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Investment News 07/2009 (Page 8)



Deutsche Bank tourney sponsor defends investment (Sports Illustrated)
BOSTON (AP) -- Defending the bank's sponsorship of a golf tournament in a slumping economy, Deutsche Bank Americas CEO Seth Waugh said Wednesday that the event has been a good investment for the company while providing needed money for the charities and local businesses that depend upon it.
SEC to restrict investment firm donations (UPI)
WASHINGTON, July 23 (UPI) -- Private investment firms would face restrictions on campaign contributions to U.S. public pension fund officials under a proposal that won provisional approval.
JPMorgan Shuffles Investment Bankers (TheStreet.com)
JPMorgan Chase has shuffled the heads of two investment banking units catering to consumer and retails companies and private equity clients.
Govt to throw open foreign investment door (The New Zealand Herald)
A slackening in foreign investment rules aimed at showing the world "New Zealand is open for business" will make it easier for overseas investors to buy assets such as Auckland Airport. Finance Minister Bill English yesterday said...
Foreign investment eased (Otago Daily Times)
Changes announced yesterday by Finance Minister Bill English to overseas investment rules received the predicted reaction from the Labour Party.
Hartford Cuts Nearly 270 Jobs At Investment-Products Unit (Nasdaq)
NEW YORK -(Dow Jones)- Hartford Financial Services Inc. (HIG) cut nearly 270 positions from its investment-products division in recent weeks due to slowing business.
English’s foreign investment case doesn’t stack up (Scoop.co.nz)
The Finance Minister’s argument that New Zealand needs more foreign investment because Kiwis don’t save enough is laughable given National’s gutting of Kiwisaver, Labour’s Associate Finance spokesperson David Parker said today.
Strategic asset investment test never used (Scoop.co.nz)
Removing the strategic asset test from the overseas investment rules will reduce confusion and uncertainty for investors but will have little other practical effect, Finance Minister Bill English says.
New Zealand must not Deter Foreign Investment (Scoop.co.nz)
The Wellington Regional Chamber of Commerce has welcomed new overseas investment rules which will make it easier for New Zealand to attract foreign investment.
Canada examining investment provisions on Nortel sale (Reuters via Yahoo! News)
Canadian officials have begun researching what kind of foreign purchases of Nortel assets might be subject to government restrictions under the Investment Canada Act, Industry Minister Tony Clement said on Thursday.
Ministry seeks to cut PTT's NGV burden, ease pipeline investment (The Nation - Thailand's English news)
The Energy Ministry is seeking solutions to lessen PTT's subsidies of natural gas for vehicles (NGV), otherwise growing financial losses could disrupt the company's investment plan for new NGV pipelines.
Oklahoma investment pros’ advice varies as markets soar (The Oklahoman)
Among Oklahoma investment experts surveyed Thursday, one was buying, one was poised to sell and another thinks there still are bargains to found in the stock market.But all were pleased with the recent rally that continued Thursday as all major stock indexes gained about 2 percent. "We’re happy as clams,” Edmond money manager Nick Massey said. "We’re in and we’re staying in — for now.”Massey ...
MPI TO INCREASE FOREIGN INVESTMENT IN REAL ESTATE (Bernama via Yahoo! Malaysia News)
PETALING JAYA, July 24 (Bernama) -- Malaysia Property Incorporated (MPI), a joint public-private sector initiative, has targeted to boost foreign direct investment (FDI) in the real estate sector by RM20 billion over the next 10 years.
Chinese insurers lack investment options - report (Reuters via Yahoo! Philippines News)
BEIJING, July 24 (Reuters) - China's life insurers face a shortage of long-term fixed-income investment options, preventing the sector from focusing on long-term savings and protection products, a report showed on Friday.
Vietnam posts impressive foreign investment numbers (Vietnam Net)
VietNamNet Bridge - Statistics from the Vietnamese Government’s Foreign Investment Department show direct investment from abroad to be up 13.8% in 2009’s first six months from a year ago, reaching $4.1 billion dollars.
Investment banker guilty of groping 'comatose' victim at cocktail party (Daily Mail: World News)
An investment consultant was told he faces jail today after stripping and groping a 'comatose' woman following a cocktail party.
Caisse looks to Europe for chief investment officer (Investment Executive)
The Caisse de dépôt et placement du Québec Thursday announced the appointment of Roland Lescure as executive vice president and chief investment officer.
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 $2.53 or 1.5 percent, to $162.92. Morgan Stanley fell $.81 or 2.8 percent, to $27.73.
Investment trusts in hot water (Financial Times)
Investment trusts are in hot water. The sector, beloved of private investors and the odd institutional activist, is one of the little-known casualties of the credit crisis.
Washington Real Estate Investment Trust sells Elkridge business park for $10.5M (BizJournals)
Washington Real Estate Investment Trust sold its Tech 100 industrial park in Elkridge for $10.5 million to Hill Management Services Inc. (WRE)
Investors ignoring red flags that could lead to investment fraud, experts say (MSN Money Canada)
Whether it's a Ponzi scheme, email or telephone scam, experts say every investment fraud case has the same red flags that were ignored by investors before handing over their money.
Wilmington Trust 2Q loss due to investment losses (AP via Yahoo! Finance)
Wilmington Trust Corp. posted a second-quarter loss Friday primarily due to investment losses, although the results were better than a year ago.
Value of Enterprise Ireland partnership funds to rise after €34m investment (Irish Examiner)
THIS year should see the combined value of investment from the various Enterprise Ireland partnership funds rise by about 30%, with the number of actual investment projects doubling at least.
Itochu May Buy Nippon Residential Investment Corp., Nikkei Says (Bloomberg)
July 24 (Bloomberg) -- Itochu Corp. may buy Nippon Residential Investment Corp. and merge the real-estate investment trust with its own Advance Residence Investment Corp., Nikkei English News said, without citing a source for the information.
The Hartford Has Cut Nearly 270 Jobs In Investment Products Division Nationwide (Hartford Courant)
The Hartford has cut nearly 270 jobs in its investment products division nationwide, reflecting a slowdown in variable annuity sales and the company's decision to shrink the problematic business.
Itochu May Buy Nippon Residential Investment, Nikkei Reports (Bloomberg)
July 25 (Bloomberg) -- Itochu Corp. may buy Nippon Residential Investment Corp. and merge it with the trading house’s own real estate trust, Nikkei English News said.
Khaleej Times Online - US visit lifts Iraqi investment hopes (Khaleej Times)
WASHINGTON - President Barack Obama’s promise to boost commercial ties with Iraq has lifted hope for a surge of U.S. business investment needed to rebuild the badly war-damaged country, an Iraqi official said on Friday.
MAEDC receives $500,000 investment (Missoulian)
The Missoula Area Economic Development Corp. has received a $500,000 equity investment from Wells Fargo. The investment will be used to support two of MAEDC's revolving loan funds.
Dubai Investment House tapped for ethanol project investments (Manila Bulletin)
As the country’s biofuels policy is now teetering at the edge of failure, Senator Miguel Zubiri, principal author of the Biofuels Law, starts knocking at the door of Dubai Investment House for funding of pipelined biofuels projects, primarily ethanol.
Moody's rates Kuwait Investment Company 'Baa3' (AME Info)
Moody's Investors Service has assigned a Baa3 (negative outlook) long-term issuer rating to Kuwait Investment Company (KIC). Moody's ratings reflect its view of the poor quality and high volatility of the company's earnings, which during 2008 led to large losses that consumed around one-third of its equity.
Chinese investors to join talks on Thai investment potential (China Daily)
Some 400 Chinese investors will confer with their Thai counterparts next week in an attempt to boost investment of no less than 20 billion Baht ($589 million) this year between the two countries, local media reported Saturday.
The Hartford Has Cut Nearly 270 Jobs In Investment Products Division Nationwide (Hartford Courant)
The Hartford has cut nearly 270 jobs in its investment products division nationwide, reflecting a slowdown in variable annuity sales and the company's decision to shrink the problematic business.
$70bn investment plan to develop Baghdad (Zawya)
23 July 2009 BAGHDAD: Baghdad's Mayoralty next month will announce a 10-year plan to conduct investment projects in the capital at a cost of $70 billion, according to an official statement.
Solterra Renewable Technologies to present at Saudi Arabia's 'Kingdom Project Expansion and Investment Summit' (AME Info)
Hague Corp.'s, wholly owned subsidiary, Solterra Renewable Technologies, Inc., has been invited to present its Quantum Dot Solar Cell Technologies at the upcoming 'Kingdom Project Expansion & Investment Summit,' being held in Riyadh, Kingdom Of Saudi Arabia, on November 9 and 10.
Itochu eyes acquiring real estate investment trust Nippon Residential (Japan Today)
Itochu Corp is seeking to acquire a real estate investment trust under the wing of failed real estate fund operator Pacific Holdings Inc, sources familiar with the matter said Saturday.
Investment bank mulls listing (Independent)
Fox-Pitt Kelton Cochran Caronia Waller, the investment bank that specialises in financial services, is believed to be considering a public listing later this year.
Chinese investors to join talks on Thai investment potential (People's Daily)
Some 400 Chinese investors will confer with their Thai counterparts next week in an attempt to boost investment of "no less than 20 billion Baht (589 million U.S. dollars) this year" between the two countries, local media reported Saturday. The Chinese investors, of whom some 300 are outstanding members of business associations worldwide, will participate in a four-day meeting with Thai ...
Feature: Chinese investment in Africa creates new opportunities (People's Daily)
Last week, the founder of the consultancy group Beijing Axis touched on a phenomenon occurring in South Africa that is being replicated across the African continent. "Far more Chinese companies are doing deals very quickly ... What is to follow will be far, far greater," Kobus van der Wath said of Chinese investment at the African Mining Congress in Johannesburg. The Beijing Axis is a ...
Chinese investors to join talks on Thai investment potential (Thailandnews.net)
Some 400 Chinese investors will confer with their Thai counterparts next week in an attempt to boost investment of "no less than 20 billion Baht (589 million U.S. dollars) this year" between...
MAEDC receives $500,000 investment (Missoulian)
The Missoula Area Economic Development Corp. has received a $500,000 equity investment from Wells Fargo. The investment will be used to support two of MAEDC's revolving loan funds.
Baghdad to unveil $70bn investment (AME Info)
The mayor of Baghdad has said that the city will announce next month a 10-year plan to conduct investment projects at a cost of $70bn, Aswat al-Iraq news agency has reported.
Thailand-China Trade and investment seminar kicks off (People's Daily)
A four-day seminar kicks off in Bangkok Sunday, aimed at building business linkages and opening trade, investment and tourism opportunities between Thailand and China. Thai News Agency quoted Thailand's Industry Minister Charnchai Chairungrueng as saying that starting Sunday, about 400 Chinese investors will participate in the trade and investment seminar with Thai investors. The number is ...
Saudi Investment Funds’ Total Assets Rise 14.7% (Update1) (Bloomberg)
July 26 (Bloomberg) -- The total assets of Saudi investment funds managed by commercial banks rose 14.7 percent in the second quarter from the previous three months, the kingdom’s central bank said on its Web site today.
Assocham biz team to visit Japan to invite investment in SEZs (The Economic Times)
A high-powered business delegation from India would leave for Japan tomorrow for a week-long visit to invite investment and technology from the world's second largest economy to these zones.
GDF Suez and Gulf Investment Corporation achieve financial close on Al Dur Independent Water and Power Project (AME Info)
Gulf Investment Corporation (GIC) and GDF Suez have completed the limited recourse financing of the $2.1bn Al-Dur Independent Water and Power Producer (IWPP) project (the Project), the largest privately-owned industrial project in Bahrain.
Investment bank to open offices in Cambodia (Việt Nam News)
HA NOI — The Bank for Investment and Development of Viet Nam (BIDV) plans to open a representative office and an investment company in Cambodia next week.
Thailand-China Trade and investment seminar kicks off (Thailandnews.net)
BANGKOK: A four-day seminar kicks off in Bangkok Sunday, aimed at building business linkages and opening trade, investment and tourism opportunities between Thailand and China.
Arabian Capital Investment and Finance sets up Office in DIFC (AME Info)
Arabian Capital Investment and Finance Company (ACIFC) announced today that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an Islamic Investment Bank in the Dubai International Financial Centre (DIFC).
GDF SUEZ, Gulf Investment Corporation achieve financial close on Al Dur Independent Water and Power Project (Mena Report)
Gulf Investment Corporation (GIC) and GDF SUEZ have completed the limited recourse financing of the $2.1 billion Al-Dur Independent Water and Power Producer (IWPP) project (the Project), the largest privately-owned industrial project in Bahrain.
Thailand-China Trade and investment seminar kicks off (Thailandnews.net)
A four-day seminar kicks off in Bangkok Sunday, aimed at building business linkages and opening trade, investment and tourism opportunities between Thailand and China. Thai News Agency quoted Thailand...