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Investment News 07/2009 (Page 2)



China Investment buying 17% US$1.5bil in Teck Resources (The Star)
VANCOUVER 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 load.
Sri Lanka: State, unclaimed, lands in Jaffna to be acquired for investment projects (TamilNet)
Retired Major Gen. Sunil Tennakoon, former Sri Lanka Army (SLA) Commander for Jaffna, said that action is being taken to acquire the lands belonging to the state and those unclaimed in Jaffna peninsula to be given to investors from foreign countries and the South, in a press meet held in Jaffna Secretariat Friday. Sunil Tennakoon, heading a team of officials of the Board of Investment of Sri ...
Fitch places Gulf Investment Corporation on rating watch negative (AME Info)
Fitch Ratings has placed Kuwait-based Gulf Investment Corporation's Long-term Issuer Default Rating of 'A', Short-term IDR of 'F1', Support Rating of '1' and Support Rating Floor of 'A' on Rating Watch Negative (RWN).
China Investment Corp: International Advisory Board Is Set Up (Nasdaq)
BEIJING -(Dow Jones)- China Investment Corp. has set up its international advisory board, which will have its first meeting soon, Jesse Wang, executive vice president of China's $200 billion sovereign wealth fund, said Saturday.
Some golden investment tips (rediff.com)
In an hour-long on rediff.com on Wednesday, financial planning expert Sailesh Multani offered some valuable investment tips.
Osisko Mining Corp. completes strategic investment (Resource Investor)
Osisko Mining Corp. has closed its previously announced strategic investment in Bowmore Exploration Ltd.
Ohio venture-capital investment posts gain (The Toledo Blade)
Venture-capital investment in Ohio climbed last year, while it declined nationwide. Despite the gain, though, Ohio's share represented less than 1 percent of the venture-capital money in the country. Some say that, given the state's population and production of goods and services, its share should be larger. The news of Ohio's gain comes from a new study by the Center for Entrepreneurship at ...
Asphalt Shingles -- Are They The Best Investment For Your Home? (Carteret County News-Times)
(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.
Polish shipyard sale still pending: Qatari investment bank (Khaleej Times)
DOHA - Qatar’s largest investment bank denied on Saturday that it had bought two Polish shipyards, explaining that it was acting as an advisor to a potential buyer in a deal that has still not been completed.
Qatar Investment Bank Says Polish Shipyard Sale Still Pending (Nasdaq)
DOHA (AFP)--Qatar's largest investment bank on Saturday denied it had bought two Polish shipyards, explaining that it was acting as an advisor to a potential buyer in a deal that has still not been completed.
Polish shipyard sale still pending: Qatari investment bank (AFP via Yahoo! News)
Qatar's largest investment bank denied on Saturday that it had bought two Polish shipyards, explaining that it was acting as an advisor to a potential buyer in a deal that has still not been completed.
Investigation of investment funds triggers wider inquiry (Financial Times)
Investment funds managed by Keydata have been hit by what is feared to be the worst fraud in the UK fund management industry in more than 20 years. But up until the potential losses came to light, the company had a relatively low profile.
S Korea To Up Green Fund Investment To KRW2.8 Trillion By 2013 (Nasdaq)
SEOUL -(Dow Jones)- The South Korean government Sunday said it is looking to increase its green fund investment to 2.8 trillion won ($2.2 billion) by 2013, as part of its plans to lure more social interest into the energy-efficient businesses.
(AFX UK Focus) 2009-07-05 12:11 TABLE-Israeli foreign direct investment $301 mln in May (Interactive Investor)
July 5 (Reuters) - Foreigners injected $301 million of direct investment into Israel through local banks in May, after pumping in $341 million in April and $297 million in March, the Bank of Israel said on Sunday.
Asphalt Shingles -- Are They The Best Investment For Your Home? (Purcell Register)
(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.
Nomura breaks into Saudi investment banking market (AFP via Yahoo! News)
Japanese giant Nomura said on Sunday it had launched investment banking operations in Saudi Arabia, becoming the first Asian securities firm to break into the lucrative, rapidly growing market.
SALAMA links with Emirates Investment Services Ltd to offer Shari’a compliant investment funds (Mena Report)
SALAMA-Islamic Arab Insurance Co. (PSC), one of the region’s leading Islamic insurance (Takaful) companies, today 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.
Stanbic partners with Russian investment group (Mmegi)
Stanbic Bank Botswana's parent company, Standard Bank of South Africa, recently entered into yet another strategic partnership with Russian investment giant, Troika Dialog Group.
Nomura enters Saudi investment banking market (Business Times (Malaysia))
RIYADH: Japanese giant Nomura said yesterday it had launched investment banking operations in Saudi Arabia, becoming the first Asian securities firm to break into the lucrative, rapidly growing market.
Vietnam gov’t investment arm slashes shares in 66 firms this year (Vietnam Net)
The State Capital Investment Corp., which manages shares for the government, announced it has sold its holdings in 66 companies for VND229.92 billion (US$13 million) in the first six months of the year.
Wells plans to 'grow and invest' in investment bank (The Charlotte Observer)
Wells Fargo will officially unveil the new brand name for its investment banking and capital markets unit Monday and signal plans to build a business largely inherited from Charlotte-based Wachovia.
UCR creates unit to focus on investment sales (BizJournals)
Dallas-based retail real estate firm United Commercial Realty has launched an investment sales division to help shopping center owners and investors navigate an increasingly difficult market.
NFC's proposed investment in Australian zinc miner clears finalregulatory hurdles (Interfax)
Shanghai. July 6. INTERFAX-CHINA - China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. (NFC) has received the last two regulatory approvals for its proposed AUD 10 million ($7.95 million) investment into zinc miner Terramin Australia Ltd., NFC announced on July 4.
Investment Banks Recreate Securitizations: Report (Fox News)
Investment Banks Recreate Securitizations: Report
Hopu Said to Plan Investment in China Mengniu Dairy (Update3) (Bloomberg)
July 6 (Bloomberg) -- Hopu Investment Management Co., a fund backed by Temasek Holdings Pte , plans to team up with a Chinese state-owned company for an $800 million investment in China Mengniu Dairy Co., a person familiar with the matter said.
India’s Mukherjee Increases Spending, May Ease Investment Rules (Bloomberg)
July 6 (Bloomberg) -- India’s Finance Minister Pranab Mukherjee , who started to deliver his budget speech at 11:00 a.m. in New Delhi today, pledged to increase spending on roads and power and may announce plans to ease foreign investment rules.
SALAMA links with Emirates Investment Services Ltd to offer Shari’a compliant investment funds (Mena Report)
SALAMA-Islamic Arab Insurance Co. (PSC), one of the region’s leading Islamic insurance (Takaful) companies, today 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.
French President Sets Up Committee To Study Investment Priorities (The Forex Market)
PARIS -(Dow Jones)- French President Nicolas Sarkozy Monday named former Prime Ministers Alain Juppe and Michel Rocard as heads of a committee which will study France's priorities in terms of investment.
Government investment in U.S. banks could lead to lower fees (BizJournals)
The federal government’s investment in two of the country’s biggest banks through the Troubled Asset Relief Program could slow the climb of customer service fees.
India Gives Tax Break on Natural Gas Output to Woo Investment (Bloomberg)
July 6 (Bloomberg) -- India will give an income-tax break on natural gas production after withdrawing it last year, seeking to attract overseas investment in the nation’s energy exploration program.
Wells Fargo re-brands investment banking business (AP via Yahoo! Finance)
Wells Fargo & Co. said Monday it has renamed its investment banking and capital markets businesses as Wells Fargo Securities.
PepsiCo announces $1bn investment in Russia (AFP via Yahoo! News)
US soft drink giant PepsiCo said Monday it would boost investment in Russia by one billion dollars, topping the list of US trade deals expected during President Barack Obama's visit to Moscow this week.
Social media helps investment firms punch above their weight (Computer Weekly)
A social media site is helping start-up investment firms compete with bigger competitors. Hedgehogs.net...
Seneca Nation creates investment company (BizJournals)
In an effort to diversify its portfolio, the Seneca Nation of Indians has formed a new investment company.
State regulators target Omaha investment adviser (AP via Yahoo! News)
Nebraska regulators have ordered an Omaha investment adviser to quit violating state securities laws and appear at a hearing to defend his practices.
State regulators target Omaha investment adviser (San Francisco Chronicle)
Nebraska regulators have ordered an Omaha investment adviser to quit violating state securities laws and appear at a hearing to defend his practices. State regulators say Ryan Jindra and his company, Envision Financial Group, charged improper fees of at least... Sponsored Topics: Nebraska - Omaha Nebraska - Omaha - United States - Investment advisor
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 $2.97 or 2.1 percent, to $146.46.
Goldman Sachs’ Investment in Trading Code Put at Risk by Theft (Bloomberg)
July 6 (Bloomberg) -- Goldman Sachs Group Inc. may lose its investment in a stolen proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said.
China Mengniu Shares Rise 7.3% After Hopu, Cofco Investment (Bloomberg)
July 7 (Bloomberg) -- China Mengniu Dairy Co., the nation’s biggest maker of liquid milk, climbed 7.3 percent in Hong Kong premarket trading after Cofco (Hong Kong) Ltd. and Hopu Investment Management Co. agreed to buy a 20 percent stake in the company.
Mengniu Dairy Shares Up On Share Sale To Cofco, Hopu Investment (Nasdaq)
HONG KONG -(Dow Jones)- Shares of Mengniu Dairy Co. (2319.HK) jumped as much as 12% early Tuesday after China's state-owned Cofco and private equity firm Hopu Investment Management Co. agreed to buy a 20% stake in the milk producer in a deal valued at HK$6.12 billion (US$784 million).
Goldman Trading-Code Investment Put at Risk by Theft (Update3) (Bloomberg)
July 6 (Bloomberg) -- Goldman Sachs Group Inc. may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong hands, a prosecutor said.
China Life, BOC Investment eye BBMG HK IPO-source (Reuters via Yahoo! Asia News)
HONG KONG, July 7 (Reuters) - China Life <2628.HK> and BOC Investment, a unit of Bank of China <3988.HK> <601988.SS>, are expected to be cornerstone investors in BBMG Corp's $700 million Hong Kong initial public offering, according to a source close to the matter.
California IOUs may become investment vehicles (The Sacramento Bee)
There's a market for everything, it seems, including California IOUs. The newly minted IOUs, a product of the state's cash shortage, could turn into an investment vehicle if the state budget crisis persists.
Afkar Development Investment Co makes strategic growth capital investment in Delta United (Mena Report)
Delta United Contracting Co. ("Delta"), a Saudi based telecom infrastructure service provider announced today that Afkar Development Investment Co. (“Afkar”), a Siraj Capital affiliate, has made a strategic investment in the Company.
Searches at offices of 2 Iceland investment firms (AP via Yahoo! Finance)
Iceland's special prosecutor says that the offfices of two investment firms are being searched in a a criminal investigation related to the collapse of the nation's banking system.
KazMunaiGaz Loses S&P Investment-Grade Credit Rating (Update1) (Bloomberg)
July 7 (Bloomberg) -- KazMunaiGaz National Co. , Kazakhstan’s state oil producer, lost its Standard & Poor’s investment-grade credit rating on concern the company will struggle to manage its cash in domestic banks.
Zimbabwe: Country Holds Vast Investment, Opportunities - Mbaiwa (AllAfrica.com)
Harare — THE Zimbabwe Investment Authority has challenged local and foreign investors to capitalise on the opportunities created by the ongoing economic recovery programme and increase investment in the country.
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 $1.47 or 1.0 percent, to $144.99. Morgan Stanley fell $.01 or percent, to $26.84.
S&P Raises Investment Banking, Broker View (Fox News)
S&P Raises Investment Banking, Broker View
Investment companies slash cash holdings (Financial Times)
Investment trust companies have slashed their cash holdings this year to take advantage of investment opportunities, in a sign of growing optimism among managers.