Investment News 06/2009 (Page 4)

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June 9 (Bloomberg) -- Kenneth Hackel , head of fixed-income strategy at RBS Securities Inc. in Greenwich, Connecticut, advised clients to “exit” investment-grade corporate bonds and add agency mortgage-backed securities. (Jun 9, 2009)

June 9 (Bloomberg) -- Porsche SE , strained by debt from accumulating a majority stake in Volkswagen AG, said it’s in exclusive negotiations with Qatar about a potential investment in the German sports-car maker. (Jun 9, 2009)

June 9 (Bloomberg) -- Swiss officials are in “detailed talks” about the state’s investment in UBS AG , as they weigh swapping 6 billion francs ($5.5 billion) in convertible notes for more than 9 percent of the bank. (Jun 9, 2009)

June 9 (Bloomberg) -- Bank of America Corp., the biggest U.S. bank by assets, will name Fares Noujaim as vice chairman of global corporate and investment banking, according to a person familiar with the matter. (Jun 9, 2009)

June 9 (Bloomberg) -- Wells Fargo & Co. , which opposed the U.S. Treasury’s $25 billion investment in October, hasn’t applied to repay the Troubled Asset Relief Program funds as it concentrates on absorbing Wachovia Corp. (Jun 9, 2009)

Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs rose $.96 or .6 percent, to $149.31. (Jun 9, 2009)

Bank of America appears set to name the head of its Merrill Lynch Middle Eastern banking business, Fares Noujaim, to be its vice chairman of global corporate and investment banking, according to people familiar with the bank’s plans. (Jun 9, 2009)

A key indicator of Japanese corporate capital investment slips far more than expected, while an index of wholesale prices shows a deeper-than-expected drop, suggesting pressures remain on the world’s second-largest economy. (Jun 10, 2009)

SmartCity has received the Best Investment Award in Europe for its USD 300 million investment for the development of SmartCity Malta. The award was presented during the World Investment Conference held at La Baule, France this week. (Jun 10, 2009)

June 10 (Bloomberg) -- Gold may be the best investment over the next three years as government stimulus packages boost the supply of money, hurting the dollar and fanning inflation, according to Victor Sperandeo of Alpha Technologies LLC. (Jun 10, 2009)

NBK Capital has been recognized by preeminent international finance magazine 'Euromoney' as the Best Investment Bank in Kuwait in the Euromoney Awards for Excellence 2009. (Jun 10, 2009)

June 10 (Bloomberg) -- China’s property sales surged and investment accelerated, adding to signs that growth in the world’s third-largest economy is recovering. (Jun 10, 2009)

Porsche is in exclusive talks with a Qatar state investment fund looking to take a stake in the German sports carmaker, a spokesman confirmed Wednesday. (Jun 10, 2009)

SHAH ALAM, June 10 (Bernama) -- The growing global opportunities in halal foods and products has encouraged the Nestle Group to boost its investment in halal manufacturing and capacity building. (Jun 10, 2009)

BANGKOK -(Dow Jones)- Thailand's Board of Investment Wednesday approved tax incentives to promote automobile production in Thailand. (Jun 10, 2009)

BANGKOK -(Dow Jones)- Thailand's Board of Investment agreed to remove a limit on corporate tax benefits for companies granted investment incentives if they list on the Stock Exchange of Thailand and the Market for Alternative Investment. (Jun 10, 2009)

-(Dow Jones)- Thailand's Board of Investment agreed to remove a limit on corporate tax benefits for companies granted investment incentives if they list on the Stock Exchange of Thailand and the Mar... (Jun 10, 2009)

(AP:NEW YORK) Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.41 or .9 percent, to $147.90. Morgan Stanley fell $.73 or 2.4 percent, to $30.25. (Jun 10, 2009)

Shanghai, June 10, 2009: (Gasgoo.com) At the shareholder meeting on June 9, Shanghai Automotive Industry Corp (SAIC, 600104.sh) passed its resolution to establish the Chinese auto giant's investment company in Hong Kong, the 21st Century Business Herald reported. (Jun 10, 2009)

June 10 (Bloomberg) -- Quincy Krosby , the chief investment strategist at Hartford Financial Services Group Inc., stepped down after a series of departures from the insurance company. (Jun 11, 2009)

The increase in urban fixed-asset investment for the first five months of the year compared with a 30.5 percent gain through April and the 31 percent median estimate of 16 economists surveyed by Bloomberg News. The statistics bureau released the figure today. (Jun 11, 2009)

China's investment in fixed assets surged 32.9 percent in the first five months of the year from the year-earlier period as the government spent heavily on a stimulus plan, a state news agency reported Thursday. (Jun 11, 2009)

Urban fixed-asset investment climbed 32.9 percent in the five months to the end of May from a year earlier, the statistics bureau said today in Beijing. Overseas shipments declined 26.4 percent last month from a year earlier, the customs bureau said. (Jun 11, 2009)

June 11 (Bloomberg) -- Hong Kong’s Hang Seng Index rose as surging fixed-asset investment in China drove financial stocks higher, offsetting declines by property developers. (Jun 11, 2009)

June 11 (Bloomberg) -- Gold climbed as crude oil advanced for a third day and the dollar declined, increasing the appeal of the precious metal as an alternative investment. Silver also gained. (Jun 11, 2009)

Chinese investment surged in May, adding to hopes the world's third-largest economy may lead a recovery, but confirmation of a record slump in Japan's first-quarter GDP reinforced expectations its rebound from recession will be slow. (Jun 11, 2009)

BEIJING/TOKYO (Reuters) - Chinese investment surged in May, adding to hopes the world's third-largest economy may lead a recovery, but confirmation of a record slump in Japan's first-quarter GDP reinforced expectations its rebound from recession will be slow. (Jun 11, 2009)

* China investment leaps, up 40 pct in May from last year (Jun 11, 2009)

June 11 (Bloomberg) -- Petroleo Brasileiro SA had its debt rating cut to the lowest investment grade level by Standard & Poor’s, which said Brazil’s state-controlled oil company may need partners to help finance its investment plan. (Jun 11, 2009)

June 11 (Bloomberg) -- Asian stocks advanced for a second day, led by mining and energy companies, as rising fixed-asset investment in China boosted confidence the global economy is recovering. (Jun 11, 2009)

Chinese investment surged in May, fanning hopes the world's third-largest economy may lead a global recovery, although a record slump in Japan's first quarter GDP reinforced expectations any rebound would be slow. (Jun 11, 2009)

China's investment surged in May as the government poured money into its economic stimulus, helping to offset an unexpectedly sharp drop in trade, and economists said the world's third-largest economy was improving. (Jun 11, 2009)

China's investment surged in May as the government poured money into its economic stimulus, helping to offset an unexpectedly sharp drop in trade, and economists said the world's third-largest economy was improving. Spending on factories and other fixed... Sponsored Topics: China - Economy - Asia - Fiscal policy - Business (Jun 11, 2009)

Morgan Stanley said Thursday that Henry McVey, its former chief U.S. investment strategist, will return to the bank later this month to head the asset-allocation business. (Jun 11, 2009)

The International Monetary Fund has revised its 2010 growth forecast sharply upwards, a source said on Thursday, and surging Chinese investment in May fueled hopes of a global recovery. (Jun 11, 2009)

June 11 (Bloomberg) -- Petroleo Brasileiro SA had its debt rating cut to the lowest investment grade level by Standard & Poor’s, which said Brazil’s state-controlled oil company may need partners to help finance its investment plan. (Jun 11, 2009)

MUMBAI -(Dow Jones)- HSBC Asset Management (India) Private Ltd. said Thursday it has appointed Tushar Pradhan as chief investment officer of HSBC Mutual Fund. (Jun 11, 2009)

June 11 (Bloomberg) -- Alberta Investment Management Corp., Canada’s fifth-biggest pension fund manager, plans to spend about C$1 billion ($910 million) in the next year on private- equity investments as stocks rebound, Chief Executive Officer Leo de Bever said. (Jun 11, 2009)

Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $1.53 or 1.0 percent, to $145.15. (Jun 11, 2009)

Convertible bonds that punished hedge funds in 2008 are driving returns at Citadel Investment Group LLC and other investment firms. (Jun 12, 2009)

HSBC is implementing new measures at its branches to segregate its general banking service areas from investment service areas in line with new investor protection recommendations from the Hong Kong M (Jun 12, 2009)

A new fund established to invest in the securities has $34.7 million in capital and should grow in size to about $100 million within 12 months, Patrick Yeo , head of fixed income at the investment company, owned by Singapore sovereign wealth fund Temasek Holdings Pte , said in an interview yesterday. (Jun 12, 2009)

June 12 (Bloomberg) -- Hedge funds and other large investors are leading a surge of commodities investment that may continue to grow as optimism increases that the worst global recession since World War II is easing, Barclays Plc said. (Jun 12, 2009)

Shares in Barclays PLC opened lower in London Friday following the announcement that it had sold its Global Investment unit to U.S. fund manager BlackRock Inc. for $13.5 billion. (Jun 12, 2009)

Morgan Stanley ’s head of Asia Pacific investment banking, Matthew Ginsburg, has resigned, a spokesman confirmed on Friday. (Jun 12, 2009)

Shares in Barclays PLC fell in London Friday following the announcement that it had sold its Global Investment unit to U.S. fund manager BlackRock Inc. for $13.5 billion. Analysts said the deal announced Thursday was a necessity for Barclays, but the market... Sponsored Topics: BlackRock - Barclays - Business - Barclays Global Investors - Investment management (Jun 12, 2009)

June 12 (Bloomberg) -- Hedge funds and other large investors are leading a surge of commodities investment that may continue to grow as optimism increases that the worst global recession since World War II is easing, Barclays Plc said. (Jun 12, 2009)

Zimbabwe's political and business leaders made an impassioned appeal for an end to sanctions and more international investment Friday, hours ahead of a meeting between Prime Minister Morgan Tsvangirai and President Barack Obama. (Jun 12, 2009)

Barclays' sale of its investment arm to US asset manager BlackRock for 13.5 billion dollars (8.2 billion pounds) marks the bank's latest bid to shore up its finances without government help. (Jun 12, 2009)

The investment trust industry has been thrown a lifeline by officials in Brussels, who have said it is unlikely that stringent new regulation will be applied to investment trust companies. (Jun 12, 2009)

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