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Investment News 07/2009 (Page 4)



IL&FS Investment to consider stock split July 15 (Reuters via Yahoo! Asia News)
MUMBAI, July 10 (Reuters) - IL&FS Investment Managers Ltd said on Friday its board would meet on July 15 to consider a stock split.
Zimbabwe: Investment Conference Exposes Discord in GNU (AllAfrica.com)
DEPUTY Prime Minister Arthur Mutambara yesterday openly differed with President Robert Mugabe on fundamental issues at the inaugural two-day Zimbabwe Investment Conference in the capital in an apparent show of discord in the unity government.
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 $1.11 or .8 percent, to $142.10. Morgan Stanley fell $.45 or 1.7 percent, to $25.43.
Porsche Meeting Said to Focus on Mideast Investment (New York Times)
Porsche, which is in merger taalks with Volkswagen, called an extraordinary board meeting for later this month to discuss a possible investment from the Middle East.
Market volatility calls for strategy of 'active defensiveness': investment advisers (MSN Money Canada)
TORONTO - It could be several years before the days of reliable and steady growth return to equity markets, and in the meantime investors should adopt a strategy of "active defensiveness," investment advisers say.
Bear Mountain attracts Dubai investment, to be first corporate 'sukuk' in Canada (The Canadian Press via Yahoo! Canada News)
VICTORIA, B.C. - Bear Mountain Resort in British Columbia has launched the first major corporate "sukuk" in Canada after attracting international investment from Dubai.
Inland investment scheme leader convicted (The Press-Enterprise)
A federal jury in Riverside has just found Richard M. Harkless guilty of all seven criminal counts for his role in the MX Factors investment scheme, which bilked more than 670 people out of nearly $60 million between 2000 and 2003. The verdicts came after two hours of deliberation, on the fourth day of Harkless' trial in U.S. District Court. Judge Virginia Phillips set a Sept. 28 sentencing date.
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 $1.34 or .9 percent, to $141.87.
Lancelot Investment accused of aiding Ponzi scheme (AP via Yahoo! News)
Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.
Lancelot Investment accused of aiding Ponzi scheme (San Francisco Chronicle)
Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme. According to the SEC, Lancelot Investment and owner Gregory Bell invested more than $2 billion with... Sponsored Topics: US Securities and Exchange Commission - Ponzi scheme - Business - SEC - Investment management
Investment Immigration Will Be The Next Trend (New America Media)
-Immigration attorneys predict that immigration through investment is the next trend, reports the China Press.
Westlake’s Kevin Houser takes cash hit: Ex-Saint among those who lost money on film studio investment (The Elyria Chronicle-Telegram)
NEW ORLEANS — Former Westlake High and Ohio State football star Kevin Houser is among a group of current and former New Orleans Saints that is out nearly $1.9 million after the head of a Louisiana movie studio failed to repay the players’ investment in the studio. The studio head says he intends to repay the [...]
State opens trade, investment office in Vietnam (Baltimore Sun)
Vietnam is the latest foreign locale where Maryland will open an office to foster trade and investment, the state Department of Business and Economic Development announced Friday. The new office, to be co-located in Hanoi and Ho Chi Minh City, brings the state's total number of foreign offices to 13. As with others that opened around the world in the past year, the Vietnam office will operate on ...
Judge denies release in investment fraud case (The Bismarck Tribune)
FARGO (AP) - U.S. Magistrate Judge Karen Klein says a man who eluded authorities for nearly two years on investment fraud charges must stay in jail until his trial.
Vodafone to boost Ghana investment (Tiscali)
ACCRA (Reuters) - Mobile phone company Vodafone Group will invest $200 million (132 million pounds) more than originally planned in its Ghana Telecom unit, taking total expected investment to $700 million, it said on Monday.
Two arrested for duping several in investment scheme (Press Trust of India)
New Delhi, Jul 11 (PTI) Two men, owners of a sister company of a prominent jewellery chain, were arrested in the national capital for allegedly cheating several people by promising them high returns on their investment.
Why Buying A Home In Miami Foreclosures Makes For A Great Investment (Turks.US)
If you're thinking of turning a new leaf as an entrepreneur and looking forward to a more profitable investment in Miami, then you might want to take advantage of the offers in Miami foreclosures for a profitable venture.
Buffet lunch tab a bargain? Investment group thinks so (Louisville Courier-Journal)
The Canadian investment managers who paid $1.68 million in a charity auction to win lunch with investor Warren Buffett believe the meal will be worth it because of what they might learn from the billionaire.
Qatar Investment Authority offers seven billion euros for stake in Porsche (Deutsche Welle)
After months of negotiations, the Qatar Investment Authority has offered to invest seven billion euros in German sports car maker Porsche.
Judge denies release in investment fraud case (The Bismarck Tribune)
FARGO (AP) - U.S. Magistrate Judge Karen Klein says a man who eluded authorities for nearly two years on investment fraud charges must stay in jail until his trial.
Don't miss investment adviser red flags (The Clarion-Ledger)
Now that Bernard Madoff just got 150 years in prison, what have we learned from his sensational investment fraud? Probably not enough.
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.
Investment trusts oppose one size fits all legislation (Financial Times)
Protests about the draft rules drawn up by the European Commission for alternative investment fund managers have focused on the damage they would do to the hedge fund and private equity industries.
Australian green investment takes a knock (Financial Times)
The past year has been tough for Australia’s still-developing responsible investment sector, as it has for the funds industry generally, but a combination of factors – from the legislative to the social – are poised to drive a new era for the industry.
Chemicals sector attracts highest foreign investment (New Kerala)
New Delhi, July 12 : Despite the global slowdown, the chemicals sector witnessed the highest growth in foreign investment in 2008-09, says a report by an industry lobby.
Chemicals sector attracts highest foreign investment (Calcutta News)
Despite the global slowdown, the chemicals sector witnessed the highest growth in foreign investment in 2008-09, says a report by an industry lobby.
How's Your Investment Portfolio Doing? Seven Long-Term Indicators (Guru Focus)
Before Wall Street and the media combined to make investors think of calendar quarters as "short-term" and single years as "long-term", market cycles were used as true tests of investment strategies over the long haul. Bor-ing. There were four types of standard analysis used by most financial institutions, Peak-to-Peak, and Peak-to-Trough being the most common found in annual reports. There were ...
China’s Pension Fund Posts 9.99% First-Half Investment Return (Bloomberg)
July 12 (Bloomberg) -- China’s national pension fund, having posted its first annual investment loss last year, made a 9.99 percent return on equity investments in the first half as the nation’s stock markets surged.
Geithner to focus on investment, economic recovery (AP via Yahoo! News)
On his first trip to the Middle East as Treasury Secretary, Timothy Geithner's message this week will be similar to the one he delivered to Chinese officials a month ago: your investments in the United States are safe.
A golden investment that sounds too good to be true (The Star)
WHEN times are volatile and the economic cycle erratic, investors often turn to gold as a safe investment.
New Baltimore angels group nears $100K investment in Oculis Labs (BizJournals)
The Baltimore Angels Network is likely putting $100,000 into Oculis Labs Inc., marking what group organizers hope is a jump-start to local entrepreneurship and investment.
Highlights of the The Edge's Personal Money Investment Forum (The Edge Daily)
Below are some of the highlights from The Edge's Personal Money Investment Forum on the Stock Market 2009, which was held on July 4 at the Sime Darby Convention Centre.
DUAL CURRENCY INVESTMENT GAINING MOMENTUM IN LOCAL MART, SAYS OCBC (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 13 (Bernama) -- OCBC Bank (Malaysia) Bhd sees vast growth potential in Dual Currency Investments (DCIs) as customers are more familiar with the short-term non-principal protected alternative investment form.
Iran seeks China investment to build refineries (Reuters via Yahoo! Philippines News)
BEIJING, July 13 (Reuters) - Iran has sought investment from Chinese oil firms to help build and upgrade its lagging refining sector, as the world's No.5 crude exporter seeks to cut gasoline imports, Beijing-based industry officials said on Monday.
John Banks wants investment bonds to fund super city (TVNZ)
Auckland's mayor John Banks wants to sell investment bonds to pay for the planned super city
Qatar's Barwa to study merger proposal, denies Swiss investment plan (MENAFN)
Qatar's Barwa to study merger proposal, denies Swiss investment plan
Egypt seeks investment for $25bn projects (AME Info)
Egypt's Investment Minister said yesterday the country has plans to carry out 52 projects in infrastructure and services worth about $25bn and urged Gulf states to invest in such ventures.
3 foreign institutions gain investment qualification on China securities market (People's Daily)
China Securities Regulatory Commission (CSRC) released a notice on July 10 that stated they had permitted the Qualified Foreign Institutional Investors (QFII) qualifications of three new foreign investment institutions in June. QFII program allows overseas institutions to invest in and trade yuan-denominated bonds and A shares listed on the domestic exchanges. The Templeton Asset Management Ltd ...
Investment cold caller warnings (BBC News)
People in Jersey are given guidance on how to deal with cold callers from so-called investment advisors.
Pakistan Targets $15 Billion Five-Year Investment in Gas, Oil (Bloomberg)
July 13 (Bloomberg) -- Pakistan’s government is targeting $15 billion in investment to develop its oil and gas industry over the next five years as explorers including Eni SpA drill in offshore fields, an official said.
Gazprom cuts investment, but by less than expected (AP via Yahoo! Finance)
Russian natural gas company Gazprom will trim its investment program by almost 16 percent this year, Prime Minister Vladimir Putin said Monday -- a much smaller cutback than earlier suggested by the company.
Chattanooga Firm Part of Alcoa Re-Investment (WTVC Chattanooga)
A Knoxville television station reports that a Chattanooga business has put a nearly $500 million investment in an ALCOA property in Blount County. WATE-TV reports that Kinsey Probasco Hays is set to buy the 363-acre ALCOA West Plant location. A majority of that site is set to be redeveloped.
Newly public Walter Investment stumbles on listing standards (BizJournals)
Walter Investment Management Corp. said it briefly fell out of compliance with New York Stock Exchange listing standards but it believes it has corrected the problem.
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 $4.03 or 2.8 percent, to $145.90. Morgan Stanley rose $.80 or 3.1 percent, to $26.74.
Peza keeps 10% investment growth target (Philippine Daily Inquirer)
Despite a dismal first half performance, the Philippine Economic Zone Authority (Peza) is keeping its investment growth target this year of 10 percent.
OCBC: Big potential in dual currency investment (Business Times (Malaysia))
OCBC Bank (Malaysia) Bhd sees tremendous potential in dual currency investment (DCI) as customers are more familiar with this short-term non-principal protected alternative investment form.
FuturaGene’s wholly owned subsidiaries, CBD Technologies LTD and FuturaGene Investment Consulting (Beijing) expand ... (SeedQuest)
FuturaGene , which develops environmentally friendly solutions that enhance yields and improve the processability of plants for forestry, biofuels, biopower and agriculture, is pleased to announce that the company and its wholly owned subsidiaries, CBD Technologies Ltd. and FuturaGene Investment Consulting Co. Ltd. (Beijing) have agreed to extend their September 2007 Collaboration Agreement with ...
Japan investment trusts - value play but not much choice (TrustNet)
Investment trusts running at a discount may present a good way to play the Japan recovery, but there are considerably fewer funds to choose from than in the open-ended sector.
Canada investment adviser accused of Ponzi scheme (Reuters via Yahoo! News)
More investors said on Monday they were victims of an investment advisor whom they allege ran a so-called Ponzi scheme similar to the one that landed U.S. fraudster Bernard Madoff in jail for life.
Broadway Revival of Blithe Spirit Recoups Investment (Playbill)
The current revival of Noël Coward's Blithe Spirit — featuring five-time Tony Award winner Angela Lansbury — has recouped its initial investment of $2.68 million, according to Variety.