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Investment News 07/2009 (Page 9)



(AFX UK Focus) 2009-07-26 17:35 Commmerzbank investment bank revamp ahead of plan -paper (Interactive Investor)
FRANKFURT, July 26 (Reuters) - Commerzbank's revamp of its investment banking operation is proceeding well ahead of schedule, the head of its Corporate Finance division told a German newspaper on Sunday. The reorganisation would be completed in London tentatively in September, compared with the previous target of end-2010, Roman Schmidt told Handelsblatt's pre-release of its Monday edition. He ...
Afton Chemical Makes Strategic Investment In Asia Pacific Manufacturing Facility (ChemicalOnline)
Afton Chemical Corporation announces the new investment in an Asia Pacific manufacturing facility to better service our customers in the region. This new plant will improve security of supply and provide shorter lead-times with first intent products using cutting edge technology. "Afton is investing in Asia Pacific so we can invent and produce customized solutions within the region and for the ...
US seeking additional avenues for China investment (Asia News Network)
In the lead-up to the first China-US Strategic and Economic Dialogue (SAED), scheduled for today and tomorrow, the administration of US President Barack Obama has said it will press Beijing to transform its domestic economic structure and open its doors wider to foreign investment.
Halliburton Gets Assurance on Venezuelan Investment (Update2) (Bloomberg)
July 24 (Bloomberg) -- Halliburton Co. , the world’s second- largest oilfield-services provider, said it was assured by the government of Venezuela that its net investment of about $265 million in the country isn’t subject to nationalization under recent legislation.
Stimulus likely to require new investment strategies (BizJournals)
Portfolio managers, security analysts, investment advisers and just about any other financial professional will agree these are challenging times for the investment industry. Questionable lending practices, increasingly leveraged balance sheets, bank failures, congressional hearings and government bailouts have dominated the headlines. The financial crisis battered portfolios and revealed ...
Saudi investment funds' assets rise 14.7% (AME Info)
The Saudi Arabian Monetary Agency (SAMA) has said that total assets of Saudi investment funds managed by commercial banks rose 14.7% in the second quarter from the previous three months, Bloomberg has reported.
VinaCapital to steer investment into property (Thanh Nien Daily)
Investment bank and fund manager VinaCapital plans to focus investment on food, consumer goods and real estate projects in the next few years, the company said recently.
Investment bank to open offices in Cambodia (Vietnam Net)
VietNamNet Bridge - The Bank for Investment and Development of Viet Nam (BIDV) plans to open a representative office and an investment company in Cambodia this week.
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) 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 investors starting ...
Jordan- Investment Unit of SSC generates JD140m profit (MENAFN)
Jordan- Investment Unit of SSC generates JD140m profit
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) this year" between the two cou...
China Issues Rules Governing Loans For Fixed-Asset Investment (Nasdaq)
SHANGHAI -(Dow Jones)- China's banking regulator issued rules Monday governing loans for fixed-asset investment, in its latest attempt to direct bank lending to boost the real economy.
Chinese investment applications in Thailand double this year (Thailandnews.net)
Bangkok - Chinese companies seeking investment privileges in Thailand have almost doubled in the first half of 2009 despite the ongoing global economic crisis, the country's main investment promotion ...
Australia 2Q Planned Project Investment +9.8% On Quarter (Nasdaq)
SYDNEY -(Dow Jones)- Planned investment in major Australian infrastructure projects rose in the June quarter mostly driven by support from the public sector as business investment continues to wane as a driving force of major new capital expenditure, a report released Tuesday said.
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 $.09 or .1 percent, to $164.63. Morgan Stanley rose $.18 or .6 percent, to $28.43.
ASM Investment set to launch 2 unit trust funds in September (Business Times (Malaysia))
ASM Investment Services Bhd, a wholly-owned subsidiary of Amanah Saham Mara Bhd (ASMB), is expected to launch two new unit trust funds this September.
Vorbeck Materials scores $5.1M investment (BizJournals)
Jessup’s Vorbeck Materials Corp. has landed $5.1 million in investment from a private equity firm and the state of Maryland.
Recession to hit investment in IT training market: Study (The Times of India)
BANGALORE: Investment in IT training and software certification is set to decline by 25 per cent in the Asia-Pacific region this fiscal as budgets on tech spending fall due to recession, a study by IT research and advisory firm Gartner said.
Felda’s Mecca investment (Business Times (Malaysia))
FELDA is expecting returns on its RM120 million investment on a restaurant and hotel in Mecca, Saudi Arabia, in three or four years. Its chairman Tan Sri Dr Yusof Noor said the restaurant and hotel, located in the Safwa Tower near the Grand Mosque, started operating two months ago. "Felda owns a restaurant named D'Saji and 56 hotel rooms at the Safwa Tower," he said when launching Felda Travel's ...
Trust tries to persevere despite less investment (Otago Daily Times)
A $4.5 million loss in investment value will not stop the Central Lakes Trust from continuing to approve charitable community grants. In the trust's financial year ending March 31, the value of its investment portfolio dropped by about $9 million due to the recession.
Northrop Grumman debt to get investment-grade tag (AP via Yahoo! News)
Fitch Ratings said Monday it expects to assign an investment-grade rating to Northrop Grumman Corp.'s new senior notes.
Northrop Grumman debt to get investment-grade tag (AP via Yahoo! Finance)
Fitch Ratings said Monday it expects to assign an investment-grade rating to Northrop Grumman Corp.'s new senior notes. The military contractor's notes, which will be used to refinance debt maturing this year, will most likely be rated BBB+, the ratings agency said.
That's bonds, investment bonds (Chicago Tribune)
Well, isn't this a sign of the "new normal." Three of the hottest selling mutual funds lately have been bond funds. That's right, bonds -- the stodgy investment that investors typically have shunned for most of their lives because bonds are, well, stodgy.
Private investment falls to record low (News.com.au)
PRIVATE investment has fallen to a record low as firms struggle with tight borrowing conditions that are likely to worsen during the next year, a leading forecaster says.
Umm Al-Qaiwain Cement Second-Quarter Net Drops 96% on Investment (Bloomberg)
July 28 (Bloomberg) -- Umm Al-Qaiwain Cement Industries Co., a United Arab Emirates-based cement producer, said second- quarter profit slumped 96 percent on investment losses and impairment provisions.
Private investment falls to record low (Sky News Australia)
Private investment has fallen to a record low as firms struggle with tight borrowing conditions that are likely to worsen next year, a leading forecaster says.
Private investment falls to record low (BigPond News)
Private investment has fallen to a record low as firms struggle with tight borrowing conditions.
Investment arm strengthens Deutsche Bank (Financial Times)
Deutsche Bank confirmed the rebound in its investment banking operations but increased its provisions substantially in the second quarter in a sign of the difficult economic climate that is set to delay the return to full health of the banking sector.
Foreign investment in HCMC falls (Vietnews Online)
Foreign investment in Ho Chi Minh City, Vietnam’s largest economic hub, fell 90 percent in the first seven months of this year to US$758 million, according to the HCMC People’s Committee.
Zimbabwe: Citrus Exports Decline Due to Lack of Investment (AllAfrica.com)
Harare — CITRUS exports have slumped to a third of the industry's capacity due to lack of investment and funding challenges on the existing established growers, managing director for Mazoe Citrus Estates, Mr Gabriel Chinembiri said.
Boediono Says Indonesia to Unveil Investment Measures (Update1) (Bloomberg)
July 28 (Bloomberg) -- Indonesia will announce initiatives to spur investment, improve infrastructure and enhance social safety nets within the first 100 days of the next administration taking office, Vice President designate Boediono said.
GOVERNMENT CONCERNED OVER DECLINING TREND IN PRIVATE INVESTMENT (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 28 (Bernama) -- The government is concerned over the declining trend in private investment, Minister of Finance II, Datuk Seri Ahmad Husni Mohamad Hanadzlah said.
Oil firms say Nigeria reform will hit investment (Reuters via Yahoo! UK & Ireland News)
Nigeria's plans to reform its oil industry could threaten billions of dollars of investment if they go ahead in their current form, foreign oil firms in Africa's top energy exporter warned Tuesday.
David Stevenson: Farm land investment (Financial Times)
A few of my readers have been writing to me to ask for further details about the farm land investment companies mentioned in this weekend’s article . Both the funds mentioned have pretty impressive websites but if you are after some additional research materials I’d offer two tips.
Brazil Real to Gain on Growth, Investment Flows, JPMorgan Says (Bloomberg)
July 28 (Bloomberg) -- Brazil’s real may strengthen to 1.8 per dollar by year-end as faster economic growth lures foreign investment and higher demand for commodities boosts the country’s exports, according to JPMorgan Chase & Co.
Investment Banks companies shares down at 10 a.m. (The Washington DC Examiner)
NEW YORK — Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $2.32 or 1.4 percent, to $161.55. Morgan Stanley fell $.44 or 1.6 percent, to $27.61.
UK's aero-engine industry and supply chain boosted by investment in innovative new technology (EurekAlert!)
( Engineering and Physical Sciences Research Council ) Rolls-Royce are set to play center stage in an investment program totaling £40m ($66 million) that aims to strengthen the supply chain for the UK's aero-engine industry and accelerate the development and introduction of low carbon aircraft engine technology.
Waddell and Reed 2nd-quarter profit falls 34 percent as investment management fees shrink (The San Francisco Examiner)
OVERLAND PARK, KAN. — Waddell & Reed Financial Inc. said Tuesday its second-quarter profit fell 34 percent as a decline in the value of assets the mutual fund provider manages eroded investment-fee revenue.
Arab investment boosts spaceship venture (MSNBC)
The Middle East investment fund that recently bet big on Mercedes-Benz said Tuesday it will pay about $280 million to buy nearly a third of commercial space travel startup Virgin Galactic.
Thai, Chinese entrepreneurs to seal $10 bln trade, investment deals (Thailandnews.net)
Thai Prime Minister Abhisit Vejjajiva said Tuesday his government attaches great importance to Sino-Thai trade and investment, as entrepreneurs of the two countries signed letters of interest worth of...
Temasek exploring joint investment scheme with public (Channel NewsAsia)
SINGAPORE: Temasek Holdings is looking to invite the public to jointly invest with the investment company in a venture. This was disclosed by Temasek's executive director and chief executive officer Ho Ching at a luncheon talk on Wednesday, organised by the Institute of Policy Studies.
Kenyan Investment May Decline 47% Amid Global Crisis (Update1) (Bloomberg)
July 29 (Bloomberg) -- Foreign and local investment in Kenya , East Africa’s biggest economy, may plunge 47 percent this fiscal year as companies cut spending because of the global financial crisis, the Kenya Investment Authority said.
Phoenix investment firm Radical Bunny accused of fraud (The Arizona Republic)
The U.S. Securities and Exchange Commission is charging the Phoenix investment firm Radical Bunny with securities fraud related to investment activities with Mortgages Ltd. Mortgages Ltd., once the largest private commercial lender in Arizona, went into bankruptcy in 2008 following the suicide of founder Scott Coles.
Active Investment Management Misses The Mark (Investopedia)
One of the most controversial subjects in the financial services industry is the issue surrounding the value of active investment management (AIM) in the secondary capital markets. The value of AIM has been debated by many investment professionals for more than a decade.
MINING FINANCE / INVESTMENT (Mineweb)
Frank Holmes, CEO and chief investment officer at U.S. Global Investor, gives his views on the prospects fr inflation and the impact of China on global commodities makets and prices. Interview with The Gold Report.
Wells Fargo’s Expansion Kindles Passion for Investment Banking (Bloomberg)
July 29 (Bloomberg) -- Wells Fargo & Co.’s $12.7 billion purchase of Wachovia Corp., meant to bolster deposits and mortgage operations, has deepened the company’s commitment to investment banking as corporate stock and bond sales surge.
Nomura Posts Profit on Trading, Investment Banking (Update2) (Bloomberg)
July 29 (Bloomberg) -- Nomura Holdings Inc. , Japan’s largest brokerage, posted its first quarterly profit since 2007 as a stock market revival boosted trading and investment banking.
Finmeccanica, Libyan Investment Authority sign MoU for a strategic cooperation (Mena Report)
Finmeccanica, the Italian leading aerospace, defence and security company and the Libyan Investment Authority (“LIA”), the Libyan sovereign wealth fund, and Libya Africa Investment Portfolio (“LAP”), an Investment Fund owned by LIA, share the view that Libya and the Middle East and Africa countries will offer, in the near future, significant investment opportunities in a broad range of ...
Nomura Posts Profit on Trading, Investment Banking (Update3) (Bloomberg)
July 29 (Bloomberg) -- Nomura Holdings Inc. , Japan’s largest brokerage, posted its first quarterly profit since 2007 as a stock market revival boosted trading and investment banking.
WellPoint reports profit slump on investment loss (AP via Yahoo! News)
Health insurer WellPoint Inc. says its profit fell 7.6 percent in the second quarter as it felt the effect of investment losses.