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Investment News 05/2009



Gold Extends Decline as Equity Rally Reduces Investment Appeal (Bloomberg)
May 1 (Bloomberg) -- Gold fell for a second day as rising equity markets added to signs of improvement in the world economy and reduced the investment appeal of the metal.
U.K. studies spliting investment, retail banking (Market Watch)
LONDON (MarketWatch) -- U.K.'s Treasury Committee on Friday released a report in which it said the potential separation of retail banking operations from investment banking functions is an issue that requires further debate. The committee referred to comments made by Mervyn King, the Governor of the Bank of England, that he views a separation of retail from investment banking functions as "very ...
Australia Investment Bank Posts Profit Decline (New York Times)
Australia?s biggest investment bank, Macquarie Group, posted a 52 percent drop in its annual net profits.
First Western investment adviser acquires L.A. firm (Denver Post)
First Western Financial's wholly owned investment adviser announced Thursday that it has acquired the investment-advisory business of GKM Advisers LLC, a Los Angeles-based investment-management firm.
Jap investment high on WA plans (BigPond News)
WA hopes to strengthen its trade and investment relationship with Japan on the back of future mining and industrial projects.
Australian Investment Bank Posts Profit Decline (New York Times)
Australia’s largest investment bank, Macquarie Group , posted its first fall in annual profit in 17 years, citing billions of dollars in losses stemming from the global slowdown. The bank also said it was considering plans to raise more capital.
Apartment Investment Posts First-quarter Loss (Fox News)
Apartment Investment Posts First-quarter Loss
Investment-Grade Bond Sales Fall in April by Most in Five Years (Bloomberg)
May 1 (Bloomberg) -- Investment-grade corporate bond sales fell last month by the most in five years, interrupting a record pace of offerings, as borrowers that had caught up on refinancing paused before a rush in May.
Citadel expands into investment banking (Chicago Tribune)
Citadel Investment Group is preparing to expand into investment banking as the Chicago-based hedge fund tries to rebound from last year's massive losses.
Citadel Group Enters Investment Banking (TheStreet.com)
Citadel Group, the giant Chicago-based hedge fund, announced the launch of its investment banking division Friday.
Citadel: Now an Investment Bank, Too (New York Times)
Two years ago, The New York Times’ Jenny Anderson wrote that Citadel Investment Group “has elements of an investment bank disguised as a hedge fund, minus the investment bankers.”
Deutsche Bank Hires Another Merrill Investment-Banking Veteran (Bloomberg)
May 1 (Bloomberg) -- Deutsche Bank AG hired Paul Wetzel from Bank of America Corp. , the latest Merrill Lynch & Co. veteran investment banker to be lured away since its takeover by the Charlotte, North Carolina-based lender.
Ex-Stanford investment exec denies fraud (Reuters via Yahoo! News)
Stanford Financial Group's former chief investment officer formally denied civil fraud charges related to an alleged $8 billion scheme, according to a late court filing on Thursday.
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 fell $1.42 or 1.1 percent, to $127.08.
Attracting foreign direct investment in agriculture (Vietnam Net)
VietNamNet Bridge - Nguyen Thi Bich Van, the vice director of the Foreign Investment Agency of the Ministry of Planning and Investment stated that this year the ministry will focus on attracting foreign direct investment in agriculture. Why the sudden push in this direction?
Sumitomo Mitsui Financial Group reportedly plans to buy Citigroup`s Japanese broker and key investment banking units ... (India Infoline)
Sumitomo Mitsui Financial Group reportedly plans to buy Citigroup's Japanese broker and key investment banking units for US$5.9bn and also plans to form a financial services powerhouse through an alliance with Daiwa Securities Group.
Global-Jordan Is the financial advisor and lead manager for the Dead Sea Touristic and Real Estate Investment Co (AME Info)
Global Investment House - Jordan (Global - Jordan) announced the signing of a financial advisor mandate with the Dead Sea Touristic & Real Estate Investment Company (DSC).
Investment norms for New Pension Scheme finalised (Business Standard India)
Paving the way for the New Pension Scheme (NPS) from this Friday, the Pension Fund Regulatory and Development Authority (PFRDA) On Wednesday announced investment guidelines for contributory plans.
The fifth Arabian Hotel Investment Conference opens today (AME Info)
The fifth Arabian Hotel Investment Conference (AHIC) opens today under the patronage of His Highness Shaikh Ahmed bin Saeed Al Maktoum, President, Dubai's Department of Civil Aviation and Chairman & CEO, Emirates Group.
Buffett Calls Investment Candidates’ 2008 Performance Subpar (Bloomberg)
May 2 (Bloomberg) -- Billionaire Warren Buffett said all of the candidates to replace him as chief investment officer of Berkshire Hathaway Inc. failed to beat the 38 percent decline of the Standard & Poor’s 500 Index last year.
Asphalt Shingles -- Are They The Best Investment For Your Home? (Today's News-Herald)
(ARA) - During this time of economic uncertainty, you may be hesitant to invest money in your home. It is important to remember, though, that your home is a valuable asset. In order to maintain your investment, home maintenance or repair projects are essential.
Foundation to host 11th annual Investment in Youth (Osseo-Maple Grove Press)
District 279 Foundation has announced the upcoming An Investment in Youth event. The event will take place starting at 4:15 p.m. with the awards ceremony beginning at 6 p.m. Sunday, May 3 at Park Center Senior High School.
Remodel Your Kitchen for a Great Return on Investment (Carteret County News-Times)
(ARA) - Remodeling a current home instead of buying a new one is a popular decision among homeowners in today's economy and housing market. It's also a wise choice, for when the time comes to sell, the return on investment for many remodeling projects is significant, especially in the kitchen.
Cash squeeze for Kuwaiti investment companies, Booz and Company announces (AME Info)
Kuwaiti investment companies have been hurt much by the global economic downturn - with fragmented portfolios and a sub-optimal capital structure when cash is limited, found a new report by Booz and Company.
Buffett Calls Investment Candidates’ 2008 Performance Subpar (Bloomberg)
May 3 (Bloomberg) -- Billionaire Warren Buffett said all four candidates to replace him as chief investment officer of Berkshire Hathaway Inc. failed to beat the 38 percent decline of the Standard & Poor’s 500 Index last year.
Wind power investment shoots up (Times of Malta)
A projected increase in the capacity of an offshore wind farm at Is-Sikka l-Bajda is why the estimated investment has shot up by more than €150 million.
Company ownership idea seeks to spur investment (Las Vegas Sun)
A proposal to allow institutional investors to own up to 25 percent of a Nevada gaming company without undergoing background checks is aimed at encouraging investment.
No limitations for Iranian investment in Croatia: official (mehrnews.com)
TEHRAN, May 2 (MNA) – Croatia will impose no limitations for the absorption of Iranian investment in the country, said Croatia’s Ambassador to Tehran Esad Prohic in Tehran on Saturday.
Everton boss Moyes: FA Cup final will attract fresh investment (tribalfootball.com)
Everton boss David Moyes says reaching the FA Cup final will improve chairman Bill Kenwright's chances of attracting fresh investment. read more
Taiwan to Allow Chinese Investment in Public Works, Daily Says (Bloomberg)
May 4 (Bloomberg) -- Taiwan plans to issue rules to allow Chinese investment in public construction projects before the end of May, the Economic Daily News reported, citing Fan Liang- shiu , chairman of the Public Construction Commission.
Buffett Calls Investment Candidates’ 2008 Performance Subpar (Bloomberg)
May 3 (Bloomberg) -- Billionaire Warren Buffett said all four candidates to replace him as chief investment officer of Berkshire Hathaway Inc. failed to beat the 38 percent decline of the Standard & Poor’s 500 Index last year.
UBS names new co-CEOs of its investment bank (Thaipr.net)
Jerker Johansson, CEO UBS Investment Bank, has resigned from UBS with immediate effect. UBS has announced the appointment of Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank
Chunghwa Picture May Be China Investment Target, Macquarie Says (Bloomberg)
May 4 (Bloomberg) -- Chunghwa Picture Tubes Ltd. may be the most likely among Taiwan’s liquid-crystal-display makers to attract investment from China as the company has closer ties with the mainland than its peers, Macquarie Group Ltd. said.
China Manufacturing Rebounds on Investment, CLSA Says (Update1) (Bloomberg)
May 4 (Bloomberg) -- Chinese manufacturing expanded for the first time in nine months after investment surged and declines in export orders moderated, according to a survey by CLSA Asia- Pacific Markets.
China Manufacturing Rebounds on Investment, CLSA Says (Update2) (Bloomberg)
May 4 (Bloomberg) -- China’s manufacturing expanded for the first time in nine months after declines in export orders moderated and investment surged because of the government’s stimulus package.
Kuwaiti investment firms feel heat of cash squeeze (MENAFN)
Kuwaiti investment firms feel heat of cash squeeze
VC investment in Israel slumps to five-year low (Globes Online)
First quarter investment was 32% less than in the preceding quarter, according to the latest PwC MoneyTree survey.
My Dumbest Investment (Tulsa World)
The first stock I bought years ago was Merck. It went down for two years, starting the day after my purchase. I sold, losing 34 percent of my investment, and then it went back up and split, and on and on. I bought Philip Morris and sold too soon.
Hampton Roads housing: Values have dropped, but your house was still a good investment (Daily Press)
So your city assessment came in the mail and your home value went down, just like your investment portfolio and retirement fund.
China Manufacturing Rebounds on Investment, CLSA Says (Update2) (Bloomberg)
May 4 (Bloomberg) -- China’s manufacturing expanded for the first time in nine months after declines in export orders moderated and investment surged because of the government’s stimulus package.
China Manufacturing Rebounds as Stimulus Plan Spurs Investment (Bloomberg)
May 4 (Bloomberg) -- China’s manufacturing expanded for the first time in nine months after declines in export orders moderated and investment surged because of the government’s 4 trillion yuan ($586 billion) stimulus package.
UBS, Abu Dhabi Investment Raise $250 Million for MENA Fund (Bloomberg)
May 4 (Bloomberg) -- UBS AG, Switzerland’s largest bank by assets, and Abu Dhabi Investment Co., a government-owned investment fund, received commitments of as much as $250 million for a fund to invest in the transportation and utilities industries in the Middle East and North Africa.
CNA Financial posts 1Q loss on investment charges (AP via Yahoo! Finance)
Insurer CNA Financial Corp. posted a first-quarter loss on Monday due to mounting investment losses and a slowdown in written premiums.
Loews reports 1Q loss investment, property charges (AP via Yahoo! Finance)
Diversified holding company Loews Corp. said Monday it recorded a first-quarter loss because of mounting investment losses in its majority-owned insurance subsidiary and charges tied to gas and oil properties at another unit.
Iraq's Maliki in Paris seeking investment (AFP via Yahoo! News)
Iraqi Prime Minister Nuri al-Maliki and some of his key ministers arrived in France on Monday as they try to drum up European investment for a country seeking recovery after six years of war.
Condos seen as attractive investment opportunity (National Post)
TD Canada Trust said 44% of respondents in a survey of urban Canadians said conditions had improved over the last year with regard to the prospects of buying a condo for investment purposes
Iraq's Maliki in Paris seeking investment (AFP via Yahoo! UK & Ireland News)
Iraqi Prime Minister Nuri al-Maliki met French President Nicolas Sarkozy in Paris on Monday as he tries to drum up European investment for a country seeking recovery after six years of war.
Iraq's Maliki in Paris seeking investment (AFP via Yahoo! News)
Iraqi Prime Minister Nuri al-Maliki met French President Nicolas Sarkozy in Paris on Monday as he tries to drum up European investment for a country seeking recovery after six years of war.
Investment-Grade Bond Sales May Rise 21% in 2009, Moody’s Says (Bloomberg)
May 4 (Bloomberg) -- Sales of investment-grade corporate bonds may grow 21 percent in 2009 as government guarantees and lower borrowing costs encourage companies to issue debt, Moody’s Capital Markets Research Group said.
Investment bank chief eyes purchase of Sun-Times (San Francisco Chronicle)
A Chicago investment banker said Monday he is assembling a group to bid on the bankrupt Sun-Times Media Group. James Tyree, chairman of Mesirow Financial Holdings, said he is reviewing the Chicago-based media company's books, though his financial company...