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Investment News 08/2009 (Page 4)



ASIC charges investment firm bosses (News.com.au)
THE Australian Securities and Investments Commission (ASIC), has brought criminal charges against two former principals of collapsed investment firm Chartwell Enterprises.
Global Investment House to reach debt agreement (AME Info)
Bader Abdulla Al-Sumait, CEO of Kuwait's Global Investment House has said the firm may soon reach an agreement with its creditors after the Kuwaiti investment bank defaulted on loan repayments in December, Bloomberg has reported.
China to sharply increase investment in railway construction (People's Daily)
China plans to invest at least 700 billion yuan (102.49 billion U.S. dollars) per year in railway construction over the next three years, said Wang Zhiguo, vice minister of railways on Monday. "In the first seven months of this year, China invested 247.49 billion yuan in railway construction, up 136 percent year on year," said Wang, adding that the planned railway investment for 2009 is 600 ...
Prodesse Investment 2Q Net asset Value $7.69 Vs $6.99 (Nasdaq)
LONDON -(Dow Jones)- Prodesse Investment Limited (PRD.LN), announced Tuesday for its results for the quarter ended June 30, it had an NAV per share of $7.69 compared with $6.99.
MINING FINANCE / INVESTMENT (Mineweb)
California seen as more likely to default than Russia! An investment in California is seen by the markets as riskier than one in Russia while the big upturn in China rail traffic may bode well for the strength in the copper price.
UBS adds 20 senior staff to investment team (Financial Times)
UBS has unveiled senior appointments within its investment banking division, a week after admitting that it missed the credit boom that fuelled near-record profits at global rivals.
Investment in Cambodian tourism reaches $354 mln in half year (People's Daily)
The investment in Cambodia's tourism reached to about 354 million U.S. dollars in the first six months of this year and is a leading field that got the most investment, the local media said on Tuesday. "Council for Development of Cambodia (CDC) approved about 1.22 billion U.S. dollars investment projects totally from private companies and 354 million U.S. dollars of the total is on tourism ...
Urban Fixed-Asset Investment Up (Pravda Ru)
China 's urban fixed-asset investment rose 32.9 percent in the first seven months of this year from a year earlier to 9.59 trillion yuan ($1.4 trillion), the National Bureau of Statistics (NBS) announced Tuesday.
Japanese investment in Indian equity mkt at $1 bn (Business Standard India)
Japanese corporates and retail investors see India as a major investment destination and already up to$1 billion has reached Indian equity markets.
Arlington Asset Investment Corp. loss widens (BizJournals)
Arlington Asset Investment Corp., formerly known as Friedman Billings Ramsey Group Inc., reported a wider loss in the second quarter due to the costs of unraveling its ties to FBR Capital Markets Corp. (AI)
Bluebirds reveal investment deal (PA Sport via Yahoo! UK & Ireland Sport)
Cardiff have announced an agreement with a Far East company which could lead to investment in the club and help clear the Bluebirds' debt.
Federal Realty Investment Trust raising nearly $250M (BizJournals)
Federal Realty Investment Trust is loading up its war chest with nearly a quarter of a billion dollars, possibly for an acquisition.
Tokuyama ups investment in Sarawak (Business Times (Malaysia))
It plans to spend 65 billion yen or about RM2.36 billion, an increase from its initial investment plan of 50 billion yen (RM1.8 billion) announced last November.
3D investment (the Engineer)
Enterprise Ventures, an independent venture and growth capital fund manager, has completed an investment in Bradford University spin-out Tangentix.
China Investment Corp. shows interest in Canada: Flaherty (National Post)
China Investment Corp., the sovereign wealth fund whose holdings include stakes in Blackstone Group LP and Morgan Stanley, is interested in boosting its Canadian presence after acquiring a stake in Teck Resources Ltd. last month, Canadian Finance Minister Jim Flaherty said.
Federal Realty Investment Trust prices offering (AP via Yahoo! News)
Federal Realty Investment Trust said on Tuesday that its offering of more than 1.7 million shares has been priced at $57.50 each.
Federal Realty Investment Trust prices offering at $57.50, hopes to raise $95.6 million (Minneapolis-St. Paul Star Tribune)
ROCKVILLE, Md. - Federal Realty Investment Trust said on Tuesday that its offering of more than 1.7 million shares has been priced at $57.50 each. The trust, which focuses on retail and mixed-use properties, said it expects to get about $95.6 million from the offering after it pays fees.
Investment Opportunities for Accredited Investors in the Precious Metals Markets (GoldSeek.com)
If you are an accredited investor, there are additional investment opportunities available to you.
Federal Realty Investment Trust prices offering (San Francisco Chronicle)
Federal Realty Investment Trust said on Tuesday that its offering of more than 1.7 million shares has been priced at $57.50 each. The trust, which focuses on retail and mixed-use properties, said it expects to get about $95.6 million from the offering after... Sponsored Topics: Investment trust - Business - Federal Realty Investment Trust - Real estate - Investing
Apollo Investment to sell 15 million shares (AP via Yahoo! Finance)
Apollo Investment Corp. said Tuesday it will sell 15 million shares of stock to pay back debts, fund investments and for other general corporate purposes.
Switzerland: UBS Hires 20 for Its Investment Unit (New York Times)
UBS has hired more than 20 bankers for its fixed-income business as it strives to put its investment bank back on track after heavy losses in the credit crisis.
M’sia, Egypt agree on panel to boost trade, investment (The New Sabah Times)
KUALA LUMPUR : Malaysia and Egypt yesterday agreed a bilateral Joint Trade and Investment Committee will be an effective mechanism to oversee the expansion of trade and investment opportunities between them.
China says ties, investment unhurt by Rio arrests (The Age)
China says its industrial espionage case against Rio Tinto staff would not hurt efforts to attract foreign direct investment or its ties with Australia.
Fitch downgrades Gulf Investment Co (AME Info)
Fitch Ratings has said it has downgraded Kuwait-based Gulf Investment Corporation's (GIC) long-term issuer default rating (IDR) to 'BBB' from 'A', Reuters has reported.
Sal. Oppenheim Investment Banking Unit May Split Off, FTD Says (Bloomberg)
Aug. 12 (Bloomberg) -- Sal. Oppenheim Jr. & Cie.’s investment banking unit may split off from the group, Financial Times Deutschland reported, without saying where it got the information.
Nordic Investment Bank Sells A$300 Million 2014 Kangaroo Bonds (Bloomberg)
Aug. 12 (Bloomberg) -- Nordic Investment Bank , a Helsinki- based lender that finances public and private projects in Scandinavia, sold A$300 million ($247 million) of kangaroo bonds today, it said.
LLoyds Consolidates Asset Mgmnt, Sells Insight Investment (Nasdaq)
LONDON -(Dow Jones)- The U.K.'s Lloyds Banking Group PLC (LYG) Wednesday said it would bring its asset management businesses together under its Scottish Widows brand, selling most of Insight Investment Management Ltd. to Bank of New York Mellon Corp. (BK) for GBP235 million as part of the restructuring.
UPDATE: LLoyds Combines Asset Management, Sells Insight Investment (Nasdaq)
LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) said Wednesday it would bring its asset management businesses together under its Scottish Widows brand, while selling most of its Insight Investment Management Ltd. business to Bank of New York Mellon Corp. (BK) for GBP235 million in a long-anticipated sale.
Coast Investment Gains to 10-Month High on Fourfold Profit Jump (Bloomberg)
Aug. 12 (Bloomberg) -- Coast Investment and Development Co ., a Kuwaiti securities and property investment company, climbed to a 10-month high after profit almost quadrupled.
E.ON Sticks To Invest Plan; Sees Lower Investment After 2011 (Nasdaq)
FRANKFURT -(Dow Jones)- German utility E.ON AG (EOAN.XE) Wednesday said it is still planning to invest around EUR30 billion between 2009 and 2011, but added that it will likely reduce annual investment after that period.
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 $3.20 or 2.0 percent, to $162.42. Morgan Stanley rose $.04 or .1 percent, to $29.93.
BNY Mellon buying British investment firm (Pittsburgh Post-Gazette)
The Bank of New York Mellon Corp. said today that it was buying Lloyds Banking Group PLC's Insight Investment Management Ltd. unit for $387.4 million.
Couple Arraigned For Phony Investment Scam (The Kentucky Post)
Attorney General Jack Conway and 3 rd District Commonwealth’s Attorney Lynn Pryor Wednesday announced the arraignment of two of four people charged in connection with a phony investment scam in Christian County that has cost its victims more than $516,000.
India receives $15bn foreign investment in Apr-Jun (rediff.com)
As against a flow of nearly $3 billion in the preceding quarter of Jan-March, the direct and portfolio investments flow together rose sharply to $15 billion during April-June this year, data released by RBI revealed. Of the total investment flows during the quarter, portfolio investments accounted for $8.270 billion, while direct inflows contributed $7.016 billion to the total flows, Reserve ...
Emeco Says Investment Firm Makes Unsolicited Bid (Update1) (Bloomberg)
Aug. 13 (Bloomberg) -- Emeco Holdings Ltd. , an Australian earthmoving company, said a financial investment firm has made an unsolicited bid to buy the whole company.
Investment forum planned for Central Highlands (Vietnews Online)
The Central Highlands province of Dak Lak will host a forum next month to generate more investment in the region, according to the Ministry of Planning and Investment.
Marac, South Canty lose investment grade ratings (Scoop.co.nz)
August 13 – South Canterbury Finance Group and Pyne Gould Corp.’s Marac finance arm were stripped of their investment grade credit ratings by Standard & Poor’s.
BMB Investment Bank reveals restructuring progress and semi annual results (AME Info)
BMB Investment Bank 'BMB' or the 'Bank' discussed today the ongoing effect of the global economic crisis and its continuing impact on the banking community.
India gets $15 bn foreign investment in April-June (The Hindu)
MUMBAI: Signs of India's economic recovery appear to have lifted confidence among foreign investors as the flow of foreign investment has surged five times in the April-June quarter to $15 billion.
Esterad Investment Company (B.S.C.) ratings lowered (MENAFN)
Esterad Investment Company (B.S.C.) ratings lowered
KB Financial Says Not In Talks To Buy Prudential Investment (Nasdaq)
SEOUL -(Dow Jones)- KB Financial Group Inc. (105560.SE) Thursday said it isn't in talks to acquire Prudential Financial Inc.'s (PRU) South Korean brokerage unit, Prudential Investment & Securities, contrary to an earlier report by online news provider Edaily.
Investment adviser finds the show jump ring another chance to compete (Vancouver Sun)
Every weekday morning, Chris Lowe rises in his home in Burnaby and heads downtown to work as an investment adviser with Odlum Brown Limited. He's at his desk at 6 a.m. so he can be there before the markets open.
Winter Valley Tourism Investment Company, by Swiss-Belhotel, signs number of agreements (AME Info)
Winter Valley Tourism Investment Company, owners of Winter Valley Dead Sea, by Swiss-Belhotel, has signed a number of agreements for the propose of its hotel development, taking place on the Dead Sea shores.
Investment a top saving priority, says survey (The Edge Daily)
According to the MasterCard Survey on Consumer Purchasing Priorities released today, the top three saving priorities for Malaysians are investment (59%), retirement (52%) and property purchase (29%). Meanwhile, dining and entertainment (as indicated by 76% of the Malaysian respondents), fashion and accessories (38%), fitness and wellness (37%) are the top spending priorities for the next six ...
Retail Demand Intelligence Revealed As Critical Investment Issue For Retailers, IDC Retail Insights Research Shows (RetailSolutionsOnline)
A new research study published by IDC Retail Insights shows retail demand intelligence (RDI) as the most pressing technological investment issue currently facing retailers. According to the new report, retailers are not only implementing advanced demand- forecasting tools, but are using RDI as a foundational retail technology, tightly integrated with retail planning systems, supply chain ...
Higher deals triple profits of Metrobank's investment banking unit (GMA News)
The Metrobank Group"s investment banking unit tripled its profits for the first half after securing lead roles in helping Philippine companies raise cash for their needs, the company said in a disclosure.
IT leaders seeing investment payback time slashed (Computing.co.uk)
Bryan Glick, Computing , Thursday 13 August 2009 at 15:08:00 Some CIOs have had return on investment periods halved - with others reporting approval only for projects that give a return within a month, says research More than a third (37 per cent) of European IT leaders have had to reduce the amount of time to achieve a return on their technology investment as a result of the downturn, according ...
IT leaders seeing investment payback time slashed (V3.co.uk via Yahoo! UK & Ireland News)
More than a third (37 per cent) of European IT leaders have had to reduce the amount of time to achieve a return on their technology investment as a result of the downturn, according to research.
£3m investment for tech firms (Epolitix via Yahoo! UK & Ireland News)
Two technology firms are the first to receive funding from a government-backed investment fund.
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 $.87 or .5 percent, to $162.89. Morgan Stanley fell $.54 or 1.8 percent, to $29.44.