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Investment News Jun 2008

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Australian paper says curbing China investment a mistake
Australian newspaper "The Australian" said in an article on Monday that Australia will not realize its potential wealth from minerals without opening its doors to Chinese investment. "The idea that allowing government-owned Chinese ... (Mon, 30 Jun 2008 05:37:49 GMT)

Spat roils a once- fast-growing investment firm
A clash at Ballentine, Finn & Co. Inc., one of the state’s largest and fastest-growing wealth management firms in recent years, has driven a wedge between its founding partners and triggered a legal tussle over the $5 billion investment shop’s client data and proceeds. (Mon, 30 Jun 2008 05:53:20 GMT)

The Australian says curbing China investment a mistake
Australian newspaper "The Australian" said in an article on Monday that Australia will not realize its potential wealth from minerals without opening its doors to Chinese investment. (Mon, 30 Jun 2008 06:17:33 GMT)

Most foreign investment in Myanmar goes into oil and gas sectors
More than 90 percent of foreign investment in Myanmar last year was funneled into the oil and gas sectors, according to a recently released government report. (Mon, 30 Jun 2008 06:54:00 GMT)

South Africa: Malema Calls for ANCYL Investment Arm to Be Dissolved
THE African National Congress Youth League (ANCYL) is expected to announce today whether it will dissolve its controversial investment arm, Lembede Investment Holdings , after heated debate at its national conference at Nasrec in Johannesburg at the weekend. (Mon, 30 Jun 2008 07:17:10 GMT)

RHB INVESTMENT INTRODUCES NEW ISLAMIC MONEY MARKET PRODUCT
KUALA LUMPUR, June 30 (Bernama) -- RHB Investment Management Sdn Bhd has introduced a new Islamic money market product, RHB Islamic Cash Management Fund (RHBICMF), to give corporate and institutions another option of diversifying their investment portfolio. (Mon, 30 Jun 2008 09:50:30 GMT)

U.S. to encourage Russian investment - Paulson
MOSCOW. June 30 (Interfax) - U.S. Treasury Secretary Henry Paulson said in Moscow on Monday that America would welcome Russian investment in its economy. (Mon, 30 Jun 2008 12:52:01 GMT)

Investment sales dip in May
Net sales of retail investment products dipped in May as brittle investor confidence took another hit, according to data issued on Monday by the Investment Management Association (IMA). (Mon, 30 Jun 2008 12:54:00 GMT)

Investment banker Jeffrey Epstein pleads guilty to solicitation of prostitution
He lives in a Palm Beach waterfront mansion and has kept company with the likes of President Bill Clinton, Prince Andrew and Donald Trump, but investment banker Jeffrey Epstein will call the Palm Beach County jail home for the next 18 months. (Mon, 30 Jun 2008 14:47:08 GMT)

East Africa: Why EAC's Trade, Investment Policies Must Be Revisited
Kigali has just played host to the East Africa Investment Conference on June 26 to 28, 2008, taking place back-on-back with the Summit of the EAC Heads of States. (Mon, 30 Jun 2008 15:16:19 GMT)

Kenya: U.S. $312 Million Investment Plan for Kisumu
The Kenya Railways Corporation yesterday unveiled an ambitious Kshs20billion (US$ 312million) investment plan that will see the city of Kisumu transformed to a top tourist destination and one of the best regional towns in eastern Africa. (Mon, 30 Jun 2008 15:18:29 GMT)

David J. Brenia, Robert S. Clark, and Joseph Krocheski Appointed Comanagers at Turner Investment Partners
David J. Brenia, Robert S. Clark, and Joseph Krocheski have been appointed comanagers in the Core/Value Equity Investing Team at Turner Investment Management, a Hartford, Connecticut-based subsidiary of Turner Investment Partners. Headquartered in Berwyn, Pennsylvania, Turner Investment Partners manages growth, value, core, and quantitative portfolios on behalf of institutions and individuals. (Mon, 30 Jun 2008 15:55:15 GMT)

Opening Glance: Investment Banks
Shares of investment banks fell in Monday morning trading, as an analyst said Merrill Lynch & Co. is likely to post a loss during the fourth quarter and might need to raise capital. (Mon, 30 Jun 2008 15:55:45 GMT)

Best Buy completes Carphone Warehouse investment
Electronics retailer Best Buy Co. and The Carphone Warehouse Group PLC, Europe's largest cell-phone retailer, said Monday Best Buy's investment in The Carphone Warehouse is now complete. (Mon, 30 Jun 2008 15:56:05 GMT)

Foreign investment in Myanmar more than triples
Foreign investment in Myanmar's oil and gas sectors more than tripled last year to US$474.3 million, according to a recently released government report. (Mon, 30 Jun 2008 16:43:34 GMT)

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