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Investment News 12/2008



Companies have to work for debt as investment banks toughen up (Independent)
With the credit crunch straining the balance sheets of corporate Europe, some of the largest names in investment banking are turning to their debt businesses to take on advisory-only rivals in the long-standing war for corporate mandates.
Investment in olive sought (Arab News)
SAKAKA: Al-Jouf Gov. Prince Fahd bin Badr opened the second Olive Festival in Sakaka city on Saturday. The event was marked by the launch of an olive investment company.
(AFX UK Focus) 2008-12-01 01:07 China shares outlook - Higher on Wall St, Social Security Fund investment hopes (Interactive Investor)
SHANGHAI (XFN-ASIA) - China shares are expected to open higher after a firmer close on Wall Street on Friday, with sentiment also likely to be supported by hopes of further investment by the social security fund, dealers said.
Keiretsu Forum outpaces S&P 500, Nasdaq in investment returns (BizJournals)
A comparative analysis of angel investment returns versus those of broader stock indices done by a Keiretsu Forum member shows that the group outpaced the S&P 500 and Nasdaq Composite in six of seven years studied.
Morgan Keegan finds growth opportunities in Northeast from investment firms’ fallout (BizJournals)
The landscape in the world of public finance has taken dramatic turns in the last few months with the demise or departure of several noteworthy investment firms. For Morgan Keegan & Co., Inc., that smells like opportunity.
California investment group puts Downtown Pittsburgh Verizon building up for sale (BizJournals)
A prominent California investment company, which entered the market four years ago with the more than $50 million purchase of Gateway Center, is putting its only other Pittsburgh property on the market.
Local investment key to parry crisis (The Namibian)
Tom Alweendo says that it is necessary to create a sound environment for local investment to address the effects of the crisis.
X5 Posts Loss, Cuts Forecast, Investment Plans as Economy Slows (Bloomberg)
Dec. 1 (Bloomberg) -- X5 Retail Group NV , Russia’s largest supermarket chain, posted a loss in the third quarter and slashed its sales forecast and investment plans for next year as economic growth slows.
X5 Posts Loss, Cuts Investment Plan as Economy Slows (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- X5 Retail Group NV , Russia’s largest supermarket chain, posted a loss in the third quarter and slashed its investment budget for next year as economic growth slows.
NKorea’s Foreign Trade Minister briefs SM Goh on investment opportunities (Channel NewsAsia via Yahoo! Singapore News)
SINGAPORE: Singapore would be glad to explore ways to strengthen bilateral co—operation with North Korea in areas such as trade and investment once international concerns were assuaged and the environment improved.
Indonesia 10-mth foreign investment jumps from yr ago (Reuters via Yahoo! Philippines News)
(Adds quotes from head of investment agency, economist)
Polish investment fund AKJ Investment sells 46 apartments in deal worthseveral dozen PLN mln (Interfax)
WARSAW. DECEMBER 1. INTERFAX CENTRAL EUROPE - Polish investment fund AKJ Investment, which is managed by AKJ Investment TFI, sold 46 apartments in a residential project located in southern Polish city Katowice, in a deal worth a few dozen million zlotys, to an investment fund run by Skarbiec TFI, the company wrote in a press release late Friday.
Brazil's Infrastructure Investment Averages $36 Billion - Estado (Nasdaq)
RIO DE JANEIRO -(Dow Jones)- Annual investment in Brazil's infrastructure is averaging 85 billion reals ($36 billion) a year in 2007 and 2008, local news agency Estado reported Monday.
Nigeria: Omoyemi's Removal - Court Joins Oodua Investment As Co-Respondent (AllAfrica.com)
Justice Mohammed Liman of the Federal High Court in Lagos has joined Oodua Investment Limited as co-respondent in the suit filed by some shareholders of Wema Bank.
Investment firm fined for breaching BCSC cease trade order (Investment Executive)
The British Columbia Securities Commission has settled with an Ontario-based investment firm that admitted to allowing one of its employees to trade in securities that were under a cease trade order.
First transactions processed by DTCC alternative investment products service (Finextra)
The Depository Trust & Clearing Corporation (DTCC) announced that two charter clients of the Alternative Investment Products (AIP) service - BNY ...
Investment firm offers to buy Tollgrade Communications (Pittsburgh Tribune-Review)
A local investment firm is offering to buy troubled Tollgrade Communications Inc., a Harmar-based company that makes test software and equipment for telecom and cable networks, for as much as $79.4 million.
NZFC Reports Increased Investment (Scoop.co.nz)
Investment totaling more than $20.7million to support twelve New Zealand feature films is reported by the New Zealand Film Commission in its annual report which was published today. It had also committed finance for the completion of seven digital features and the production of nine short films.
Merkel favors investment instead of tax cut to counter recession (People's Daily)
To counter the worst recession in 12years, German Chancellor Angela Merkel on Monday called for infrastructure investment and ruled out tax cut until after next year's national election in Stuttgart. The German government will focus on investing in Germany's infrastructure to counter economic recession, including motorways or autobahns building and modernizing in the west part of the country, as ...
DPRK foreign trade minister briefs Singapore leader on investment opportunities (People's Daily)
Singapore would be glad to explore ways to strengthen bilateral co-operation with the Democratic People's Republic of Korea (DPRK) in the areas of trade and investment once international concerns were assuaged and the environment improved, Senior Minister Goh Chok Tong said on Monday. Goh, also former prime minister, made this point when meeting with visiting DPRK's Foreign Trade Minister Ri ...
Aabar Investment acquires AIG Private Bank (AME Info)
Aabar Investment PJSC (Aabar) is pleased to announce the signing of a binding agreement to acquire AIG Private Bank Ltd. (AIG Private Bank) from its parent company American International Group, Inc. (AIG).
Credit Suisse to cut 650 investment banking jobs (Reuters via Yahoo! News)
Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday.
Four banks jump into railway investment (China Daily)
The 2-trillion-yuan ($293 billion) investment in the newly-planned railway construction under China's $586 billion stimulus plan has triggered big banks to jump in and pour money into infrastructure projects, according to Tuesday's Shanghai Securities News.
(AFX UK Focus) 2008-12-02 07:35 UPDATE 1-Credit Suisse to cut 650 investment banking jobs (Interactive Investor)
ZURICH, Dec 2 (Reuters) - Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday. A spokesman for the Swiss-based bank said an announcement on the cuts had been made to its staff on Monday but declined to give any further details. The cuts are the latest in a wave of job losses in the financial sector in which around 90,000 jobs have been axed since September. The ...
Metso, European Investment Bank sign EUR 160 mln research and development loan agreement - Quick facts (Nasdaq)
(RTTNews) - Metso Corp. (MXTOF.PK) and the European Investment Bank announced that they have signed a EUR 160 million research and development loan agreement. The total loan amount has been subsequently drawn down.
Denmark's single largest investment abroad settles in Tianjin (People's Daily)
The world's largest insulin preparation and filling plant recently held its foundation stone laying ceremony in China's Tianjin Economic-Technological Development Area (TEDA). The enterprise, being built with an investment of US $381 million from Novo Nordisk of Denmark, will be the company's primary production base in the Asia Pacific region. This is the largest single investment abroad by a ...
Gov’t builds investment confidence (Việt Nam News)
HA NOI — The Viet Nam Government has again sent a clear message that it will enhance the domestic investment environment to both dampen the impact of the global financial turmoil and hold and build business confidence.
China Tightens Rules On Property Insurers' Investment Products (Nasdaq)
BEIJING -(Dow Jones)- The China Insurance Regulatory Commission has tightened rules on the launch of investment-related products by property insurers, reflecting its concerns about the solvency of some insurers, which have suffered big losses on their investments in the domestic capital markets.
S’pore, North Korea sign Investment Guarantee Agreement (Channel NewsAsia via Yahoo! Philippines News)
SINGAPORE: Singapore and North Korea signed an Investment Guarantee Agreement (IGA) on Tuesday.
Rajasthan Likely To Get Rs.8K Cr. Investment In Energy Sector From 14 Cos (Nasdaq)
(RTTNews) - Rajasthan is likely to get an investment of Rs.8,000 crore in renewable energy sector, with 14 companies proposing projects to tap power from wind and biomass, reported the PTI.
Iran to host International Foreign Investment Conference (Islamic Republic News Agency)
Iran - Investment - Conference The International Foreign Investment Conference will be held in Tehran in mid February 2009, an official said on Tuesday.
Singapore, DPRK sign investment guarantee agreement (People's Daily)
Singapore and the Democratic People's Republic of Korea (DPRK) signed an Investment Guarantee Agreement on Tuesday. Singapore's Trade and Industry Ministry said in a statement that the agreement will help promote investment flow by protecting investors. Under the agreement, investors will be given non-discriminatory treatment. They will also receive free transfer of capital and returns from ...
CI Financial combines investment teams (Investment Executive)
The investment teams of KBSH Capital Management Inc. and Signature Global Advisors, both divisions of CI Financial Income Fund, are being combined for the purpose of managing KBSH institutional mandates, CI Investments Inc. announced on Monday.
National Investment acquires California firm for $4.7M (BizJournals)
Dublin’s National Investment Managers Inc. has made its sixth acquisition this year, picking up a California firm for $4.7 million.
Norway Can Boost Investment, Curb Declines with Greater E&P Focus (Rigzone)
Opening areas of the Norwegian continental shelf currently closed to oil and gas activities could increase investment by NOK 200-250 billion (US $28 billion) in 2022-40, according to a new KonKraft report.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $3.02 or 4.6 percent, to $62.74. Merrill Lynch rose $.25 or 2.5 percent, to $10.38.
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 $.76 or 1.2 percent, to $65.00.
BHP Approves $245 Million Cossack Oil Investment (Update1) (Bloomberg)
Dec. 3 (Bloomberg) -- BHP Billiton Ltd. , Australia’s biggest oil and gas producer, approved a $245 million investment to extend the life of the North West Shelf venture’s Cossack oil project.
Hawaiian Telcom Considered Carlyle Investment Offer (Update1) (Bloomberg)
Dec. 2 (Bloomberg) -- Carlyle Group, a Washington-based private-equity firm, offered to increase its investment in Hawaiian Telcom Communications Inc. before the telephone company filed for bankruptcy yesterday, a lawyer said in court.
Qatar Real Estate Investment receives funding (AME Info)
QNB Al Islamic and International Islamic will together provide QR1bn Shariah-principled funding for Qatar Real Estate Investment Co, whose future projects are estimated at QR2.5bn, reported Gulf Times. Al Islami will contribute QR700mn and International Islamic will add QR300mn to the finance pool.
Hawaiian Telcom Got Carlyle Investment Offer Before Bankruptcy (Bloomberg)
Dec. 3 (Bloomberg) -- Hawaiian Telcom Communications Inc. received an offer from Washington-based Carlyle Group to increase the private-equity firm’s investment before the phone company filed for bankruptcy, a lawyer said in court.
Vietnam pledges $1 bln to spur investment, consumption (Reuters via Yahoo! Malaysia News)
HANOI, Dec 3 (Reuters) - The Vietnamese government pledged about $1 billion to spur investment and consumption as part of efforts to stave off an economic slowdown, it said in a report on Wednesday.
(AFX UK Focus) 2008-12-03 07:52 Vietnam pledges $1 bln to spur investment, consumption (Interactive Investor)
HANOI, Dec 3 (Reuters) - The Vietnamese government pledged about $1 billion to spur investment and consumption as part of efforts to stave off an economic slowdown, it said in a report on Wednesday. The government also asked the Finance Ministry to produce a list of taxes that could be cut to help business, said the report on the outcome of a two-day cabinet meeting. Hanoi, which tightened ...
Nigeria: 'Country Has Effective Legislation to Protect Foreign Investment' (AllAfrica.com)
Toulouse, France — The Chairman of Nigeria's fastest growing airline, Arik Air, Sir Arumemi Johnson, has said that Nigeria has effective laws to protect foreign investment, adding that the country has companies that are credible to do business with.
(AFX UK Focus) 2008-12-03 08:18 UPDATE 1-Vietnam pledges $1 bln to spur investment, consumption (Interactive Investor)
HANOI, Dec 3 (Reuters) - The Vietnamese government announced plans on Wednesday to spend about $1 billion to spur investment and consumption and said it wanted to lower taxes to help businesses as it sought to fend off an economic slowdown. The plan, outlined in a report about a cabinet meeting, came one day after the government announced what will be the central bank's fourth benchmark interest ...
Citigroup Says "Core" Brokerage and Investment Bank Japanese Units Not for Sale (Wall Street and Technology)
Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale by the struggling U.S. bank.
Zille: 2010 a sound investment (FIFA)
A great return on investment is expected for the people of Cape Town as the legacy benefits of being a 2010 FIFA World Cup™ host city become more clear.
Lehman auctions investment management unit (CNN Money)
Sale attracts three bidders, including one offer of $2.15 billion. NEW YORK (AP) -- Lehman Brothers Holdings Inc. is holding an auction to sell its investment management unit that includes the Neuberger Berman money management business. There are three bidders.
Lehman to auction investment management unit (AP via Yahoo! Finance)
Three bidders are competing in an auction Wednesday of Lehman Brothers Holdings Inc.'s investment management unit, which includes its Neuberger Berman money management business.
Local hotel gurus form investment fund (BizJournals)
Local hotel executives Robert Solmson and Ed Ansbro have partnered with a New York businessman to launch a hotel investment fund.