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Investment News 03/2009



Chaudhary named Pak investment counselor in Kingdom (Arab News)
RIYADH: The Pakistan government has appointed Khalid M. Chaudhary, a Riyadh-based businessman and social worker, as investment counselor for Saudi Arabia.
When politics weigh on investment decisions (The Globe and Mail)
DUNG QUAT, Vietnam — The $3-billion (U.S.) Dung Quat oil refinery, Vietnam's biggest investment project to date, has been the source of many things for young mother Tran Thi Yen.
European Investment Bank To Provide 2.2 Billion Euro Of Loan To Turkey (TurkishPress.com)
ANKARA - European Investment Bank (EIB) will provide 2.2 billion Euro of loan to Turkey to be used by SMEs.
Pennichuck hires investment firm advisers (The Nashua Telegraph)
MERRIMACK – Following the city's lead, Pennichuck Corp. has hired a private investment banking firm to advise it in reaching a private settlement with Nashua in the 7-year-old eminent domain case. ... - By ASHLEY SMITH Staff Writer
Stanford investment officer to be released (The World)
HOUSTON (AP) — The chief investment officer of troubled Stanford Financial Group was expected to be released on $300,000 bond Friday after a court hearing in which she was painted alternately as the scapegoat for a massive fraud and as one of the few people who knows where millions stolen from investors is hidden.
What every parent should know about child’s investment income (Cypress Sun)
Children with investment income may have part or all of this income taxed at their parent’s tax rate rather than at the child’s rate. Investment income includes interest, dividends, capital gains and other unearned income
More investment needed for infrastructure development (The Economic Times)
Union Home Minister P Chidambaram stressed the need for more investment in infrastructure development for economic growth as it plays a key role in developing the far-flung and backward areas.
Abu Dhabi reviewing its Citigroup investment - sources (Reuters via Yahoo! News)
Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank's problems deepen and consequences of a possible nationalization become clearer, according to sources close to the Abu Dhabi Investment Authority (ADIA).
Abu Dhabi reviewing Citigroup investment: sources (Reuters via Yahoo! News)
Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank's problems deepen and consequences of a possible nationalization become clearer, according to sources close to the Abu Dhabi Investment Authority (ADIA).
Abu Dhabi reviewing Citigroup investment  (Reuters via Yahoo! UK & Ireland News)
Abu Dhabi is assessing its $7.5 billion (5.3 billion pound) investment in Citigroup as the bank's problems deepen and consequences of a possible nationalisation become clearer, according to sources close to the Abu Dhabi Investment Authority (ADIA).
Oregon Investment Council considers new strategy (The Oregonian)
Big losses cause the council to look at reshuffling its investment mix
What every parent should know about child’s investment income (Copperfield Sun)
Children with investment income may have part or all of this income taxed at their parent’s tax rate rather than at the child’s rate. Investment income includes interest, dividends, capital gains and other unearned income
Bangkok Post : State enterprises cut investment projects (Bangkok Post - Thailand's English news)
State enterprises plan to cut their investment budgets by nearly 40 billion baht this fiscal year.
Strong operating results ease pain of OhioHealth investment losses (BizJournals)
Ratings agencies remain high on OhioHealth Corp. even though investment losses have the hospital system on pace for its first annual loss in a decade.
Abu Dhabi 'reassessing' Citi investment (AME Info)
Abu Dhabi is believed to be reassessing its $7.5bn investment in Citigroup as the bank's problems get worse and talk of nationalisation increase, according to Reuters.
Equity investment in Rabbitt, Pitzer & Snodgrass an ‘easy decision’ (BizJournals)
When Dean Nichols was offered the opportunity to become a partner at local law firm Rabbitt, Pitzer & Snodgrass last year, he wasn’t deterred by the required equity investment.
National Grid moving forward with $5M local investment (The Daily Item)
REVERE-National Grid’s solar energy facility proposed for Wharf Street and Railroad Avenue could provide power for one, even two, local schools. That prospect and the $5 million investment the utility wants to make in a corner of the city won praise from City Council President Daniel Rizzo.
PE funds lose $4 bn on investment of $6.96 bn (The Economic Times)
Of the 93 PIPE (Private Investment in Public Enterprise) investments during 2007 and 2008, only five investments have seen positive returns on current MTM basis.
TGK-1 board to review annual investment program (RosBusinessConsulting)
RBC, 02.03.2009, Moscow 10:28:45. TGK-1's board of directors is set to consider the regional power generation company's investment program for 2009. The program's current amount coincides with the level previously announced.
Ministry: China to send delegation to Britain for mutual investment (People's Daily)
China would send a small-scale delegation to Britain to explore mutual investment opportunities, said Minister of Commerce Chen Deming here Monday. China's procurement trip to Europe is very successful, said Chen, who made the comments when taking reporter questions at a television meeting discussing how to expand consumption and facilitate circulation. The released procurement figure is only ...
Stanford investment officer released on bond (New Haven Register)
Associated Press HOUSTON — The chief investment officer of troubled Stanford Financial Group was forced to borrow money from her attorney Friday to cover her $300,000 bond and avoid spending the weekend in jail.
Investment guru admits mistakes (BBC News)
Warren Buffett, long revered for his investment prowess, admits he made some "dumb" mistakes in the past year.
Investment guru Warren Buffett admits to 'unforced errors' (BBC News)
Investment guru Warren Buffett admits to 'unforced errors' and dumb investments
China To Send Investment Team To the U.K. - State Media (Nasdaq)
BEIJING (AFP)--China will send a small delegation to the U.K. to examine investment opportunities there, state media reported Monday.
Abu Dhabi Said to Be Reviewing Citi Investment (New York Times)
Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank’s problems deepen and consequences of a possible nationalization become clearer, Reuters said, citing sources close to the Abu Dhabi Investment Authority.
South Africa: Country Improves Mining Investment Appeal (AllAfrica.com)
Johannesburg — SA's attractiveness as a mining investment destination improved slightly in the past year compared to the previous two years but the country still ranks among the three least attractive countries in Africa for mining exploration, according to the latest Fraser Institute s urvey.
Per capita investment in Orissa thrice of national average: Naveen (Business Standard India)
With investors making a beeline to Orissa to set up metals and infrastructure projects in the field of steel, aluminium, power and port, the per capita investment figures have soared in the state over last five years.
TNK-BP's Orenburg operations boost investment in geological exploration50% in 2008 (Interfax)
ORENBURG. Mar 2 (Interfax) - TNK-BP's (RTS: TNBP) operations in the Orenburg region increased investment in geological exploration by 50% to 1.67 billion rubles in 2008, OJSC Orenburgneft (RTS: ORNB). The increase in reserves in 2007 came to 31.024 million tonnes.
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 $2.65 or 2.9 percent, to $88.43. Morgan Stanley fell $.98 or 5.0 percent, to $18.56.
Pepsico Initiates $1B Investment in Jiangxi (Beverage World)
BEIJING: The global soft drink giant Pepsico Inc. recently laid a foundation to a new factory in Nanchang, capital city of eastern China's Jiangxi province, marking the initiation of its $1 billion investment in China.
SEVC bringing $70B in investment capital to Atlanta event (TechJournal South)
ATLANTA - The Southeast Venture Conference March 11-12 at the Intercontinental Buckhead in Atlanta is bringing $70 Billion in Investment Capital to the city, and nine Georgia-based firms are among 40 Southeast companies to be showcased.
How We Crunched the Numbers to Rank Global Investment Banks (Bloomberg)
March 2 (Bloomberg) -- To identify the Bloomberg 20, we examined fees that investment banks collected for underwriting securities and advising on mergers and acquisitions worldwide.
Nortel curtailing Carrier Ethernet switch/router investment (Network World)
Nortel this week said is winding down its investment in Carrier Ethernet switch/routers (CESR) in favor of packet optical transport platforms.
MBIA losses narrow sharply in 4th quarter as investment losses decline, premiums written rise (Minneapolis-St. Paul Star Tribune)
ARMONK, N.Y. - Bond insurer MBIA has reported a sharply narrower loss for the fourth quarter, as its net premiums written increased 10 percent and it posted fewer investment losses.
Rail Union says Govt investment on right track (Scoop.co.nz)
The union representing rail workers in New Zealand has welcomed today's announcement of $115 million public investment in rail infrastructure.
Obama administration may reportedly set up multiple investment funds to buy bad loans - Update (Nasdaq)
(RTTNews) - The Obama administration is reportedly mooting the idea of setting up multiple investment funds to purchase bad loans and other toxic assets, the major trigger factor for the financial crisis, the Wall Street Journal reported, quoting people familiar with the matter.
China to Send Investment Mission to Europe This Week (Update1) (Bloomberg)
March 3 (Bloomberg) -- China will send a delegation to Europe this week to investigate investment opportunities, including mergers and acquisitions, Commerce Minister Chen Deming said in Beijing today.
What every parent should know about child’s investment income (Copperfield Sun)
Children with investment income may have part or all of this income taxed at their parent’s tax rate rather than at the child’s rate. Investment income includes interest, dividends, capital gains and other unearned income
Russian investment fund to develop mobile WiMAX networks (RosBusinessConsulting)
RBC, 03.03.2009, Moscow 10:51:14. The Russian investment fund Icon is poised to invest $200m in the development of wireless broadband Internet connection WiMAX in Italy, Ukraine, Bangladesh and Russia in the next three years, the RBC Daily newspaper reported today.
Wells, Sacramento fund have investment fallout (San Francisco Chronicle)
Wells, Sacramento investment fallout Damage from the latest mega-investment fraud has spread to the Bay Area, snaring San Francisco's Wells Fargo & Co. in its net. Ninety miles to the northeast sits another victim, the Sacramento County Employees' Retirement...
China to Send Investment Mission to Europe This Week (Update2) (Bloomberg)
March 3 (Bloomberg) -- China will send a delegation to Europe this week to investigate investment opportunities, including mergers and acquisitions, Commerce Minister Chen Deming said in Beijing today.
Terra Firma Writes Off Half of EMI Investment, Report Says (New York Times)
EMI Group , it seems, is turning out to be a real drag for Guy Hands. The British financier’s buyout shop, Terra Firma , has written off half its 2.6 billion euro ($3.3 billion) investment in EMI, The Financial Times said.
Kuwaiti investment firm cites progress on debt (AP via Yahoo! Finance)
Kuwait's largest investment company says it has made significant progress in restructuring its debts, estimated at almost $3 billion.
K2 Advisors Named Investment Advisor by Highland Good Steward Management (ITNews)
STAMFORD, Connecticut, March 3 /PRNewswire/ -- Highland Good Steward Management ("HGSM") today announced it has selected K2 Advisors, L.L.C. ("K2"), a Connecticut-based investment adviser, as a sub adviser to Highland Good Steward Management ("HGSM"), an Alabama-based investment adviser.
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 $2.76 or 3.2 percent, to $83.51. Morgan Stanley fell $.05 or .3 percent, to $17.90.
Investment performance tops insurance risks: survey (Investment Executive)
As the insurance industry manages its way through the financial downturn, its top concerns are investment returns, equity performance and access to capital, according to a new survey.
North Dakota: Firm reimburses investment victims (AP via Yahoo! Finance)
North Dakota's securities commissioner says victims of an investment scheme have been repaid nearly $3 million under a settlement in the case of a former Fargo, N.D., agent.
Women of Travelers' Investment Club find safety in numbers (The Capital)
As 2009 enters its third month, the stock market is attempting to climb back from the steepest slide in 12 years. Sharon Lee Tegler — For The Capital Members of Travelers' Investment Club consult reports tracking several of their stocks during their January meeting.
Gannett Investment-Grade Credit Rating Pulled by S&P, Too (Editor & Publisher)
CHICAGO Standard & Poor's Ratings Services Monday pulled its investment-grade credit rating for Gannett Co., the second ratings agency to assign "junk bond" ratings to the nation's biggest newspaper publisher.
UPDATE: Kosovo "Desperate" For Foreign Investment-Foreign Min (Nasdaq)
LONDON (AFP)--Kosovo desperately needs international investment to repair its devastated economy, Foreign Minister Skender Hyseni said Tuesday.