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Investment News 07/2009



Investment sector of property market improving (RTÉ News)
The mid-year property market update from property consultants CB Richard Ellis says that with substantial value declines now widely accepted, there has been renewed signs of activity in the investment sector of the market. It noted particular interest from international buyers.
Salama links with Emirates Investment Services Ltd to offer Shari'a compliant investment funds (AME Info)
Salama-Islamic Arab Insurance Co. (PSC), one of the region's leading Islamic insurance (Takaful) companies, announced a tie up with Emirates Investment Services Ltd ('EIS') (Regulated by the DFSA) - the asset management arm of the Emirates NBD Group and one of the largest asset management businesses in the region.
Business : Plan For International Islamic Investment And Economic Centre At PKFZ (Bernama)
KUALA LUMPUR, July 1 (Bernama) -- OIC International Business Centre Sdn Bhd is exploring the possibility of acquiring space at the Port Klang Free Zone (PKFZ) to establish an International Islamic Investment and Economic Centre.
Penang to set up investment office in Singapore (Sin Chew Jit Poh)
PENANG: With a view to attracting more Singaporean investors to Penang, the state government will soon set up a Penang investment and tourism office in the island republic.
Irish Property Investment Showing Signs Of Improvement, CB Richard Ellis Says (INO News)
(RTTNews) - While the investment sector of the Irish property market is clearly showing signs of improvement, the occupier and development land sectors of the market continue to find conditions very challenging, property consultants CB Richard Ellis said Wednesday in its mid-year property market update for 2009.
Venture Investment in Green Tech Jumps 43% (Wall Street and Technology)
Venture capital investment in green technology worldwide jumped 43 percent in three months to $1.2 billion in the second quarter, Greentech reported Tuesday.
Commercial Property Investment In London Surges In Q2 - Cushman & Wakefield (INO News)
(RTTNews) - Investment in commercial properties in London rose in the second quarter of this year from the first quarter, a report from the property broker Cushman & Wakefield showed Wednesday.
Italy: UN agency chief calls for investment to aid poor (Adnkronos)
Italy: UN agency chief calls for investment to aid poor (AKI) - The head of a key United Nations agricultural aid agency has called for industrialised countries to do more to urgently tackle the global food crisis ahead of next week's G8 summit in Italy. Kanayo F. Nwanze, president of the International Fund for Agricultural Development, said the number of hungry people in the world had reached ...
Idaho seizes Iraqi dinars from investment scheme (KIVI Boise)
Associated Press - July 1, 2009 10:24 AM ET COEUR D'ALENE, Idaho (AP) - The state of Idaho has seized about $1 million worth of Iraqi dinars used in an investment scheme.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $.56 or .4 percent, to $146.88. Morgan Stanley rose $.05 or .2 percent, to $28.56.
Tracking Investment Cost Basis (WebCPA)
Without fail, every April the mad rush to tie up all of the loose ends on a tax return comes. All of the details are complete to submit the tax returns, except the ever-elusive cost basis on investment sold in the previous year.
Plan for Islamic investment and economic centre at PKFZ (The Edge Daily)
KUALA LUMPUR: OIC International Business Centre Sdn Bhd is exploring the possibility of acquiring space at the Port Klang Free Zone (PKFZ) to establish an International Islamic Investment and Economic Centre.
Fitch lifts Ventas' investment-grade ratings (AP via Yahoo! News)
Fitch Ratings on Wednesday raised the investment-grade ratings of Ventas Inc., citing steps the real estate investment trust has recently taken to shore up its capital position.
Fitch lifts Ventas' investment-grade ratings (San Francisco Chronicle)
Fitch Ratings on Wednesday raised the investment-grade ratings of Ventas Inc., citing steps the real estate investment trust has recently taken to shore up its capital position. The credit ratings agency upgraded its issuer default rating for Ventas and its... Sponsored Topics: Real estate investment trust - Business - Real estate - Investing - Fitch Group
N.Z. Investment Managers More Optimistic on Stocks, Survey Says (Bloomberg)
July 2 (Bloomberg) -- New Zealand investment managers are more optimistic on the nation’s economy and stock market, with most saying local shares remain undervalued, according to a survey by Russell Investment Group Ltd.
Outbound investment unlikely to outstrip FDI (Asia News Network)
Despite a surge in Chinese overseas direct investment (ODI) in recent years, it is unlikely to outpace inbound foreign direct investment (FDI) this year, government officials and experts said yesterday.
Healthcare reforms throughout the GCC set to trigger massive investment (AME Info)
NCB Capital, the investment banking arm of National Commercial Bank, has completed an extensive review of the healthcare sector in the GCC region.
India Econ Survey: improve investment climate to drive growth (Reuters via Yahoo! Asia News)
NEW DELHI, July 2 (Reuters) - India should improve its investment climate to drive growth, the 2008/09 annual Economic Survey by the finance ministry said on Thursday.
Malaysian foreign investment plummets in 2009 (AFP via Yahoo! Asia News)
Foreign investment in Malaysia has plummeted this year, according to Trade Minister Mustapa Mohamed, after the government announced liberalisation measures aimed at luring investors.
Fund to boost investment (Straits Times)
SEOUL - SOUTH Korea will launch a fund worth US$3.94 billion (S$5.7 billion) to boost corporate investment as part of a drive for economic recovery, officials said on Thursday. The five-trillion-won fund was approved by President Lee Myung Bak at his meeting with business leaders and policymakers, the Ministry of Strategy and Finance said. It will be launched by next month.
Map out an investment strategy now (Daily Press)
Should I sell or stay the course? Am I taking too much risk? The answers, financial advisers say, can be found in an investment policy statement.
Malaysian foreign investment plummets in 2009 (Khaleej Times)
KUALA LUMPUR - Foreign investment in Malaysia has plummeted this year, Trade Minister Mustapa Mohamed said Thursday after the government announced liberalisation measures aimed at luring investors.
Kuwait's CBK investment unit restructures (Reuters via Yahoo! Philippines News)
KUWAIT, July 2 (Reuters) - Commercial Bank of Kuwait's (CBK) investment unit, CBK Capital, has started its restructuring and will focus on local investments, the firm said on Thursday.
Gold Falls in London as Stronger Dollar Curbs Investment Demand (Bloomberg)
July 2 (Bloomberg) -- Gold declined in London for a third day this week as a stronger dollar reduced demand for the precious metal as an alternative investment.
Inmarsat Completes Investment in SkyWave Mobile Communications - Advances Position in Satellite Low Data Rate Services ... (redOrbit)
LONDON, July 2 /PRNewswire-FirstCall/ -- Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, has completed its previously announced strategic investment, long term global distribution agreement and new product development agreement with SkyWave Mobile Communications Inc.
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 $1.89 or 1.3 percent, to $145.43. Morgan Stanley fell $.97 or 3.4 percent, to $27.39.
Elan Shares Rise on J&J Investment (TheStreet.com)
Elan announces a $1.5 billion investment by J&J wherein it will take over Elan's Alzheimer's unit and assume an 18.4% stake in the company.
Volvo: Investment in Volvo's Fuel-Cell Technology to Create 100 New Positions (And The U.S. Has Stopped Funding H2 ... (The Auto Channel)
In partnership with international corporations Midroc and OCAS, the Swedish Energy Agency and the Volvo Group are investing SEK 200 M in Volvo’s development of fuel cells. The investment will create around 100 new positions in the Gothenburg region within the next three years.
Wells Fargo Warms to Investment Banking (TheStreet.com)
Wells Fargo is building out its investment banking franchise, rather than selling off or winding down some key Wachovia operations.
Surging Stock Sales Benefit U.S. Investment Banks: Chart of Day (Bloomberg)
July 2 (Bloomberg) -- “Equity underwriting returned in spades” during the second quarter and lifted earnings at U.S. investment banks, according to Chris Kotowski , an analyst at Oppenheimer & Co.
Consultant: Cleantech investment falls in 2Q (AP via Yahoo! Finance)
New global investment in renewable energy projects fell 33 percent in the second quarter, weighed down by the recession and troubled credit markets, a consulting firm reported Thursday.
Indonesia Investment Chief:'09 Investment May Grow 10% Vs 08 (Nasdaq)
JAKARTA -(Dow Jones)- Total investment in Indonesia may grow 10% this year from $17.13 billion in 2008, the government's investment chief said Friday.
European Islamic Investment Bank in talks (ShareCast via Yahoo! UK & Ireland Finance)
European Islamic Investment Bank (EIIB), the Sharia compliant investment bank, responded to the recent surge in its share price and admitted that it had received approaches.
Federal investment helps S.D. wetlands (The Argus Leader)
The Prairie Pothole region, a wide swath of grass and wetlands that includes eastern South Dakota, will benefit from a record investment in the North American Wetlands Conservation Act. The U.S. House of Representatives recently approved more than $52 million for the program, which dates to 1989. Since then, the dollar-for-dollar grant program has helped conserve more than 24 million acres in ...
Iraq Oil Minister May Visit Japan, Discuss Petroleum Investment (Bloomberg)
July 3 (Bloomberg) -- Iraq’s oil minister may visit Tokyo next week and discuss the prospect of Japanese investment as the Middle Eastern nation plans to increase petroleum production.
Government ‘complacent’ about investment trusts (InsideHousing)
The House of Lords economic affairs select committee has published a report into real estate investment trusts, which give tax breaks to corporations that put money into land and property.
Venture-capital investment up 50 percent in Ohio in '08 (The Columbus Dispatch)
Venture-capital investment in Ohio climbed last year, while it declined nationwide.
Iraq Oil Minister May Visit Japan, Discuss Petroleum Investment (Bloomberg)
July 3 (Bloomberg) -- Iraq’s oil minister may visit Tokyo next week and discuss the prospect of Japanese investment as the Middle Eastern nation plans to increase petroleum production.
KOREAN INVESTMENT IN THAILAND REMAINS UPBEAT (Bernama via Yahoo! Malaysia News)
BANGKOK, July 3 (Bernama) -- Despite being affected by the global economic crisis, South Korean investment in Thailand remains upbeat, with the total value of applications at 889 million baht for the first five months of the year.
Marine energy investment (the Engineer)
The south west is set to become a global centre for marine energy following a £10.3m investment in the development of equipment and expertise to harness energy from the sea.
Why Rs1-lakh tax-free investment limit is bad (rediff.com)
A case study on why the Rs 1 lakh (Rs 100,000) tax-free investment limit for Section 80C of the Income Tax Act is ridiculously low and impractical.
China Investment buying stake in Teck Resources (AP via Yahoo! News)
Mining company Teck Resources Ltd. says it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt load.
ArcelorMittal Slows Pace of Investment in Senegal (Update1) (Bloomberg)
July 3 (Bloomberg) -- ArcelorMittal , the world’s biggest steelmaker, “slowed down” the pace of its investment in Senegal as the global economic slowdown curbs demand.
China Investment Corp to buy stake in Teck (AP via Yahoo! Finance)
Teck Resources Ltd. says China Investment Corp. will buy a 17 percent stake in the cash-strapped mining company for 1.74 billion Canadian dollars in a bid to reduce its debt load.
China Investment buying stake in Teck Resources (Channel 8 San Diego)
Associated Press - July 3, 2009 12:43 PM ET VANCOUVER, British Columbia (AP) - Mining company Teck Resources Ltd. says it is selling a 17% stake to China Investment Corp.
China Investment buying stake in Teck Resources (San Francisco Chronicle)
Mining company Teck Resources Ltd. says it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt load. The Vancouver-based company said Friday that CIC, the world's largest... Sponsored Topics: China - China Investment Corporation - Business - China Investment - Teck
China Investment buying stake in Teck Resources (AP via Yahoo! Finance)
Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars in a bid to reduce its debt load.
China Investment buying stake in Teck Resources (AP via Yahoo! News)
Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt.
China Investment Buys Teck Resources Stake (TheStreet.com)
Mining company Teck Resources says it is selling a 17% stake to China Investment Corp. for $1.5 billion as it seeks to reduce its debt.
China Investment Corp: Invest In Teck Resources About US$1.5 Billion (Nasdaq)
BEIJING -(Dow Jones)- China Investment Corp. said its investment in Canadian mining company Teck Resources Ltd. (TCK) will be about US$1.5 billion. China's US$200 billion sovereign wealth fund said in a statement on its Web site Friday it expects to close the deal on or about July 14.