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Investment News 11/2008



Delray Beach man sentenced in investment scheme (Sun-Sentinel)
A federal court has sentenced a Delray Beach man to spend four years in prison and pay more than $6 million in restitution for persuading people to put money into a dead-end investment scheme, the U.S. Attorney's Office announced Friday.
Gov't-run investment programs may be adjusted (RosBusinessConsulting)
RBC, 01.11.2008, Moscow 09:37:46. The financial parameters in investment programs of natural monopolies, large companies, including those with government stakes, as well as companies targeted by the federal investment program could be adjusted after their efficiency is checked, Russia's Prime Minister Vladimir Putin stated during a meeting addressing economic issues.
Global oil giants to expand investment in Indonesia (People's Daily)
The world's largest oil company Exxon Mobile Corp. and Japan's largest explorer Inpex Corp. pledged a total investment of at least 144.5 million U.S. dollars in new blocks in Indonesia over the next three years, with their newly won exploration rights, an official was quoted by the Jakarta Post as saying on Saturday. The two companies were among the winners of nine new oil and gas blocks ...
Employee pension investment prompts fears of high risk (Asbury Park Press)
The State Investment Council, the shepherd of the state employees' pensions, is increasing its investment in a controversial hedge fund that handles corporate debt, which some said Friday sounds like a potentially high risk.
Employee pension investment prompts fears of high risk (Asbury Park Press)
The State Investment Council, the shepherd of the state employees' pensions, is increasing its investment in a controversial hedge fund that handles corporate debt, which some said Friday sounds like a potentially high risk.
German chancellor calls for international investment program (Islamic Republic News Agency)
Germany - Economy - Merkel German Chancellor Angela Merkel urged an international investment program aimed at stemming the deepening global economic crisis.
Delray man faces prison for investment scheme (WPTV West Palm Beach)
A Delray Beach man will be going to prison for his part in an investment scheme.
UPDATE: Turkey Upgrades Public Investment To TRY37.7 Billion In '09 -IHA (Nasdaq)
ANKARA -(Dow Jones)- Turkish Deputy Prime Minister Nazim Ekren said Saturday that the government has increased the target for total public investment by 22.9% to 37.7 billion new Turkish lira ($24.56 billion) in the 2009 budget, from TRY30.5 billion in 2008.
Commissioners expand investment opportunities (North Platte Telegraph)
The North Platte Telegraph According to Lincoln County Commissioner Joe Hewgley, the investment of county tax dollars is nothing new. Hewgley said the board has always invested into failsafe investments such as CDs and treasury bills.
Tourism industry must attract private sector investment: official (mehrnews.com)
TEHRAN, Nov. 1 (MNA) -- To attract private sector investment in the tourism industry, officials must inform entrepreneurs that there is profit to be made, the chairman of the Iranian Chamber Of Commerce’s Tourism Committee said here on Friday.
UAE Keen to Boost Investment in US (Khaleej Times)
WASHINGTON — The United Arab Emirates is eager to increase investment in the United States and sees good opportunities as the global financial crisis has cut the price of many companies, a senior UAE official said on Friday.
$0.56 million foreign portfolio investment received in October (Business Recorder)
KARACHI (November 02 2008): A fresh inflow of over $0.56 million of foreign investors' portfolio investment (FIPI) in the country's equity market was observed in October, 2008, out of which $0.349 million came in the last week of the month.
‘Investment Returns Difficult To Predict’ (BruDirect.com)
Bandar Seri Begawan - Investment returns are difficult to predict especially as it relies heavily on the situation of the inconsistent global economic and investment markets.
Investment plans change as retirement approaches (Akron Beacon Journal)
Q: I thought you were an investment guru. Instead, you apparently park a lot of money in the bank. Do you recommend safety first and don't get involved in stocks and bonds?
ME's valuations attractive for investment (Zawya)
Valuations in the Middle East are attractive now and hence, this is the right time to look at various investment options in the region, said Patrick Merville, deputy regional manager and head of institutional sales for the Middle East, Man Investments.
Miami Beach Condo Would Still be a Good Investment (Turks.US)
When you think of Miami Beach, you will already know that this is an area that can be a good market. Thus, when you are planning to invest in a Miami Beach condo, you will know that this investment can still be good even if you are not so sure with the other markets.
Commissioners expand investment opportunities (North Platte Telegraph)
The North Platte Telegraph According to Lincoln County Commissioner Joe Hewgley, the investment of county tax dollars is nothing new. Hewgley said the board has always invested into failsafe investments such as CDs and treasury bills.
The Dubai Export Development Corporation and The Arab Investment & Export Credit Guarantee Corporation join forces (Zawya)
02 November 2008 The Dubai Export Development Corporation (EDC) and The Arab Investment & Export Credit Guarantee Corporation (DHAMAN) have joined forces to support local and regional export sectors in the UAE by providing trade credit insurance to cover exports from the UAE.
Libyan leader Gaddafi invites Russian investment, business (New Kerala)
Moscow, Nov 2: Libyan leader Muammar Gaddafi has said his government is keen to expand cooperation with Russia beyond the military and political sphere into trade and commerce and invited Russian investment and business to his country.
Moore Hires Coffey as Co-Chief Investment Officer in Europe (Bloomberg)
Nov. 2 (Bloomberg) -- Moore Capital Management LLC, the hedge fund founded by Louis Bacon , said it hired Greg Coffey , former GLG Partners Inc.'s top-performing money manager, to be co-chief investment officer of its European business.
Saudi investment team looking at DA projects in Davao region (GMA News)
DAVAO CITY, Philippines - Saudia Arabia and has sent a seven-member technical team to the Davao region to look into possible investment areas in the agriculture sector.
Federal government won’t cut large investment programs – Shuvalov (Itar-Tass)
MOSCOW, November 2 (Itar-Tass) -- The federal government will not review parameters of large investment programs, First Deputy Prime Minister Igor Shuvalov told the Vesti news channel on Sunday.
New South Wales to Lease Power Trading to Encourage Investment (Bloomberg)
Nov. 1 (Bloomberg) -- New South Wales, Australia's most populous state, plans to lease rights to trade power on the wholesale market to encourage private investment and reduce risks for the state government.
03-11-2008: RHB Investment to focus on private placements, restructuring deals (The Edge Daily)
KUALA LUMPUR: RHB Investment Bank Bhd will focus on arranging corporate private placements of shares and bonds as well as restructuring deals in the midst of the lull in corporate exercises including initial public offerings (IPOs).
Moore Hires Greg Coffey as European Co-Chief Investment Officer (Bloomberg)
Nov. 3 (Bloomberg) -- Moore Capital Management LLC, founded by Louis Bacon almost two decades ago, tapped Greg Coffey , former GLG Partners Inc.'s top-performing money manager, to be co-chief investment officer of Moore's European business.
Microsoft chief urges growth through investment in tough times (AFP via Yahoo! News)
Microsoft chief Steve Ballmer said Monday that growth through investment is the key for companies struggling to ride out an economic slowdown.
Yuska doles out investment wisdom to $75M crowd (BizJournals)
DURHAM – Wall Street might be in near tatters, but the optimistic search for a return on investment never stops.
Microsoft chief urges growth through investment in tough times (TODAYonline)
File photo of Microsoft chief Steve Ballmer, who said Monday that growth through investment is the key for companies struggling to ride out an economic slowdown.
Development corridors need more investment (The Star)
KUALA LUMPUR: More needs to be done to get investment into the development corridors. Minister of International Trade and Industry Tan Sri Muhyiddin Yassin said initiatives need to be taken to promote the economic development corridors to encourage investment flows into the areas.
Investment options for feedlotters (Queensland Country Life)
Business investment options for the cattle feedlot industry will be the focus of a free seminar to be held at the Dalby RSL on November 19.
SSM investment portfolio loses $180 million in value (BizJournals)
Local health-care systems are tightening their belts and delaying projects as their investment portfolios languish in the current market turmoil.
Kuwait backs investment firms in face of crisis (AP via Yahoo! Finance)
Kuwait's official news agency says its government will back local investment firms in the face of the global financial crisis.
How investment clubs are reacting to market (CNN)
The Beardstown Ladies, the famous investment club founded in 1983 by a group of grandmotherly women in Beardstown, Illinois, have seen their share of market crises.
Deputy Secretary Robert M. Kimmitt Remarks at the U.S.-Iraq Dialogue on Business and Investment Climate (United States Department of the Treasury)
It is a pleasure to join in welcoming you to the Dialogue on Business and Investment Climate.
Delta Petroleum Up 6% In Pre-market On Tracinda Investment (Fox News)
Delta Petroleum Up 6% In Pre-market On Tracinda Investment
PRIVATE SECTOR INVITED TO JOIN SELANGOR INVESTMENT PROMOTION MISSION (Bernama via Yahoo! Malaysia News)
SHAH ALAM, Nov 3 (Bernama) -- Entrepreneurs and professionals who are interested to explore business opportunities and to network with their counterparts in Taiwan are invited to join the Selangor government's study tour-cum-investment promotion mission to the country from Dec 14 to 21 this year.
Reuters Summit-Kuwait investment firms face mergers-analyst (Reuters via Yahoo! Philippines News)
(For other news from the Reuters Middle East Investment Summit, click on (link) MiddleEastInvestment08?pid=500)
Oil chiefs warn of price spike if investment wanes (AP via Yahoo! News)
Oil executives and political leaders told a major petroleum conference Monday that the era of cheap energy is over, and warned of another price spike if investment in oil production is curtailed.
Oil chiefs warn of price spike if investment wanes (San Francisco Chronicle)
Oil executives and political leaders told a major petroleum conference Monday that the era of cheap energy is over, and warned of another price spike if investment in oil production is curtailed. "Prices are falling, but they're falling for the wrong reasons:...
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 fell $3.41 or 3.7 percent, to $89.09.
Real estate investment in Texas is down, but not out (BizJournals)
While Texas has fared better than most states, it has not escaped the investment slowdown that has gripped commercial real estate markets throughout the country.
Govt investment losses higher than expected - English (NZPA via Yahoo!Xtra News)
Investment losses unveiled in today's crown accounts are higher than expected but the overall plunge into the red is in line with predictions, National's finance spokesman Bill English says.
THAILAND REMAINS ATTRACTIVE INVESTMENT DESTINATION (Bernama via Yahoo! Malaysia News)
BANGKOK, Nov 4 (Bernama) -- Thailand remains an attractive investment destination for Japanese, European and Asean investors despite its political uncertainty, with 635 investment projects worth Bt221 billion received during the first nine months of 2008, compared to 604 in the same period last year.
BIsB to sponsor the third marketing and management forum for banking and investment institutions (AME Info)
Bahrain Islamic Bank (BIsB) has announced that it will sponsor the third marketing and management forum for banking and investment institutions, which is organized by the Arab Academy for Banking and Financial Sciences and the Human Investment Corporation of Kuwait, in cooperation with the American Bankers Association (ABA) under the patronage of Bahrain Central Bank.
Investment pros encourage diversifying money holdings at University of Rochester forum (Rochester Democrat and Chronicle)
Investment pros and academicians say market risk can be managed.
Beiersdorf Net Falls 17% on Higher Chinese Investment (Update1) (Bloomberg)
Nov. 4 (Bloomberg) -- Beiersdorf AG , the German maker of Nivea skin creams, reported a larger-than-estimated 17 percent drop in third-quarter profit on stepped-up investment in China after taking control of local hair-care company C-BONS in 2007.
Tenet swings to 3Q profit on investment gain (AP via Yahoo! News)
Hospital operator Tenet Healthcare says an investment-sales gain pushed it to a third-quarter profit, but the results fell shy of Wall Street expectations and the company expects a weakening economy to cut into 2008 results.
Tenet swings to 3Q profit on investment sale gain (Fort Worth Star-Telegram)
Tenet Healthcare Corp. said Tuesday it swung to a third-quarter profit on an investment sales gain, but the results fell shy of Wall Street expectations and the hospital operator cut its full-year outlook. The company earned $104 million, or 22 cents per share, after a loss of $59 million, or 12 cents per share, a year earlier. Revenue rose 6 percent to $2.16 billion. Excluding a $140 million ...
Tenet swings to 3Q profit on investment sale gain (San Francisco Chronicle)
Tenet Healthcare Corp. said Tuesday it swung to a third-quarter profit on an investment sales gain, but the results fell shy of Wall Street expectations and the hospital operator cut its full-year outlook. The company earned $104 million, or 22 cents per...
J.C. Flowers's Equita Bets on Investment Banking, Plans to Hire (Bloomberg)
Nov. 4 (Bloomberg) -- Equita Sim SpA , the Italian brokerage controlled by private-equity investor J.C. Flowers & Co., plans to expand as it seeks new investment-banking clients among the country's small and medium-sized companies.