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Investment News Mar 2009

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Chaudhary named Pak investment counselor in Kingdom
RIYADH: The Pakistan government has appointed Khalid M. Chaudhary, a Riyadh-based businessman and social worker, as investment counselor for Saudi Arabia. (Sun, 01 Mar 2009 00:14:24 GMT)

When politics weigh on investment decisions
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. (Sun, 01 Mar 2009 03:04:19 GMT)

European Investment Bank To Provide 2.2 Billion Euro Of Loan To Turkey
ANKARA - European Investment Bank (EIB) will provide 2.2 billion Euro of loan to Turkey to be used by SMEs. (Sun, 01 Mar 2009 03:28:05 GMT)

Pennichuck hires investment firm advisers
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 (Sun, 01 Mar 2009 05:23:52 GMT)

Stanford investment officer to be released
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. (Sun, 01 Mar 2009 06:50:36 GMT)

What every parent should know about child’s investment income
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 (Sun, 01 Mar 2009 07:59:38 GMT)

More investment needed for infrastructure development
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. (Sun, 01 Mar 2009 11:06:04 GMT)

Abu Dhabi reviewing its Citigroup investment - sources
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). (Sun, 01 Mar 2009 12:22:39 GMT)

Abu Dhabi reviewing Citigroup investment: sources
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). (Sun, 01 Mar 2009 13:52:25 GMT)

Abu Dhabi reviewing Citigroup investment 
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). (Sun, 01 Mar 2009 13:53:00 GMT)

Oregon Investment Council considers new strategy
Big losses cause the council to look at reshuffling its investment mix (Sun, 01 Mar 2009 14:13:06 GMT)

What every parent should know about child’s investment income
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 (Sun, 01 Mar 2009 17:51:32 GMT)

Bangkok Post : State enterprises cut investment projects
State enterprises plan to cut their investment budgets by nearly 40 billion baht this fiscal year. (Mon, 02 Mar 2009 04:15:52 GMT)

Strong operating results ease pain of OhioHealth investment losses
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. (Mon, 02 Mar 2009 06:00:46 GMT)

Abu Dhabi 'reassessing' Citi investment
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. (Mon, 02 Mar 2009 07:01:08 GMT)

Equity investment in Rabbitt, Pitzer & Snodgrass an ‘easy decision’
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. (Mon, 02 Mar 2009 07:50:07 GMT)

National Grid moving forward with $5M local investment
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. (Mon, 02 Mar 2009 08:21:54 GMT)

PE funds lose $4 bn on investment of $6.96 bn
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. (Mon, 02 Mar 2009 08:21:58 GMT)

TGK-1 board to review annual investment program
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. (Mon, 02 Mar 2009 08:22:01 GMT)

Ministry: China to send delegation to Britain for mutual investment
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 ... (Mon, 02 Mar 2009 08:47:33 GMT)

Stanford investment officer released on bond
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. (Mon, 02 Mar 2009 08:54:10 GMT)

Investment guru admits mistakes
Warren Buffett, long revered for his investment prowess, admits he made some "dumb" mistakes in the past year. (Mon, 02 Mar 2009 10:26:14 GMT)

Investment guru Warren Buffett admits to 'unforced errors'
Investment guru Warren Buffett admits to 'unforced errors' and dumb investments (Mon, 02 Mar 2009 10:39:52 GMT)

China To Send Investment Team To the U.K. - State Media
BEIJING (AFP)--China will send a small delegation to the U.K. to examine investment opportunities there, state media reported Monday. (Mon, 02 Mar 2009 10:49:03 GMT)

Abu Dhabi Said to Be Reviewing Citi Investment
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. (Mon, 02 Mar 2009 12:26:03 GMT)

South Africa: Country Improves Mining Investment Appeal
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. (Mon, 02 Mar 2009 12:57:13 GMT)

Per capita investment in Orissa thrice of national average: Naveen
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. (Mon, 02 Mar 2009 14:34:04 GMT)

TNK-BP's Orenburg operations boost investment in geological exploration50% in 2008
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. (Mon, 02 Mar 2009 15:30:37 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 $2.65 or 2.9 percent, to $88.43. Morgan Stanley fell $.98 or 5.0 percent, to $18.56. (Mon, 02 Mar 2009 15:51:47 GMT)

Pepsico Initiates $1B Investment in Jiangxi
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. (Mon, 02 Mar 2009 16:27:56 GMT)

SEVC bringing $70B in investment capital to Atlanta event
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. (Mon, 02 Mar 2009 17:22:38 GMT)

How We Crunched the Numbers to Rank Global Investment Banks
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. (Mon, 02 Mar 2009 19:12:13 GMT)

Nortel curtailing Carrier Ethernet switch/router investment
Nortel this week said is winding down its investment in Carrier Ethernet switch/routers (CESR) in favor of packet optical transport platforms. (Mon, 02 Mar 2009 23:43:14 GMT)

MBIA losses narrow sharply in 4th quarter as investment losses decline, premiums written rise
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. (Mon, 02 Mar 2009 23:51:14 GMT)

Rail Union says Govt investment on right track
The union representing rail workers in New Zealand has welcomed today's announcement of $115 million public investment in rail infrastructure. (Tue, 03 Mar 2009 02:46:00 GMT)

Obama administration may reportedly set up multiple investment funds to buy bad loans - Update
(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. (Tue, 03 Mar 2009 07:33:59 GMT)

China to Send Investment Mission to Europe This Week (Update1)
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. (Tue, 03 Mar 2009 07:47:55 GMT)

What every parent should know about child’s investment income
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 (Tue, 03 Mar 2009 07:50:57 GMT)

Russian investment fund to develop mobile WiMAX networks
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. (Tue, 03 Mar 2009 08:06:04 GMT)

Wells, Sacramento fund have investment fallout
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... (Tue, 03 Mar 2009 08:31:46 GMT)

China to Send Investment Mission to Europe This Week (Update2)
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. (Tue, 03 Mar 2009 11:06:11 GMT)

Terra Firma Writes Off Half of EMI Investment, Report Says
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. (Tue, 03 Mar 2009 12:09:28 GMT)

Kuwaiti investment firm cites progress on debt
Kuwait's largest investment company says it has made significant progress in restructuring its debts, estimated at almost $3 billion. (Tue, 03 Mar 2009 14:23:58 GMT)

K2 Advisors Named Investment Advisor by Highland Good Steward Management
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. (Tue, 03 Mar 2009 15:17:24 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 $2.76 or 3.2 percent, to $83.51. Morgan Stanley fell $.05 or .3 percent, to $17.90. (Tue, 03 Mar 2009 15:51:45 GMT)

Investment performance tops insurance risks: survey
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. (Tue, 03 Mar 2009 15:53:26 GMT)

North Dakota: Firm reimburses investment victims
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. (Tue, 03 Mar 2009 16:25:26 GMT)

Women of Travelers' Investment Club find safety in numbers
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. (Tue, 03 Mar 2009 16:44:50 GMT)

Gannett Investment-Grade Credit Rating Pulled by S&P, Too
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. (Tue, 03 Mar 2009 17:23:13 GMT)

UPDATE: Kosovo "Desperate" For Foreign Investment-Foreign Min
LONDON (AFP)--Kosovo desperately needs international investment to repair its devastated economy, Foreign Minister Skender Hyseni said Tuesday. (Tue, 03 Mar 2009 17:34:51 GMT)

Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $3.90 or 4.5 percent, to $82.37. (Tue, 03 Mar 2009 22:39:45 GMT)

Madoff Yields Rights on Investment Business
Madoff gives up rights to his investment business and his company's artwork and entertainment tickets. (Tue, 03 Mar 2009 23:46:11 GMT)

Two accused of conning $1.3 million in real estate investment scam
Two men were indicted on charges they stole $1.3million from small investors in a phony real estate investment firm run out of the Helmsley Building, prosecutors said Tuesday. (Wed, 04 Mar 2009 04:00:39 GMT)

Foley defends SA business investment
The South Australian Opposition says figures from the Bureau of Statistics show business investment in SA fell nearly 14 per cent in the December quarter, well ahead of every other state. (Wed, 04 Mar 2009 06:09:00 GMT)

China Investment May Buy Undervalued Commodity Assets (Update3)
March 4 (Bloomberg) -- China Investment Corp. , the $200 billion sovereign wealth fund, may invest in “undervalued” commodity assets, joining other Chinese companies in taking advantage of a seven-year low in prices. (Wed, 04 Mar 2009 06:54:49 GMT)

Univ. justifies investment strategies
The stewards of the University’s endowment stood by their investment strategy in an annual report released Tuesday. (Wed, 04 Mar 2009 06:59:20 GMT)

Madoff to give up rights to investment business, its artwork and tickets
Bernard Madoff has agreed to give up the rights to his disgraced investment business and his company (Wed, 04 Mar 2009 08:09:28 GMT)

South Africa: Investment Schemes Peak
Johannesburg — MONEY has continued to flow into South African collective investment schemes (CIS), despite huge outflows from schemes globally. (Wed, 04 Mar 2009 08:26:40 GMT)

Kuwait’s Investment Dar Gains on Report of Aston Martin Sale
March 4 (Bloomberg) -- Investment Dar Co. surged as much as 5.7 percent after the Financial Times reported the Kuwaiti financial-services company is considering selling its stake in luxury car-maker Aston Martin Lagonda Ltd. (Wed, 04 Mar 2009 08:30:21 GMT)

India govt approves Accor's investment plans
NEW DELHI, March 4 (Reuters) - India has approved foreign investment proposals for 6.16 billion rupees ($119 million), including that of French hotel group Accor , the finance ministry said on Wednesday. (Wed, 04 Mar 2009 09:30:51 GMT)

Return on Investment: Public Schools Rock
Few measures of a b-school's performance hit home quite like return on investment, or ROI. In an era when salary freezes and layoffs are the order of the day, a school that can deliver the goods -- decent-paying jobs for the vast majority of graduates -- is golden. If it can do so without charging an arm and a leg, well, so much the better. (Wed, 04 Mar 2009 13:08:41 GMT)

Over US$6 trillion worth of investment needed for new energy infrastructure
SINGAPORE : The global economic outlook may be gloomy but experts say the environmental sector is set to bloom. Over US$6 trillion worth of investment is forecast to be needed for new energy infrastructure over the next 25 years. (Wed, 04 Mar 2009 14:07:19 GMT)

Medium and Large Businesses Believe Information Technology Investment Remains an Important Priority Despite Economy
The majority of medium and large businesses believe that continued investment in information technology (IT) is an important priority according to the latest CDW IT Monitor. Data confirmed that most medium and large corporations expect to purchase new IT hardware in the next six months (78 percent and 82 percent, respectively). (Wed, 04 Mar 2009 14:37:18 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 $1.92 or 2.3 percent, to $84.29. Morgan Stanley rose $.89 or 4.9 percent, to $19.07. (Wed, 04 Mar 2009 15:55:20 GMT)

National Grid investment will cost Britain £4.7bn
Huge investment is needed to ensure the UK electricity network is prepared for new renewable and nuclear infrastructure says report. (Wed, 04 Mar 2009 16:38:32 GMT)

Thai Board Of Investment Approves Economic Stimulus Measures
-(Dow Jones)- Thailand's Board of Investment Wednesday approved a series of stimulus measures, including tax exemptions, to help encourage investment and boost the struggling economy. (Wed, 04 Mar 2009 16:59:16 GMT)

Sarasota Real Estate - Investment Guide
If you are aiming for a good investment on a quality home in Sarasota real estate, then you need to make sure that you know the various details that can affect the type of home you purchase, the amount to invest on it, as well as potential profit to be had if you plan to sell it off to the general public. (Wed, 04 Mar 2009 17:46:36 GMT)

China: Investment is crucial
Premier Wen Jiabao calls on Chinese to brace for greater hardships - says both government and private investment needed. (Thu, 05 Mar 2009 00:03:05 GMT)

Oil Rises a Third Day as China Says It Will Increase Investment
March 5 (Bloomberg) -- Crude oil rose for a third day in New York, extending yesterday’s surge, as China said it will “significantly increase” investment this year to boost its economy, potentially draining ample supplies of the fuel. (Thu, 05 Mar 2009 00:54:57 GMT)

PT BANK MUAMALAT TO ATTRACT US$100 MLN IN INVESTMENT FINANCING
KUALA LUMPUR, March 5 (Bernama) -- PT Bank Muamalat, which launched its inaugural financial centre in Malaysia, aims to attract investment financing worth US$100 million from the Middle East and Malaysia. (Thu, 05 Mar 2009 03:36:51 GMT)

India Asset Sale, Deficit Cut Key to Retaining Investment Grade
March 5 (Bloomberg) -- India needs to contain its widening budget gap and implement changes including stake sales of state- run companies and easier rules for construction firms to keep its investment-grade credit rating, Standard & Poor's said. (Thu, 05 Mar 2009 04:20:13 GMT)

Asian Stocks Rise as China’s Wen Pledges Increased Investment
March 5 (Bloomberg) -- Asian stocks gained for a second day, led by commodity and construction companies, after China’s Premier Wen Jiabao pledged to “significantly increase” investment in the world’s third-largest economy. (Thu, 05 Mar 2009 05:51:06 GMT)

Japan's business investment drops at record pace
Japanese companies are slashing their investment in plants and equipment at a record pace to cope with a worsening recession in Asia's biggest economy, data showed Thursday. (Thu, 05 Mar 2009 06:14:40 GMT)

GDF Suez 2008 Profit Rises 13 Percent; Investment Confirmed
March 5 (Bloomberg) -- GDF Suez SA , the world’s second- biggest utility, reported a 13 percent increase in 2008 profit and confirmed a 30-billion euro investment program up to 2010. (Thu, 05 Mar 2009 07:30:51 GMT)

Citadel Investment Group shows profits in two largest hedge funds for second straight month
The Kensington and Wellington funds gained 2.6 percent in February Citadel Investment Group posted its second straight profitable month in its two largest hedge funds, which declined in value by 55 percent last year. (Thu, 05 Mar 2009 08:18:01 GMT)

Michigan business news briefs: Beringea investment
Beringea LLC, a Farmington Hills-based private equity and investment-banking firm, said Wednesday that it has made a $3.5-million investment in Fjord, an 8-year-old digital-design firm based in London. (Thu, 05 Mar 2009 08:34:45 GMT)

EU: lower exports, investment behind 4Q slump
Slumping exports and falling investment caused the euro-zone economy to shrink 1.5 percent in the fourth quarter, the EU statistics agency Eurostat said Thursday, confirming an earlier estimate. (Thu, 05 Mar 2009 10:44:03 GMT)

Investment Dar Gains as Receives Interest in Aston Martin Stake
March 5 (Bloomberg) -- Investment Dar Co. surged as much as 4.3 percent after the Kuwaiti financial-services company received “preliminary expressions of interest” for its stake in the maker of luxury cars Aston Martin Lagonda Ltd. (Thu, 05 Mar 2009 11:29:50 GMT)

European Spending, Investment Fall Most in 13 Years (Update1)
March 5 (Bloomberg) -- European consumer spending and investment contracted the most in at least 13 years in the fourth quarter, strengthening the case for the European Central Bank to step up its response to the economic crisis. (Thu, 05 Mar 2009 11:52:33 GMT)

Government hopes two-pronged oil strategy will not discourage IOC investment in Iraq
By SAMUEL CISZUK UPI Outside View Commentator LONDON, March 5 (UPI) -- Iraqi Prime Minister Nouri al-Maliki has lent his support to a new two-pronged oil-development strategy in an attempt to appease those who have challenged the current strategy as relying too much on the hope of future investment from international oil companies by launching an immediate domestic work program. (Thu, 05 Mar 2009 16:26:29 GMT)

CtW Investment calls on BofA to fire CEO Ken Lewis
CHARLOTTE, N.C. - CtW Investment Group is asking Bank of America's board to fire chairman and chief Executive Ken Lewis over missteps regarding its Merrill Lynch acquisition... (Thu, 05 Mar 2009 16:31:02 GMT)

CtW Investment Group calls on BofA to remove Lewis
CtW Investment Group has called on BofA’s board to remove Kenneth Lewis as chairman and CEO in light of his disastrous missteps, according to a letter to Bank of America lead director O. Temple Sloan on Thursday. (Thu, 05 Mar 2009 16:48:52 GMT)

Zoning 'won't drive away investment'
Natural Resource and Environment Minister Suwit Khunkitti yesterday insisted that declaring Map Ta Phut a pollutioncontrol zone would not scare off industrial investment. (Thu, 05 Mar 2009 17:23:47 GMT)

CtW Investment calls on BofA to fire CEO Ken Lewis
Change to Win Investment Group on Thursday asked Bank of America Corp.'s board to fire chairman and chief Executive Ken Lewis over missteps regarding the company's Merrill Lynch & Co. acquisition and a plummeting share price. (Thu, 05 Mar 2009 17:30:24 GMT)

CtW Investment Calls On Bank Of America To Fire Ken Lewis
CtW Investment Calls On Bank Of America To Fire Ken Lewis (Thu, 05 Mar 2009 19:56:20 GMT)

Banks draw more, investment firms less from Fed
Commercial banks boosted their borrowing over the past week from the Federal Reserve's emergency lending program, while investment firms drew less. (Thu, 05 Mar 2009 23:20:03 GMT)

Banks draw more, investment firms less from Fed
WASHINGTON -- Commercial banks boosted their borrowing over the past week from the Federal Reserve's emergency lending program, while investment firms drew less. (Thu, 05 Mar 2009 23:20:03 GMT)

Banks draw more, investment firms less from Fed
By JEANNINE AVERSA Commercial banks boosted their borrowing over the past week from the Federal Reserve's emergency lending program, while investment firms drew less. The Fed on Thursday said commercial banks averaged nearly $66 billion in daily borrowing over the week ending Wednesday. That was up from $64.4 billion in average daily borrowing logged over the week that ended Feb. 25. Investment ... (Thu, 05 Mar 2009 23:20:53 GMT)

Banks draw more, investment firms less from Fed
Commercial banks boosted their borrowing over the past week from the Federal Reserve's emergency lending program, while investment firms drew less. The Fed on Thursday said commercial banks averaged nearly $66 billion in daily borrowing over the week ending... (Thu, 05 Mar 2009 23:29:30 GMT)

CtW Investment calls on BofA to fire CEO Ken Lewis
Change to Win Investment Group on Thursday asked Bank of America Corp.'s board to fire Chairman and Chief Executive Ken Lewis over missteps regarding the company's Merrill Lynch & Co. acquisition and a plummeting share price. (Fri, 06 Mar 2009 00:14:06 GMT)

CtW Investment Group calls on BofA to remove Lewis
CtW Investment Group has called on Bank of America’s board to remove Kenneth Lewis as chairman and chief executive in light of his disastrous missteps, according to a letter to Bank of America lead director O. Temple Sloan on Thursday. (Fri, 06 Mar 2009 02:09:56 GMT)

Heads up | Banks borrow more from emergency program, while investment firms borrow less
The Federal Reserve said commercial banks borrowed $66 billion a day in the past week from its emergency lending program, up from $64.4 billion the previous week. Investment firms drew an average of $23.8 billion in the past week from the Fed program, down from $25.6 billion the previous week. (Fri, 06 Mar 2009 04:24:06 GMT)

EDF to Outline EU2 Billion in Investment Soon, La Tribune Says
March 6 (Bloomberg) -- Patrick Devedjian , the French minister in charge of the country’s economic stimulus package, said he will detail within two weeks a 2 billion-euro ($2.5 billion) investment to be made by state-controlled Electricite de France SA, La Tribune reported. (Fri, 06 Mar 2009 07:46:04 GMT)

CtW Investment calls on BofA to fire chairman
CHARLOTTE, N.C. - Change to Win Investment Group yesterday asked Bank of America Corp.'s board to fire Chairman Ken Lewis over missteps regarding the company's Merrill Lynch & Co. acquisition and a plummeting share price. (Fri, 06 Mar 2009 07:46:12 GMT)

A new leader of the investment newsletter long-term rankings
A new leader of the investment newsletter long-term rankings (Fri, 06 Mar 2009 08:25:26 GMT)

PetroVietnam, Oman Oil to Set Up Investment Fund, Lao Dong Says
March 6 (Bloomberg) -- Vietnam Oil & Gas Group, known as PetroVietnam, and Oman Oil Co. will set up a $100 million investment fund to develop oil and refining projects, Lao Dong newspaper reported, without saying where it got the information. (Fri, 06 Mar 2009 09:00:18 GMT)

Coke plans $2 billion investment in China
The Coca-Cola Co. said Friday it plans to invest $2 billion in China over the next three years on top of the billions of dollars it has already committed to buying out a major Chinese juice producer. The investment would go toward new plant and distribution... (Fri, 06 Mar 2009 12:15:17 GMT)

Japan's long slump defies faith in stocks as best investment
The long-languid Japanese stock market offers a scary counterexample to the belief that over the long run, stocks are always the best investment. (Fri, 06 Mar 2009 13:25:15 GMT)

InnVest Real Estate Investment Q4 FFO rises - Quick Facts
(RTTNews) - InnVest Real Estate Investment Trust (INN_U.TO) posted a fourth quarter net loss from continuing operations of C$28.3 million or a loss of C$0.381 per unit, compared to net income from continuing operations of C$24.5 million, or C$0.325 per unit in the prior year. (Fri, 06 Mar 2009 13:49:16 GMT)

Sellers take charge in investment trust sector
IT WAS another tough week for the real estate investment trust sector as the sellers took charge amid concerns of further declines in asset values as the end of the financial year approaches. (Fri, 06 Mar 2009 14:02:30 GMT)

Multimillion investment fraudster 'lived the high life'
A multimillion pound investment fraudster lived the high life with clients' cash splashing out on super cars fine cigars and cosmetic dentistry a court heard. (Fri, 06 Mar 2009 16:06:10 GMT)

OPEC says low oil price will hurt investment
Low oil prices could provide economic stimulus in the short term, but at the cost of a supply shortfall in future due to low investment, OPEC's secretary general said today. The Organization of the Petroleum Exporting Countries meets on March 15 to review supply policy and some members of the group have raised the possibility it may cut oil output further to boost oil prices. (Fri, 06 Mar 2009 16:32:49 GMT)

Russia's budget investment planned at $30bn
RBC, 06.03.2009, Moscow 19:57:22. Russia's federal budget for 2009 provides for the total investment expenses of RUB 1.1 trillion (approx. USD 30.65bn), Prime Minister Vladimir Putin told a meeting on marine equipment development held in St. Petersburg today. (Fri, 06 Mar 2009 17:21:04 GMT)

Volcker: Split Commercial and Investment Banks
Paul A. Volcker, the former Federal Reserve chairman, said Friday that commercial banks should be separated from investment banks in order to avoid another financial crisis. (Fri, 06 Mar 2009 18:54:28 GMT)

Brazil's Silva: Petrobras mulled investment cut
President Luiz Inacio Lula da Silva says Brazil's state oil company considered scaling back an ambitious investment strategy, but he ordered Petrobras to go ahead with the plan to stimulate Latin America's largest economy. (Fri, 06 Mar 2009 19:39:36 GMT)

Moody's rates Potash shelf at investment grade
Moody's Investors Service assigned an investment grade rating to a shelf filing of senior $2 billion unsecured securities that could be issued by Canada-based Potash Corporation of Saskatchewan Inc., a maker of fertilizers. (Fri, 06 Mar 2009 20:13:03 GMT)

Men sentenced for investment scam
Two men are handed jail terms over an investment scam which netted nearly £15m from wealthy clients. (Fri, 06 Mar 2009 21:35:25 GMT)

Sirius closes $530 million Liberty investment deal
Sirius XM Radio Inc. on Friday said it has closed the $530 million investment deal with Liberty Media Corp. and extended the maturity of certain debt coming due in two months, to 2010. (Sat, 07 Mar 2009 00:00:50 GMT)

Employees of investment firm Stanford laid off
About 1,000 people working around the nation for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off Friday by order of the court-appointed receiver in the investment firm's case. "After a review of the... (Sat, 07 Mar 2009 04:14:28 GMT)

Employees of troubled investment firm laid off
(AP:HOUSTON) About 1,000 people working around the United States for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off Friday by order of the court-appointed receiver in the investment firm's case. (Sat, 07 Mar 2009 05:16:48 GMT)

Employees of Troubled Investment Firm Laid Off
Receiver orders bulk of troubled investment firm's workers terminated without severance (Sat, 07 Mar 2009 05:26:04 GMT)

Employees of investment firm Stanford laid off
About 1,000 people working around the nation for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off Friday by order of the court-appointed receiver in the investment firm's case. (Sat, 07 Mar 2009 07:20:28 GMT)

Employees of investment firm Stanford laid off
HOUSTON -- About 1,000 people working around the nation for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off Friday by order of the court-appointed receiver in the investment firm's case. (Sat, 07 Mar 2009 07:20:28 GMT)

Marfin Investment Group chosen to buy Olympic Airlines
The Greek government says its advisors have picked Marfin Investment Group to buy debt-ridden state carrier Olympic Airlines. Development Minister Costis Hadzidakis said the decision was made late Friday following three weeks of negotiations with Marfin, a Greece-based investment holdings company. (Sat, 07 Mar 2009 08:24:43 GMT)

What every parent should know about child’s investment income
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 (Sat, 07 Mar 2009 11:04:55 GMT)

Employees of troubled investment firm laid off
About 1,000 people working around the U.S. for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off by order of the court-appointed receiver in the investment firm's case. (Sat, 07 Mar 2009 15:37:36 GMT)

Employees of troubled investment firm laid off
HOUSTON (AP) - About 1,000 people working around the U.S. for the troubled Stanford Financial Group founded by Texas billionaire R. Allen Stanford were laid off by order of the court-appointed receiver in the investment firm's case. "After a review of the circumstances, the receiver concluded that continuing employment for these employees is not in the interest of conserving and preserving ... (Sat, 07 Mar 2009 16:01:49 GMT)

Eastday-China sends another delegation to Europe for investment
Another Chinese delegation of businesses and industry leaders, led by the Ministry of Commerce (MOC), left for four European countries Saturday for investment and economic cooperation, the MOC said. (Sun, 08 Mar 2009 02:33:51 GMT)

Investment clubs down along with the market
(By Carol Frey, (Raleigh) News & Observer) Investment clubs across the country stayed in the stock market through the economic slump of the early '90s. They've been through the tech boom and the dot-com bust. They've seen Wall Street rebound from a terrorist attack, only to see its risky mortgage plays bring the economy to its knees. “We were shocked when the banks started to collapse,” says ... (Sun, 08 Mar 2009 05:07:43 GMT)

PM: 2009 is 'investment year'
Prime Minister Abhisit, appearing on "Confidence in Thailand with Prime Minister Abhisit" television talk show on Sunday, said this year is the year of investment, and the government will help promote businesses that would do well in the current economic crisis. (Sun, 08 Mar 2009 05:16:12 GMT)

Wind turbine maker Vestas increases China investment by $90 mln
Vestas, the world's largest wind power equipment manufacturer by market share, Saturday announced it had increased investment in its China subsidiary for a fifth time in a bid to tap growing business opportunities. The Danish company invested another 90 million U.S. dollars, increasing the total investment in Vestas Wind Technology (China) Ltd. to 363 million U.S. dollars. The wholly-funded ... (Sun, 08 Mar 2009 06:31:42 GMT)

Egypt port investment to hit EGP50bn
Egypt port investment has totalled EGP20bn so far and will grow to EGP50bn as the government aims to boost capacity to eight million containers by 2010. The country's Transport Ministry said that the aim was to compete with Dubai, Rotterdam and New York. (Sun, 08 Mar 2009 07:01:08 GMT)

China seeks increased two-way investment with India
China has favoured increased two-way investment with India to check the impact of the downturn. (Sun, 08 Mar 2009 07:05:48 GMT)

China seeks increased two-way investment with India
Facing a slide in economic growth due to the global financial crisis, China has favoured increased two-way investment with India to check the impact of the downturn. (Sun, 08 Mar 2009 07:19:07 GMT)

Baniyas Investment and Development signs up Wanasa, Grand Cinema for Community Mall in Baniyas
Baniyas Investment and Development Company (BID) – the investment arm of Bani Yas Sports Club – has signed up two dynamic entertainment entities – WANASA Family Entertainment Center and Grand Cinemas for its community mall at Bawabat Al Sharq in Baniyas, Abu Dhabi. (Sun, 08 Mar 2009 07:24:35 GMT)

What every parent should know about child’s investment income
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 (Sun, 08 Mar 2009 08:49:38 GMT)

Baniyas Investment and Development signs up Wanasa, Grand Cinema for Community Mall in Baniyas
Baniyas Investment and Development Company (BID) – the investment arm of Bani Yas Sports Club – has signed up two dynamic entertainment entities – WANASA Family Entertainment Center and Grand Cinemas for its community mall at Bawabat Al Sharq in Baniyas, Abu Dhabi. (Sun, 08 Mar 2009 11:54:55 GMT)

What every parent should know about child’s investment income
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 (Sun, 08 Mar 2009 12:26:21 GMT)

(AFX UK Focus) 2009-03-08 11:57 TABLE-Israel foreign direct investment $392 mln in Jan
March 8 (Reuters) - Foreigners made $392 million of direct investment into Israel through local banks in January, after pumping in $590 million in December and $348 million in November, the Bank of Israel said on Sunday. (Sun, 08 Mar 2009 12:34:01 GMT)

$60b investment in 2008 for logistics industry in Middle East
$60b investment in 2008 for logistics industry in Middle East (Sun, 08 Mar 2009 15:26:57 GMT)

Bangkok Post : Thai Summit cuts investment
Thai Summit Group, the country's largest auto parts maker, has reduced its investment from 2.7 billion baht last year to 800 million this year to play it safe amid the economic storm. (Mon, 09 Mar 2009 00:08:51 GMT)

Eastday-China sends another delegation to Europe for investment
Another Chinese delegation of businesses and industry leaders, led by the Ministry of Commerce (MOC), left for four European countries Saturday for investment and economic cooperation, the MOC said. (Mon, 09 Mar 2009 02:48:47 GMT)

Standard Bank partners with Russian investment bank
Standard Bank is entering into a strategic partnership with Troika Dialog Group Limited, the most established and largest independent investment bank in Russia, in terms of which Standard Bank intends (Mon, 09 Mar 2009 03:49:13 GMT)

Qatar govt to buy investment shares from banks
DUBAI, March 9 (Reuters) - The government of Qatar will purchase listed shares within investment portfolios of local banks in a move to support the financial sector, according to a statement on the Doha bourse website on Monday. (Mon, 09 Mar 2009 06:34:10 GMT)

Four Saudi investment funds mooted
A Shura Council member has proposed that four new funds be created by the Saudi government for investment in power projects, hospitals, hospitality and education. The proposed funds would have a combined capital of SR80bn. (Mon, 09 Mar 2009 07:15:18 GMT)

What every parent should know about child’s investment income
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 (Mon, 09 Mar 2009 07:42:07 GMT)

EXIM Thailand Distributes Complementary Issue of “Export and Investment Focus Volume 12”
Export-Import Bank of Thailand (EXIM Thailand) published “Export and Investment Focus Volume 12” for free distribution to the Thai business communities and the general public on the occasion of the Ba (Mon, 09 Mar 2009 08:05:08 GMT)

Bangladesh approves Chevron gas investment plan
DHAKA, March 9 (Reuters) - The state-run Bangladesh Oil, Gas and Mineral Corporation or Petrobangla approved an investment plan of U.S. energy firm Chevron to explore natural gas, a senior official said on Monday. (Mon, 09 Mar 2009 08:23:10 GMT)

(AFX UK Focus) 2009-03-09 08:21 Iceland takes over investment bank Straumur
STOCKHOLM, March 9 (Reuters) - Iceland's financial watchdog said on Monday it had taken over investment bank Straumur Burdaras, the last major Icelandic bank left standing after the country's financial collapse in October. The Icelandic Financial Supervisory Authority said in a statement it had been informed by Straumur that the bank's liquidity position was no longer strong enough to sustain ... (Mon, 09 Mar 2009 08:50:12 GMT)

Saudi Arabia, Britain discuss investment prospects
09 March 2009 RIYADH: Finance Minister Ibrahim Al-Assaf and the special envoy of the British prime minister to the G-20, Mark Malloch-Brown, discussed yesterday international efforts to deal with the global economic crisis and the steps taken by the Kingdom to help in easing the crisis, particularly by boosting domestic state investment through measures such as participating in the G-20 meeting. (Mon, 09 Mar 2009 08:51:01 GMT)

Iceland closes Straumur Burdaras investment bank
The Icelandic investment bank Straumur Burdaras, owned by a prominent businessman, said Monday the country's Financial Supervisory Authority was shutting it down due to liquidity problems. (Mon, 09 Mar 2009 11:03:14 GMT)

NTU wins CFA Institute Asia-Pacific Regional Investment Research Challenge
SINGAPORE: Singapore's Nanyang Technological University (NTU) has won the CFA Institute Asia-Pacific Regional Investment Research Challenge. NTU will now advance to the third annual Global Investment Research Challenge (GIRC) to be held in London on April 2. (Mon, 09 Mar 2009 11:52:16 GMT)

Kuwaiti investment group indicate willingness to work with Liverpool's Hicks
A Kuwaiti investment group say they're planning to meet with Liverpool co-owner Tom Hicks in two weeks over investment. read more (Mon, 09 Mar 2009 12:03:47 GMT)

Iceland closes Straumur Burdaras investment bank
Investment bank Straumur Burdaras, the last of Iceland's big banks left independent after the state seized control of three others in 2008, said Monday it had been shut down due to liquidity problems. (Mon, 09 Mar 2009 12:45:00 GMT)

Decison Support Tools supplement investment management.
Use of Barra Optimizer as optional component in ClariFI's ModelStation provides joint clients with turnkey access to Barra's optimization techniques and ClariFI's suite of investment management applications. This eliminates need to manually move data between these 2 products, affording portfolio managers flexibility to research, test, and implement new investment strategies. Users can access ... (Mon, 09 Mar 2009 12:57:04 GMT)

EU's investment bank to cap loans to car industry
The European Investment Bank said Monday it is unlikely to lend more than euro7 billion to Europe's ailing carmakers, despite increased pressure by auto companies. (Mon, 09 Mar 2009 12:58:56 GMT)

NTU wins CFA Institute regional investment research challenge
SINGAPORE: Singapore’s Nanyang Technological University (NTU) has won the CFA Institute Asia—Pacific Regional Investment Research Challenge. (Mon, 09 Mar 2009 14:26:55 GMT)

Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $.49 or .6 percent, to $75.16. Morgan Stanley rose $.08 or .5 percent, to $17.26. (Mon, 09 Mar 2009 14:50:52 GMT)

Bangladesh Approves Chevron Gas Investment Plan
The state-run Bangladesh Oil, Gas and Mineral Corporation or Petrobangla approved an investment plan of U.S. energy firm Chevron to explore natural gas, a senior official said on Monday. (Mon, 09 Mar 2009 16:10:29 GMT)

US accuses RI investment adviser of fraud
Federal investigators have accused a Newport-based investment adviser of inventing clients to make her firm appear larger than it was and lying about investment returns. (Mon, 09 Mar 2009 18:59:08 GMT)

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