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Investment News 07/2009 (Page 6)



JPMorgan Profits From Investment Bank; Defaults Rise (Update2) (Bloomberg)
July 16 (Bloomberg) -- JPMorgan Chase & Co. , the second- largest U.S. bank, said profit rose for the first time since 2007 on record investment-banking fees.
JPMorgan profit surges on investment banking gains (AP via Yahoo! Finance)
The banking industry has another winner. JPMorgan Chase & Co. reported a 36 percent jump in second quarter profits Thursday, easily surpassing analysts' forecasts as huge gains in its investment banking business outweighed higher losses from bad loans.
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 $1.58 or 1.0 percent, to $156.84.
Sarkozy promises defense investment (UPI)
PARIS, July 15 (UPI) -- French President Nicolas Sarkozy promised a substantial investment in his country's military to enable it to meet future challenges.
Continental’s Smisek to Be CEO as Kellner Opens Investment Firm (Bloomberg)
July 17 (Bloomberg) -- Continental Airlines Inc. said President Jeff Smisek will become chief executive officer and chairman as Larry Kellner surprised analysts by stepping down to start a private-investment firm.
Gold Little Changed as Rising Equities Reduce Investment Demand (Bloomberg)
July 17 (Bloomberg) -- Gold was little changed in Asia after U.S. equities extended gains for a fourth day, reducing demand for the metal as a safe investment during the global recession.
RHJ says Opel is long-term investment  (Reuters via Yahoo! UK & Ireland News)
Belgian financial investor RHJ International sees its possible purchase of General Motors unit Opel as a long-term investment, RHJ Chief Executive Leonhard Fischer told German daily Bild.
3 face fraud raps over investment scam (Philippine Daily Inquirer)
The Department of Justice (DOJ) ordered the filing of criminal charges against a Singaporean national and two others over an alleged investment scam that duped $250 million from its victims.
European Investment Banks Upgraded at UBS; Retail Lenders Cut (Bloomberg)
July 17 (Bloomberg) -- European investment banks were raised to “overweight” at UBS AG, while the region’s retail banks were downgraded to “neutral.”
Charnchai unveils investment strategies for the South (The Nation - Thailand's English news)
Industry Minister Charnchai Chairungruang on Friday unveiled the investment plan for the South, which would involve billions of baht, to double the export value of key industries like para rubber and frozen seafood.
China cash boosts Myanmar investment: ministry (AFP via Yahoo! Philippines News)
Foreign investment in Myanmar increased more than fivefold to reach almost one billion dollars last year, as neighboring China pumped money into its mining sector, official statistics showed.
Perenco Rules Out Future Investment in Ecuador After Seizure (Bloomberg)
July 17 (Bloomberg) -- Perenco, the London-based explorer whose oil fields in Ecuador were seized by the state yesterday in a dispute over taxes, ruled out future investment in the South American nation.
Zacks Analyst Blog Highlights: CIT Group, Bank of America, Citigroup, American International Group and MGIC Investment ... (Zacks.com via Yahoo! Finance)
Zacks Analyst Blog Highlights: CIT Group, Bank of America, Citigroup, American International Group and MGIC Investment Corporation
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 rose $.10 or .1 percent, to $156.94. Morgan Stanley fell $.29 or 1.0 percent, to $28.27.
Consolidated Thompson says China has approved US$240M investment by WISCO (The Canadian Press via Yahoo! Canada News)
TORONTO - Consolidated Thompson Iron Mines Ltd. (TSX:CLM) said Friday a Chinese steel company has received the necessary government approvals to move ahead with a previously announced US$240-million investment in the Toronto company.
Consolidated Thompson says China investment approved (Toronto Star)
Consolidated Thompson Iron Mines Ltd. said today a Chinese steel company has received the necessary government approvals to move ahead with a previously announced US$240-million investment in the Toronto company.
School Fund investment counsel replaced (Austin American-Statesman)
The State Board of Education on Friday replaced the investment consulting firm that was overseeing a major shift in the $19 billion public school endowment.
Eastday-PBOC chief: China forex reserve not investment fund (Eastday.com)
BEIJING: China's Central Bank Governor Zhou Xiaochuan said Friday that the country's foreign exchange reserve should not be seen as "an investment fund", so it should not be looked on as a profit source.
Venture Capital Investment Quickens, But Still Down From '08 (Nasdaq)
Led by a strong rebound in health care, U.S. venture capital investment recovered from its first-quarter low, but still remains well off last year's pace.
Fortress Investment Is Said to Select a New Chief (New York Times)
Daniel H. Mudd, left, the former Fannie Mae chief executive who was ousted last fall in a government takeover of the mortgage-finance giant, is expected to join the Fortress Investment Group.
JPMorgan, U.S. Lenders Lean on Investment Banking for Profits (Bloomberg)
July 18 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., the three biggest U.S. lenders, reported a total of $10.2 billion in profits for the second quarter that relied on investment banking and asset sales to counter growing losses on consumer loans.
China Should Ease Restrictions to Spur Investment, Zhou Says (Bloomberg)
July 18 (Bloomberg) -- China should relax industry and administrative restrictions on companies to spur private investment and reduce their high savings ratio, said Zhou Xiaochuan , central bank governor.
Trowers and Hamlins advise Islamic investment bank on investment in Bahraini retail construction project (AME Info)
Trowers & Hamlins, the International law firm, has advised Capinnova Investment Bank, the Bahrain based Islamic investment bank, on a $20m investment in a brand new retail construction project in Bahrain.
Derail the investment firms' gravy train (St. Petersburg Times)
In the rarefied world of Goldman Sachs, money talks but apparently it doesn't listen very well. The investment firm's announcement that it is on track to pay huge, pre-economic-meltdown-level bonuses to its executives and traders means it is utterly deaf to the simmering resentments of everyday Americans whose desiccated pockets bailed out Wall Street's bulging ones.
NRN Australia to present paper on 'Knowledge Investment Forum' (Nepalnews. com)
An annual conference of the NRN Australia has decided to present a paper on 'Knowledge Investment Forum' at the fourth NRN Global Conference scheduled to take place in Kathmandu in October this year.
Inaugural investment education fair hopes to attract 20,000 (Channel NewsAsia via Yahoo! Philippines News)
SINGAPORE: There have been increasing calls for more education for the man—in—the—street on the basics of investment in the wake of the global financial crisis.
China Should Ease Restrictions to Spur Investment, Zhou Says (Bloomberg)
July 18 (Bloomberg) -- China should relax industry and administrative restrictions on companies to spur private investment and reduce their high savings ratio, said Zhou Xiaochuan , central bank governor.
Inaugural investment education fair hopes to attract 20,000 (Channel NewsAsia via Yahoo! Singapore News)
SINGAPORE: There have been increasing calls for more education for the man—in—the—street on the basics of investment in the wake of the global financial crisis.
JPMorgan, U.S. Lenders Lean on Investment Banking for Profits (Bloomberg)
July 18 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., the three biggest U.S. lenders, reported a total of $10.2 billion in profits for the second quarter that relied on investment banking and asset sales to counter growing losses on consumer loans.
US company plans investment in energy sector (Pakistani Newspaper)
KARACHI ( 2009-07-18 16:47:34 ) :The Chief Executive Officer of the US Bargamo E&A, Lord Harzarg, leading a delegation called on Sindh Chief Minister Syed Qaim Ali Shah at the Chief Minister House and discussed investment in the energy sector and other matters.
Slow and steady can be a smart investment strategy (The Meridian Star)
In today’s rabbit-fast world, it pays to remember that the tortoise won the race. For investors, dollar-cost averaging — a slow and steady investment plan — can be a winning strategy.
OCIPED develops investment promotion strategy (Zawya)
19 July 2009 MUSCAT -- OCIPED has developed an investment promotion strategy for Oman in close co-ordination with various Ministries and organisations.
Bangladesh offers tax incentive to lure investment in power sector (People's Daily)
The Bangladeshi government has offered 15 years of tax waiver on income of private power generation companies to lure investment in power sector, local newspaper The Financial Express reported on Sunday. The National Board of Revenue (NBR) has already issued an order to this effect offering the facilities for the private companies that will start power production on commercial basis by June 30, ...
China Should Ease Restrictions to Spur Investment, Zhou Says (Bloomberg)
July 18 (Bloomberg) -- China should relax industry and administrative restrictions on companies to spur private investment and reduce their high savings ratio, said Zhou Xiaochuan , central bank governor.
Trade, investment with Laos tops agenda (Việt Nam News)
HA NOI — Fostering trade and investment co-operation between businesses from Viet Nam and Laos topped the agenda of a meeting of officials and business leaders in the capital yesterday.
Investment in agricultural and rural sector hits snags (Vietnam Net)
VietNamNet Bridge - In contrast to the overall economy’s growth, investment in the agricultural and rural sector has been falling off in recent years.
Trowers & Hamlins advise Islamic investment bank on investment in Bahraini retail construction project (Mena Report)
Trowers & Hamlins, the International law firm, has advised Capinnova Investment Bank, the Bahrain-based Islamic investment bank, on a $20million investment in a brand new retail construction project in Bahrain.
Car giant Nissan to seal new investment deal (Morning Star)
Japanese car giant Nissan is expected to announce fresh investment in its British factory tomorrow, giving a much-needed boost to the recession-hit motor industry.
Good response to new investment guidelines (The Star)
PUTRAJAYA: The Government has received good response to the recently relaxed investment guidelines from potential investors in the Middle East, China and India.
Goldis still open to new investment opportunities (The Star)
KUALA LUMPUR: Private equity investment company Goldis Bhd’s strategy in the current tough economic environment is to consolidate and grow its existing stable of companies, but it has not completely shut the door on new investments, said head of corporate investments Colin Ng.
IDA: Ireland continues to attract and secure foreign direct investment (Irish Examiner)
IRELAND is continuing to attract and secure foreign direct investment, according to the chief executive of the IDA.
Energy: W’Bank Identifies $18bn Investment Potentials in Nigeria (This Day)
The World Bank has identified areas of investment opportunities in the clean energy development sector which can fetch Nigeria about $18 billion if explored.
MIS collapses contributes to investment decline (The West Australian)
The collapse of Timbercorp and Great Southern has contributed to a massive decline in funds directed towards agricultural managed investment schemes (MIS), a leading agribusiness research group says.
MIS collapses 'led to investment gap' (Sydney Morning Herald)
The collapse of Timbercorp and Great Southern has led to a massive decline in funds directed to agricultural managed investment schemes, a research group says.
BNP Can’t Get Investment-Bank Employees to Quit, Tribune Says (Bloomberg)
July 20 (Bloomberg) -- BNP Paribas SA can’t get employees to leave under a voluntary departure plan that would cut 204 jobs from its investment-banking unit, La Tribune reported, citing a union member it didn’t name.
Appointing new Chairman and Chief Executive Officer for Al Rayan Investment Company (AME Info)
Al Rayan Investment Company announced the appointment of His Excellency Ali Saeed Bin Sulayem Al Falasi new head of its board of directors.
MUSTAPA TO LEAD TRADE AND INVESTMENT MISSION TO AUSTRALIA (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 20 (Bernama) -- International Trade and Industry Minister Datuk Mustapa Mohamed will lead a trade and investment mission to Australia from August 2 to 4, 2009.
Rwanda: CMAC Acts to Regulate Collective Investment Schemes (AllAfrica.com)
Kigali — In order to develop the capital market and diversify investments within the securities market in the country, the Capital Markets Advisory Council (CMAC) has drafted a law on Collective Investment Schemes (CIS).
Industry Insight: Investment Banks' Bonanza (TheStreet.com)
Investment banking used to be straightforward -- boring even. Now it's dominated by alpha-male traders betting the farm.
Shifting Scientific, Health Priorities and Global Economic Downturn Impact Investment in HIV Prevention R&D (redOrbit)
New report finds first decline in HIV vaccine R&D investment in a decadeCAPE TOWN, South Africa, July 20 /PRNewswire-USNewswire/ -- A new report on investment in HIV prevention research in 2008 finds that HIV vaccine research funding levels decreased for the first time since investment trends have been tracked. This may have been influenced by shifts in scientific priorities, the declining ...