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Investment News 09/2009 (Page 5)



DundeeWealth makes strategic investment in CNSX Markets (Investment Executive)
DundeeWealth Inc. has made a strategic investment in CNSX Markets Inc., the company announced on Monday. CNSX Markets, a privately held Canadian company, operates two markets: the Canadian National Stock Exchange and Pure Trading.
China to strengthen management over usage of central budget funds in investment program (People's Daily)
China is to further strengthen management over the use of central budget funding in construction investment programs, the Ministry of Finance (MOF) said Monday. The move aims to make better use of the funding to shore up China's economy and yield better economic returns, the ministry said. Relevant government departments have been asked to accelerate the allocation of funding to construction ...
DundeeWealth makes a 'strategic' investment in CNSX Markets (National Post)
Toronto-based wealth management company DundeeWealth Inc. announced Monday it has made a "strategic" investment in alternative exchange CNSX Markets.
FACTBOX-Investment banks in carbon trading (Reuters via Yahoo! Philippines News)
Sept 14 (Reuters) - Investment banks are chasing opportunities in a $126 billion carbon market as the U.S. Senate considers a federal climate bill that would launch a cap and trade scheme.
AES shares briefly rise to 1-year high on report Chinese investment arm weighs buying stake (The San Francisco Examiner)
COLUMBUS, OHIO — Shares of AES Corp. briefly rose to a 52-week high on Monday on a published report that China's investment arm is interested in buying a stake in the U.S. utility company and power plant developer.
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 $3.01 or 1.7 percent, to $177.71.
Dubai’s Investment Arm Struggles With Debt (New York Times)
The unit of the government-owned Dubai World conglomerate is said to have frozen its investment activity and laid off about 20 percent of its staff.
Foreign investment in China up 7 percent (AP via Yahoo! Finance)
Foreign direct investment in China rebounded in August, rising 7 percent from a year earlier after plunging over the previous two months, the Commerce Ministry reported Tuesday.
Foreign investment in China up 7 percent (Newsday)
BEIJING (AP) — Foreign direct investment in China rebounded in August, rising 7 percent from a year earlier after plunging over the previous two months, the Commerce Ministry reported Tuesday. Investment in manufacturing and other nonfinancial assets totaled $7.5 billion in August, ministry spokesman Yao Jian said at a news conference. The figure does not include stocks and other financial ...
Foreign Direct Investment in China Starts to Climb (Update2) (Bloomberg)
Sept. 15 (Bloomberg) -- Foreign direct investment in China climbed for the first time in 11 months in August, aiding government efforts to sustain the nation’s economic recovery.
Foreign Direct Investment in China Jumped in August (Update3) (Bloomberg)
Sept. 15 (Bloomberg) -- Foreign direct investment in China, sapped by the global financial crisis, climbed for the first time in 11 months in August from a year earlier as the nation’s economic recovery gathered pace.
Gold May Advance as Dollar’s Weakness Fuels Investment Demand (Bloomberg)
Sept. 15 (Bloomberg) -- Gold, little changed in Asian trading, may climb as the dollar neared its lowest level against the euro this year, bolstering demand for the precious metal as an alternative investment.
Foreign direct investment up in August in China (AFP via Yahoo! News)
Foreign direct investment in China rose seven percent year-on-year in August, snapping 10 straight months of declines, the commerce ministry said Tuesday.
Foreign investment in China rises (BBC News)
Foreign investment in China rose by $7.5bn in August, the first increase in 11 months, official figures show.
Pakistan’s Foreign Direct Investment Declines 57% in Two Months (Bloomberg)
Sept. 15 (Bloomberg) -- Pakistan’s overseas direct investment declined 57 percent in the first two months of the fiscal year started July 1. Investment in July-August period fell to $351.4 million from $824.7 million a year ago, according to data on the Web site of the Karachi-based State Bank of Pakistan . Overseas investors bought a net $60.8 million of Pakistani stocks in the two months ...
Dubai Investment Arm Struggles With Debt Load (New York Times)
One of Dubai’s most prominent investment funds is in talks with its bankers about refinancing its swollen debt burden after a steep fall in the value of its assets, the New York Times’ Landon Thomas Jr. writes.
Electric Sports-Car Maker Tesla Gets $82.5 Million Investment (Bloomberg)
Sept. 15 (Bloomberg) -- Tesla Motors Inc., maker of an electric sports car that can accelerate to 60 miles per hour in 3.9 seconds, received an $82.5 million equity investment from a group led by Fjord Capital Management.
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 $1.32 or .7 percent, to $176.39. Morgan Stanley fell $.18 or .6 percent, to $28.57.
NY investment manager found dead in Mass. (San Francisco Chronicle)
Massachusetts investigators say James S. McDonald, president and chief executive of investment management firm Rockefeller & Co., has died of an apparently self-inflicted gunshot wound. A spokesman for the Bristol district attorney's office says the 56-year-... Sponsored Topics: District attorney - Law - United States - Law Enforcement - Prosecuting Attorneys
NY investment manager found dead in Mass. (AP via Yahoo! News)
Massachusetts investigators say James S. McDonald, president and chief executive of investment management firm Rockefeller & Co., has died of an apparently self-inflicted gunshot wound.
NY investment manager found dead (New York Post)
BOSTON -- Massachusetts investigators say James S. McDonald, president and chief executive of investment management firm Rockefeller & Co., has died of an apparently self-inflicted gunshot wound. A spokesman for the Bristol district attorney's office...
NY investment manager found dead in Mass. (AP via Yahoo! News)
James S. McDonald, president and chief executive of investment management firm Rockefeller & Co., has died of an apparently self-inflicted gunshot wound, Massachusetts authorities said Tuesday.
NY Investment Manager Found Dead in Mass. (ABC News)
President and CEO of investment manager Rockefeller & Co. found dead in Mass.
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 $1.05 or .6 percent, to $176.66. Morgan Stanley fell $.01 or percent, to $28.74.
SKorea seeks foreign investment to bolster recovery (AFP via Yahoo! Asia News)
South Korea plans to ease regulations to attract more overseas investment and stimulate weak domestic demand, the Ministry of Strategy and Finance said Wednesday.
South Korea to ease foreign investment regulations (The West Australian) (The West Australian)
South Korea plans to ease regulations to attract more overseas investment and stimulate weak domestic demand, the Ministry of Strategy and Finance says.
Rockefeller investment chief dies (Boston Herald)
The head of a New York-based investment firm handling the wealth of the Rockefeller family and other uber-rich individuals apparently took his own life over the weekend behind...
S. Korea seeks investment (Straits Times)
SEOUL - SOUTH Korea plans to ease regulations to attract more overseas investment and stimulate weak domestic demand, the Ministry of Strategy and Finance said on Wednesday. The economy is recovering from the global downturn thanks largely to government stimulus measures, but the ministry said these were unsustainable in the long term.
Sub-Saharan African Countries to Establish Investment Funds (Bloomberg)
Sept. 16 (Bloomberg) -- Countries attending an investment forum in the Beninese capital, Contonou, will today draw up plans to start investment funds to spur economic growth and investment in sub-Saharan Africa.
Conservatives Say Brown Weighed Cuts as He Pledged Investment (Bloomberg)
Sept. 16 (Bloomberg) -- U.K. Conservative leader David Cameron said Prime Minister Gordon Brown was considering a 9.3 percent cut in public spending even as he was promising that his Labour government would keep investment growing.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.98 or .6 percent, to $177.64. Morgan Stanley rose $.11 or .4 percent, to $28.85.
Investment consultant jailed for groping 'comatose' woman (Daily Telegraph)
A judge warned of the dangers of ''office binge drinking'' as he jailed an investment consultant Justin von Tunzelman for 30 months for stripping and groping a ''comatose'' woman after a cocktail party.
TA Investment declares unit split for two funds (The Edge Daily)
KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a unit split of 1:10 (one additional unit for every ten units held) for unitholders of TA Dana Fokus (TADF) for its financial year ending Apr 30, 2010, and TA Comet Fund (TACF) for its financial year ending Sept 30, 2009.
President Mugabe calls for investment in Zimbabwe (Newsday)
HARARE, Zimbabwe (AP) — President Robert Mugabe told businessmen Wednesday that their potential investments in Zimbabwe would be safe, while the finance minister announced the country is $5.7 billion in debt. Mugabe, opening a two-day meeting on investment in the once vibrant mining industry, said that Zimbabwe's unity government has made "satisfactory progress" in creating a conducive ...
President Mugabe calls for investment in Zimbabwe (Channel 8 San Diego)
President Robert Mugabe says Zimbabwe's unity government has made "satisfactory progress" in creating a conducive environment for investment.
President Mugabe calls for investment in Zimbabwe (San Francisco Chronicle)
President Robert Mugabe told businessmen Wednesday that their potential investments in Zimbabwe would be safe, while the finance minister announced the country is $5.7 billion in debt. Mugabe, opening a two-day meeting on investment in the once vibrant mining... Sponsored Topics: Zimbabwe - Robert Mugabe - Africa - List of Presidents of Zimbabwe - Society and Culture
TA Investment announces unit split for 2 funds (Business Times (Malaysia))
TA Investment Management Bhd has declared a unit split for unitholders of TA Dana Fokus (TADF) and TA Comer Fund (TACF) for their year ending April 30 2010 and year ending September 30 2009 respectively. The split of one additional unit for every 10 units held was due to the funds' performances that had moved their unit pricing above the initial offer period level. The last entitlement date for ...
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $1.31 or .7 percent, to $177.97. Morgan Stanley rose $.71 or 2.5 percent, to $29.45.
Iraq leader seeks investment as rockets fall (Reuters via Yahoo! News)
Iraq's prime minister appealed for more foreign investment in the country Wednesday even as rocket attacks on key installations highlighted continuing security problems.
Citi could repay $20B government investment: CEO (Market Watch)
Citigroup Inc. could easily repay a $20 billion preferred investment from the government, but the bank must show it can raise new capital from private investors first, Chief Executive Vikram Pandit said Wednesday.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $3.21 or 1.8 percent, to $179.87. Morgan Stanley rose $1.41 or 4.9 percent, to $30.15.
Telluride Economic Summit on Early Childhood Investment (BusinessWeek)
Next week I'm going to be a keynote speaker at the Telluride Economic Summit on Early Childhood Investment. It's a very important topic: economic research shows without a doubt that spending money on kids in their early years has a really high payoff. As James Heckman wrote in a 2007 paper: ...
Man gets nearly 20 years for investment fraud (San Francisco Chronicle)
A Northern California man was ordered to serve nearly 20 years in prison for an investment scheme that federal prosecutors say financially devastated dozens of victims. Stefan Wilson was ordered to serve 19 years and eight years Tuesday after pleading guilty... Sponsored Topics: Northern California - Stefan Wilson - United States - California - Securities fraud
Man gets nearly 20 years for investment fraud (San Diego Union-Tribune)
A Northern California man was ordered to serve nearly 20 years in prison for an investment scheme that federal prosecutors say financially devastated dozens of victims.
City of St. Paul, Merrill Lynch reach agreement over risky investment (Minneapolis-St. Paul Star Tribune)
St. Paul will get most of its money back from a brokerage firm that the city sued last year, alleging that the company misled the city into making an unauthorized, risky investment that went bust.
Biden Presses Iraqi Leaders on Improving Investment Climate (Bloomberg via Yahoo! News)
Sept. 17 (Bloomberg) -- Vice President Joe Biden is pressing Iraq’s leaders to take up economic reforms in addition to settling political differences to create a more stable climate in the country that will draw in business investment.
Biden Presses Iraqi Leaders on Improving Investment Climate (Bloomberg)
Sept. 17 (Bloomberg) -- Vice President Joe Biden is pressing Iraq’s leaders to take up economic reforms in addition to settling political differences to create a more stable climate in the country that will draw in business investment.
Australian Senate Panel Backs Current Foreign Investment Laws (Nasdaq)
CANBERRA -(Dow Jones)- Existing laws covering foreign investment were broad enough to protect Australia's interests, Senator Alan Eggleston, chairman of the Senate economic reference committee, said Thursday.
An Investment Bet: Going Small and Green (New York Times)
WHEN Jeffrey A. McDermott left the Swiss financial giant UBS two years ago, he was one of three co-heads of investment banking, overseeing deal makers across a range of industries.
RWE Discusses Investment by Sovereign Fund, Handelsblatt Says (Bloomberg)
Sept. 17 (Bloomberg) -- RWE AG said an investment by an Arabian sovereign wealth fund is “a possibility,” Germany’s Handelsblatt newspaper reported today.