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Investment News 08/2009 (Page 6)



Foreign investment fell 35.7% (Straits Times)
BEIJING - THE fall in China's foreign direct investment accelerated in July, the tenth straight month of decline amid the global economic downturn, the Commerce Ministry said on Monday. China received US$5.4 billion (S$7.82 billion) in foreign direct investment in July, down 35.7 per cent from a year earlier, ministry spokesman Yao Jian said. That compared with US$9 billion in investment in ...
China's foreign direct investment falls in July (New Kerala)
Beijing, Aug 17 : China received 5.36 billion dollars in foreign direct investment (FDI) in July, down 35.7 percent year on year, said Ministry of Commerce spokesman Yao Jian Monday.
China's foreign direct investment falls in July (The Economic Times)
China's foreign direct investment falls in JulyChina's foreign direct investment falls in July
China's foreign direct investment drops in July (Market Watch)
Foreign direct investment in China declines sharply in July, with inflows falling to two-thirds of last year’s level as companies in developed economies pared back overseas investments.
Dragon Oil May Cut Investment on Turkmen Pipe Delays (Update1) (Bloomberg)
Aug. 17 (Bloomberg) -- Dragon Oil Plc , the London-listed explorer targeted by Emirates National Oil Co., may cut investment in infrastructure this year because of delays in building a pipeline and a gas-processing unit in Turkmenistan.
National Investment Managers 2Q profit soars (BizJournals)
Growth in National Investment Managers Inc.’s retirement plan administration business helped the company to a surge in second-quarter profit.
Citadel Investment Said to Plan Trading Operation for Bank Debt (Bloomberg)
Aug. 17 (Bloomberg) -- Ken Griffin ’s $12 billion Citadel Investment Group LLC is trying to set up a leveraged-loan- trading unit as the market for the debt has returned 42 percent from a December low, a person familiar with the effort said.
Federal Realty Investment Trust raises $265M, cuts guidance (BizJournals)
Proceeds from Federal Realty Investment Trust’s capital raising last week came in at the high end of the range, totaling $265 million. (FRT)
China foreign investment falls 35.7pc in July (Business Times (Malaysia))
BEIJING:The fall in China's foreign direct investment accelerated in July, the tenth straight month of decline amid the global economic downturn, the Commerce Ministry said yesterday. China received US$5.4 billion (US$1 = RM3.54) in foreign direct investment in July, down 35.7 per cent from a year earlier, ministry spokesman said. That compared with US$9 billion in investment in June, a decrease ...
Firms more optimistic, call for investment push (Business Times (Malaysia))
Malaysia's Chinese businessmen think the worst of the economic crisis is over, but say the country needs to attract more foreign direct investment (FDI) to ensure speedy recovery.
Investors' rising fears about consumer spending are turning stocks into a risky investment again (New York Daily News)
Investors' rising fears about consumer spending are turning stocks into a risky investment again.
Lawmakers debate investment consulting contract (AP via Yahoo! Finance)
A state legislative committee has narrowly approved a budget recommendation that would allow the South Dakota Investment Council to continue paying former state Investment Officer Steve Myers as a consultant.
S&P reaffirms Con-way investment grade rating (San Francisco Chronicle)
Ratings agency Standard & Poor's affirmed its BBB- rating for Con-way Inc. on Monday, but suggested that weak demand and competitive prices will continue to hurt the trucking company's earnings and credit standing. S&P also removed the company from immediate... Sponsored Topics: Standard & Poor - Business - Investment grade - Con-way - Better Business Bureau
Ratings agencies divided on whether MeadWestvaco debt is investment grade or not (The San Francisco Examiner)
NEW YORK — Ratings agencies split Monday over how to evaluate $250 million note in notes from MeadWestvaco Corp., which makes paper and plastic products, with one agency giving it an investment-grade rating and another labeling it "junk."
National Association of Real Estate Investment Trusts spent $470,000 lobbying in 2nd quarter (The San Francisco Examiner)
WASHINGTON — The National Association of Real Estate Investment Trusts spent $470,000 in the second quarter to lobby on taxation and other issues, according to a recent disclosure report.
India Plans ‘Simpler’ Mining Law to Boost Investment (Update1) (Bloomberg)
Aug. 18 (Bloomberg) -- India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help double mining’s contribution to the nation’s $1.2 trillion economy to at least 4 percent.
CLP’s Profit Misses Estimates on Solar Investment (Update2) (Bloomberg)
Aug. 18 (Bloomberg) -- CLP Holdings Ltd. , Hong Kong’s biggest electricity supplier, posted a first-half profit that missed analysts’ estimates because of lower earnings in the city and a provision for its Australian solar power investment.
Gold Gains as Biggest Drop Since June Boosts Investment Appeal (Bloomberg)
Aug. 18 (Bloomberg) -- Gold rebounded as the dollar declined and after the biggest drop in more than two months boosted the metal’s appeal as an alternative investment.
Saudi Arabia- Leading the Investment Banking Field (MENAFN)
Saudi Arabia- Leading the Investment Banking Field
China-ASEAN Investment Agreement Signed, (Tax-News.com)
On August 15, China and the Association of Southeast Asian Nations (ASEAN) signed an investment agreement, having already signed goods and services free trade agreements (FTAs) in 2005 and 2007, respectively.
Gold Gains as Biggest Drop This Month Boosts Investment Appeal (Bloomberg)
Aug. 18 (Bloomberg) -- Gold rebounded as the dollar declined and after the biggest drop this month boosted the metal’s appeal as an alternative investment.
2 investment advisors recommend PedMed Express (Miami Herald)
PetMed Express, the Pompano Beach pet supply company, has received strong recommendations from investment advisors at Motley Fool and TheStreet.com.
Biggest investment deal in Oz signed (Sky News Australia)
A Chinese resource company has signed the biggest investment deal ever made in Australia, that the Government says will create six thousand jobs.
Terminator producers file suit against investment firm (Hollywood.com)
The producers of Terminator Salvation have launched legal action against an investment company for allegedly double-crossing them during talks to secure financing for the sci-fi film.
UPDATE: QIA Mulling Investment In Polish Shipyards (Nasdaq)
WARSAW -(Dow Jones)- The Qatari government has notified its Polish counterpart that state-controlled Qatar Investment Authority is prepared to study investing in two Polish shipyards and possibly to close any deal by end-August, said Polish Treasury Minister Aleksander Grad.
China foreign investment falls 35.7pc in July (Business Times (Malaysia))
BEIJING: The fall in China’s foreign direct investment accelerated in July, the tenth straight month of decline amid the global economic downturn, the Commerce Ministry said yesterday.
Government approves 10 foreign investment proposals (Calcutta News)
The government Tuesday cleared 10 foreign direct investment (FDI) proposals worth Rs.1,123 crore ($230.5 billion), including one by DishTV to raise Rs.750 crore through convertible bonds.
Apollo Investment closes public offering of stock (AP via Yahoo! Finance)
Apollo Investment Corp. said Tuesday it raised $173 million in net proceeds from the public offering of stock, which has closed.
AIG’s Benmosche Scuttles Auction of Investment-Adviser Unit (Bloomberg)
Aug. 18 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., pulled the auction of an investment-adviser unit after Chief Executive Officer Robert Benmosche decided it complemented retirement operations.
Andreessen fund's 1st investment has familiar ring (AP via Yahoo! News)
A new fund managed by Web browser pioneer Marc Andreessen and his longtime confidant Ben Horowitz is treading familiar ground with its first investment — a high-tech startup already tied to the two partners.
Myer to Hear Investment Bank Pitches Tomorrow, Review Reports (Bloomberg)
Aug. 19 (Bloomberg) -- Australian investment banks will start formally pitching tomorrow for an advisory role on the Myer float, the Australian Financial Review reported, without saying where it got the information.
Dubai World Reconsiders Malaysian Maritime Investment, MMC Says (Bloomberg)
Aug. 19 (Bloomberg) -- Dubai World, the government-owned investment group, is reconsidering its investment in a proposed 16 billion ringgit ($4.5 billion) Malaysian maritime centre with MMC Corp.
Investment to stay at forefront of gold demand-WGC (Reuters via Yahoo! UK & Ireland News)
Investment is likely to continue making up the lion's share of gold demand this year, the World Gold Council's investment research manager said, after it surged in the first half of 2009 to almost 50 percent of consumption.
Live chat: Savvy investment tips for you (rediff.com)
Are you always at a loss while planning your finances? Are you aware of the investment options available in the market? How best can you plan your finances?
Macquarie to buy Delaware Investment for $428 mln (Reuters via Yahoo! Philippines News)
SYDNEY, Aug 19 (Reuters) - Macquarie Group Ltd , Australia's top investment bank, agreed to buy a U.S.-based asset manager Delaware Investments for $428 million, Macquarie said in a statement on Wednesday.
Predicting Investment Losses (Investopedia)
No one wants to lose money, but risk-free investments do not yield much. Over time, leaving your money in the bank is not a profitable investment method. This means that investors must be willing to not necessarily lose capital, but to see their investments drop below cost for certain periods.
(AFX UK Focus) 2009-08-19 09:31 UPDATE 1-Macquarie to buy Delaware Investment for $428 mln (Interactive Investor)
SYDNEY, Aug 19 (Reuters) - Macquarie Group Ltd, Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash, continuing a trend in consolidation in the fund management business. Macquarie, which has weathered the global financial crisis better than its global peers, has been on the lookout for acquisitions, taking advantage of the falling asset ...
Gold Falls in London as Stronger Dollar Curbs Investment Demand (Bloomberg)
Aug. 19 (Bloomberg) -- Gold fell in London as a stronger dollar curbed demand for the precious metal as an alternative investment. Silver dropped to the lowest price this month.
Gold Demand Trends Q2 2009 - Investment Demand to Stay at Forefront of Gold Demand (GoldSeek.com)
The World Gold Council reports today (please see link below) that investment demand is to remain at the forefront of gold demand. While demand for gold jewellery is down sharply in recent months, demand from the investment sector was strong and central banks became net buyers of gold again.
Chinese, Thai businessmen agree on bilateral trade, investment projects (Thailandnews.net)
BANGKOK, Aug. 19 (Xinhua) -- Chinese investors from Henan province of China and Thai businessmen made agreements on nine trade and investment projects worth 827 million U.S. dollars, Thanakorn Seribur...
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 $1.38 or .9 percent, to $159.10. Morgan Stanley fell $.26 or .9 percent, to $28.52.
Kellogg Foundation investment chief retiring (Battle Creek Enquirer)
Paul Lawler, vice president and chief investment officer for the W.K. Kellogg Foundation, is planning to retire this month after 12 years with the philanthropic organization. Lawler manages the foundation's investment portfolio.
Chinese, Thai businessmen agree on bilateral trade, investment projects (Thailandnews.net)
Chinese investors from Henan province of China and Thai businessmen made agreements on nine trade and investment projects worth 827 million U.S. dollars, Thanakorn Seriburi, the chairman of the Thaila...
RHJ International Investment Portfolio EUR890 Million At End July 09 (Nasdaq)
BRUSSELS -(Dow Jones)- Belgian investment company RHJ International's investment portfolio was worth EUR890 million at the end of July, up slightly from EUR884 million at the end of March, the company said in a trading update.
Australia's Macquarie to buy US investment firm (AFP via Yahoo! UK & Ireland Finance)
Australia's biggest investment bank Macquarie Group said Wednesday it has agreed to buy US investment firm Delaware Investments for 428 million US dollars in cash.
Australia's Macquarie to buy US investment firm (AFP via Yahoo! News)
Australia's biggest investment bank Macquarie Group said Wednesday it has agreed to buy US investment firm Delaware Investments for 428 million US dollars in cash.
Macquarie to Buy Delaware Investment for $428 Million (Update2) (Bloomberg)
Aug. 19 (Bloomberg) -- Macquarie Group Ltd. , Australia’s biggest investment bank, agreed to buy Delaware Investments from Lincoln Financial Group for $428 million in cash to expand its asset management business.
Empire Resorts to get $55 million investment (AP via Yahoo! News)
Struggling gaming company Empire Resorts Inc. said Wednesday it will receive $55 million in new capital from investment company Kien Huat Realty III Ltd. in exchange for stock representing just under 50 percent of Empire's voting power.
Morgan Stanley’s Zhao, Sun Leave China Investment Banking Team (Bloomberg)
Aug. 19 (Bloomberg) -- Morgan Stanley announced the departures of Betty Zhao and George Sun, two of its senior investment bankers for China. Zhao, formerly with Credit Suisse Group AG, has left the New York-based bank and Sun, a former HSBC Holdings Plc banker, has resigned, said Nick Footitt , a Hong Kong-based spokesman for Morgan Stanley.
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 fell $.55 or .3 percent, to $159.93.