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Investment News 08/2009 (Page 9)



FDIC revises bank investment restrictions (Reuters via Yahoo! News)
U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage investments in distressed bank assets.
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 rose $1.01 or .6 percent, to $165.95.
Norwegian hamlets sue Citigroup over investment losses (Los Angeles Times)
The towns seek $200 million, charging that the banking firm's salesmen lured them into a complicated and risky investment scheme that went sour. The 2,800 residents of this pristine village isolated on a narrow finger of the gleaming Sognefjord are embarrassed, angry and eager to get their money back. So are the townspeople of Bremanger, Hattfjelldal and Hemnes, not to mention those of Kvinesdal ...
FDIC soften bank investment restrictions (Reuters via Yahoo! News)
U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage responsible investment in distressed banks.
Australia Business Investment Unexpectedly Rises 3.3% (Update1) (Bloomberg)
Aug. 27 (Bloomberg) -- Australian business investment unexpectedly rose in the second quarter, adding to signs the nation’s economic recovery may strengthen in coming months.
Federal investment in City National Bank passes audit, officials say (Los Angeles Times)
An audit by the Treasury Department's inspector general finds no wrongdoing in the $400-million investment of bailout funds in the Los Angeles-based bank, according to people familiar with the report. An inspector general's audit has found no wrongdoing in the U.S. Treasury Department's $400-million investment of bailout funds in Los Angeles-based City National Bank, according to people familiar ...
Investment surge fuels rate talks (Perth Now)
BUSINESS investment has defied the gravitational pull of the global slowdown, fuelling bets the RBA may bring forward rate rises.
Credit Agricole Profit Gains on Improvement at Investment Bank (Bloomberg)
Aug. 27 (Bloomberg) -- Credit Agricole SA , France’s third- largest bank by market value, reported a more than doubling in second-quarter profit, beating analysts’ estimates, as losses narrowed at the investment-banking unit.
Chaucer First-Half Profit Rises on Investment Returns (Update1) (Bloomberg)
Aug. 27 (Bloomberg) -- Chaucer Holdings Plc , a Lloyd’s of London insurer that withdrew from takeover talks in June, said first-half profit rose fourfold as investment returns gained.
Business investment falls sharply in Q2  (Reuters via Yahoo! UK & Ireland News)
Business investment in Britain fell by a whopping 10.4 percent in the three months to June, its sharpest decline in 24 years and raising the risk that Q2 GDP figures could be revised down, official data showed on Thursday.
Petrobras May Increase Its Investment Plan, Estado Reports (Bloomberg)
Aug. 27 (Bloomberg) -- Petroleo Brasileiro SA may increase its five-year $174.4 billion investment plan after Brazil announces new rules for oil exploration and production in the so-called pre-salt region, O Estado de S. Paulo said.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.85 or 1.1 percent, to $164.10. Morgan Stanley fell $.11 or .4 percent, to $29.42.
University of Dayton alumnus gives $1M for investment group (BizJournals)
A University of Dayton alumnus has donated $1 million to launch an undergraduate angel investment group.
Chaucer First-Half Profit Rises on Investment Returns (Update2) (Bloomberg)
Aug. 27 (Bloomberg) -- Chaucer Holdings Plc , a Lloyd’s of London insurer that withdrew from takeover talks in June, said first-half profit rose fourfold as investment returns gained.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at noon: Goldman Sachs fell $.95 or .6 percent, to $165.00. Morgan Stanley fell $.05 or .2 percent, to $29.48.
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 $.93 or .6 percent, to $165.02.
Caltex: eyes investment opportunities in renewables (Reuters via Yahoo! Singapore News)
PERTH, Aug 28 (Reuters) - Caltex Australia Ltd , the country's top oil refiner, said on Friday it was looking at investment opportunities in the renewable sector ahead of the government's proposed carbon trading scheme.
Aquila Stock Soars On Baosteel Investment Boost (Fox News)
Aquila Stock Soars On Baosteel Investment Boost
BEI Cabut Suspensi Leo Investment (okezone)
PT Bursa Efek Indonesia (BEI) mencabut penghentian sementara (suspensi) perdagangan efek PT Leo Investment Tbk (ITTG) di seluruh pasar terhitung sejak sesi pertama perdagangan efek hari ini, Jumat (28/8/2009).
CVC Capital gives up on Japan Skylark investment (Reuters via Yahoo! Singapore News)
TOKYO, Aug 28 (Reuters) - UK Private equity firm CVC Capital Partners said it had given up its investment in Japanese restaurant chain Skylark Co, its biggest investment in the country which had been part of a management buyout -- at the time a rarity here.
MINING FINANCE / INVESTMENT (Mineweb)
Base metals companies have attracted more investment than their glamorous gold mining counterparts, thanks to China's appetite for metals and still strong investor interest.
Australia's biggest investment bank forms China trust joint venture (People's Daily)
Macquarie Group Ltd, Australia's biggest investment bank has set up a trust company joint venture in China with an initial capital of 300 million yuan (44 million U.S. dollars), reported Friday's China Daily. The Shanghai-based joint venture, Sino-Australian International Trust Co., enables the global provider of diversified financial services to offer yuan-dominated products, arrange domestic ...
Treasury Document Called AIG Investment ‘Highly Speculative’ (Bloomberg)
Aug. 28 (Bloomberg) -- The U.S. Treasury said in a draft of a presentation that its $40 billion investment in the American International Group Inc. bailout was “highly speculative.”
UBS names new head of Indonesia investment banking (Reuters via Yahoo! Malaysia News)
HONG KONG, Aug 28 (Reuters) - UBS on Friday named Rajiv Louis as head of Indonesia investment banking, effective immediately, according to an internal memo seen by Reuters.
U.K. Economy Shrank 0.7% in Second Quarter, Investment Plunges (Bloomberg)
Aug. 28 (Bloomberg) -- The U.K. economy contracted 0.7 percent in the second quarter as the recession prompted companies to cut investment and inventories while consumers scaled back spending.
Foreign investment in Vietnam stocks $5 bln-report (Reuters via Yahoo! Philippines News)
HANOI, Aug 28 (Reuters) - Foreign investment in Vietnamese stocks stands at $5 billion, including shares in commercial banks, insurance firms and major companies, an industry report said on Friday, up from $4.6 billion at the end of last year.
Treasury Document Called AIG Investment ‘Highly Speculative’ (Bloomberg)
Aug. 28 (Bloomberg) -- The U.S. Treasury said in a draft of a presentation that its $40 billion investment in the American International Group Inc. bailout was “highly speculative.”
Investment Adviser ProfitScore Capital Management Promises Hedge Fund-Like Returns In a Separate Account (Wall Street and Technology)
In an innovative approach, the investment adviser uses actively traded mutual funds to go long and short from inside a separate account to generate hedge fund-like returns.
GM Powertrain plant in Bay City to receive $37 million investment to produce Volt parts (The Flint Journal)
Bay City's GM Powertrain plant was expected to announce this morning a $37 million investment to produce engine parts for the 2011 Chevrolet Volt and Cruze electric cars. General Motors planned a press conference for 9 a.m. today at the...
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.17 or .7 percent, to $163.85. Morgan Stanley fell $.06 or .2 percent, to $29.78.
Ecuador's 1Q Foreign Direct Investment Falls 73% To $116 Million (Nasdaq)
QUITO -(Dow Jones)- Ecuador's direct foreign investment totaled $116 million in the first quarter of 2009, down 73% from the $426 million registered in the same period last year, the Central Bank said Friday.
UK biotechnology investment (the Engineer)
The UK has made its first substantial commitment to a major emerging pan-European science project with a £10m investment by the Biotechnology and Biological Sciences Research Council.
Growth in Sarawak investment portfolios tops expectations: CIMB (Business Times (Malaysia))
CIMB Private Banking said it sees Sarawak as an interesting market, but the phenomenal growth in the investment portfolios of high-net-worth individuals in Sibu was beyond its expectation.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at noon: Goldman Sachs fell $.87 or .5 percent, to $164.15. Morgan Stanley fell $.24 or .8 percent, to $29.60.
Recovery needs private investment (The Nation - Thailand's English news)
The pace of economic recovery cannot be sustained without the return of private investment, Bank of Thailand Assistant Governor Paiboon Kittisrikangwan said yesterday.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were down at the close of trading: Goldman Sachs fell $.60 or .4 percent, to $164.42. Morgan Stanley fell $.33 or 1.1 percent, to $29.51.
WLBT 3 - Jackson, MS: Rankin investment company lawsuit (WLBT 3 Jackson)
A Rankin county man is being sued for operating what plaintiffs say was an investment scheme. The victims claim they lost millions, after investing into a company called Steadivest.
Planning For A Successful Investment In Miami Real Estate (Turks.US)
The rising stability of the Miami real estate market did not go unnoticed. Property investors and homebuyers are eyes the city with interest -- the possibility of investing in a high-end property as a long term investment or in the purchase of a home for settling down in the city.
Real Estate Investment World Latin America 2009 (Business News Americas)
This event is being held at the The Biltmore, Coral Gables, Florida from the 08-SEP-09 - 10-SEP-09. Real Estate Investment World Latin America is a conference that addresses real estate investors interested in the Latin American market.
China Investment Investing Billions in Hedge Funds (Update2) (Bloomberg)
Aug. 29 (Bloomberg) -- China Investment Corp., the country’s sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, Chairman Lou Jiwei said.
Foreign Investment Reaches $27b in 2 Years (Zawya)
29 August 2009 Despite the economic crisis and decline in investment worldwide, investments in Iran have increased, deputy finance minister said. Addressing a gathering of investors, Behrouz Alishiri added, Total foreign investments in the country have risen to $27 billion during the past two years.
Foreign investment in Vietnam stocks $5 bln: report (Thanh Nien Daily)
Foreign investment in Vietnamese stocks stands at US$5 billion, including shares in commercial banks, insurance firms and major companies, an industry report said Friday, up from $4.6 billion at the end of last year.
China Investment Investing Billions in Hedge Funds (Update2) (Bloomberg)
Aug. 29 (Bloomberg) -- China Investment Corp., the country’s sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, Chairman Lou Jiwei said.
India has excellent investment climate: PM (The Times of India)
BARMER (RAJASTHAN): Oil exploration major Cairn's success story demonstrates that India is an excellent destination for foreign investment, Prime Minister Manmohan Singh said on Saturday.
India has excellent investment climate: PM (The Economic Times)
Oil exploration major Cairn's success story demonstrates that India is an excellent destination for foreign investment, Prime Minister Manmohan Singh said.
India has excellent investment climate: PM (New Kerala)
Barmer (Rajasthan), Aug 29 : Oil exploration major Cairn's success story demonstrates that India is an excellent destination for foreign investment, Prime Minister Manmohan Singh said here Saturday.
Sept. 1: Bergen County Model Investment Club (The Record and Herald News)
Bergen County Model Investment Club, meeting, 7 to 9 p.m., Public Library, 280 High St., Closter, Free. Call Elaine Huang, 845-986-3214; or e-mail [email protected]
Howard Makes Capital Investment in Mendenhall Facility and Begins LED Production (PRWeb via Yahoo! News)
Howard Lighting Products (HLP) announces its latest capital investment in their Mendenhall facility, which includes the purchase of an Amada NT Series Turret Punch press and two press brakes, as well as a long term lease agreement with Simpson county. HLP is also expanding its manufacturing capabilities by introducing LED production.
Diala receives ID460b from investment budgets (Zawya)
29 August 2009 DIALA: The Iraqi Finance Ministry approved the re-launching of 25 percent from the Diala's investment budgets for three years, hitting up to 460 billion Iraqi dinars (ID) or $393.2 million, the province governor said on Saturday.
TN attracted Rs 30,512 cr investment in 2008-09, says Stalin (The Economic Times)
One of the "favoured investment destinations" in the country, Tamil Nadu had attracted Rs 30,512 crore worth industrial investment in 2008-09, bettering the target of Rs 30,000 crore, Deputy Chief Minister M K Stalin said here today.