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Miner Rio Tinto will cut 14,000 jobs, investment to reduce debt and cope with slowdown
SYDNEY, Australia - Rio Tinto Group, one of the world's largest miners, will cut 14,000 jobs worldwide and reduce capital investment as part of new measures to reduce its debt amid waning demand for iron ore and other metals, the company said Wednesday. (Wed, 10 Dec 2008 14:01:57 GMT)
Progressive Profit Jumps 48% in November on Investment Gains
Dec. 10 (Bloomberg) -- Progressive Corp. , the third-largest U.S. auto insurer, said profit rose 48 percent in November on gains from selling U.S. Treasury securities in its investment portfolio. (Wed, 10 Dec 2008 14:20:34 GMT)
Longwei Petroleum Investment Holding Announces Purchase Agreement Valued at Estimated $24.1 Mln. - Quick Facts
(RTTNews) - Wednesday, Longwei Petroleum Investment Holding Ltd. (LPIH.OB) said it executed a purchase and sale agreement with Taiyuan Coal Gasification Group Rail Transport Co., following which Taiyuan has agreed to purchase 30,000 metric tons of finished oil products from Longwei Petroleum to be delivered in 2009. Valued at an estimated US$24.1 million, the order represents one of the largest ... (Wed, 10 Dec 2008 15:24:10 GMT)
PBSO warns of investment South Florida scam
The Palm Beach County Sheriff's Office is warning of a west Lake Worth company suspected of defrauding Haitians in an investment scheme. (Wed, 10 Dec 2008 16:42:55 GMT)
Easley Investment Firm Head In Court
The head of an Easley investment firm who pleaded guilty to securities fraud and mail fraud earlier this year will be sentenced on Wednesday. (Wed, 10 Dec 2008 17:10:17 GMT)
France’s RTE to boost grid investment
RTE of France, operator of Europe’s biggest power network, is set to boost investment in its 100,000km electricity grid by 20 per cent next year to accompany the government’s fightback against the economic slowdown. (Wed, 10 Dec 2008 17:16:32 GMT)
Bank of America Among 3 Firms to ‘Dominate’ Investment Banking
Dec. 10 (Bloomberg) -- Bank of America Corp. , JPMorgan Chase & Co. and Goldman Sachs Group Inc. will “dominate” investment banking after the collapse of credit markets realigned the industry, a Greenwich Associates report found. (Wed, 10 Dec 2008 19:03:39 GMT)
Investment firm urges Yahoo to do Microsoft deal
An investment firm which holds 1.5 percent of Yahoo's stock urged the Internet company on Wednesday to do a deal with software giant Microsoft and "not miss yet another value maximization opportunity." (Wed, 10 Dec 2008 19:03:40 GMT)
Head of SC investment firm sentenced to 10 years
The head of a small South Carolina investment firm was sentenced on Wednesday to 10 years in federal prison for bilking dozens of people out of millions in two alleged fraud schemes. (Wed, 10 Dec 2008 21:35:25 GMT)
Colby College Investment Group Beats Big Guns
The Colby Student Investment Association at Colby College, Maine, manages a $100,000 fund that has outperformed the Dow, NASDAQ and Standard & Poor 500. Alex Clegg, a senior at Colby and vice president of performance measurement of the student investment group, offers her insight. (Wed, 10 Dec 2008 21:40:38 GMT)
Posco to Make Record $4.4 Billion Investment in 2009 (Update1)
Dec. 11 (Bloomberg) -- Posco will make a record 6 trillion won ($4.4 billion) investment in South Korea next year, as Asia’s third-largest steelmaker takes advantage of spending cuts by rivals in Europe and Japan. (Thu, 11 Dec 2008 03:42:24 GMT)
Seacoast gets approval for investment of $50 million in public money
Seacoast Banking Corp. of Florida, parent of Seacoast National Bank, announced Wednesday that it has received preliminary approval from the U.S. Treasury Department for the investment of $50 million of public money. (Thu, 11 Dec 2008 05:02:33 GMT)
Pvt sector has 80% investment in economy: Plan panel
Emphasising the role of the companies in pushing up the economy, Planning Commission member B K Chaturvedi today said that private sector accounts for 80 per cent investment in the Indian economy. (Thu, 11 Dec 2008 08:15:59 GMT)
Xtract Energy to scale back Australian investment
Dec 11 (Reuters) - Xtract Energy Plc said on Thursday it would scale back its projected investment in the development of oil shale technology in the Whitsunday coastal region of Queensland, Australia. (Thu, 11 Dec 2008 08:33:41 GMT)
EPF wants to minimise investment risks, Dewan told
In a move to minimise investment risks, the Employees Provident Fund (EPF) is staying clear of high-risk investments in the wake of the bleak global economic outlook, the Dewan Negara heard today. (Thu, 11 Dec 2008 08:47:01 GMT)
Teacher Retirement System moving investment division
In the second largest downtown office deal of 2008, the investment division of the Teacher Retirement System of Texas is taking 47,034 square feet at 816 Congress as the new home for 105 employees of its investment division. (Thu, 11 Dec 2008 14:27:18 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 $.89 or 1.2 percent, to $72.42. Merrill Lynch fell $.59 or 4.2 percent, to $13.51. (Thu, 11 Dec 2008 15:46:09 GMT)
MarketAxess and Investment Technology Group Provide Access to Equities Analytics and Fixed Income Compliance Products
MarketAxess and Investment Technology Group to Provide Integrated Access to Equities Analytics and Fixed Income Compliance Products (Thu, 11 Dec 2008 16:47:53 GMT)
Chuck Carlson Of Horizon Investment Services: Santa To Deliver A "Herky, Jerky" Rally
(RTTNews) - In an interview with RTT News, Chuck Carlson, CEO of Horizon Investment Services says he sees further evidence that investors have priced the bad news into the market, what he calls the "real missing ingredient." (Thu, 11 Dec 2008 16:53:52 GMT)
Russia's TNK-BP to slash investment; still no CEO
Anglo-Russian oil major TNK-BP said Thursday it will slash investment by $1.1 billion next year as plunging oil prices force big producers to review their spending plans. (Thu, 11 Dec 2008 17:17:55 GMT)
Pvt sector has 80% investment in economy: Plan panel
Emphasising the role of the companies in pushing up the economy, Planning Commission member B K Chaturvedi today said that private sector accounts for 80 per cent investment in the Indian economy. (Thu, 11 Dec 2008 17:45:06 GMT)
Russia's TNK-BP to slash investment; still no CEO
Anglo-Russian oil major TNK-BP said Thursday it will slash investment by $1.1 billion next year as plunging oil prices force big producers to review their spending plans. Following a board meeting in Paris, the company said it would cut capital expenditure to... (Thu, 11 Dec 2008 17:51:38 GMT)
Polish Investment Fund NFI Magna Interested in Netia—Report
Polish media reports that shareholders of NFI Magna Polonia, a Polish investment fund listed on the Warsaw stock exchange, have passed a resolution which is meant to substantially increase the holding's value, by issuing new shares worth at least 276 million zlotys (US$90.8 million). Significance: According to local media... (Thu, 11 Dec 2008 17:55:53 GMT)
Italy's Eni welcomes proposed Libyan investment
Italy's largest natural gas and oil company said Thursday that it welcomed any Libyan investment in the company. (Thu, 11 Dec 2008 20:32:50 GMT)
Yunnan Aluminium to Increase Unit Investment for Sheet Project
Dec. 12 (Bloomberg) -- Yunnan Aluminium Co. , China’s fifth- largest producer of the light metal, said it will increase investment in a unit by as much as 150 million yuan ($22 million) to help build an aluminum sheet project. (Fri, 12 Dec 2008 02:07:17 GMT)
Merrill’s Asia Investment Banking Chief Brand Said to Leave
Dec. 12 (Bloomberg) -- Jason Brand , Merrill Lynch & Co. ’s head of Asia-Pacific investment banking, is leaving the firm, two people familiar with the matter said. (Fri, 12 Dec 2008 02:31:42 GMT)
Nomura To Buy Lehman's French Investment Bank Operations
Nomura To Buy Lehman's French Investment Bank Operations (Fri, 12 Dec 2008 03:08:08 GMT)
Banks, investment firms borrow less from Fed
WASHINGTON -- Commercial banks and investment firms borrowed slightly less from the Federal Reserve over the past week, although demand for the emergency loans was still elevated. (Fri, 12 Dec 2008 03:33:38 GMT)
Goldman says investment in China will accelerate
BEIJING, Dec 12 (Reuters) - Goldman Sachs will accelerate investment in China as opposition to foreign investment eases and the need for funding rises, an executive said on Friday. (Fri, 12 Dec 2008 07:14:53 GMT)
Crude slump could hit China oil investment -expert
BEIJING, Dec 12 (Reuters) - China's top oil firms may have to scale back investment if crude oil prices do not recover from their current doldrums, Jia Chengzao, president of the Chinese Petroleum Society, an industry body, said on Friday. (Fri, 12 Dec 2008 08:22:53 GMT)
S'pore property investment sales fall 70% on-year
SINGAPORE: The fallout from the US sub-prime crisis has filtered down to the property market in Singapore. Property consultancy CB Richard Ellis (CBRE) says total investment sales in Singapore properties fell 70 per cent from 2007, to S$17.83 billion this year. (Fri, 12 Dec 2008 08:36:44 GMT)
New Investment Value In Thailand Next Year Likely Steady -BOI
BANGKOK -(Dow Jones)- The value of new investments in Thailand next year is expected to remain steady despite the current political uncertainty, according to the Board of Investment, or BOI. (Fri, 12 Dec 2008 08:53:51 GMT)
Alcatel-Lucent Will Cut WiMAX Investment to Reduce Costs
Alcatel-Lucent will cut its investment in WiMAX to reduce costs, instead pinning its fourth-generation mobile broadband hopes... (Fri, 12 Dec 2008 12:11:42 GMT)
PM meets Investment Commission members
COMMENT ON THIS ! Your Views! Prime Minister Manmohan Singh on Friday held a meeting with members of the Investment Commission including Ratan Tata and Deepak Parekh, in the backdrop of falling exports and industrial output. (Fri, 12 Dec 2008 13:40:30 GMT)
Argentina's congress OK's bill to lure investment back home
The lower house of Argentina's congress has approved a bill meant to lure investment back home and increase tax revenues. The government proposal would give big tax cuts to Argentines who bring undeclared foreign investments back home and breaks for employers who start paying taxes for workers. The bill now goes to the Senate. (Fri, 12 Dec 2008 14:00:42 GMT)
Italy’s Eni welcomes proposed Libyan investment
ROME (AP)—Italy’s largest natural gas and oil company said Thursday that it welcomed any Libyan investment in the company…. (Fri, 12 Dec 2008 15:14:23 GMT)
Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $.66 or .9 percent, to $69.05. Merrill Lynch fell $.36 or 2.8 percent, to $12.31. (Fri, 12 Dec 2008 15:48:18 GMT)
Another company cuts back on WiMax investment
Alcatel-Lucent opts for LTE. Alcatel-Lucent is to cut its investment in WiMax as it tries to reduce costs. (Fri, 12 Dec 2008 17:54:26 GMT)
Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $1.97 or 2.8 percent, to $67.74. (Fri, 12 Dec 2008 23:06:55 GMT)
Investment fraud has South Florida connections
Bernard L. Madoff -- a prominent Wall Street investment advisor arrested Thursday after allegedly revealing his firm was ''basically a giant Ponzi scheme'' that hid billions of dollars in losses from investors -- drew many wealthy investors from Palm Beach to Miami. (Fri, 12 Dec 2008 23:39:38 GMT)
WorldGate Announces Strategic Investment Agreement
WorldGate Communications, Inc. (Nasdaq –WGAT.OB), a leading provider of video phone products and WGI Investor, LLC, a private investment fund, today announced that they have reached an agreement for the sale of a controlling interest in WorldGate to WGI Investor. In a transaction earlier this week, WGI Investor acquired the entire interest in certain debentures from the company’s senior secured ... (Sat, 13 Dec 2008 03:41:27 GMT)
Post-Mumbai, India still a safe investment bet: Germany
New Delhi, Dec 12: Rejecting speculation about India's dwindling appeal as a business destination in the wake of the Mumbai terror attacks, Germany Friday said that this country remained a safe place for investment for European countries that are facing a global economic crunch. (Sat, 13 Dec 2008 04:19:01 GMT)
Meltdown 101: Steering clear of investment fraud
-- A $50 billion swindling of investors _ allegedly perpetrated by former Nasdaq Chairman Bernard L. Madoff _ throws up a new warning sign for consumers already on their heels after a horrific year in the markets. (Sat, 13 Dec 2008 05:00:01 GMT)
Rs 50,000 crore investment expected in cooperative sector
Kannur, Dec 12: Kerala Cooperation Minister G Sudhakaran today said the state government would target an investment of Rs 50,000 crore in the cooperative sector before 2011. (Sat, 13 Dec 2008 05:03:51 GMT)
Affinity fraud – how to avoid investment scams
Federal Bureau of Investigation Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic ommunities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. They often enlist respected community or religious leaders from within the group to spread the word ... (Sat, 13 Dec 2008 06:37:25 GMT)
GOVT AGREES IN PRINCIPLE TO T'GANU'S PROPOSAL TO SET UP INVESTMENT BODY
KUALA TERENGGANU, Dec 13 (Bernama) -- Datuk Seri Najib Tun Razak said today the government has agreed in principle to the proposal by the Terengganu government to set up the Terengganu Investment Authority (TIA) with an initial fund of RM10 billion. (Sat, 13 Dec 2008 08:05:59 GMT)
Govt agrees in principle to T’ganu’s proposed investment body
KUALA TERENGGANU: Datuk Seri Najib Tun Razak said on Saturday the government has agreed in principle to the proposal by the Terengganu government to set up the Terengganu Investment Authority (TIA) with an initial fund of RM10 billion. (Sat, 13 Dec 2008 09:23:45 GMT)
CIRC chief: Insurers have great potential to increase investment in capital market
Wu Dingfu, chairman of the China Insurance Regulatory Commission (CIRC), said on Saturday that China's insurance companies have great potential to increase their investment in the capital market. (Sat, 13 Dec 2008 09:45:04 GMT)
Connecticut Town Fears Losses on $42 Million Madoff Investment
Dec. 13 (Bloomberg) -- First Selectman Ken Flatto and other elected officials in Fairfield, Connecticut, thought the 58,000- person town’s pension fund was holding up well amid the worst financial crisis since the Great Depression. (Sat, 13 Dec 2008 17:09:28 GMT)
Government targets $20 billion foreign investment next year
ISLAMABAD (December 14 2008): Federal Investment Minister Senator Waqar Ahmad Khan has said that the government has fixed 20 billion-dollar target for foreign investment in 2009 to bring the country out of the current economic crisis. (Sun, 14 Dec 2008 00:11:31 GMT)
PM fast-tracks renewable energy investment
Prime Minister Kevin Rudd has laid the ground work for tomorrow's carbon pollution reduction scheme announcement by fast-tracking investment in solar and renewable energy. (Sun, 14 Dec 2008 02:20:00 GMT)
PM fast-tracks renewable energy investment
Prime Minister Kevin Rudd has laid the ground work for tomorrow's carbon pollution reduction scheme announcement by fast-tracking investment in solar and renewable energy. (Sun, 14 Dec 2008 02:43:52 GMT)
Toyota Delays Investment Amid Sales Decline, Nikkei Reports
Dec. 14 (Bloomberg) -- Toyota Motor Corp. will delay investment in boosting capacity at its overseas factories as declining sales and a strengthening yen reduce earnings, the Nikkei newspaper reported. (Sun, 14 Dec 2008 03:26:17 GMT)
$34b Foreign Investment Approved
14 December 2008 Close to $34.6 billion worth of foreign investment has been approved for 485 national development projects since March. (Sun, 14 Dec 2008 05:36:19 GMT)
China to focus investment on five major sectors in 2009
China will put the bulk of its investment on the development of agriculture, low-cost housing project, infrastructure, energy conservation and social welfare next year, People's Daily, the mouthpiece of the Communist Party of China, reports on Sunday. Explaining the use of the central government investment, Zhang Ping, minister in charge of the National Development and Reform Commission, said ... (Sun, 14 Dec 2008 06:25:25 GMT)
China to focus investment on five major sectors in 2009
China will put the bulk of its investment on the development of agriculture, low-cost housing project, infrastructure, energy conservation and social welfare next year, People's Daily reports on Sunday. (Sun, 14 Dec 2008 06:25:59 GMT)
Affinity fraud – how to avoid investment scams
Federal Bureau of Investigation Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic ommunities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. They often enlist respected community or religious leaders from within the group to spread the word ... (Sun, 14 Dec 2008 06:38:24 GMT)
Before Investing, Develop a Plan
Now more than ever, you need to develop and stick to a carefully thought-out investment plan. (Sun, 14 Dec 2008 07:39:14 GMT)
Toyota Delays Investment Amid Sales Decline, Nikkei Reports
Dec. 14 (Bloomberg) -- Toyota Motor Corp. will delay investment in boosting capacity at its overseas factories as declining sales and a strengthening yen reduce earnings, the Nikkei newspaper reported. (Sun, 14 Dec 2008 10:08:27 GMT)
Snowberry foraying into Indian market with $50 mn investment
Unperturbed by the economic slowdown, the US-based ice cream maker Snowberry USA Inc is entering the $200-million Indian ice cream market with a planned investment of $50 million, a top official has said. (Sun, 14 Dec 2008 11:25:58 GMT)
Industry wants 49 percent foreign investment in defence sector
Industry body Associated Chambers of Commerce and Industry (Assocham) has called for a hike in existing foreign direct investment (FDI) ceiling for defence from 26 percent to 49 percent. (Sun, 14 Dec 2008 11:26:37 GMT)
China to focus investment on five major sectors in 2009
China will put the bulk of its investment on the development of agriculture, low-cost housing project, infrastructure, energy conservation and social welfare next year, People's Daily reports on Sunday. (Sun, 14 Dec 2008 12:26:20 GMT)
Yahoo investor Ivory Investment Management urges Microsoft talks
One of Yahoo's investors, hedge fund Ivory Investment Management, has urged the company to revive discussions with Microsoft in an attempt to sell its online search business. IIM, which owns 1.5% - 21.4m shares - in the Silicon Valley giant, wrote an open letter to the Yahoo board today saying the firm should not miss "another value maximisation opportunity". Microsoft would become the ... (Sun, 14 Dec 2008 14:21:31 GMT)
Reeves: Immigration based on investment: The EB5 category
INDIVIDUALS seeking immigration into the United States on the basis of a financial investment currently find themselves in a climate unmatched in modern history. (Sun, 14 Dec 2008 14:27:12 GMT)
Industry wants 49 percent foreign investment in defence sector
New Delhi, Dec 14: Industry body Associated Chambers of Commerce and Industry (Assocham) has called for a hike in existing foreign direct investment (FDI) ceiling for defence from 26 percent to 49 percent. (Sun, 14 Dec 2008 15:25:53 GMT)
Snowberry foraying into Indian market with USD 50 mn investment
By Pupul Dutta, New Delhi, Dec 14: Unperturbed by the economic slowdown, the US-based ice cream maker Snowberry USA Inc is entering the USD 200-million Indian ice cream market with a planned investment of USD 50 million, a top official has said. (Sun, 14 Dec 2008 15:35:25 GMT)
Investment fund slams US regulators
A British investment fund that counted itself a client of alleged Wall Street fraudster Bernard Madoff criticised the "systemic failure" of regulators in the United States on Sunday. (Sun, 14 Dec 2008 16:10:39 GMT)
Affinity fraud – how to avoid investment scams
Federal Bureau of Investigation Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic ommunities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. They often enlist respected community or religious leaders from within the group to spread the word ... (Mon, 15 Dec 2008 06:35:32 GMT)
Investment pro is looking for a few good brokers
Jeffrey Wetherbee is building a new home for brokers who feel displaced by the shake-ups and takeovers at the big investment houses. (Mon, 15 Dec 2008 06:56:00 GMT)
Real estate investment trusts to come soon
The properties in Tianjin Binhai New Area and Shanghai Pudong New Area may be packaged into the first pilot units of the long-awaited real estate investment trusts (REITs) and listed on the bourses in Shenzhen and Shanghai respectively, China Business News reported Monday. (Mon, 15 Dec 2008 07:45:38 GMT)
Ireland plans €10bn investment in banks
The Irish government is planning an investment of “up to €10bn” ($13.5bn, £9bn) in the country’s banks, in partnership with private investors. (Mon, 15 Dec 2008 07:51:28 GMT)
Bac Ninh lures foreign investment
BAC NINH — Northern Bac Ninh Province has so far this year granted investment licences to 61 foreign direct investment projects worth a total of US$1.34 billion, a record-setting number for the province. (Mon, 15 Dec 2008 08:17:56 GMT)
Lukoil may cut investment in 2010, reschedule projects abroad -Alekperov
MOSCOW. Dec 15 (Interfax) - The global financial crisis may force Lukoil (RTS: LKOH) to cut its investment in 2010 and reschedule a host of projects abroad, Vagit Alekperov, the president of the Russian oil major, said at a round table on corporate responsibility in Moscow on Monday. (Mon, 15 Dec 2008 08:18:45 GMT)
Cable industry protests as govt moves to relax foreign investment only for DTH
The cable industry, which reaches over 80 million out of India’s 130 million TV-owning homes, is getting ready to strongly oppose the government’s move to raise the foreign direct investment (FDI) limit for direct-to-home (DTH) service providers from 49 to 74 per cent without doing the same for cable companies. (Mon, 15 Dec 2008 08:27:22 GMT)
6:10 p.m. — Guam receives $50K investment grant
6:10 p.m. — Guam was awarded a $50,000 investment grant from the U.S. Department of Commerce’s Economic Development Administration, according to a news release from the governor’s office. (Mon, 15 Dec 2008 08:34:07 GMT)
HVS, BISU& BHI Host 5th China Hotel Investment Summit in April 2009 Focus On China Asia’s Powerhouse
As the largest and most established hotel investment summit held in mainland China, the upcoming 5th annual China Hotel Investment Summit (CHIS) 2009 promises an insightful experience for participants. The Summit will be held at the Grand Hyatt Shanghai from 22 to 24 April 2009. (Mon, 15 Dec 2008 08:40:04 GMT)
Crown's $414m US investment 'worthless'
FEARS that James Packer's Crown misjudged its investment into the US gambling market have triggered an analyst to write off a $414 million investment as worthless. (Mon, 15 Dec 2008 13:11:06 GMT)
Wichford investment portfolio takes a bath
Property investment company Wichford has had a tough first year on the stock market, in view of which its final dividend will be lower than its interim divi. (Mon, 15 Dec 2008 15:23:00 GMT)
Hemlock plans up to $1.2B Michigan investment
A solar power technology company is getting ready to announce an investment of up to $1.2 billion in Michigan that would create about 190 jobs for people directly employed by the company. (Mon, 15 Dec 2008 15:23:54 GMT)
Tennessee: Hemlock plans up to $2.5B Tennessee investment
CLARKSVILLE - State officials say a solar power technology company plans an investment of up to $2.5 billion in Tennessee that would create about 500 new jobs. (Mon, 15 Dec 2008 16:07:16 GMT)
Hemlock plans up to $2.5B Tennessee investment
Associated Press - December 15, 2008 10:55 AM ET CLARKSVILLE, Tenn. (AP) - State officials say a solar power technology company plans an investment of up to $2.5 billion in Tennessee that would... (Mon, 15 Dec 2008 16:11:55 GMT)
Kuwait’s Investment Dar looking to sell 20% of Aston Martin
The Islamic investment firm that bough half of Aston Martin in 2007 is now considering selling up to 20 percent of its holding in the British automaker and is also looking to borrow up to 300 million dinars ($1 billion) to refinance debt. (Mon, 15 Dec 2008 16:38:49 GMT)
Platinum Rises as Dollar Weakens, Boosting Investment Demand
Dec. 15 (Bloomberg) -- Platinum and palladium prices climbed as the dollar fell against the euro, boosting demand for the metals as an alternative investment. (Mon, 15 Dec 2008 17:15:23 GMT)
Investment, new high-paying jobs may catapult Clarksville to new level
An initial $1.2 billion manufacturing investment, and the first 500 high-paying jobs that investment will create, will have the power to forever catapult this community into a higher standard of living. (Mon, 15 Dec 2008 17:21:40 GMT)
Q&A: Fallout From An Investment Scheme
Bernard Madoff was arrested on Dec. 11 by the FBI and charged, along with his investment firm with securities fraud. There's a growing list of investors including some of the world's largest banks that may have been defrauded of up to $50 billion. Here, a look at who he is and who's been hurt by this latest crisis. (Mon, 15 Dec 2008 17:57:27 GMT)
Angola president off to China in search of investment
Angolan President Jose Eduardo dos Santos flew to China on Monday in search of further financial investment for his oil-rich southern African state, a government official said. (Mon, 15 Dec 2008 18:51:37 GMT)
FAO says Africa needs massive water investment
Africa needs investment of 65 billion dollars over the next 20 years if food production is to keep pace with the rapid expansion of its population, a UN agency said on Monday. (Mon, 15 Dec 2008 19:42:56 GMT)
SIPC Liquidating Bernard L. Madoff Investment Securities LLC
SIPC Liquidating Bernard L. Madoff Investment Securities LLC (Tue, 16 Dec 2008 00:08:18 GMT)
Tremont Stands to Lose $3.3 Billion in Madoff Investment
The Tremont Group , a hedge fund investment firm, had $3.3 billion in exposure to the now-collapsed money manager run by Bernard L. Madoff, making it one of the largest “feeder funds” that steered investors into the scheme. (Tue, 16 Dec 2008 00:47:50 GMT)
China’s Fixed-Asset Investment Growth May Quicken, Xinhua Says
Dec. 16 (Bloomberg) -- China’s fixed-asset investment growth may quicken because of increased spending on new projects, the state-run Xinhua News Agency reported today, citing an unidentified statistics official. (Tue, 16 Dec 2008 01:37:19 GMT)
China's Fixed-asset Investment Grows 26.8% In Jan. To Nov.
China's Fixed-asset Investment Grows 26.8% In Jan. To Nov. (Tue, 16 Dec 2008 03:08:18 GMT)
China says investment in assets slows in Nov.
China's domestic investment in assets grew by 26.8 percent in the first 11 months of the year over a year earlier, cooling as companies crimp spending on real estate and factories. (Tue, 16 Dec 2008 04:01:59 GMT)
China’s Zhou Sees More Rate Cuts as Investment, Economy Weaken
Dec. 16 (Bloomberg) -- China’s central bank Governor Zhou Xiaochuan said interest rates may fall again this month after exports declined, inflation slowed and a report today showed property investment cooled. (Tue, 16 Dec 2008 06:53:28 GMT)
Sony Shares Fall After Investment Rating Downgrades (Update2)
Dec. 16 (Bloomberg) -- Sony Corp. , the world’s second- biggest consumer-electronics maker, fell to the lowest in a week in Tokyo trading after Credit Suisse Group AG cut its investment rating on the company, citing a loss of competitiveness. (Tue, 16 Dec 2008 07:26:33 GMT)
China says investment in assets slows in Nov.
China's domestic investment in assets grew by 26.8 percent in the first 11 months of the year over a year earlier, cooling as companies crimped spending on real estate and factories. (Tue, 16 Dec 2008 08:08:50 GMT)
Sony Shares Fall After Investment Rating Downgrades (Update2)
Dec. 16 (Bloomberg) -- Sony Corp. , the world’s second- biggest consumer-electronics maker, fell to the lowest in a week in Tokyo trading after Credit Suisse Group AG cut its investment rating on the company, citing a loss of competitiveness. (Tue, 16 Dec 2008 09:51:55 GMT)
Toyota's £88m investment on hold
An £88m investment at a Toyota factory employing 700 people is put on hold because of the economic downturn. (Tue, 16 Dec 2008 10:05:10 GMT)
Glencore Credit Cut to Lowest Investment Grade by S&P (Update2)
Dec. 16 (Bloomberg) -- Glencore International AG, the world’s largest commodities trader, had its credit rating cut to the lowest investment grade by Standard & Poor’s because of plunging metal prices and lower earnings expectations. The company said it may buy back some debt. (Tue, 16 Dec 2008 12:29:51 GMT)
Goldman's Investment-banking Revenue Falls 48%
Goldman's Investment-banking Revenue Falls 48% (Tue, 16 Dec 2008 13:53:18 GMT)
Morgan Keegan acquires investment firm
Morgan Keegan & Co. Inc. has acquired investment banking firm Burke Capital Group LLC. (RF) (Tue, 16 Dec 2008 16:03:11 GMT)
Agri.capital investment
Ludgate Environmental Fund, the AIM-listed company that invests in cleantech and environmental companies, has announced a €3m investment in agri.capital, a German developer, owner and operator of biogas plants. (Tue, 16 Dec 2008 17:27:46 GMT)
Swimming pools investment backed
More than £4m of investment in Crown Street and Fore Street pools in Ipswich is backed by councillors. (Tue, 16 Dec 2008 22:40:56 GMT)
Mitsui May Boost Farm Investment Overseas on Demand (Update1)
Dec. 17 (Bloomberg) -- Mitsui & Co. , Japan's second-largest trading company, may increase investment in farming overseas to secure food supplies as competition from China, the biggest grain consumer, intensifies. (Wed, 17 Dec 2008 02:26:30 GMT)
Law urged to promote investment-grade property development
Architect Gilbert Yu is urging government legislators to pass a measure providing for the creation of Real Estate Investment Trust (REIT) units to give the public a chance to put their money in investment-grade properties. (Wed, 17 Dec 2008 03:00:00 GMT)
Citigroup to merge corporate, investment banking:source
Citigroup is combining its corporate and investment banking businesses, in a bid to streamline and cut costs, a person briefed in the matter said on Tuesday. (Wed, 17 Dec 2008 03:05:32 GMT)
Mitsui May Boost Overseas Farm Investment on Demand (Update2)
Dec. 17 (Bloomberg) -- Mitsui & Co. , Japan's second-largest trading company, may increase investment in overseas farming to secure food supplies as competition from China, the biggest grain consumer, intensifies. (Wed, 17 Dec 2008 07:26:29 GMT)
Texas, state securities regulators offer guidance to help investors avoid dishonest investment professionals
AUSTIN, Texas — In the wake of the unfolding Bernard Madoff case, the Texas State Securities Board and the North American Securities Administrators Association (NASAA) today outlined steps investors can take to try to avoid dishonest investment services providers. Madoff, who founded New York City-based Bernard L. Madoff Investment Securities LLC, was arrested December 11 for an alleged ... (Wed, 17 Dec 2008 07:48:41 GMT)
7 charged over investment scam in Manila
MANILA, Philippines - The Justice department on Wednesday filed criminal charges against seven officials of an investment firm for running off with the money of some of its investors in 2006. (Wed, 17 Dec 2008 07:59:41 GMT)
BNP Paribas Shares Slide After Investment Banking Loss
BNP Paribas Shares Slide After Investment Banking Loss (Wed, 17 Dec 2008 08:38:38 GMT)
BNP Paribas shares slump as investment banking arm posts loss
Shares in French banking giant BNP Paribas drop almost 13% Wednesday after the group warns its investment banking arm has posted a loss for the first 11 months of the year and says it could shed around 800 workers in the division. (Wed, 17 Dec 2008 08:59:00 GMT)
BNP Paribas shares slump as investment banking arm posts loss
Shares in French banking giant BNP Paribas drop almost 13% Wednesday after the group warns its investment banking arm has posted a loss for the first 11 months of the year and says it could shed around 800 workers in the division. (Wed, 17 Dec 2008 09:06:46 GMT)
Connecticut investment firm stung by Madoff ties
One of the biggest losers in Bernard Madoff's alleged ponzi scheme is a Connecticut-based investment firm started in the early 1980s by a well-connected Greenwich banker. (Wed, 17 Dec 2008 12:25:36 GMT)
Mo. company accused in real estate investment scam
State officials have issued a cease and desist order against a Springfield-based company accused in a real estate investment scheme that has been linked to the foreclosure of numerous homes. (Wed, 17 Dec 2008 13:00:31 GMT)
Morgan Stanley Reports $1.8 Bln Of Investment Losses
Morgan Stanley Reports $1.8 Bln Of Investment Losses (Wed, 17 Dec 2008 13:53:48 GMT)
Philippines and Qatar to set up billion-dollar investment fund
The governments of the Philippines and Qatar are to set up an investment fund worth more than a billion dollars, cabinet officials in Manila said Wednesday. (Wed, 17 Dec 2008 14:42:00 GMT)
Connecticut Investment Firm Stung By Madoff Ties
One of the biggest losers in Bernard Madoff's alleged Ponzi scheme is a Connecticut-based investment firm started in the early 1980s by a well-connected Greenwich banker. Fairfield Greenwich Group says it invested $7.5 billion with Madoff, who prosecutors say concocted a $50 billion scheme to defraud investors, including the world's big banks and the rich and the famous. (Wed, 17 Dec 2008 16:49:30 GMT)
BNP Paribas Drops After Loss at Its Investment Bank (Update2)
Dec. 17 (Bloomberg) -- BNP Paribas SA , France’s largest bank, fell 17 percent in Paris trading after saying losses at its investment bank since October more than wiped out the division’s profit for the first three quarters of the year. (Wed, 17 Dec 2008 17:21:25 GMT)
Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs rose $2.78 or 3.7 percent, to $78.78. (Wed, 17 Dec 2008 23:11:37 GMT)
Rio Tinto unit pulls investment from Saudi project
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy. (Thu, 18 Dec 2008 00:57:24 GMT)
China Life Cautious on Overseas Investment, Economic Times Says
Dec. 18 (Bloomberg) -- China Life Insurance Co. , the world’s biggest insurer by market value, plans to exercise extra caution with regard to overseas investment, the Hong Kong Economic Times reported. (Thu, 18 Dec 2008 01:07:17 GMT)
Investment firm founded by ex-49ers Joe Montana and Ronnie Lott may be taken over by Silicon Valley Bank
A Woodside investment company founded by former 49ers stars Joe Montana and Ronnie Lott is in negotiations to be taken over by Silicon Valley Bank, to which it owes $69 million. (Thu, 18 Dec 2008 05:18:09 GMT)
China National Petroleum May Cut Investment in Projects by 10%
Dec. 18 (Bloomberg) -- C hina National Petroleum Corp. , the nation's biggest oil company, said it may reduce investment in projects by at least 10 percent next year, taking advantage of falling raw-material costs. (Thu, 18 Dec 2008 06:15:51 GMT)
China National Petroleum May Cut Project Investment (Update1)
Dec. 18 (Bloomberg) -- China National Petroleum Corp. , the nation's biggest oil company, said it may slash investment in projects by at least 10 percent next year because of the global recession. (Thu, 18 Dec 2008 07:03:43 GMT)
China National Petroleum May Cut Project Investment (Update1)
Dec. 18 (Bloomberg) -- China National Petroleum Corp. , the nation's biggest oil company, said it may slash investment in projects by at least 10 percent next year because of the global recession. (Thu, 18 Dec 2008 07:07:16 GMT)
Texas, state securities regulators offer guidance to help investors avoid dishonest investment professionals
AUSTIN, Texas — In the wake of the unfolding Bernard Madoff case, the Texas State Securities Board and the North American Securities Administrators Association (NASAA) today outlined steps investors can take to try to avoid dishonest investment services providers. Madoff, who founded New York City-based Bernard L. Madoff Investment Securities LLC, was arrested December 11 for an alleged ... (Thu, 18 Dec 2008 07:54:56 GMT)
Vivant Corp. to borrow for its 'investment opportunities'
MANILA, Philippines - Listed Vivant Corp., which has power sector investments in the Visayas Region, will borrow money from the Metropolitan Bank & Trust Co. (Metrobank) "to fund its investment opportunities." (Thu, 18 Dec 2008 08:40:31 GMT)
Irda extends date for filing investment data
The Insurance Regulatory & Development Authority (Irda) has extended the deadline for insurance companies to disclose their investment details by another 15 days. (Thu, 18 Dec 2008 08:44:36 GMT)
SELANGOR INVESTMENT MISSION TO TAIWAN WILL SPUR ECONOMIC DEVELOPMENT, SAYS TERESA
KUALA LUMPUR, Dec 18 (Bernama) -- The Selangor Investment and Trade Mission to Taiwan is expected to spur economic development and foster conducive investment environment in the state. (Thu, 18 Dec 2008 13:32:49 GMT)
Bank may take over investment firm founded by ex-49ers Montana, Lott
A Woodside investment company founded by former 49ers stars Joe Montana and Ronnie Lott is in negotiations to be taken over by Silicon Valley Bank, to which it owes $69 million. (Thu, 18 Dec 2008 14:55:52 GMT)
Chile Fin Min: Prudently Optimistic Over Private Investment
SANTIAGO -(Dow Jones)- Chilean Finance Minister Andres Velasco said Thursday he's "prudently optimistic" private investment in the country will remain strong despite the international financial crisis. (Thu, 18 Dec 2008 15:38:31 GMT)
Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.80 or 1.0 percent, to $79.58. Merrill Lynch rose $.08 or .6 percent, to $12.63. (Thu, 18 Dec 2008 15:46:44 GMT)
New investment advisor appointed to GGOF American Equity Fund Ltd.
Guardian Group of Funds Ltd. is appointing Harris Investment Management Inc. as portfolio advisor for GGOF American Equity Fund Ltd., replacing Lazard Asset Management (Canada) Inc., effective March 18, 2009. (Thu, 18 Dec 2008 15:49:42 GMT)
Liberia: U.S.$2.6 Billion Investment for Bong Mines (The Inquirer)
Barely a week following the arrival of Seaboard Corporation with an initial investment of US30million, another company has arrived in the country with a huge investment package. (Thu, 18 Dec 2008 16:00:34 GMT)
Liberia: Dew Mayson Seeks for More Investment Opportunities for Country (The Inquirer)
Ambassador (Prof) Dew Tuan-Wleh Mayson said his greatest quest and aspiration for Liberia is to seek for more investment opportunities for his motherland. (Thu, 18 Dec 2008 16:17:16 GMT)
Irda extends date for filing investment data
The Insurance Regulatory & Development Authority (Irda) has extended the deadline for insurance companies to disclose their investment details by another 15 days. (Thu, 18 Dec 2008 17:45:13 GMT)
Banks, investment firms borrow less from Fed
By JEANNINE AVERSA Commercial banks and investment firms borrowed slightly less from the Federal Reserve's emergency lending program over the past week, although demand for those loans and other Fed relief remains elevated. The Fed report, released Thursday, showed commercial banks averaged $88.4 billion in daily borrowing over the week ending Wednesday. That was down from $90.2 billion in ... (Thu, 18 Dec 2008 21:43:47 GMT)
Banks, investment firms borrow less from Fed
WASHINGTON (AP)—The Federal Reserve says commercial banks and investment firms borrowed slightly less from its emergency lending program over the past week…. (Thu, 18 Dec 2008 21:53:11 GMT)
Bank may take over investment firm founded by former 49ers
A Woodside investment company founded by former 49ers stars Ronnie Lott and Harris Barton is in negotiations to be taken over by Silicon Valley Bank, to which it owes $69 million. (Thu, 18 Dec 2008 22:19:00 GMT)
Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs rose $1.27 or 1.6 percent, to $80.05. (Thu, 18 Dec 2008 22:51:25 GMT)
Banks, investment firms borrow less from Fed
WASHINGTON -- Commercial banks and investment firms borrowed slightly less from the Federal Reserve's emergency lending program over the past week, although demand for those loans and other Fed relief remains elevated. (Fri, 19 Dec 2008 00:00:26 GMT)
RP and Qatar to set up $1-B investment fund
MANILA (AFP) - The governments of the Philippines and Qatar are to set up an investment fund worth more than a billion dollars, cabinet officials in Manila said Wednesday. (Fri, 19 Dec 2008 02:17:57 GMT)
SPV Law not working - international investment firm
An international investment firm said Republic Act 9182, otherwise known as the Special Purpose Vehicle (SPV) Law, have failed to protect entities that has invested in local banks†non-performing loans and assets under the SPV scheme. (Fri, 19 Dec 2008 03:00:00 GMT)
Russia's fixed investment rises in November
RBC, 19.12.2008, Moscow 09:16:32. Fixed investment grew 1.9 percent in Russia in November 2008 from a month earlier and 3.9 percent from November 2007, to RUB 848.7bn (approx. USD 30.74bn), the Russian Federal State Statistics Service (Rosstat) reported. (Fri, 19 Dec 2008 07:10:45 GMT)
Texas, state securities regulators offer guidance to help investors avoid dishonest investment professionals
AUSTIN, Texas — In the wake of the unfolding Bernard Madoff case, the Texas State Securities Board and the North American Securities Administrators Association (NASAA) today outlined steps investors can take to try to avoid dishonest investment services providers. Madoff, who founded New York City-based Bernard L. Madoff Investment Securities LLC, was arrested December 11 for an alleged ... (Fri, 19 Dec 2008 08:29:46 GMT)
Yahoo Makes Super Strategic Investment In Indian 411 Service
Today Yahoo announced the purchase of 30% of the shares of an Indian telephone information service called Network Management Company . The size of the investment wasn't disclosed, although Yahoo will take a board seat. I'm sure Yahoo has great reasons for the investment, but this seems like a bit of a side show. Their core U.S. business is deteriorating. Whatever energy they put into this ... (Fri, 19 Dec 2008 08:41:33 GMT)
Natixis to Scale Back Investment Bank in Asia, U.S. (Update1)
Dec. 19 (Bloomberg) -- Natixis SA , the worst performing French banking stock this year, plans a “major reduction” to its investment banking operations in the U.S. and Asia following losses tied to the global financial crisis. (Fri, 19 Dec 2008 09:27:05 GMT)
RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs (Update1)
Dec. 19 (Bloomberg) -- Royal Bank of Scotland Group Plc , 58 percent-owned by the U.K. government after a bailout, this week cut more than a third of Asia investment banking jobs including the head of corporate finance, two people familiar with the matter said. (Fri, 19 Dec 2008 10:06:23 GMT)
UK businesses cut back investment
UK business investment falls by more than expected in the third quarter, according to the Office for National Statistics. (Fri, 19 Dec 2008 10:33:31 GMT)
RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs (Update2)
Dec. 19 (Bloomberg) -- Royal Bank of Scotland Group Plc , 58 percent owned by the U.K. government after a bailout, cut more than a third of Asia investment-banking jobs, including that of one of its most senior executives in the region, two people familiar with the matter said. (Fri, 19 Dec 2008 10:36:46 GMT)
Ruling may give life to agricultural investment schemes
Companies offering agricultural managed investment schemes (MIS) may get new lease of life after winning test case in the Federal Court against ATO. (Fri, 19 Dec 2008 13:07:31 GMT)
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