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Investment News 08/2008



Morguard Real Estate Investment Trust reports Q2 profit of $14.4 million (Canadian Business)
MISSISSAUGA, Ont. - Morguard Real Estate Investment Trust (TSX: MRT.UN) reported a second-quarter profit of $14.4 million, down from a year ago when the trust earned $32.7 million.
UBS investment banking unit lawyer in NY probe: report (Reuters via Yahoo! News)
The general counsel for UBS AG's investment banking unit is at the center of a civil probe by New York's attorney-general into the Swiss bank's sales of auction-rate securities, the Wall Street Journal reported.
Zimbabwe: Minister Calls for Long-Term Investment in Agriculture (AllAfrica.com)
LONG-TERM investment in the agricultural sector is critical in enhancing the country's food security and sovereignty, Deputy Minister of Agriculture, Cde David Chapfika said yesterday.
Gates investment arm trashes Waste Management bid (Reuters via Yahoo! News)
Bill Gates's investment arm has waded into a brewing takeover battle between Waste Management Inc and Republic Services Inc , asking Waste Management to walk away.
India Is Second Best Country For Business Investment, Says U.S. Survey (Bernama)
NEW YORK, Aug 1 (Bernama) -- India is the second best country for business investment, a new survey of American corporate executives shows.
CIMB Investment Bank launches research newsletter (The Star)
The report, which is prepared by its award-winning research team, will deliver timely and relevant information in an easy-to-read format to help retail investors make better investment decisions.
China May Have to Wait for Chip Investment From Taiwan (PC World via Yahoo! News)
Taiwanese chip investment rules related to China may change, but companies are in no mood to invest.
Online stock brokerage launches new investment program (GMA News)
MANILA, Philippines - In a bid to encourage new investors to put their money in the stock market, listed online stock brokerage firm CitisecOnline on Friday launched an investment program which adopts a "peso-cost-averaging" system to minimize risk and maximize earning potential in the bourse over the long-term.
Apartment Investment and Management 2Q FFO dips (AP via Yahoo! Finance)
Apartment Investment and Management Co. said Friday its second-quarter funds from operations declined 13 percent on higher-than-expected expenses.
Apartment Investment and Management raises outlook (AP via Yahoo! Finance)
Apartment Investment and Management Co. on Friday raised its guidance for full-year funds from operations above Wall Street's estimates.
Rhinebridge senior creditors to recover 55% of investment-Deloitte (Market Watch)
LONDON (MarketWatch) -- Senior creditors of a collapsed $1.1 billion Structured Investment Vehicle, Rhinebridge PLC, should receive approximately 55% of their original investment, plus accrued interest, following an auction of a chunk of Rhinebridge's assets this week.
Nokia Expands in India and China with New Investment (BusinessWeek)
The Finnish telecom giant is doubling the size of its direct venture investment fund, with the goal of getting behind more startups in India and China
Jack Nash, 79; investment banker co-founded Odyssey Partners (Los Angeles Times)
Jack Nash, an investment banker who helped create the modern-day mutual fund and hedge fund businesses, has died. He was 79.
Moody's Cuts Office Depot To Non-investment Grade Of 'Ba1' (Fox News)
Moody's Cuts Office Depot To Non-investment Grade Of 'Ba1'
Hot Summer National Small Cap Conference Next Saturday Morning Presented by SCIA -- Southern California Investment ... (Broadcast Newsroom)
MONARCH BEACH, CA -- (MARKET WIRE) -- 08/01/08 -- Southern California Investment Association, Inc. will explode with brokers, high net worth investors, institutions and funds anticipating many new opportunities early Saturday morning, August 9th from 7:30 a.m. - 1 p.m. at the Orange County Airport Hilton, 18800 MacArthur Boulevard, Irvine, CA 92612, across the street from the John Wayne Airport ...
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
Shares of some top investment banks companies were mixed at the close of trading: GoldmanS fell $2.04 or 1.1 percent, to $182.00.
Forest Lake Minister Guilty of Defrauding 519 in $30 Million Investment Scheme (FOX 9 News Twin Cities)
A Forest Lake minister was found guilty Friday on a buffet of fraud charges in a $30 million, nationwide investment scheme. Neulan Midkiff, 66, was found guilty of eight counts of mail fraud, eight counts of wire fraud, one count of conspiracy to commit mail fraud and four counts of failure to file tax returns in the scheme, which defrauded 519 people.
BPU Investment Management opens office in Uniontown (Pittsburgh Tribune-Review)
BPU Investment Management Inc., a Pittsburgh-based money manager and financial planner, has opened an office in Uniontown.
Investment services coming to CNB (Southwest Iowa News)
David Gustafson/Valley News Today - TEAMING UP... Shenandoah’s City National Bank has partnered with Parker Norris Financial of Red Oak to offer a variety of investment services to area residents.
Sharia-compliant Tharawat Investment House launched with a capital investment of $33.25m (AME Info)
Tharawat Investment House, the Bahrain-based Sharia-compliant Islamic investment company was launched with a capital investment of $33.25m in the presence of company officials, guests and media representatives.
MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says (Crookston Daily Times)
An investment analyst with the Midwest Minnesota Community Development Corporation (MMCDC) who's familiar with Crookston's arena project and the city's request for tax credits told the Times Tuesday that MMCDC likes the project and finds it "very attractive." But, Julia Nelmark said, the tax credits might not be available to boost the arena budget.
Government investment of trust fund is not a 'raid' (The Sarasota Herald-Tribune)
I would like to reply to the recent letter titled "Move the Social Security Preservation Act forward," about Social Security funds and their investment.
MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says (Crookston Daily Times)
An investment analyst with the Midwest Minnesota Community Development Corporation (MMCDC) who's familiar with Crookston's arena project and the city's request for tax credits told the Times Tuesday that MMCDC likes the project and finds it "very attractive." But, Julia Nelmark said, the tax credits might not be available to boost the arena budget.
Hedge funds are snapping up delinquent mortgages / Investment banks happy to get rid of tainted loan assets (San Francisco Chronicle)
Guess who holds your mortgage now? It's your friendly neighborhood hedge fund. Dozens of hedge funds, private-equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans...
Middle Eastern investment in U.S. declines / Foreign funds' interest cools with economy (San Francisco Chronicle)
Armed with oil profits, two Middle Eastern buyers recently snapped up New York's Chrysler Building and General Motors Building for an estimated $3.7 billion. But their acquisitions of the two trophy office buildings belies their waning interest in U.S....
Kuwait Finance & Investment Company debuts on DFM (Zawya)
03 August 2008 DUBAI: Dubai Financial Market (DFM) announced the listing of Kuwait Finance & Investment Company (KFIC), incorporated in Kuwait. Company shares began trading on Thursday under the trading symbol "KFIC," which will appear on DFM screens, trading systems and publications.
Kuwait's wealth fund eyes triple investment in Japan (Zawya)
TOKYO, Aug 3 (KUNA) -- Kuwait may triple its investment in Japan up to USD 48 billion in light of conclusion of the bilateral double taxation avoidance pact, Kuwaiti Finance Minister Mustafa Al-Shimali said.
MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says (Crookston Daily Times)
An investment analyst with the Midwest Minnesota Community Development Corporation (MMCDC) who's familiar with Crookston's arena project and the city's request for tax credits told the Times Tuesday that MMCDC likes the project and finds it "very attractive." But, Julia Nelmark said, the tax credits might not be available to boost the arena budget.
Kuwait's wealth fund eyes triple investment in Japan (Zawya)
TOKYO, Aug 3 (KUNA) -- Kuwait may triple its investment in Japan up to USD 48 billion in light of conclusion of the bilateral double taxation avoidance pact, Kuwaiti Finance Minister Mustafa Al-Shimali said.
International players in the Asian investment story (Financial Times)
South Korea and Taiwan are rarely mentioned in these days of feverish product demand in China and disappointing market reports from Japan, but they are far more than a footnote in the Asian investment story.
Bahrain- BMB Investment Bank posts $4.2m profit in H1 (MENAFN)
Bahrain- BMB Investment Bank posts $4.2m profit in H1
Large fund houses turn to multi-asset investment styles (Financial Times)
Is it better to be a giant investment house, all things to all people, or to specialise, to be the very best at just one thing?
BMB Investment Bank semi annual income at $4.2m (AME Info)
BMB Investment Bank ('BMB' or the 'Bank') announced today its 2008 semi annual results with a net income of $4.2m as compared to $12.8m in the corresponding prior year period.
Kuwait Finance & Investment Company debuts on Dubai Financial Market (AME Info)
Dubai Financial Market (DFM) today announced the listing of Kuwait Finance & Investment Company (KFIC), incorporated in Kuwait.
Chamber pushes master plan for tourism, investment dev't (Sun Star)
THE Davao City Chamber of Commerce and Industry Inc. (DCCCII) is pushing for the drafting of a master plan for tourism and investment development of the city as contained in resolutions submitted by the chamber to Mayor Rodrigo R. Duterte.
Why Condos Are The Perfect Investment In Miami Real Estate (Turks.US)
If you are looking for the perfect investment in Miami, Florida; then you might want to consider purchasing a condo unit to be used for business or personal gains.
UBI sets sights on move into investment banking (Financial Times)
Union Bank of India, a mid-sized state-owned lender, has plans to expand into investment banking to tap a growing global market in which increasingly aggressive Indian companies are acquiring foreign rivals.
Kuwait To Triple Japan Investment To $48 Billion (Fox News)
Kuwait To Triple Japan Investment To $48 Billion
Kuwait to triple Japanese investment to $48 billion (Market Watch)
HONG KONG (MarketWatch) -- The Kuwait Investment Authority plans to triple its investments in Japan to $48 billion, according to a Nikkei business daily report Monday that cited Mustafa al-Shimali, Kuwait's finance minister.
MGIC Investment drops expansion into Canada, Australia (BizJournals)
MGIC Investment Corp.’s problems in the American mortgage industry have nixed the company’s international strategy.
Real estate investment tumbles; sales happening, but at slower pace (BizJournals)
Aggressive belt-tightening efforts by lenders and a dismal economy put the squeeze on the commercial investment property market in the Sacramento region during the past year.
Investment property market deals dry up (BizJournals)
After several banner years of investors snatching up commercial properties, the investment sales market has slowed considerably this year.
DIFC clarifies its position regarding 'Rashed Investment Bank' (AME Info)
DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai.
Thailand's PTT plans $954m investment (MENAFN)
Thailand's PTT plans $954m investment
Al Rajhi Investment Group acquires majority in 'Core Construction Company' (AME Info)
Al Rajhi Investment Group (ARIG), a leading diversified business group located in KSA with business interests throughout the region, has announced today acquiring a majority in 'Core Construction Company' of UAE.
DIFC Clarifies Its Position Regarding 'Rashed Investment Bank' (Zawya)
Dubai - Monday 04 August 2008: DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai.
Kuwait eyes Cambodian farmland for investment (AP via Yahoo! Finance)
Kuwait is eyeing Cambodian farmland for investment in agriculture to produce food supply for the oil-rich Gulf state, a minister said Monday.
Investment tool helps you stay the course with your goals (Tacoma News Tribune)
In volatile markets, it’s easy to lose your cool and stray from your investment goals. One tool that can help you stay the course is a dividend reinvestment plan, or DRIP. They give shareholders the option of reinvesting dividends in company stock rather than taking cash payouts.
Boston Private to Increase Investment in Bingham, Osborn & Scarborough, LLC (Centre Daily Times)
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) today announced it has increased its investment in Bingham, Osborn & Scarborough, LLC (BOS) of San Francisco and Silicon Valley, California to 70%. Boston Private initially acquired a 20% interest in BOS in February 2004 and through additional investments over the past 3 years increased its ownership as of December 31, 2007 to approximately ...
Rio Tinto Announces US$652 Million Investment in Continued Pre-Feasibility Studies on Deep Porphyry Copper Deposit in ... (Centre Daily Times)
Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona.