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Investment News 09/2008



Manufacturers cut staffing and investment as orders hit a three-year low (Independent)
New orders for the UK's industrial output have slumped to a three-year low as a "winter of economic discontent" looms, and manufacturers are pulling back on staffing and investment in the face of increasingly gloomy predictions.
Phoenix investment operation staying downtown (Journal Inquirer)
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.
Real-estate investment clubs, advisors profiting (Bradenton Herald)
During the 33 years he has invested in real estate, Miami-born David Dinkel has individually rehabbed and resold about 680 houses in South Florida. The officer of one of the region's largest real-estate investment clubs says he hasn't seen the market this ripe with opportunity in at least 15 years.
Fortune Oil: Secures GBP39 Million Investment In Gas Business (Nasdaq)
LONDON -(Dow Jones)- Fortune Oil said Monday a conditional Subscription Agreement has been signed for an investment in Fortune Gas Investments Holdings, a newly created holding company for Fortune Oil's gas business, for $72 million (GBP39 million).
Basic Investment Objectives (Investopedia)
The options for investing our savings are continually increasing, yet every single investment vehicle can be easily categorized according to three fundamental characteristics - safety, income and growth - which also correspond to types of investor objectives.
European investment banks' dividends at risk (Budapest Business Journal)
European investment banks are unlikely to return to double-digit revenue growth “anytime soon” and their dividends are at risk due to tightening regulatory capital constraints, an analyst at ING said.
Bahrain's Mumtalakat eyes investment abroad (MENAFN)
Bahrain's Mumtalakat eyes investment abroad
China Investment Corp to start investing in Japan stocks (China Daily)
Sovereign wealth fund China Investment Corp (CIC) will begin to invest in the Japanese stock market, the Mainichi Shimbun reported, citing sources familiar with the matter.
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.
Runcom gets $10 mn venture capital investment (Chennai Online)
RISHON LEZION, ISRAEL: Runcom Technologies Ltd., a provider in OFDMA based silicon solutions for WiBro and Mobile WiMAX applications, today announced that it has secured a $10 million Series C investment by TLcom Capital LLP, a London based venture capital firm. The statement reporte...
SKorea, Uruguay discuss bilateral investment (AP via Yahoo! Singapore News)
The leaders of South Korea and Uruguay discussed bilateral investment Monday during the first-ever visit to the Asian country by an Uruguayan president.
GAM hires Mark Hawtin as investment director (Money Marketing Online)
GAM has appointed Mark Hawtin as investment director to its London office. ...
S Korea plans to stimulate investment by cutting taxes (People's Daily)
The South Korean government announced on Monday its plan to conduct a wide range of tax reforms in an attempt to boost the country's slowing economy by promoting more private consumption and corporate investment. According to the Ministry of Finance and Strategy, the envisioned plan will save people an estimate of 14.2 trillion won (13.1 billion U.S. dollars) in tax payments by the end of 2009, ...
South Korea, Uruguay discuss bilateral investment (Philstar.com)
SEOUL (AP) - The leaders of South Korea and Uruguay discussed bilateral investment today during the first-ever visit to the Asian country by an Uruguayan president.
Zambia mines body urges stable investment policy (Reuters via Yahoo! Singapore News)
LUSAKA, Sept 1 (Reuters) - The Zambian government must KEEP a stable investment environment in order to sustain copper production after the recent death of President Levy Mwanawasa, the head of the Chamber of Zambian Mines (CZM) said on Monday.
Runcom gets $10 mn venture capital investment (CIOL)
RISHON LEZION, ISRAEL: Runcom Technologies Ltd., a provider in OFDMA based silicon solutions for WiBro and Mobile WiMAX applications, today announced that it has secured a $10 million Series C investment by TLcom Capital LLP, a London based venture capital firm.
Cape Lambert Iron announces investment plan worth US$45 Mln Marampa Iron Ore Project in Sierra Leone - Update (Nasdaq)
(RTTNews) - Monday, Cape Lambert Iron (CLIO.L), iron ore company based in Australia announced its plans for 30% investment worth US$45 Million in Marampa Iron Ore Ltd, an owner of the exploration stage Marampa iron ore project in Sierra Leone.
(AFX UK Focus) 2008-09-01 16:45 INTERVIEW-Serb oil monopoly NIS needs 2 bln eur investment (Interactive Investor)
BLED, Slovenia, Sept 1 (Reuters) - Serbia's oil monopoly NIS needs an investment of up to two billion euros in the next three years to be able to compete with big oil companies after market liberalisation, an executive said on Monday. Unless there is more investment, the company will not be able to reach the European Union standards for the fuel it refines and will lose market share, said ...
Vietnam needs more adventure investment funds for hi-tech (Vietnam Net)
VietNamNet Bridge – The Ministry of Science and Technology will submit the Law on Hi-Tech to the National Assembly for approval this October. The draft Law on Hi-tech has articles on the establishment and operations of hi-tech adventure investment funds.
Thai listed firms raise investment in fixed assets in Q2/ 2008 (Thaipr.net)
Çѹ·Õè 2 ¡Ñ¹ÂÒ¹ 2551 08:29 ¹. Collectively, Thai listed companies invested more than THB 94 billion (approx. USD 2.74 billion) in total in Q2/2008, or 25.2% more than for the same quarter in 2007, in fixed assets, with the Resources Group recording the highest investment at THB 41 billion (approx.
SIPs: A long-term investment strategy (rediff.com)
Investors often mistake SIPs as an investment avenue rather than a mode of investing in mutual funds
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.
Aabar Investments PJSC and the International Petroleum Investment Company announce a strategic partnership (AME Info)
Following our previous announcements in July and August 2008, the Board of Directors ('Board') of Aabar Investments PJSC ('Aabar' or the 'Company') and the International Petroleum Investment Company ('IPIC') announce a strategic partnership and vision to build a pre-eminent global investment company.
Phoenix investment operation staying downtown (Journal Inquirer)
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.
Bhutan seeks investment from Bangladesh (Gulf Times)
Our Correspondent DHAKA: A Bhutanese business delegation has urged Bangladesh’s business community to invest in Bhutan to reap maximum benefit from their investment.
Investment move saves Randolph $50K (The Brockton Enterprise)
Part-time town employees have been enrolled in a new state retirement investment account, a move which will save the town close to $50,000 this year.
UAE- IPIC to buy Dh6.68b convertible bonds of Aabar Investment Company (MENAFN)
UAE- IPIC to buy Dh6.68b convertible bonds of Aabar Investment Company
German firms seek investment options (Việt Nam News)
HA NOI — A delegation of more than 30 German enterprises will visit Viet Nam early this month to seek trade and investment opportunities, announced the Viet Nam Chamber of Commerce and Industry (VCCI).
Change Capital Triples Investment on Jil Sander Fashion Label (Bloomberg.com)
Sept. 2 (Bloomberg) -- Change Capital Partners LLP, the private-equity firm selling Jil Sander AG , will reap more than three times its original investment in the fashion brand, according to two people with knowledge of the transaction.
Korean bank eyes stake in ailing US investment firm (GMA News)
SEOUL, South Korea - The head of Korea Development Bank said Tuesday that the state-owned lender is in talks to acquire troubled U.S. investment bank Lehman Brothers.
400+ Early Stage Investment Groups Join Up Online (Centre Daily Times)
A majority of the world's early stage investment networks can now be reached online through a single web site that was unveiled today. For the first time, entrepreneurs are able to browse over 400 angel investment groups and early-stage venture capital funds at www.angelsoft.net, and apply for financing using a single common application.
Baird expands investment banking in Asia (BizJournals)
Robert W. Baird & Co. has expanded its investment banking operations in Asia by hiring Anthony Yan-Hong Siu as managing director.
Investment companies complete IdleAire purchase (Knoxville News Sentinel)
Six investment management companies completed their $17.5 million purchase of IdleAire Inc. and now own essentially all of the bankruptcy company’s assets, the company announced today.
BrightDoor Secures A1 Round of Investment Funding (Broadcast Newsroom)
CARY, N.C., BUSINESS WIRE -- BrightDoor Systems, Inc., announced today that it has received $2 million in an A1 round of investment funding led by Comprehensive Financial Management.
Measurisk Joins JPMorgan’s Alternative Investment Services Former Bear Stearns risk analytics affiliate Measurisk will ... (Finance Technology Network)
Risk analytics provider Measurisk is now part of JPMorgan's' Alternative Investment Services offering.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $2.96 or 1.8 percent, to $166.93. Lehman Brothers rose $.50 or 3.1 percent, to $16.59.
Triangle region attracts $1 billion in new investment (The News & Observer)
The nation's economic slowdown has not stopped investment in the Research Triangle area, a regional economic development group reported this morning.
Cleantech Investment Leader, Piper Jaffray's Lois Quam, to Deliver Clean Energy Conference Keynote (Centre Daily Times)
Lois Quam, Head of Strategic Investments at Piper Jaffray, a global investment bank with a leading clean technology and renewable energy team, will deliver the keynote address at the 2008 NJ Clean Energy Conference on October 17 at the Jersey City Hyatt Regency, New Jersey Board of Public Utilities (NJBPU) President Jeanne M. Fox announced today.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs rose $1.35 or .8 percent, to $165.32.
Baird expands into investment banking in China Firm Adds Anthony Siu, Managing Director, In Shanghai (Thaipr.net)
Baird, an employee-owned international capital markets, private equity, wealth and asset management firm, announced that it has expanded its global platform to include investment banking capabilities
German firms seek investment options (Vietnam Net)
VietNamNet Bridge - A delegation of more than 30 German enterprises will visit Viet Nam early this month to seek trade and investment opportunities, announced the Viet Nam Chamber of Commerce and Industry (VCCI).
Japan seeks $927m for investment (AME Info)
Japan has initiated talks with sovereign wealth funds in the Middle East to raise as much as 100 billion yen ($927m) to boost foreign investment, reported Bloomberg.
Laos decentralises investment approvals (Asia News Network)
Laos will grant provincial administrators unlimited power to approve business investments, provided they are not subject to environmental concerns, according to an investment policy maker.
Phoenix investment operation staying downtown (Journal Inquirer)
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.
South Africa: Rising Foreign Investment a Double-Edged Sword (AllAfrica.com)
IN THE past five years, SA has seen an extraordinary increase in dependence on foreign capital to fund investment.
EPF INVESTMENT INCOME UP 26.3 PCT TO RM5.2 BLN IN Q2 (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Sept 3 (Bernama) -- The Employees Provident Fund (EPF) registered RM5.2 billion in investment income in the second quarter of this year, up 26.3 percent in performance than the previous quarter.
SA needs R1 trillion energy investment: Erwin (SABC News)
It will take an investment of at least R1 trillion to prevent South Africa from becoming an energy-scarce country, Public Enterprises Minister Alec Erwin said.
Jordan: SSC's Investment Unit extends JD100m loan to Housing and Urban Development Corp. (Zawya)
03 September 2008 AMMAN (Petra) - The Investment Unit of the Social Security Corporation (SSC) approved on Tuesday a JD100 million loan to the Housing and Urban Development Corporation, the unit's President Mifleh Aqel said yesterday.
European Investment, Consumer Spending Drop as Economy Shrinks (Bloomberg.com)
Sept. 3 (Bloomberg) -- European consumer spending , company investment and exports declined in the second quarter, dragging the economy into a 0.2 percent contraction and pushing it to the brink of a recession.
European Investment, Spending Drop as Economy Shrinks (Update2) (Bloomberg.com)
Sept. 3 (Bloomberg) -- European company investment, consumer spending and exports declined in the second quarter, dragging the economy into a 0.2 percent contraction and pushing it to the brink of a recession.