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Investment News 06/2008



SkyVilla: An investment into world of privacy (The Borneo Post)
KUCHING: When you move to SkyVilla, you do not only embrace a trendy new lifestyle but you have made an investment into a world of privacy that comes with a harmonious ambience.
Al Salam Bank sets up investment centre (AME Info)
Al Salam Bank-Bahrain has established a subsidiary, Amal Holding Company, to create a financial investment centre in Al Hidd City by Bahrain's international airport.
Tamweel launches investment wing (AME Info)
Dubai-based Tamweel Properties has established a $109m investment branch to tap into the UAE's booming real estate market. The Islamic mortgage provider already has assets valued at over $1.1bn under management, according to a company statement.
Is buying timeshare worthwhile investment? (Louisville Courier-Journal)
I'm thinking about buying a timeshare. Would it be a worthwhile investment?
Tamweel launches property investment subsidiary (AME Info)
Tamweel PJSC, the largest provider of real estate finance in the UAE, announced today the establishment of Tamweel Properties & Investments LLC, a fully owned subsidiary that will focus on real estate investment and also offer brokerage services.
FAYA Investment launched in Sharjah with a capital of AED 1.5 billion (Zawya)
Sharjah - June 01, 2008: A new company that specializes in the development of projects for lease and rental in the GCC, FAYA Investment, was recently launched in Sharjah, with a capital of AED1.5 billion.
Tamweel launches property investment subsidiary (Zawya)
Dubai, June 1, 2008: Tamweel PJSC, the largest provider of real estate finance in the UAE, announced today the establishment of Tamweel Properties & Investments LLC, a fully owned subsidiary that will focus on real estate investment and also offer brokerage services.
Japan hails trade fair to boost Africa investment (Khaleej Times)
YOKOHAMA, Japan - A trade fair aimed at boosting paltry levels of Japanese investment in Africa and increasing commercial ties was Sunday hailed as a success, with hundreds of contacts made.
Buyout firm KSL amid Esporta bidders: reports (Reuters via Yahoo! News)
Investment firm KSL Capital Partners is one of half a dozen suitors to have submitted initial offers for British fitness club chain Esporta last week, the Sunday Times reported.
Japan hails trade fair to boost Africa investment (AFP via Yahoo! News)
A trade fair aimed at boosting paltry levels of Japanese investment in Africa and increasing commercial ties was Sunday hailed as a success, with hundreds of contacts made.
Integrated Investment Group Reports First Phase Drilling Results (IIG.AX, 00847420, 20080602) (Huntleys' Stock of the Week via Yahoo!7 Finance)
Integrated Investment Group announced that first phase drilling at Lionel Diggings has intersected significant gold mineralisation. A suite of orientation samples (27 samples) yielded significant gold intersections. The orientation analytical results included 2m at 11.2 g/t Au and 6.3 g/t Ag from 63m and 1m at 4.36 g/t Au from 103m. The company advised further that significant gold intersections ...
International Investment bank posts Q1 profit (AME Info)
Bahrain-based International Investment Bank has posted its earnings for Q1 2008, reporting a $5.4m net profit. This marks an increase of $400,000 over the same period in 2007. Total income rose 13.2% to $9.4m.
Arizona investment firm sets renovation sights on Houston (BizJournals)
An Arizona-based real estate investment and renovation firm has entered the Texas market by acquiring three projects in the Houston area.
Shepard takes Monahan's place as First Financial's investment chief (BizJournals)
First Financial Bancorp's appointment of Alfred "Skip" Shepard as chief investment officer is leading to the exit of Terry Monahan from the company.
Goldman Sachs names two new co-heads for Asia investment banking group (International Herald Tribune)
Goldman Sachs on Monday announced two new co-heads to its investment banking group for Asia excluding Japan, highlighting a shifting of talent by Western banks to Asia.
International Investment Bank 's 1st quarter net income rises to $5.4m (AME Info)
International Investment Bank (IIB), a globally focused Islamic investment bank based in the Kingdom of Bahrain, announced its earnings for the first quarter of 2008.
Statewide investment in innovation hits new low (Crain's Detroit Business)
A drop to a record low in statewide investment in innovation marked the end of 2007, according to data released today by the University of Michigan-Dearborn School of Management.
02-06-2008: GUH embarks on RM43m capital investment (The Edge Daily)
PENANG: GUH Holdings Bhd is embarking on a RM43 million capital investment at both its manufacturing plants in Bayan Lepas and Suzhou, China to boost the production of multi-layered and silver-through-hole printed circuit boards (PCBs).
US urges producers to open oil markets to foreign investment (AFP via Yahoo! UK & Ireland News)
US Treasury Secretary Henry Paulson called Monday on oil-producing countries to open their oil markets to foreign investment, in a speech in the oil-rich United Arab Emirates.
US urges producers to open oil markets to foreign investment (AFP via Yahoo! News)
US Treasury Secretary Henry Paulson, on a tour of the Gulf, called on Monday on oil-producing countries to open their oil markets to foreign investment.
Employment, financing drive residential construction investment up in Q1 (The Canadian Press via Yahoo! Canada News)
OTTAWA - The total value of residential construction investment reached $19.8 billion in the first quarter of 2008, 7.5 per cent more than in the first quarter of 2007.
Opening Glance: Investment Banks slip (AP via Yahoo! Finance)
Shares of investment banks fell Monday morning along with broader markets as investors awaited a report on U.S. manufacturing that is expected to show activity contracted in May for the fourth straight month.
H2O Plus, LLC Acquired By Cordova, Smart & Williams, LLC And Goldman Sachs Urban Investment Group (Centre Daily Times)
Cordova, Smart & Williams, LLC ("CSW") and the Goldman Sachs Urban Investment Group ("Goldman Sachs") today announced the acquisition of H2O Plus, LLC ("H2O Plus"), a leading developer, manufacturer, and marketer of prestige, branded, water-based natural skincare products for the face and body. H2O Plus is being acquired from its founder, Cindy Melk, who will remain involved in the business as ...
Goldman Sachs Urban Investment Group Announces Collaboration with Group O Inc. to Seek Investment Opportunities (Centre Daily Times)
Goldman Sachs Urban Investment Group (UIG) today announced it has entered into an alliance with Group O, Inc. (Group O). Through this agreement, Group O and UIG will work together to identify and assess potential acquisition opportunities in the range of US $50MM to $300M in the Marketing Services, Packaging Solutions, Business Process Outsourcing and Managed Services categories.
Dollar Financial Corp to Present at Stephens Spring Investment Conference (Centre Daily Times)
Dollar Financial Corp (NASDAQ:DLLR), a leading international financial services company serving under-banked consumers, today announced that Jeff Weiss, Chairman and CEO, and Randy Underwood, Executive Vice President and CFO, will present at the Stephens Spring Investment Conference on Thursday, June 5, 2008, at 11:00 a.m. Eastern time at the New York Palace Hotel in New York.
Linklaters, Cleary in TPG's £150m Bradford & Bingley investment (The Lawyer)
Linklaters has won a role alongside Clearly Gottlieb advising US private equity giant Texas Pacific Group (TPG) on its £150m investment in UK bank Bradford & Bingley. ...
S&P cuts investment bank ratings (AP via Yahoo! Finance)
Standard & Poor's Ratings Services cut its counterparty ratings for three major investment banks on concerns that continued weakness in the sector could lead to more write-offs, the agency said Monday.
U.K. Says European Investment Bank Should Help Small Businesses (Bloomberg.com)
June 3 (Bloomberg) -- The British government will call for the European Investment Bank, the financing arm of the European Union, to offer more help to small companies finding it difficult to expand after credit dried up around the world.
Vietnam pips India in retail investment index (rediff.com)
Vietnam has overtaken India as the most attractive emerging market destination for investment in the retail sector, according to consultancy company AT Kearney's seventh annual Global Retail Development Index (GRDI).
Investment firm snags 10 (Richmond Times-Dispatch)
A small startup money-management firm in the Richmond area could be handling billions of dollars from the nation's largest broker-dealers. Riverfront Investment Group, which started two months ago, is in talks with virtually every broker-dealer in the county, except for Wachovia Securities. Broker-dealers would include such firms as Merrill Lynch and Morgan Stanley.
Experts say Asia needs investment in clean energy to ease climate change, oil price burden (AP via Yahoo! Philippines News)
Energy experts on Tuesday called for massive investment in clean energy in Asia, warning that delays will hasten climate change and make the region more vulnerable to oil and coal price spikes.
Our view: Investment bodes well for future of local airport (Public Opinion)
Continuing investment in the Franklin County Regional Airport demonstrates what can happen when a business entity makes a promise and sticks to it.
Citic Securities drops $1bn Bear investment (Financial Times)
Citic Securities , one of China’s largest brokerages, on Tuesday formally acknowledged it had pulled out of a planned $1bn investment in Bear Stearns following JP Morgan’s purchase of the troubled Wall Street firm.
Moody's rates Gulf General Investment Company ('GGICO') Baa2 with a stable outlook (AME Info)
Moody's Investors Service has assigned long termlocal and foreign currency issuer ratings of Baa2 to Gulf General Investment Compan ('GGICO'), a Dubai based public shareholding company engaged in a number of diversified activities including real estate, manufacturing, insurance, hospitality, retail, and transport.
County investment pool should stay in-house (Seattle Times)
The $89 million loss at the King County Investment Pool does not justify moving it to a private investment company, as a new report to the county suggests.
Mohamed Azahari Kamil Appointed As AmanahRaya Investment Bank Ltd MD/CEO (Malaysian National News Agency (BERNAMA))
KUALA LUMPUR, June 3 (Bernama) -- Datuk Mohamed Azahari Kamil bas been appointed as Managing Director/Chief Executive Officer of AmanahRaya Investment Bank Ltd, Labuan effective June 2.
''Clients First'' Says Next Generation of Independent Investment Advisors (Centre Daily Times)
Helping people in a meaningful way and putting clients' interests first is what attracts students most to the independent investment advisory profession, according to a May 2008 survey of 160 financial planning students conducted by Schwab Institutional and Texas Tech University's Division of Personal Financial Planning. More than half (51 percent) of students surveyed cited this as a primary ...
New Chase Strategic Portfolio Delivers Sophisticated Investment with Simplicity (Centre Daily Times)
Chase today introduced the Chase Strategic Portfolio, an innovative investment advisory program, delivered by the financial advisors in Chase's convenient network of 3,150 bank branches.
Triple Point picks up Investment Support Systems (BizJournals)
Software maker Triple Point Technology Inc. has acquired Investment Support Systems Inc., a New Jersey-based treasury management and regulatory compliance solution provider.
Georges Yared Of Yared Investment Research On Financials: Better Buys Than Sells (Nasdaq)
In an interview with RTT News, Georges Yared, chief investment strategist at Yared Investment Research discusses Tuesday's recovery attempt after Monday's sharp sell off.
Cambridge Investment Research, Inc. Names Marcia Martin to New Strategic Role: Senior Vice President, Operations and ... (Centre Daily Times)
Cambridge Investment Research, Inc., (Cambridge) a leading independent Broker/Dealer, has named Marcia Martin as Senior Vice President, Operations and Partner Support. Martin previously served Cambridge as Senior Vice President and Chief Compliance Officer. Martin assumes this new strategic role as Cambridge appoints Tom Anderson Vice President, Chief Compliance Officer.
Research and Markets: Argentina Oil and Gas Exploration and Production Industry: Investment Opportunities, Analysis ... (Centre Daily Times)
Research and Markets ( (link) c93533) has announced the addition of Argentina Oil and Gas Exploration and Production Industry: Investment Opportunities, Analysis and Forecasts to 2012 to their offering.
Ghana: Ashanti RCC Reactivates Business, Investment Centre (AllAfrica.com)
THE ASHANTI Regional Co-ordinating Council (ARCC) has established a Business Investment and Trade Secretariat (BITS) to co-ordinate economic activities of the economically active populace in the region.
HIGHFLYING HEDGE FUND LOSES INVESTMENT CHIEF (New York Post)
The credit crunch has claimed the job of yet another hedge fund pro. Alexander Jackson, who managed the credit and bond strategies for the once-highflying Polygon Investment Partners, is stepping down as chief investment officer. Reade Griffith...
DTCC Wins Right to Settle Alternative Investment Products (Wall Street and Technology)
Will provide settlement services for funds of hedge funds; single hedge funds; Real Estate Investment Trusts; private equity funds; and energy, equipment and commodity pool funds
DTCC Wins Right to Settle Alternative Investment Products Will provide settlement services for funds of hedge funds; ... (Finance Technology Network)
The Depository Trust & Clearing Corporation (DTCC) has received approval from the U.S. Securities and Exchange Commission to launch its new alternative investment products suite of services.
Investment, Commercial Banks Sold Off (Australasian Investment Review via Yahoo!7 Finance)
Unease is growing about the financial health and position of banks large and small in the US and Britain in particular, and our investment banks, like Babcock and Brown and Macquarie Group are being caught up. Both fell sharply yesterday: Babcock (BNB) fell nearly 8% to $11.11, just 6c above its year low. Macquarie shed more than 6%, or $3.20, to hit $50.06 at the close. Macquarie has lost 32% ...
Senate Banking panel to hold investment bank hearing (Reuters via Yahoo! News)
The Senate Banking Committee is planning to hold a hearing next Tuesday to examine underwriting practices at some of the top investment banks, a source familiar with the matter told Reuters on Tuesday.
India's RBI Eases Foreign Investment Norms (Nasdaq)
(RTTNews) - Wednesday, India's Reserve Bank of India, in an effort to pass on more flexibility in foreign investment permitted Indian companies to invest more than 400% of their net worth in energy and natural resources sectors, such as oil, gas, coal and mineral ores.
RUXX investment index set to open 1.61% down (Russian Information Agency Novosti)
MOSCOW, June 4 (RIA Novosti) - Russia's investment index will open Wednesday at 1,033.26 points, down 1.61% following Tuesday evening's sessions on major world trading floors.