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Investment News 05/2008



Bangladesh to reopen talks with Tata on 3bln dollar investment (AFP via Yahoo! News)
Bangladesh's military-backed government will reopen negotiations with Indian conglomerate Tata on Sunday on the group's record three-billion-dollar investment plan, officials said.
Bulgaria fears dirty money streaming in as foreign investment (AFP via Yahoo! News)
As EU newcomer Bulgaria aims to attract ever larger flows of foreign investment, authorities and analysts have raised fears that part of the money streaming into the country may have been laundered.
Keep investment costs under control (Deseret Morning News)
High investment costs remain out of sight and out of mind when overall returns are strong. Why sweat decimal points when basking in 20 percent gains?
Keep an eye on your investment expenses (Baltimore Sun)
H igh investment costs remain out of mind when overall returns are strong. Why sweat decimal points when basking in 20 percent gains?
Keep an eye on investment expenses (Baltimore Sun)
H igh investment costs remain out of mind when overall returns are strong. Why sweat decimal points when basking in 20 percent gains?
Saudi Arabian General Investment Authority to hold the International Knowledge Forum in Al-Madinah (AME Info)
The Governor of Saudi Arabian General Investment Authority (SAGIA) Mr. Amr Al-Dabbagh announced in a press conference held in SAGIA’s head office in Riyadh that the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz has cordially accepted the invitation to honor the International Knowledge Forum (NOOR) that is going to take place between 22nd and 24th June 2008.
Bani Yas Investment and Development unveils Bawabat Al Sharq in Abu Dhabi (AME Info)
Bani Yas Investment and Development Company (BID) announces the launch of Bawabat Al Sharq, a massive 108 hectares mixed-use development in Abu Dhabi’s Bani Yas city.
Huambo: Meeting Recommends Major Investment In Agricultural Firms (AngolaPress)
Huambo, 05/11 - Participants to a round-table meeting on Poverty in Rural Areas, held on Saturday in Huambo City, were unanimous in saying that the fight against hunger and misery in Angola has necessarily to go through a reinforced and specialised investment in agricultural family firms.
Investment Ideas: Follow a withdrawal strategy (Arroyo Grande Times Press Recorder)
When you’re working, you probably focus on how much you’re putting in to your investment portfolio. But when you retire, you may be more interested in how much you take out. And that’s why you have to prepare the proper withdrawal strategies.
Tata resumes talks with Bangladesh Govt on its $ 3billion investment (Deepika)
Dhaka, May 11 (UNI) The Bangladesh government and Indian industrial giant Tata resumed talks here today after a two-year deadlock on its proposed three billion dollars investment in steel, fertiliser, power plant and coal mine projects.
UAE, Dubai offer good investment opportunities: Dr Matrooshi (Deepika)
Rajkot, May 10 (UNI) Dubai Silicon Oasis Authority (DSOA) Chief Corporate Service Officer Dr Juma Al Matrooshi today stressed that UAE and Dubai offer several investment opportunities for Indian companies.
Angola oil tiger plans investment in Europe (AFP via Yahoo! News)
Oil-rich Angola, which survived a quarter century of civil war to transform itself into an African El Dorado for keen investors, has begun investing profits in Europe, starting with the former colonial power Portugal.
Investment banks turn to Africa in effort to boost flagging profits (Independent)
As investment banks continue to feel the effects of the credit crunch in the West, some are looking to Africa as the latest emerging market opportunity to boost flagging profits.
Australian United Investment Company Places 7.99m Shares at $8.27 each to Raise $66m (AUI.AX, 00841149, 20080512) (Huntleys' Stock of the Week via Yahoo!7 Finance)
Australian United Investment Company advised that the company is finalising the issue of 7.99m ordinary shares to Professional and Sophisticated investors at $8.27 per share. The placement price represented a 5% discount to the latest announced Net Tangible Asset Backing Per Share of AUI as at 30 April 2008 adjusted market movements to Friday 9 May 2008. The $66.05m raised from the Placement ...
Chinese companies' foreign investment jumps nearly fourfold in Q1 (People's Daily)
Chinese companies' foreign direct investment expanded 353 percent in the first quarter compared with the same 2007 period as domestic firms sought out a more open global market. The investment hit 19.34 billion U.S. dollars in the f ...
Integrated Investment Group Provides Lionel Diggings Update (IIG.AX, 00841188, 20080512) (Huntleys' Stock of the Week via Yahoo!7 Finance)
Integrated Investment Group advised that the first phase of drilling has been completed at the Lionel Diggings gold prospect in North Queensland. 7 RC holes for a total of 1073m were drilled to test the depth extent of Lionel Diggings gold and silver bearing sheeted vein system over a strike length of 530m. Veining (quartz-pyrite-sericite) and alteration envelopes (silica-sericite) were ...
Stark County officials set session to review investment portfolio (The Alliance Review)
Treasurer Gary D. Zeigler, with the county commissioners, has scheduled a briefing on the bond market and a review of the Stark County's investment portfolio to take place after the Investment Advisory Committee meeting to be held at 10 a.m. Tuesday in Room 315 of the Stark County Administration Building.
How to recognize investment fraud (Daily Herald)
"Turn your $10 into $5,000 in just 10 days!" Does the investment sound too good to be true? The answer should be, yes, as this is an example of investment fraud called a pyramid scheme.
RUXX investment index exceeds 1000 points (Russian Information Agency Novosti)
MOSCOW, May 12 (RIA Novosti) - Russia's investment index will open Monday at 1003.11 points, up 1.34% following Friday evening's sessions on major world trading floors.
12-05-2008: The Edge Investment Forum on Real Estate 2008: What’s Hot; What’s Not (The Edge Daily)
KUALA LUMPUR: Despite a slowdown in the world economy and the US subprime crisis, the real estate market in Malaysia remains positive. This was the consensus reached by speakers at The Edge Investment Forum on Real Estate 2008: What’s Hot; What’s Not held last Saturday.
Angola: Meeting Recommends Major Investment in Agricultural Firms (AllAfrica.com)
Participants to a round-table meeting on Poverty in Rural Areas, held on Saturday in Huambo City, were unanimous in saying that the fight against hunger and misery in Angola has necessarily to go through a reinforced and specialised investment in agricultural family firms.
Itisaluna participates in the Baghdad International Exhibition for Business, Construction and Investment (AME Info)
Itisaluna Abr Iraq, the latest National Wireless Fixed Voice and Data Telecommunications Company in Iraq, recently participated in the Exhibition for Business, Construction and Investment which opened its doors on the 6th of April in the Baghdad International Exhibition Venue.
Merrill names regional vice chair of investment banking (Market Watch)
LONDON (MarketWatch) -- Merrill Lynch & Co Inc. said Monday that it had appointed Caroline Silver as vice chairman of investment banking for Europe, the Middle East and Africa. Based in London, Silver joins the bank after a fifteen-year career with Morgan Stanley . In her new role, she will focus on strengthening Merrill's relationships with key corporate and financial institutions, and growing ...
NBK Capital launches US$ 125 million Kuwait Investment Opportunities Fund (Mena Report)
NBK Capital, one of the leading regional investment banks, has successfully launched the Kuwait Investment Opportunities Fund with assets under management of US$ 125 million.
Opening Glance: Investment banks rise (AP via Yahoo! Finance)
Shares of investment banks rose Monday morning as broader markets increased modestly and London-based HSBC Holdings PLC said first-quarter profits improved despite the bank still taking a mortgage-related write-down.
BMO Short-Term Income Class to keep investment objectives unchanged (Investment Executive)
BMO Investments Inc., the manager of BMO Short-Term Income Class, announced Friday that it will not proceed with changes to the investment objectives of the fund.
AIG Investment spends $65M on agriculture investment (AP via Yahoo! Finance)
AIG Investments, the equity investment arm of insurer American International Group, invested $65 million in Calyx Agro Ltd, which invests in agricultural land in Latin America.
Rodman & Renshaw Capital Group, Inc. To Acquire Leading Energy Investment Bank COSCO Capital Management LLC (Centre Daily Times)
Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), today announced that it has entered into a definitive agreement to acquire the operating assets of COSCO Capital Management LLC and its related companies, a leading private investment bank focused on the oil and gas sectors, principally in the United States and Canada. Concurrent with the closing of the transaction, Rodman will create the ...
Tunisia: 2008 Edition of Carthage Investment Forum to Highlight Euro-Med Partnership And ICT's (AllAfrica.com)
The traditional Carthage Investment Forum which will be held in Gammarth north of Tunis will take place between June 12 and 13, 2008.
(AFX UK Focus) 2008-05-12 17:03 Newcastle Investment falls on 1Q results, cut in dividend to 25 cents (Interactive Investor)
LONDON (Thomson Financial) - Shares of Newcastle Investment Corp. fell Monday after the real estate investment trust (REIT) announced first-quarter results, and the trust declared a lower dividend than in the previous quarter.
GIC Makes Equity Investment in AEI (Business Wire via Yahoo!7 Finance)
AEI announced today that GIC Special Investments Pte Ltd ("GICSI") has made an equity investment in AEI. GICSI is the private equity investment arm of the Government of Singapore Investment Corporation Pte Ltd, a global investment management company established in 1981 to manage Singapore's foreign reserves.
GIC Makes Equity Investment in AEI (wallstreet:online AG)
AEI announced today that GIC Special Investments Pte Ltd ("GICSI") has made an equity investment
Investment Banks Eye Africa for Growth (BusinessWeek)
Russian investment bank Renaissance Capital followed Citigroup and JPMorgan into Africa by buying stakes in brokerages in Ghana and Zambia
Sector roundup: Investment banks, chips (AP via Yahoo! Finance)
Investment bank stocks gained with the broader market Monday, as a Wachovia Capital Markets analyst said that trends for initial public offerings and mergers and acquisitions are improving.
Sovereign shareholders to boost investment (AP via Yahoo! Finance)
Sovereign Bancorp Inc., the nation's third-largest savings and loan, said Monday that its two biggest shareholders are planning to boost their investment in the company as it seeks to raise $1.5 billion to hedge against an economic slowdown.
Blackstone to Launch Blackstone Altius Advisors, an Asia-Focused, Event-Driven Investment Business (Business Wire via Yahoo!7 Finance)
The Blackstone Group (NYSE: BX) today announced that Aaron Nieman will be launching Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia Pacific region. A global, highly experienced investment team will be headquartered in Hong Kong, with additional professionals based in Tokyo, Mumbai, and New York.
Global Investment House starts its operations in Egypt (AME Info)
Global Investment House 'Global' just announced its plans and the strategy that it will implement in Egypt.
INVESTMENT IN JETS A REFLECTION OF VISTAJET'S COMMITMENT TO MALAYSIA (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, May 13 (Bernama) -- The US$60 million (US$1=RM3.21) investment in two Bombardier Challengers which will be based in Skypark Subang is a reflection of the commitment of VistaJet Holding SA to Malaysia and the Asian region.
Nigeria: ITU Endorses Country for Telecom Investment (AllAfrica.com)
Nigeria, yesterday, in Cairo, canvassed more investment in the country's telecom sector, saying it has all the attractions and characteristics of a great market with quick returns on investment, a position that was supported by the Secretary-General of International Telecommunications Union (ITU), Dr. Hamadou Toure.
Daiwa House to Boost Japan, China Retail Investment (Update2) (Bloomberg.com)
May 13 (Bloomberg) -- Daiwa House Industry Co. , Japan's biggest homebuilder, will boost investment in commercial projects locally and overseas, after housing starts fell in its home market. The shares rose to a three-month high.
Massad outlines investment plan (Worcester Telegram & Gazette)
WORCESTER - David G. "Duddie" Massad maintained on the witness stand yesterday that he never intended more than $8 million in checks he wrote to Entrust Capital Management to be invested in the company's investment fund - even though the checks were made out to Entrust, and he signed an Entrust partnership agreement.
Punjab receives investment proposals of Rs 1,300 crore (Express India)
Punjab has received six fresh investment proposals of Rs 1,300 crore from companies, including Green Plywood, Century Plywood for setting up of agro-based industries, which would generate 3,500 jobs in the state
Infrastructure group applauds investment funds (ABC via Yahoo!7 News)
The deputy chairman of Infrastructure Partnerships Australia, Christopher Brown, has welcomed the Government's three new investment funds announced in Tuesday night's Federal Budget.
TABUNG HAJI EXPECTS NEW INVESTMENT COMPANY TO BE UP WITHIN A MONTH (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, May 13 (Bernama) – Lembaga Tabung Haji expects the setting up of a new investment company with two other partners to be finalised within a month.
Opening Glance: Investment banks decline (AP via Yahoo! Finance)
Shares of investment banks fell Tuesday morning as Federal Reserve Chairman said the credit crisis is "still far from over," though he did say turmoil has begun to wane.
MPM Capital Makes First Investment in Indian CRO Sai Advantium (Business Wire via Yahoo!7 Finance)
MPM Capital, the largest venture capital investor dedicated solely to healthcare, announced today that it has made a $20 million investment in Sai Advantium Pharma, a leading chemistry-driven drug discovery and development service company headquartered in Hyderabad, India.
Apollo Investment raises $382M in public offering (AP via Yahoo! Finance)
Apollo Investment Corp., which invests mainly in midsized private companies, said Tuesday that it priced a public offering of 22.3 million shares of common stock at $17.11 apiece, for total proceeds of about $382 million.
Tabung Haji Expects New Investment Company To Be Up Within A Month (Malaysian National News Agency (BERNAMA))
KUALA LUMPUR, May 13 (Bernama) - Lembaga Tabung Haji expects the setting up of a new investment company with two other partners to be finalised within a month.
New investment model could make commuting cheaper (The Nation - Thailand's English news)
The government is to launch a new public-private partnership (PPP) model for mass-transit investment that....
UBS makes investment bank appointments (Reuters via Yahoo! UK & Ireland News)
Swiss-based bank UBS AG named Ian Gladman and Edouard de Vitry as co-heads of financial institutions (FIG) coverage for Europe, the Middle-East and Africa at its investment bank.