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Investment News Aug 2008

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SKorea's Woori Investment seeks European bank: spokesman
South Korean brokerage Woori Investment and Securities said Friday it was considering spending up to two billion dollars buying a European investment bank and was looking at about 20 possibilities. (Fri, 29 Aug 2008 06:34:20 GMT)

Ca Mau attracts major investment
VietNamNet Bridge - The southernmost province of Ca Mau is becoming an attractive investment destination in the south, according to a local official. (Fri, 29 Aug 2008 07:13:32 GMT)

Higher investment income boosts pension fund's earnings
MANILA, Philippines - Increased investment income boosted earnings of a state-led pension fund for private employees, indicating its capacity to become profitable while meeting its members’ needs. (Fri, 29 Aug 2008 07:30:33 GMT)

India's Tata Capital hires investment banking head
MUMBAI, Aug 29 (Reuters) - India's Tata Capital has appointed a former CLSA official to head its investment banking as it expands operations, the company said on Friday. (Fri, 29 Aug 2008 07:59:46 GMT)

Hungary investment volume falls preliminary 2.1% yr/yr in Q2
Investments in Hungary fell 2.1 % year-on-year in volume terms in the Q2 of 2008 and H1 investment was down 3.3% year-on-year, preliminary figures published by the Central Statistics Office (KSH) on Friday show. (Fri, 29 Aug 2008 08:20:07 GMT)

Tata Capital hires investment banking head
MUMBAI (Reuters) - Tata Capital has appointed a former CLSA official to head its investment banking as it expands operations, the company said on Friday. (Fri, 29 Aug 2008 08:27:37 GMT)

Stewart Enterprises retains investment banks
Funeral services provider Stewart Enterprises Inc. said Friday it is retaining investment banks Goldman Sachs & Co. and Skadden, Arps, Slate, Meagher & Flom LLP as it considers its strategic options. (Fri, 29 Aug 2008 10:53:36 GMT)

TAX TREATMENT ON GROUP RELIEF ENHANCED TO PROMOTE PRIVATE SECTOR INVESTMENT
KUALA LUMPUR, Aug 29 (Bernama) -- To further promote private sector investment, the government has proposed that the tax treatment on group relief be enhanced by allowing losses for the purpose of offsetting be increased to 70 percent from 50 percent. (Fri, 29 Aug 2008 12:07:16 GMT)

China Power Investment Corp. to invest 2.8 bln yuan in wind power plant
China Power Investment Corporation, one of the country's five power giants, said here on Friday it was investing 2.8 billion yuan (410 million U.S. dollars) in building a wind power plant, the largest of its kind in the northeastern Liaoning Province. Upon completion, the plant will have an installed capacity of 300,000 kw, generating more than 700 million kwh of power annually, according to a ... (Fri, 29 Aug 2008 14:28:17 GMT)

Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs rose $1.78 or 1.1 percent, to $163.61. Lehman Brothers fell $.11 or .7 percent, to $15.76. (Fri, 29 Aug 2008 15:24:21 GMT)

Phoenix investment operation staying downtown
Hartford-based Phoenix Companies Inc. has spun off its Phoenix Investment Partners as an autonomous business, but the spin-off didn’t go beyond the city limits. (Fri, 29 Aug 2008 16:23:04 GMT)

Microchip boosts Indian R&D investment
Microchip Technology Inc. plans to expand its R&D center in India with an additional investment of $65 million. (Fri, 29 Aug 2008 16:58:22 GMT)

North East harbour celebrates multi-million pound investment
An Aberdeenshire harbour is celebrating after a new multi-million pound investment was revealed. The port of MacDuff officially opened a new £4million sliproad which owners are hoping boosts the fortunes of the town. (Fri, 29 Aug 2008 17:22:26 GMT)

Fed Said to Mull New Bank Investment Rules
The Federal Reserve may clarify existing rules that could lead to buyout shops taking increasing more stakes in investment banks and may even lead to outright takeovers, Reuters reported. (Fri, 29 Aug 2008 17:25:40 GMT)

Sector Snap: Investment Banks
Shares of investment banks rose Friday afternoon despite a fall in the broader market as the government said personal incomes fell last month while consumer spending slowed. (Fri, 29 Aug 2008 18:49:27 GMT)

India growth dips as rates hit investment
India's economy decelerated to its slowest growth rate in three and a half years in the first quarter of this fiscal year, as higher interest rates forced companies to begin easing back on investment. (Sat, 30 Aug 2008 02:17:07 GMT)

China Power Investment Corp. to invest 2.8 bln yuan in wind power plant
China Power Investment Corporation, one of the country's five power giants, said here on Friday it was investing 2.8 billion yuan (410 million U.S. dollars) in building a wind power plant, the largest of its kind in the northeastern Liaoning Province. Upon completion, the plant will have an installed capacity of 300,000 kw, generating more than 700 million kwh of power annually, according to a ... (Sat, 30 Aug 2008 04:16:13 GMT)

Before investment, analyzing market, sale is important to success of deal Real estate Q&A
Q: I would like to ask your opinion about a real estate investment. It appears that the timing is right to buy a beach condo as an investment, assuming that the rental history is good and that the unit is in sound condition. We are looking at the Myrtle Beach, S.C., area. I have some rental houses in North Carolina, but don't know much about beach real estate. Are there red flags that I should ... (Sat, 30 Aug 2008 05:18:33 GMT)

New York now key to investment in Wales
THE business assist and inward investment arm of the Welsh Assembly Government has brought its North American offices under one roof. (Sat, 30 Aug 2008 05:49:51 GMT)

Phoenix investment operation staying downtown
Hartford-based Phoenix Companies Inc. has spun off its Phoenix Investment Partners as an autonomous business, but the spin-off didn’t go beyond the city limits. (Sat, 30 Aug 2008 05:51:07 GMT)

Southcoast Investment Group has Partnered with Layton Energy to Raise Capital for Multiple-Well Drilling Projects
Southcoast Investment Group has partnered with Layton energy to raise capital for multiple-well drilling projects. Layton Energy Corporation is a privately held company primarily engaged in the upstream oil & gas industry. Southcoast Investment Group will help raise funds from accredited investors for public limited partnerships set up to finance these projects. (Sat, 30 Aug 2008 07:01:00 GMT)

MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says
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. (Sat, 30 Aug 2008 07:11:02 GMT)

China Power Investment to invest 2.8b yuan in wind power plant
China Power Investment Corporation, one of the country's five power giants, said in Beijing on Friday it was investing 2.8 billion yuan ($410 million) in building a wind power plant, the largest of its kind in the northeastern Liaoning Province. (Sat, 30 Aug 2008 07:14:55 GMT)

PNB SMART INVESTMENT CLUB POISED TO PRODUCE QUALITY STUDENTS
PASIR PUTEH, Aug 30 (Bernama) -- A total of 3,000 students from 103 secondary schools nationwide have joined the Permodalan Nasional Berhad (PNB) Smart Investment Club, (Sat, 30 Aug 2008 07:16:54 GMT)

Southcoast Investment Group has Partnered with Layton Energy to Raise Capital for Multiple-Well Drilling Projects
Southcoast Investment Group has partnered with Layton energy to raise capital for multiple-well drilling projects. Layton Energy Corporation is a privately held company primarily engaged in the upstream oil & gas industry. Southcoast Investment Group will help raise funds from accredited investors for public limited partnerships set up to finance these projects. (PRWeb Aug 30, 2008) Read the ... (Sat, 30 Aug 2008 09:15:05 GMT)

Meghalaya offers tremendous investment opportunities
Mumbai, Aug 29 (UNI) Meghalaya has tremendous investment opportunities that lay in its resource endowments, Chief Minister Dr Donkupar Roy said here today. (Sun, 31 Aug 2008 02:21:48 GMT)

Be wary of emotional influence on investment decisions
When it comes to deciding which investment to purchase, our emotions tend to be a factor in determining what we add to our portfolio. That’s unfortunate because our decision should be based on what investment we need the most according to our situation. Slick financial salespeople often use tactics to make us believe what they offer is the best solution. They do this by the way they make their ... (Sun, 31 Aug 2008 04:08:09 GMT)

China Investment Fund to Buy Japanese Stocks, Mainichi Reports
Aug. 31 (Bloomberg) -- China Investment Corp. , which manages that nation's $200 billion sovereign wealth fund, will start investing in Japanese stocks as early as the current fiscal year, the Mainichi newspaper said. (Sun, 31 Aug 2008 05:02:05 GMT)

MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says
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. (Sun, 31 Aug 2008 06:19:55 GMT)

Phoenix investment operation staying downtown
Hartford-based Phoenix Companies Inc. has spun off its Phoenix Investment Partners as an autonomous business, but the spin-off didn’t go beyond the city limits. (Sun, 31 Aug 2008 06:37:09 GMT)

Iraqi Kurdistan still a tough sell to investors
ARBIL, Iraq (Reuters) - Iraqi Kurdistan has been primed for a wave of foreign investment for years, but officials say the grand goals of a relatively peaceful northern enclave are frustrated by violence plaguing the rest of Iraq. (Sun, 31 Aug 2008 08:06:12 GMT)

Swicorp Joussour completes another glass investment in UAE
Swicorp Joussour Company, a Saudi joint stock company capitalized at SR2.67bn managed by Swicorp, announced today that it has acquired a strategic stake in RAK Ghani Glass LLC (RAK Ghani) in a joint venture with RAK Investment Authority, JS Group and Ghani Glass Ltd. Financial details of the transaction were not disclosed. (Sun, 31 Aug 2008 08:39:40 GMT)

MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says
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. (Sun, 31 Aug 2008 09:11:02 GMT)

China National Audit Office Says Continued Investment In Telecom Sector A Waste
(RTTNews) - The National Audit Office in a report to the fourth session of the Standing Committee of the 11th National People's Congress indicated the continuing investment in the telecom sector was a waste as the nation is beset under-utilized cables and other infrastructure already available. (Sun, 31 Aug 2008 09:47:01 GMT)

Investment may weaken with growth rate of 7.5%: Citigroup 31 Aug 2008, 1541 hrs IST,PTI
NEW DELHI: Global financial services major Citigroup has projected that investment trends in India may weaken as the impact of monetary tightening sets in, with the entire year clocking a slower growth rate of 7.5 per cent. (Sun, 31 Aug 2008 10:31:35 GMT)

STMicro aims for 12-20 pct investment returns
MILAN - Franco-Italian STMicroelectronics, which has just announced a joint venture in wireless chips and software with Ericsson, aims for a return on investment between 12-20 percent, its CEO told a newspaper. (Sun, 31 Aug 2008 12:04:25 GMT)

Investment bank jobs 'to be axed'
Up to 1,200 City jobs look set to be axed at Dresdner Kleinwort if a nine billion euro (£7.3bn) takeover of the investment bank goes ahead, it has been reported. (Sun, 31 Aug 2008 12:27:04 GMT)

UAE's Alf Yad announces a venture capital investment in EmBio
UAE's Alf Yad announces a venture capital investment in EmBio (Sun, 31 Aug 2008 16:01:48 GMT)

UK investment to climb in Viet Nam
VietNamNet Bridge - The UK’s foreign direct investment in Viet Nam is expected to rise, the British ambassador to Viet Nam, Mark Kent (photo), has said. (Sun, 31 Aug 2008 16:58:32 GMT)

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