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Investment News 02/2009



Bangkok Post : MBK scales back investment budget (Bangkok Post - Thailand's English news)
07/01/2009 : MBK Plc, the operator of MBK Shopping Centre, has halved its four-billion-baht investment budget over the next two years on worries about the global financial crisis and local uncertainties.
Hollis man got all his investment money back (New Hampshire Union Leader)
Dick Stahl and regulators persevered to win a $650,000 settlement from investment giant UBS.
Green investment gets a slow, steady move-on (San Bernardino Sun)
Attracting enough smart people and investment capital to the Inland Empire might be the key to unlocking the area's green technology potential.
S Korean company seeks investment in mineral exploration in Myanmar (People's Daily)
A South Korean leading private company is seeking investment in mineral exploration in a major mine in Myanmar's northern Shan state, the local weekly Yangon Times reported in this week's issue. Confirmed by the South Korean Embassy here, the Korean HC Company has coordinated with the Myanmar mining authorities to make investment in the Yadanar Theinki mining block on a mutually-beneficial basis ...
Mortgage-backed Ginnie Maes offer modest investment return (Everett Herald)
BOSTON -- Home foreclosures and market volatility are running high. So any investment even remotely connected to mortgages is the last place to look if you're trying to protect your retirement savings, right?
Following clues the SEC didn't (International Herald Tribune)
Given the crisis of confidence in our markets, the story of how Allied Capital, an investment company, quelled its critics and managed the U.S. Securities and Exchange Commission is intriguing.
Coal Twp. resident joins Ameritas Investment Corp. (The Shamokin News-Item)
Michael T. Shaffer, of Coal Township, has joined Ameritas Investment Corp. Member FINRA/SIPC. Shaffer is affiliated with the Olvany Insurance Agency. A registered representative, he is engaged in the implementation and servicing of 401(k) plans, IRA accounts, mutual funds and annuities.
Rs 1,20,000 cr investment at risk, need govt support: SIAM (The Economic Times)
Indian auto industry was to witness investments to the tune of Rs 80,000 crore, which would have almost doubled the total investment made in the sector so far to about Rs 120,000 crore.
Business investment to spiral (Herald Sun)
BUSINESS investment is set to fall sharply over the next two years as the economic downturn bites, with a number of major infrastructure projects already shelved.
Investment to fall sharply: Access (The West Australian)
Business investment is set to fall sharply over the next two years as the economic downturn bites, with a number of major infrastructure projects already shelved.
Tory’s social housing funding a one-off investment (National Post)
A hefty supply of federal dollars for social housing in the latest budget is a one-off investment that should not be interpreted as the launch of a new long-term national housing policy, said Human Resources Minister Diane Finley
Investment to dive as projects shelved (The Advocate)
BUSINESS investment is set to fall sharply with $37 billion worth of projects shelved and more due to be put on hold.
Long-term investment forecast sees opportunities, inflationary risk (The Delaware Business Ledger)
Wilmington - Wilmington Trust’s investment experts have released a new 10-year capital markets forecast which focuses on the continued importance of risk management and projects the likely performance of and risks associated with various asset classes and strategies through 2018. The forecast predicts inflationary pressures, but also sees opportunities from batttered stocks and other investments.
Investment slows down (Central Chronicle)
As per industrial belief the time of economic slowdown is the best for capital investment. Land cost, capital and services remain at cheaper rates and the governments are also committed to provide several facilities.
Rs 1.2 lakh cr investment at risk, need govt support: SIAM (Business Standard India)
Making an impassioned plea for help, apex auto industry body Society of Indian Automobile Manufacturers (SIAM) has said, over Rs 1,20,000 crore investment could be at risk, putting millions of jobs at stake if the government support is not forthcoming.
Electricity body calls for $50b investment (ABC via Yahoo!7 News)
The peak national body representing electricity distribution companies says there will be more widespread blackouts in the future unless there is investment in infrastructure.
Australian Investment Projects Drop for First Time Since 2004 (Bloomberg)
Feb. 2 (Bloomberg) -- Planned investment in Australia dropped for the first time in four years as mining companies scaled back production because of the global economic slowdown, Access Economics said.
CalPERS investment chief sees 'no place to hide' in the markets (Los Angeles Times)
Joseph Dear prepares to take over as the pension fund seeks to shore up its ability to pay benefits amid losses. There doesn't appear to be a lot of philosophical or practical daylight between Joseph A. Dear, the new chief investment officer of the country's largest public pension fund, and the labor-oriented board that hired him.
S.F. investment banks bracing for “shakeout” (BizJournals)
The Bay Area’s emerging growth investment banks are joining forces with rivals and taking other urgent measures to weather the financial storm.
Electricity network investment needed to prevent blackouts: industry (Australian Broadcasting Corporation)
The energy sector says power blackouts will increase unless federal and state energy ministers move to protect investment in electricity infrastructure.
SCIB เสนอสินเชื่อเคหะดอกเบี้ยพิเศษในงาน “Investment Expo 2009” (Newswit.com)
Siam City Bank (SCIB) is offering “SCIB Housing Loan” low interest rate in “Investment Expo 2009” between 6-8 February 2009, This campaign start up fix rate one year 1.99%, credit lines of up to 95% of the property appraisal value and term of loan can be up to 30 years.
Dublin Property Market Draws Low Marks for European Investment (Bloomberg)
Feb. 2 (Bloomberg) -- Dublin, capital of the first euro- region country to report an economic recession , offers the worst real estate investment prospects among Europe’s major urban markets, PricewaterhouseCoopers LLP said.
Kuoni announces investment and cost reduction programme (eyefortravel.com)
The Board of Directors of the Kuoni Group has approved an exceptional CHF 106 million (GBP 63 million) investment and cost reduction programme which will extend over the next three years.
Al Rayan Investment increases its capital to Dhs452m and doubles its profit to Dhs183m in 2008 (AME Info)
The Chairman of the board of Abu Dhabi based investment company, Al Rayan Investment, Mr Fardan Hassan Al Fardan, announced that the company had successfully increased its operating capital by 10% owing to profits achieved in 2008.
MINING FINANCE / INVESTMENT (Mineweb)
As pension investments are already tightening, the investment arm of the Norwegian Government has adopted pollution criteria, which has prompted the nation to drop its investment in yet another miner.
India DLF to raise up to $510 mln from PE investment (Reuters via Yahoo! Malaysia News)
NEW DELHI, Feb 2 (Reuters) - DLF Ltd , India's top listed real estate firm, hopes to raise 20-25 billion rupees ($408-510 million) from private equity investment in its property trust in the March quarter, its vice-chairman said on Monday.
Brokered investment into Slovakia down nearly 60% in 2008 - SARIO agency (Interfax)
PRAGUE. FEBRUARY 2. INTERFAX CENTRAL EUROPE - The Slovak government agency for attracting trade and development SARIO said it helped attract foreign investment to the country worth SKK 16.21 bln (EUR 538.1 mln) last year, a drop of nearly 60% compared to 2007.
Chinalco prepares the ground for $24bn investment in Rio (The Age)
China's state-owned Chinalco has lined up financing and started the ball rolling on gaining Australian Government approval for a proposed $US15 billion convertible bond and mining asset investment in Rio Tinto.
Chinalco lines up cash for Rio investment (Business Day)
CHINA'S Chinalco has arranged financing for a potential $US15 billion to $US20 billion ($31.5 billion) investment in Rio Tinto that will involve buying minority stakes in mines - including Rio's prized iron ore assets - and the issue of a convertible bond.
With Stocks 'Cheap,' Investment Firm Looks for 2009 Winners (Indie Research via Yahoo! Finance)
Fisher Investments, an investment advisor with $30 billion under management, has become one of the more closely followed Pros among the tickerspy.com investing community.
LUKoil's foreign investment to reach $1.5 bln in 2009 (Russian Information Agency Novosti)
MOSCOW, February 2 (RIA Novosti) - LUKoil's foreign investment will total $1.5 billion in 2009, the president of Russia's largest independent crude producer said on Monday.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $.38 or .5 percent, to $80.35. Morgan Stanley fell $.26 or 1.3 percent, to $19.97.
Aflac stays profitable, despite investment losses (Atlanta Journal-Constitution)
A strong Japanese yen, coupled with a solid boost in premium income in its U.S. operations, helped Aflac's fourth-quarter and full-year results stay in the black despite heavy investment losses.
Global recession causes foreign investment flow to trickle (Vietnam Net)
VietNamNet Bridge - Vietnam began to feel the knock-on effects of the global recession as the government announced that the total foreign direct investment (FDI) registered during January 2009 was just 200 million USD, an 8.5-time drop year-on-year.
UBS cuts investment bank bonuses 80 percent, no cash (Reuters via Yahoo! News)
UBS AG , which agreed to change its compensation practices when it received a Swiss government bailout last fall, on Thursday confirmed it is slashing bonuses for its investment bank by more than 80 percent.
Global, Investment Dar cut salaries (AME Info)
Two of Kuwait's biggest investment firms, Global Investment House and Investment Dar, are shedding staff or cutting wages to lower costs due to the financial crisis, company officials said.
UBS cuts investment bank bonuses 80 percent, no cash (Reuters)
NEW YORK (Reuters) - UBS AG , which agreed to change its compensation practices when it received a Swiss government bailout last fall, on Thursday confirmed it is slashing bonuses for its investment bank by more than 80 percent.
Rate cut 'to boost property investment' (Toowoomba Chronicle)
PRIVATE investment in commercial real estate is likely to be boosted by the latest rate cut by the Reserve Bank of Australia, a real estate analyst says.
ADCB Infrastructure Fund announces $188m investment (AME Info)
The ADCB Macquarie Infrastructure Fund announced today a $188m investment that will give it exposure to government-commissioned infrastructure projects in the UAE. The investment, the first by AMIF since it announced its launch and capital raisings of $630m in December 2008, will support critical industrial infrastructure developments commissioned by ZonesCorp, an independent government ...
Summit to rehire investment firm (Akron Beacon Journal)
Contract pays $60,000 annually for managing the county's portfolio County is making less in investment income
Securing investment is a key challenge for energy sector (Zawya)
03 February 2009 Securing enough investment for output expansion projects is one of the main challenges besetting the energy sector in the long term given the expected big rise in demand, according to a Western oil expert.
CalPERS investment chief sees 'no place to hide' in the markets (San Fernando Valley Business Journal)
Reporting from Sacramento -- There doesn't appear to be a lot of philosophical or practical daylight between Joseph A. Dear, the new chief investment officer of the country's largest public pension fund, and the labor-oriented board that hired him.
Credit Suisse Said to Cut Investment Bank Bonuses 55% (Update2) (Bloomberg)
Feb. 3 (Bloomberg) -- Credit Suisse Group AG , Switzerland’s second-largest bank, plans to cut bonuses for investment bankers by about 55 percent following $13.6 billion of credit writedowns, two people familiar with the situation said.
Volusia proposes investment overhaul (Daytona Beach News-Journal)
Looking for more security and a better return in a dark economic landscape, Volusia County administrators have proposed the first overhaul of the county's investment strategy since 2003.
Pennsylvania Governor Announces $12.2 Million Investment in Eight Aviation Projects (Aircraft Maintenance Technology)
HARRISBURG, PA -- Governor Edward G. Rendell announces the investment of $12.2 million as part of PennDOT's Aviation Capital Budget/Transportation Assistance Program.
Slash in corporate investment creating long-term problems (EurekAlert!)
( University of Illinois at Urbana-Champaign ) A deep and lingering credit crisis is throttling investment in moneymaking projects that could help jump-start a US economy mired in its worst downturn in decades, a new survey of corporate executives shows.
Outlook for Real Estate Investment Trusts Discussed in Wall Street Transcript Report (Wall Street Transcript via Yahoo! Finance)
67 WALL STREET, New York - February 03, 2009 - The Wall Street Transcript has just published its Real Estate Investment Trusts issue, a report offering a timely review of the sector to serious investors and industry executives. This 57-page feature contains a roundtable forum and industry commentary through in-depth interviews with top management from 11 firms and 1 analyst. The full issue is ...
Urban Investment Partners to begin $1.9M renovation (BizJournals)
Urban Investment Partners will soon begin a $1.9 million renovation of a 70-year-old apartment building at 2911 Newark St. NW.
Slash in corporate investment creating long-term problems (PhysOrg)
A deep and lingering credit crisis is throttling investment in moneymaking projects that could help jump-start a U.S. economy mired in its worst downturn in decades, a new survey of corporate executives shows.
Axia Software’s “REVEAL” Asset Investment Planning Suite Showcased at DistribuTECH 2009 (Centre Daily Times)
Axia Software, leader in Asset Investment Planning solutions celebrates its first anniversary release of “REVEAL”, a revolutionary Asset Investment Planning Suite at DistribuTECH in San Diego, California today, through February 5, 2009.