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Investment News 04/2009



Premier welcomes Chinese investment in FMG (The West Australian)
Premier Colin Barnett has welcomed China’s substantial stake in Fortescue Metals Group, saying Australia needs to encourage Chinese investment in its mining and resources sector. Mr Barnett said he b
Investment firm Ramius increases Harmar-based Tollgrade stake (Pittsburgh Tribune-Review)
Global investment firm Ramius Capital LLC now owns 14.4 percent of Tollgrade Communications Inc. stock, a securities filing this week indicates.
Scottish Telecom Firm Lands GBP1.25m Investment to Fuel International Growth (ITNews)
LIVINGSTON, Scotland, April 1 /PRNewswire/ -- Edinburgh based telecoms company, CIQUAL has secured investment of GBP1.25m to accelerate product development and sales to the global marketplace.
State premier supports Chinese investment in Australia (People's Daily)
West Australian Premier Colin Barnett has welcomed China's substantial stake in Fortescue Metals Group (FMG), and said on Wednesday Australia needs to encourage Chinese investment in its mining and resources sector. "The important thing is that we retain Australian control of the companies and the projects on our terms, and I think 17 percent does not conflict with that," Barnett told reporters. ...
Global Investment to Post Results After Central Bank Approval (Bloomberg)
April 1 (Bloomberg) -- Global Investment House KSCC, Kuwait’s biggest investment bank whose shares were halted from trading because of non-disclosure of full-year earnings, said it will release the results after approval from the central bank.
Investment bank cuts 20% of its brokers (Toronto Star)
Investment bank Canaccord Capital will slash 20 per cent of its brokers in Canada, its second staff reduction in five months, a spokesperson for the company said yesterday.
Canaccord Capital cuts investment advisers by 75 (Kitchener - Waterloo Record)
(Apr 1, 2009) -- Canaccord Capital Inc. says it expects to reduce annual costs by $15 million with its latest efficiency drive, which will reduce the number of investment advisers across the country by 75. The Vancouver-based investment dealer said yesterday it would provide bridge financing for the remaining investment advisers who take on additional clients.
Public agencies slow in disbursing investment budgets (The Nation - Thailand's English news)
State Railway of Thailand, Pattaya Municipality, Mass Rapid Transit Authority of Thailand, Bangkok Metropolitan Administration and the Corrections Department are the top five public agencies and state enterprises with the lowest disbursement of investment budgets in the 2009 fiscal year.
Russia clears Total Kharyaga 2009 investment plan (Reuters via Yahoo! Malaysia News)
MOSCOW, April 1 (Reuters) - Russia has cleared French oil major Total's investment plan for Russia's northern Kharyaga field for 2009 at $403.7 million, the energy ministry said on Wednesday.
Fortress Investment skips dividend payment (AP via Yahoo! Finance)
Alternative asset manager Fortress Investment Group LLC said Wednesday it will not pay out a quarterly dividend for the first quarter.
Rio Tinto cites German OK for Chinese investment (AP via Yahoo! Finance)
Mining company Rio Tinto Group said Wednesday that German regulators have approved the proposed $19.5 billion investment by China's state-owned Chinalco, a deal that still must clear regulatory hurdles in several other countries.
Call for calm on Chinese investment (The Age)
Fortescue Metals director Graeme Rowley has sought to placate fears regarding Chinese investment in Australia, saying the Federal Government has shown it will judge any foreign investment on merit.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $2.01 or 1.9 percent, to $108.03. Morgan Stanley rose $.72 or 3.2 percent, to $23.49.
Investment firm charged in Madoff case (CNN Money)
The State of Massachusetts' securities division on Wednesday charged investment firm Fairfield Greenwich with fraudulently representing its dealings with convicted Ponzi mastermind Bernard Madoff.
Equity investment (the Engineer)
Private-equity investment in the UK reached just £2bn in the first quarter of 2009, according to the Centre for Management Buy-out Research at Nottingham University, with two thirds of this total from just one deal.
Canadian stocks undervalued, investment managers say (Investment Executive)
Even as equity markets have yet to produce a sustained rally in the first few months of 2009, Canadian investment managers have become increasingly bullish.
Funding HIV/AIDS, TB, Malaria 'Smart Investment,' U.N. Secretary General Ban Says (Medical News Today)
Funding programs aimed at fighting HIV/AIDS, tuberculosis and malaria is a "smart investment," United Nations Secretary General Ban Ki-moon said Monday in a video message to a meeting in Cacares, Spain, to call on donors to fund United Nations-supported efforts against the three diseases, Xinhuanet reports.
Canadian Imperial Drops ‘World Markets’ From Investment Bank (Bloomberg)
April 1 (Bloomberg) -- Canadian Imperial Bank of Commerce said it dropped “World Markets” from the name of its investment-banking business. The unit of the Toronto-based company will be called CIBC, according to an internal memo. The firm will retain CIBC World Markets Inc. as its legal name.
Elpida May Receive Investment From Taiwan Memory, Nikkei Says (Bloomberg)
April 2 (Bloomberg) -- Elpida Memory Inc. may receive investment from Taiwan Memory Inc. the Nikkei newspaper said, citing an interview with Elpida President Yukio Sakamoto .
Rio boss backs calls for greater Chinese investment (The West Australian)
Rio Tinto has backed calls for greater Chinese investment in Australian mining companies, likening their involvement to Japan's influence in the 1980s. Rio Tinto iron ore division chief executive Sam
Rio backs calls for Chinese investment (Adelaide Now)
RIO Tinto has backed calls for greater Chinese investment in Australian mining companies, likening their involvement to Japan's influence in the 1980s.
Live Chat: Golden investment tips (rediff.com)
Are you always at a loss while planning your finances? Are you aware of the investment options available in the market? How best can you plan your finances?
Thailand opens new investment promotion office in China (People's Daily)
Thailand's Board of Investment (BOI) opened on Thursday a new overseas office in Beijing, China to woo more Chinese investments in Thailand, senior official said in a press release on Thursday. The new office in Beijing is the BOI's second office in China after the first one in Shanghai, the BOI press release said, adding that the BOI plans to open the third office in Guangzhou by the third ...
Bayan Investment announces financial results (AME Info)
Bayan Investment Company announced its annual financial results for the year ended 31 December 2008, which showed net profits of KD11.2m and earning per share valued at 30 Fils, compared to the performance of the last year as the company posted a net profit of KD7.5m with 20 Fils earning per share, realizing an increase of KD3.7m at a growth rate of 49.3%.
Total Warns Investment Target May Be Hit by Project Delays (Bloomberg)
April 2 (Bloomberg) -- Total SA , Europe’s third-largest oil company, warned that possible project delays may result in lower-than-planned investment spending this year.
Thailand opens new investment promotion office in China (Thailandnews.net)
Thailand's Board of Investment (BOI) opened on Thursday a new overseas office in Beijing, China to woo more Chinese investments in Thailand, senior official said in a press release on Thursday. The ne...
Total Warns Investment May Be Hit by Project Delays (Update2) (Bloomberg)
April 2 (Bloomberg) -- Total SA , Europe’s third-largest oil company, warned that possible project delays may result in lower-than-planned investment spending this year.
Global Renewable-Energy Investment Drops 53% in First Quarter (Bloomberg)
New investment in so-called clean energy dropped to $13.3 billion in the period from $28.3 billion a year earlier, the London-based research company said today in an e-mailed statement.
BG Group to Maintain Investment, Dividend Payouts, Wilson Says (Bloomberg)
April 2 (Bloomberg) -- BG Group Plc , the U.K.’s third- largest natural-gas producer, will maintain investment and dividend payouts following the recent decline in oil and gas prices, Chairman Robert Wilson said.
Clean tech investment drops in first quarter: surveys (Reuters via Yahoo! UK & Ireland News)
Worldwide investment in clean technology suffered a steep decline in the first quarter of 2009 as the difficulty of pushing through initial public offerings (IPOs) of start-ups across many sectors hit record lows, three surveys showed on Wednesday.
MINING FINANCE / INVESTMENT (Mineweb)
What's happened to "Great Depression II?" If you got stoned, you may have missed it, along with some of the best investment opportunities seen in the past 60 years.
Repo market vulnerable, investment industry tells Ottawa (National Post)
Pockets of “illiquidity” in the financial system could disrupt markets, and “vigilant” monitoring by authorities and possible intervention plans are required, Ian Russell, president of the Investment Industry Association of Canada, warned a federal standing committee on finance Thursday morning.
Recession-hit India to tap Kuwait for investment (Calcutta News)
With the global economic recession deepening, India will tap Kuwait for investment funds in the country's burgeoning infrastructure sector and sign two pacts when Vice President Hamid Ansari goes to the oil-rich Gulf emirate on a three-day visit Monday.
Power-price wrangle blamed on poor investment planning (Vietnam Net)
VietNamNet Bridge – Poor investment planning for the Son Dong electricity plant has led to major headaches for Government officials as State firms wrangle over electricity prices from the plant in the northern province of Bac Giang.
Report: Global clean-energy investment falls 53% (AP via Yahoo! Finance)
New global investment in renewable-energy projects fell 53 percent in the first quarter, an indication money from government stimulus packages has been slow to reach the industry, a report concluded Thursday.
BG Group to Maintain Investment, Dividend Payouts, Wilson Says (Bloomberg)
April 2 (Bloomberg) -- BG Group Plc , the U.K.’s third- largest natural-gas producer, will maintain investment and dividend payouts following the recent decline in oil and gas prices, Chairman Robert Wilson said.
Investment Options for the Latter Retirement Years (BusinessWeek)
The financial crisis has put front and center people's fears of running out of money in retirement. According to a recent consumer retirement study by McKinsey, 61% of defined-contribution participants said they were interested in an investment option that provides guaranteed income in retirement.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs rose $3.93 or 3.6 percent, to $114.22.
Towngas China Sells Panva LPG Investment for HK$414 Million (Bloomberg)
April 3 (Bloomberg) -- Towngas China Co. , a unit of Hong Kong’s oldest utility, will sell Panva LPG Investment Holding Ltd. for HK$414 million ($53 million), the company said in a statement to the Hong Kong stock exchange yesterday.
Freeport Says Mines Unlikely to Ramp Up Investment After Rally (Bloomberg)
April 3 (Bloomberg) -- Freeport-McMoRan Copper & Gold Inc ., which lowered production targets last year as the price of copper tumbled, said a rally fueled by Chinese purchases is unlikely to elicit a surge in investment.
Highmark investment, net incomes drop (Pittsburgh Post-Gazette)
Pittsburgh's largest health insurer, Highmark Inc., continued to grow in 2008, but also faced the pressures of a declining U.S. economy, registering big drops in investment income and net income, according to financial details released by the company yesterday.
CIBC drops 'World Markets' from investment bank (National Post)
Canadian Imperial Bank of Commerce said it dropped “World Markets” from the name of its investment-banking business.
Banks, investment firms borrow less from Fed (Washington Post)
WASHINGTON -- Commercial banks and investment firms borrowed less over the past week from the Federal Reserve's emergency lending program, a hopeful sign that some credit stresses are easing a bit.
Investment industry warns Ottawa on repo market (National Post)
Pockets of "illiquidity” in the financial system could disrupt markets, and "vigilant” monitoring by authorities and possible intervention plans are required, Ian Russell, president of the Investment Industry Association of Canada, warned a federal standing committee on finance Thursday morning.
Colo. pension investment managers to keep bonuses (AP via Yahoo! Finance)
The director of Colorado's largest state pension plan rejected lawmakers' suggestions Thursday that he return $1.2 million in bonuses paid to investment managers over the past two years.
Australian firms should not be anxious over Chinese investment: Chinese Ambassador (People's Daily)
Chinese ambassador to Australia Zhang Junsai said here on Friday that Australian firms should not be worried about Chinese investment in the country as they only seek mutual benefits. Upon debates these days for or against investment by Chinese companies, Zhang told Xinhua that "the anxiety stems from two arguments: that Chinese enterprises are state-owned, and that they will subsequently ...
Investment industry warns Ottawa on repo market (National Post)
Pockets of "illiquidity” in the financial system could disrupt markets, and "vigilant” monitoring by authorities and possible intervention plans are required, Ian Russell, president of the Investment Industry Association of Canada, warned a federal standing committee on finance Thursday morning.
Polaroid Sold at Auction to Investment Firm Patriarch Partners (Bloomberg)
April 3 (Bloomberg) -- Polaroid Corp. , the bankrupt pioneer of instant photography, was sold in an auction to Patriarch Partners LLC, a New York-based private-equity firm that beat out a $42 million offer by a European investment company.
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 $.80 or .7 percent, to $113.42. Morgan Stanley fell $.66 or 2.9 percent, to $22.45.
Govt to set up committee to regulate investment advice (Business Standard India)
Considering the importance of investor awareness and protection, more so after the global crisis, the government has decided to set up a committee to examine the issue of regulating investment advice.