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Investment News 08/2009 (Page 7)



Empire Resorts to get $55 million investment (San Francisco Chronicle)
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. The funds will come in... Sponsored Topics: Empire Resorts - Investment company - Company - Business - Investing
Key and Rudd announce investment screening thresholds (NZPA via Yahoo!Xtra News)
The New Zealand and Australian governments have agreed to raise the screening thresholds for trans-Tasman investment.
Thailand opens third investment-luring office in China (Thailandnews.net)
Bangkok - Thailand has opened a third investment office in China, based in the southern city of Guangzhou, to try to lure more Chinese investment, the Board of Investment said Thursday. "Its strategic...
Christie’s Scraps Plans for Art-Investment Fund, Loan Division (Bloomberg)
Aug. 20 (Bloomberg) -- Christie’s International has scrapped plans to start an art-investment fund and a lending division, according to two people involved with the projects. The move is another sign that the global economic slump is hurting the once-booming art market.
AIIMAN tells investors to diversify investment (Business Times (Malaysia))
INVESTORS should diversify their investments, striking a balance in the bond and equity markets for long-term stable returns, according to Asian Islamic Investment Management Sdn Bhd (AIIMAN).
Thailand opens third investment-luring office in China (The Nation - Thailand's English news)
The Board of Investment has opened office in Guangzhou, as the third office in China, to lure more Chinese investment.
Christie’s Scraps Plans for Art-Investment Fund, Loan Division (Bloomberg)
Aug. 20 (Bloomberg) -- Christie’s International has scrapped plans to start an art-investment fund and a lending division, according to two people involved with the projects. The move is another sign that the global economic slump is hurting the once-booming art market.
HwangDBS IM: Bonds gaining popularity as a core investment asset class (The Edge Daily)
KUALA LUMPUR: HwangDBS Investment Management (HwangDBS IM) has sold over RM410 million worth of five fixed income funds as of last Wednesday and sees the uncertainty in the financial climate as opportunities for investors to put more money into the asset class.
15-17.10 INTERNATIONAL INVESTMENT FORUM OF TURKMENISTAN (The Moscow Times)
15-17 October 2009. On behalf of Organising Committee – Turkmenistan Chamber of Commerce and Industry and IC Energy we have the great pleasure of inviting your to participate in Turkmenistan International Investment Forum that will take place in the Exhibition Palace “Sergi Koshgi”, Ashgabat, Turkmenistanbetween the 15 th and 17 th of October 2009.
Into the mind of investment strategists (BigPond News)
George Boubouras explains what key investment strategists are thinking in 2009.
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 $1.43 or .9 percent, to $161.36. Morgan Stanley rose $.32 or 1.1 percent, to $29.15.
DoCoMo Expects Profits from Indian Investment Within Three Years (Cellular-News.com)
Japan's NTT DoCoMo expects that its Indian joint-venture with Tata Teleservices (TTSL) to start being operationally profitable within the next three years - and hasn't ruled out increasing its investment in the Indian market.
Switzerland Earns SF1.2 Billion From Sale of UBS Investment (Bloomberg)
Aug. 20 (Bloomberg) -- The Swiss government made a profit of 1.2 billion francs ($1.1 billion) from selling its investment in UBS AG , the country’s biggest bank, a day after agreeing to release data to the U.S. on clients suspected of evading taxes.
Foreign Investment in City Plummets (St. Petersburg Times)
The volume of foreign investment into St. Petersburg’s economy fell to $1.4 billion from January to June — 35 percent less than the same period last year, Kommersant daily reported Thursday.
College investment could bring billions to S.C., study says (The Times and Democrat)
A greater investment in higher education would bring 44,000 additional jobs and billions of new dollars to the state, according to a study conducted by the University of South Carolina’s Darla Moore School of Business.
KYEC announces Taiwan Memory investment (Digi Times)
Logic IC and memory testing house King Yuan Electronics Company (KYEC) announced on August 20 that its board of directors has approved the investment in Taiwan Memory Company (TMC) with up to NT$300 million (US$9.1 million), making it the second Taiwan-based company to show the support of TMC.
Labour says investment threshold lift a bad move (NZPA via Yahoo!Xtra News)
The decision to lift the threshold for trans-Tasman investment to more $500 million for Australians investing in New Zealand goes too far, Labour's Associate Finance spokesman David Parker said today.
CI: Ratings action for the Saudi Investment Bank (MENAFN)
CI: Ratings action for the Saudi Investment Bank
Sector Investment Raises $16.5 Million for Gold Fund, CEO Says (Bloomberg)
Aug. 21 (Bloomberg) -- Sector Investment Managers Ltd. , which runs the Junior Oils Trust, raised about 10 million pounds ($16.5 million) for a metals fund focused on gold equities, Chief Executive Officer Angelos Damaskos said.
BIA briefed on investment opportunities in Sabah (Borneo Bulletin)
KOTA KINABALU - A delegation from the Brunei Investment Agency (BIA), an investment arm of the Brunei government was briefed on the investment opportunity under the Sabah Development Corridor (SDC) in Kota Kinabalu.
Russia’s Foreign Direct Investment Tumbles 45% in First Half (Bloomberg)
Aug. 21 (Bloomberg) -- Russia’s foreign direct investment plummeted an annual 45 percent to $6.1 billion in the first six months of the year as the economy of the world’s biggest energy producer contracted at a record pace.
Georgian Economy Minister Fired for Failing to Boost Investment (Bloomberg)
Aug. 21 (Bloomberg) -- Georgian Prime Minister Nika Gilauri fired Lasha Zhvania , his economic development minister, for failing to increase investment in the former Soviet republic.
Russia’s Foreign Direct Investment Falls Record 45% (Update2) (Bloomberg)
Aug. 21 (Bloomberg) -- Russia’s foreign direct investment plummeted an annual 45 percent, the most on record, to $6.1 billion in the first six months of the year as the economy of the world’s biggest energy producer contracted at a record pace.
GetFugu Retains Cresta Capital as Its Investment Banker and Engages Marcum LLP as Its Independent Auditor (dBusinessNews.com)
SAN FRANCISCO -- GetFugu, Inc. , www.getfugu.com , the next generation mobile search tool, has retained Cresta Capital Strategies, LLC, of Melville, New York, as its exclusive investment banker and Marcum LLP as its independent registered public accountants (taking effect with the Company's filing of its Form 10-Q for the quarter ending June 30, 2009).
China, ASEAN Sign Investment Agreement (Journal of Commerce Online)
China and the 10-nation Association of Southeast Asian Nations signed a bilateral investment agreement Thursday, signaling that the China-ASEAN Free Trade Agreement the two sides signed earlier to cover trade in goods and services can now be implemented on schedule next January.
Select Comfort opposes Clinton Group investment (AP via Yahoo! Finance)
Bed maker Select Comfort Corp. on Friday opposed additional investment from the Clinton Group Inc., which has been advocating for changes at the company.
CUTA calls for dedicated transit investment (Metro Magazine)
As part of this year's pre-budget consultations, the Canadian Urban Transit Association (CUTA) submission to the House of Commons Standing Committee on Finance called for long-term dedicated transit investment as a strategy to meet current and future needs related to infrastructure expansion and renewal, as well as the creation of new transit systems.
Iranian official: $80b foreign investment a year needed (Payvand Iran News)
To achieve the objectives of the 20-Year Outlook Plan (to end 2021), $80 billion of foreign investment is required a year, Iran Privatization Organization (IPO) director said.
FCC to Open Inquiry on Ways to Support Wireless Innovation, Investment (MultiChannel News)
The FCC plans to open an inquiry into ways it can "support and encourage further innovation and investment" in the wireless space, combined with new data collection for its annual report on the status of competition in the mobile wireless market.
Investment changes will make NZ poorer (Newstalk ZB via Yahoo!Xtra News)
The Government is under fire from the Opposition, over its decision to lift trans-Tasman investment thresholds.
Bangkok Post : VIETNAM SUCCESSFULLY MAINTAINS ITS INVESTMENT APPEAL (Bangkok Post - Thailand's English news)
For the past decade, Vietnam has been one of the most attractive countries for investment, with its fast-growing economy, large and inexpensive workforce, abundant resources and raw materials, as well as privileges for investors. Despite drawbacks such as lack of infrastructure, the determined government has managed to lure large investors with generous tax benefits and other incentives.
S Africa, U.S. discuss trade and investment issues (People's Daily)
South African Deputy Minister for International Relations and Cooperation Ebrahim Ebrahim, met with a U.S. congressional delegation on Thursday to discuss trade and investment issues, BuaNews reported on Friday. The congressional delegation is on a three-day visit to South Africa which follows the recent visit by U.S. Secretary of State Hillary Clinton. According to departmental spokesperson ...
$80b foreign investment a year needed: official (Zawya)
22 August 2009 TEHRAN -- To achieve the objectives of the 20-Year Outlook Plan (to end 2021), $80 billion of foreign investment is required a year, Iran Privatization Organization (IPO) director said.
Car industry celebrating improved figures and major investment at components firm (icWales)
THERE was good news for the Welsh car industry last night, with improved production figures and an £11.4m investment at a components factory.
Emirates NBD appoints Chief Investment Officer for Private Banking (Zawya)
Emirates NBD, the region's top bank in terms of assets, announces the appointment of Mr. Gary Dugan, a renowned and respected UK financial industry expert as the new Chief Investment Officer (CIO) for its Private Banking division.
Workplace Obesity Interventions Must Be Inexpensive To Generate A Return On Investment (Medical News Today)
At work, obesity interventions must focus on low-cost policy or environmental changes to generate a return on investment, according to a new study by researchers at RTI International and the Centers for Disease Control & Prevention.
Indian investment in Saudi Arabia tops $1.09b (MENAFN)
Indian investment in Saudi Arabia tops $1.09b
China's insurance funds investment top 120 bln yuan in July (People's Daily)
China's insurance capital investments hit 2.45 trillion yuan (358 billion U.S. dollars) in the first seven months of this year, according to the country's insurance regulator. In July alone, the investments from insurance funds stood at 120.4 billion yuan, China Insurance Regulatory Commission (CIRC) said in a report on its website. Of the total insurance investment value, about 332 billion ...
Transnet confident of investment (News 24 South Africa)
Transnet wants to press ahead with its R80bn investment programme despite the ongoing economic recession which has forced peers to ice ambitious expansion plans.
Melita plans further expansion after €50m investment (Times of Malta)
Melita's Madliena station - the company plans to expand further following the completion of its €50 million group-wide investment programme. Photo: Jason Borg
Foreign direct investment plans in S. Korea jump (Reuters via Yahoo! Singapore News)
SEOUL, Aug 23 (Reuters) - Planned foreign direct investments in South Korea rose 32.4 percent in the January-July period, led by Japanese companies, the largest amount for the period since 2000, the economy ministry said on Sunday.
(AFX UK Focus) 2009-08-23 10:27 Foreign direct investment plans in S. Korea jump (Interactive Investor)
SEOUL, Aug 23 (Reuters) - Planned foreign direct investments in South Korea rose 32.4 percent in the January-July period, led by Japanese companies, the largest amount for the period since 2000, the economy ministry said on Sunday. A weaker won currency and faster-than-expected recovery in the South Korean economy had boosted foreign investment pledges in the country to $6.8 billion in the ...
Anpha Capital chases cash for new investment fund (Việt Nam News)
HCM CITY — Fund management company Anpha Capital has begun to raise capital for a new investment fund, targeting both local and international investors, according to chairman Bui Cong Giang.
Veteran Investment Professionals from Vanderbilt University Join Diversified Trust Company (dBusinessNews.com)
MEMPHIS--Diversified Trust Company announced that William T. Spitz and Carol B. Womack have joined its Nashville office as principals.
Indian investment in Saudi Arabia crosses $1bn (Central Chronicle)
United News of India Dubai, Aug 23: Indian investment in Saudi Arabia has exceeded 1.09 billion dollars in about 184 projects and is on the upswing, according to Owais Ahmad, President, Indian Business Forum (IBF), an apex non-profit organisation of Indian businessmen in the kingdom.
Changes made to trans-Tasman investment rules (3news)
Mark Brighouse of Brook Asset Management joins Michael Wilson in the studio to discuss changes to trans-Tasman investment rules and the New Zealand reporting season.
Foreign Investment Declines 45% in H1 (The Moscow Times)
Foreign direct investment plummeted an annual 45 percent, the most on record, to $6.1 billion in the first six months of the year as the economy contracted at a record pace, the State Statistics Service said Friday.
David Boal, one of the executives who left Bank of Ireland Asset Management to form a boutique investment house in ... (eFinancial News)
David Boal, one of the executives who left Bank of Ireland Asset Management to form a boutique investment house in 2005, has been hired by Credit Suisse to push its alternative offering to institutional investors.
Cornell's School of Hotel Administration partners with HVS on South American Hotel & Tourism Investment Conference (Hospitality Net)
Cornell University's School of Hotel Administration will sponsor the second annual South American Hotel & Tourism Investment Conference (SAHIC), which will be held September 14 and 15, 2009, at the Sofitel Rio de Janeiro, Brazil. More than 500 of the most influential players in the hotel investment industry are expected to gather at this meeting, which is structured after the major international ...
Fast Arcano promises return on investment (Independent)
As an investment opportunity, Sheikh Hamdan's purchase of the two-year-old Arcano three weeks ago would have the dragons salaaming in their den.