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Investment News 08/2009 (Page 2)



BNP Paribas Net Rises on Fortis, Investment-Banking (Update2) (Bloomberg)
Aug. 4 (Bloomberg) -- BNP Paribas SA , France’s largest bank, reported a 6.6 percent increase in second-quarter profit, helped by the acquisition of Fortis assets and higher investment-banking revenue.
Legal & General Falls as Investment Returns Reduce Profit (Bloomberg)
Aug. 4 (Bloomberg) -- Legal & General Group Plc , the second-biggest U.K insurer by assets, fell by the most in a month after investment returns hurt operating profit.
Spotify Said to Near Getting $50 Million Investment (New York Times)
Spotify, the digital music service, is close to securing new investment from high-profile investors including Hong Kong billionaire Li Ka-shing's charitable foundation, The Financial Times reported.
GI BILL GOOD INVESTMENT: O (New York Post)
President Obama said yesterday a new GI Bill for those who fought in Iraq and Afghanistan is an investment in both a new generation of veterans and the future of America. "We do this not just to meet our moral obligation to those who sacrificed...
Legal & General Falls as Investment Returns Reduce Profit (Bloomberg)
Aug. 4 (Bloomberg) -- Legal & General Group Plc , the second-biggest U.K insurer by assets, fell by the most in a month after investment returns hurt operating profit.
BNP Paribas Net Rises on Fortis, Investment Banking (Update3) (Bloomberg)
Aug. 4 (Bloomberg) -- BNP Paribas SA , France’s largest bank, reported a 6.6 percent increase in second-quarter profit, helped by the acquisition of Fortis assets and higher investment-banking revenue.
Australia to ease investment rules (Business Times (Malaysia))
SYDNEY: Australian Treasurer Wayne Swan announced an easing of foreign-investment rules yesterday as the nation looked to reassure investors that its door was open despite recent tensions over Chinese investment.
Legal & General Falls as Investment Losses Hit Profit (Update2) (Bloomberg)
Aug. 4 (Bloomberg) -- Legal & General Group Plc fell by the most in a month after investment losses hurt first-half operating profit and the second-biggest U.K insurer by assets cut its dividend.
Infineon rights issue success a setback for investment firm (EETimes Supply Network)
Infineon Technologies AG has managed to raise at least Euros 692 million (about $986 million) in its share offer, which means U.S investment firm Apollo Global Management LLC has largely failed to build up a major stake in the German semiconductor company.
Moody's assigns investment grade rating to International Paper's new senior notes offering (The Washington DC Examiner)
NEW YORK — Moody's Investors Service on Monday assigned an investment grade rating to International Paper Co.'s new senior notes offering. The ratings agency gave the Memphis, Tenn.-based company a "Baa3" rating on its offering and rated its outlook negative.
Gift products vet Moore starts investment firm, makes acquisition (The Tennessean)
A private investment firm recently launched by Nashville business executive Joseph Moore has acquired a majority equity position in Paddywax, a Decatur, Ga.-based artisan candle operation.
Investment move 'not related to China' (AAP via Yahoo!7 News)
Treasurer Wayne Swan denies the easing of foreign investment rules is a reaction to Chinalco's failed Rio Tinto bid.
Investment move 'not related to China' (The Age)
Treasurer Wayne Swan denies the easing of foreign investment rules is a reaction to Chinalco's failed Rio Tinto bid.
Shanghai sets up PE fund for financial investment (Reuters via Yahoo! Asia News)
SHANGHAI, Aug 5 (Reuters) - Shanghai has set up China's first private equity fund devoted to investment in financial companies, which aims to manage assets worth $2.9 billion, newspapers said on Wednesday, as part of China's reforms to transform its financial hub into a global financial centre by 2020.
Investment move 'not related to China' (BigPond News)
Wayne Swan denies the easing of foreign investment rules is a reaction to Chinalco's failed Rio Tinto bid.
Gruebel Says Fixing UBS’s Investment Bank May Take Until 2010 (Bloomberg)
Aug. 5 (Bloomberg) -- UBS AG , Switzerland’s biggest bank by assets, will need until next year to rebuild its investment bank after risk-cutting and employee departures hurt revenue, Chief Executive Officer Oswald Gruebel said.
Simon earnings decline on retail, investment losses (The Indianapolis Star)
INDIANAPOLIS -- Simon Property Group said Tuesday that second-quarter earnings fell as the recession cut retail spending at its shopping centers. Funds from operations slid to $313 million from $428 million a year ago. The Indianapolis real estate trust said occupancy slipped, revenue dipped 2.1 percent and it also lost $140 million from a key investment. During the quarter, the company had a ...
Thailand looks for more investment from Taiwan (The Nation - Thailand's English news)
More Taiwanese investors are expected to pour investment into Thailand, particularly in the electronics and alternative energy sectors, according to Federation of Thai Industries Chairman Santi Vilassakdanont.
Glut of solar deals shine light on clean tech investment recovery (vnunet.com)
Cath Everett, BusinessGreen , Wednesday 5 August 2009 at 09:35:00 Survey shows returning investor confidence, as flurry of solar deals suggest investment and acquisition war chests are being opened Despite being hit by falling levels of private capital investment during the first quarter of this year, the clean tech sector appears be back on the up again following an encouraging second quarter ...
Asian property investment market regains momentum in Q2 (Channel NewsAsia)
SINGAPORE : The property investment market in Asia enjoyed a stronger second quarter following a subdued start to the year, with direct real estate investment volume rising 41 per cent from the first quarter.
UBS Chief Warns on Recovery of Investment Unit (New York Times)
UBS Chief Executive Oswald Grubel said that the Swiss banking giant will need until next year to rebuild its investment bank, whose revenues have been hurt by less risk-taking and departing employees, Bloomberg News reported.
Fortress Investment 2nd-qtr Adjusted Net $66 Mln (Fox News)
Fortress Investment 2nd-qtr Adjusted Net $66 Mln
Fortress Investment Group's 2Q loss narrows (AP via Yahoo! Finance)
Alternative asset manager Fortress Investment Group LLC said Wednesday that its second-quarter loss narrowed as it cut expenses and recorded a special non-cash gain on affiliate investments.
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 $.42 or .3 percent, to $165.59. Morgan Stanley fell $.18 or .6 percent, to $29.89.
Gruebel Says Fixing UBS’s Investment Bank May Take Until 2010 (Bloomberg)
Aug. 5 (Bloomberg) -- UBS AG , Switzerland’s biggest bank by assets, will need until next year to rebuild its investment bank after risk-cutting and employee departures hurt revenue, Chief Executive Officer Oswald Gruebel said.
Rwanda: Provinces to Have Investment Promotional Websites (AllAfrica.com)
Kigali — The Rwanda Development Board (RDB) will develop provincial websites for promotion of investment opportunities upcountry. Rosemary Mbabazi, the RDB Director for Investors Mobilisation said that the development of the websites will come after developing investment proposals for each province.
Investment Grade Value Stock Index (IGVSI) Soars 24% (Guru Focus)
The Investment Grade Value Stock Index is a barometer of a small but elite sector of the stock market. Some Investment Grade Value Stocks are included in all averages and indices, but even the Dow Jones Industrial Average includes several issues that are below Investment Grade and very few boast an A+ S & P rating. The IGVSI tracks a portfolio of approximately 400 stocks--- and less than half of ...
US, Mauritius Start Talks On Bilateral Investment Treaty (Nasdaq)
WASHINGTON -(Dow Jones)- The U.S. and Mauritius started talks Wednesday on a bilateral investment treaty to help safeguard investment flows into the island republic off the African coast.
Tower Group 2nd-quarter profit triples, net investment income more than doubles (The Washington DC Examiner)
NEW YORK — Insurance company Tower Group Inc. said Wednesday its second-quarter profit tripled as it collected more in premiums and its net investment income more than doubled.
New embassy in Norway key to trade, investment (Vietnam Net)
VietNamNet Bridge – Viet Nam is preparing for the opening of its embassy in Norway this year, showing the country's willingness to foster co-operative ties with Norway, particularly in the trade and investment sectors.
Pirelli H1 China sales rise, investment on hold (Reuters via Yahoo! Asia News)
BEIJING, Aug 6 (Reuters) - Italian tyre maker Pirelli & C said on Thursday its sales in China rose 40 percent in the first half from a year earlier, but weak global demand has put a planned $100 million investment in the country on hold.
Illovo Raised to ‘Buy’ at UBS Investment On Malawi Expansion (Bloomberg)
Aug. 6 (Bloomberg) -- Illovo Sugar Ltd. had the rating raised on its stock to “buy” from “neutral” by UBS Investment Research because of an expansion program in Malawi.
Real estate not the safest investment, economist says (The Frederick News-Post)
The British have a saying, 'Safe as houses ' It means something is sure, a safe investment for the future
Insurer Zurich Financial reports a 29 percent drop in Q2 profit amid falling investment income (The San Francisco Examiner)
ZURICH — Swiss insurer Zurich Financial Services Group on Thursday reported a 29 percent year-on-year drop in second quarter profit mainly because of less income from investment and lower insurance earnings, but the performance was a marked improvement on the previous three month period.
IFC to sign deal on investment fund soon (Phnom Penh Post)
THE International Finance Corporation (IFC), part of the World Bank Group, said it will shortly sign a deal with Singaporean partners to set up a Cambodian-Laotian investment fund.
Aviva Cuts Dividend 31% as Investment Earnings Fall (Update1) (Bloomberg)
Aug. 6 (Bloomberg) -- Aviva Plc , the U.K.’s second-biggest insurer by market value, cut its first-half dividend payment 31 percent as investment earnings fell.
Mauritius: United States And Mauritius to Negotiate Investment Treaty (AllAfrica.com)
Nairobi — The United States and Mauritius announced August 5 that they will begin formal negotiations toward a bilateral investment treaty (BIT) to strengthen investor protections in Mauritius and encourage the continuation of market-oriented economic reforms.
Mauritius: Announcement of Investment Treaty Negotiations With Mauritius (AllAfrica.com)
Secretary of State Hillary Rodham Clinton and U.S. Trade Representative Ron Kirk announced today that the United States and Mauritius will begin formal negotiations toward a Bilateral Investment Treaty (BIT) that would strengthen investor protections and encourage the continuation of market-oriented economic reforms in Mauritius.
India investment to grow despite slowdown (AP via Yahoo! Finance)
Capital expenditure will continue to rise in India despite slowing economic growth thanks to pent-up demand and banks picking up the slack from reduced foreign investment, according to a survey of 500 industrial projects.
Canaccord Profit Falls on Investment-Banking Slowdown (Update1) (Bloomberg)
Aug. 6 (Bloomberg) -- Canaccord Capital Inc. , Canada’s largest independent brokerage by assets, said first-quarter profit fell 45 percent on a slowdown in investment banking.
Barclays approves £7.97bln sale of investment unit (AFP via Yahoo! News)
Barclays bank on Thursday said its shareholders had overwhelmingly approved the sale of its investment arm to US asset manager BlackRock for 7.97-billion-pounds.
Barclays approves $13.5 bln sale of investment unit (AFP via Yahoo! News)
British bank Barclays on Thursday said its shareholders had overwhelmingly approved the sale of its investment arm to US asset manager BlackRock for 13.5 billion dollars (9.4 billion euros).
Canada’s Flaherty to Meet Chairman of China Investment Corp. (Bloomberg)
Aug. 6 (Bloomberg) -- Canadian Finance Minister Jim Flaherty will meet Lou Jiwei, chairman of China Investment Corporation, during his six-day visit to the Asian nation next week.
Brazil Cemig May Sell Stake in Terna to Coliseu Investment Fund (Bloomberg)
Aug. 6 (Bloomberg) -- Cia. Energetica de Minas Gerais, Brazil’s second-largest electricity generator and distributor, said it may sell a stake in Terna Participacoes SA to FIP Coliseu, an investment fund.
'Vital to improve investment climate' (Business Times (Malaysia))
MALAYSIA, which is fast losing its lead position as an investment destination in Asia, needs more than just good infrastructure to woo back foreign capital, a top Deutsche Bank economist said yesterday.
RBS Stock Gains Give U.K. 1 Billion-Pound Profit on Investment (Bloomberg)
Aug. 6 (Bloomberg) -- Royal Bank of Scotland Group Plc , the biggest bank owned by the U.K., rose 9.2 percent in London trading, giving the government a profit on its 20 billion-pound ($33.6 billion) investment for the first time.
S&P ups DirecTV credit rating to investment grade (AP via Yahoo! Finance)
DirecTV Group Inc.'s credit rating was raised out of junk territory into investment grade Thursday after the satellite TV operator said that it won't be borrowing as heavily going forward.
Tudor Investment Calls Stock Gain a Bear-Market Rally (Update2) (Bloomberg)
Aug. 6 (Bloomberg) -- Tudor Investment Corp., the $10.8 billion hedge-fund firm run by Paul Tudor Jones , said equity markets could decline later this year, creating buying opportunities.
'Malaysia's investment environment must improve' (Asia News Network)
Despite talk of a relatively robust recovery among emerging markets, not all is sunny on the local economic front. International investors are questioning Malaysia ’s regional economic competitiveness as they begin to evaluate potential post-crisis investment opportunities in the Asian region.
SIC: investment to drive China's economy to 8% growth in 2009 (People's Daily)
The State Information Center, under the National Development and Reform Commission, predicted that China's economy would grow by about 8 percent in 2009, with investment as the major driving force. However, overcapacity will remain one of the major problems in the economy, according to the report issued by SIC on August 6. The growth of the first, second and tertiary industry will reach 3.5 ...