars (San Francisco Chronicle)
A decade and a half after the collapse of the Soviet Union, Russia has become a powerhouse of overseas investment, according to a study released Tuesday. The study, by the Skolkovo Moscow School of Management and New York's Columbia University, found that the...
(Dec 11, 2007)
Rakia targets increased investment from Indian business sector (AME Info)
Ras Al Khaimah Investment Authority (Rakia), the government body responsible for the socio-economic growth of the emirate, recently organised a 'Business Leaders and CEO's Meet' to highlight the ever-increasing investment opportunities in Ras Al Khaimah.
(Dec 11, 2007)
Dubai investment firm says it holds talks with JP Morgan (AFP via Yahoo! News)
The Investment Corporation of Dubai (ICD), a government holding firm valued at 81.7 billion dollars, held talks this week with JPMorgan Chase and Co on ways to cooperate, ICD said on Tuesday.
(Dec 11, 2007)
Dubai investment firm says it holds talks with JP Morgan (AFP via Yahoo!Xtra News)
DUBAI (AFP) - The Investment Corporation of Dubai (ICD), a government holding firm valued at 81.
(Dec 11, 2007)
KHP organizes US-GCC Investment Forum (AME Info)
KHP's diversity of work continued with the event organization and PR of the first ever US-GCC Investment Forum held in Manama, Bahrain this week.
(Dec 11, 2007)
Paulson says opening of NYSE office in Beijing to spur investment (Market Watch)
BEIJING (MarketWatch) -- U.S. Treasury Secretary Henry Paulson said Tuesday the opening of the NYSE Euronext offices in Beijing should spur foreign investment in the country. At the opening ceremony in China's capital, Paulson said the exchange's offices there symbolize "China's opening of its capital markets." The opening ceremony comes a day before the third Cabinet-level meetings of the ...
(Dec 11, 2007)
State's CFO asks auditors to scrutinize investment-fund decisions (Orlando Sentinel)
The governor plans to meet today for an update on the battered state fund. Chief Financial Officer Alex Sink on Monday asked state auditors to review the investment practices of the state-run investment pool hit last month by a multibillion-dollar wave of withdrawals by local governments.
(Dec 11, 2007)
BOR To Raise Limit Of Investment By FII's (Nasdaq)
(RTTNews) - Tuesday, Bank of Rajasthan said that it approved to increase the limit of investment in Bank's equity by foreign institutional investors upto 49% and by non-resident Indians upto 24% both taken together 49% of the total paid up capital of the Bank.
(Dec 11, 2007)
State's CFO asks auditors to scrutinize investment-fund decisions (Orlando Sentinel)
The governor plans to meet today for an update on the battered state fund. Chief Financial Officer Alex Sink on Monday asked state auditors to review the investment practices of the state-run investment pool hit last month by a multibillion-dollar wave of withdrawals by local governments.
(Dec 11, 2007)
Money continues to pour out of Fla.'s investment pool (Tallahassee Democrat)
TALLAHASSEE -- While CFO Alex Sink wants a full investigation into how Florida's investment pool became tainted with subprime securities, local governments who wound up unable to get their cash want something else: -- a guarantee.
(Dec 11, 2007)
Property investment sales hit record highs in 2007 (Channel NewsAsia)
SINGAPORE: Property investment sales are hitting a new record high this year. According to property consultant CB Richard Ellis, total investment sales for this year total nearly S$51 billion.
(Dec 11, 2007)
Protect Your Retirement From These Investment Scams (KiplingerForecasts.com)
Retirees are being lured by Ponzi schemes, unsuitable annuities and over-hyped investment returns.
(Dec 11, 2007)
Bridge Investment's Pamintuan to arrive tomorrow (Saipan Tribune)
The expected meeting between members of the Legislature and the managing director of Bridge Investment Group, LLC did not to materialize yesterday after Rudy Pamintuan's flight from Chicago was cancelled due to the recent ice storm that plagued the U.S. Midwest.
(Dec 11, 2007)
Nokia Announces Investment of USD 75 Million in Its Chennai Manufacturing Plant in India (ThomasNet)
CHENNAI, India, December 5 - Nokia (NYSE:NOK) today announced fresh investments of approximately USD 75 million towards its manufacturing plant in Sriperumbudur, Chennai, India, for the year 2008. This investment is geared towards enhancing the capacity of the manufacturing plant to cater to the burgeoning need of the Indian and other emerging markets. The manufacturing plant currently employs ...
(Dec 11, 2007)
Investment Landfill, Part 2 (GoldSeek.com)
"...If only I could make a thumping great profit before the year-end, says the fund manager to his investment banker, then my bonus would be secure..."
(Dec 11, 2007)
Mighty Leaf Tea Co. Gets Equity Investment Funding (Beverage World)
VMG Partners, a private equity firm that specializes in acquiring and building branded consumer products companies in the lower middle market, announced that it has made an equity investment in Mighty Leaf Tea Co., a producer of ultra-premium artisan teas.
(Dec 11, 2007)
UBS says Singapore investment 'first step' in reorganisation (AFP via Yahoo! News)
UBS said Tuesday that the decision by Singapore's state investment arm to inject nearly 10 billion dollars in fresh capital is just the "first step" in a major reorganisation of the Swiss bank's activities.
(Dec 11, 2007)
Sector Glance: Investment Banks Slide (AP via Yahoo! Finance)
Shares of the major investment banks slipped Tuesday after the Federal Reserve cut its target for interest rates by less than some investors hoped.
(Dec 11, 2007)
Citi Taps Investment Banking Head As CEO (ABC News)
Citigroup Names Investment Banking Head Pandit As CEO, Bischoff As Chairman
(Dec 11, 2007)
Citi taps investment banking head as CEO (AP via Yahoo! News)
Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation.
(Dec 11, 2007)
Mizuho to Set Up Investment Bank in Saudi Arabia, People Say (Bloomberg.com)
Dec. 12 (Bloomberg) -- Mizuho Financial Group Inc. plans to set up an investment-banking unit in Saudi Arabia, vying to become the first Japanese bank to enter the Arab world's largest economy.
(Dec 11, 2007)
Diamonds in the rough when it comes to investment potential (Market Watch)
BOSTON (MarketWatch) -- Most people aren't shopping for the holidays thinking of the investment value of what they are buying. But William P. from Boston's suburbs figures that as long as he's shopping for jewelry for his wife -- she'll celebrate her 30th birthday on Christmas Eve, a week before the couple's fifth wedding anniversary -- he might as well keep the portfolio in mind. ...
(Dec 11, 2007)
Mizuho Plans Saudi Arabia Investment Bank, People Say (Update1) (Bloomberg.com)
Dec. 12 (Bloomberg) -- Mizuho Financial Group Inc., Japan's third-largest bank by market value, plans to set up an investment bank in Saudi Arabia, home to the world's best-performing stock market this quarter.
(Dec 12, 2007)
CHUCK JAFFE: Diamonds In The Rough When It Comes To Investment Potential (Nasdaq)
BOSTON (Dow Jones) -- Most people aren't shopping for the holidays thinking of the investment value of what they are buying.
(Dec 12, 2007)
IL&FS Investment gets fund commitment for $578 mln (Reuters via Yahoo! Malaysia News)
MUMBAI, Dec 12 - Private equity firm IL&FS Investment Managers Ltd said on Wednesday its unit has received capital commitment of $578 million for its India Realty Fund II.
(Dec 12, 2007)
IL&FS Investment gets fund commitment for $578 mln (Reuters via Yahoo! Singapore News)
MUMBAI, Dec 12 - Private equity firm IL&FS Investment Managers Ltd said on Wednesday its unit has received capital commitment of $578 million for its India Realty Fund II.
(Dec 12, 2007)
Australian investment bank leads group in taking 80 percent stake in US gas pipeline network (AP via Yahoo! Malaysia News)
Australian investment bank Babcock & Brown Ltd. said Wednesday it and a group of investors bought a majority stake in MidCon LLC, which owns one of the 10 largest natural gas pipeline networks in the U.S.
(Dec 12, 2007)
EPF Members To Pay Lower Service Charges For Investment In Unit Trusts (Malaysian National News Agency (BERNAMA))
KUALA LUMPUR, Dec 12 (Bernama) -- Members of the Employees Provident Fund (EPF) will pay 50 percent less in service charges for their investment in unit trusts beginning Jan 1 next year.
(Dec 12, 2007)
FACTBOX-Investment bank views on 2008 (Reuters via Yahoo! Singapore News)
Dec 12 - Following are some thoughts on economic and financial market trends in 2008 from various leading investment banks.
(Dec 12, 2007)
