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Investment News 09/2009 (Page 7)



RAN Scientific Analysis Launches Service to Help Venture Capitalists Make More Informed Investment Decisions (PRWeb)
"Run it by RAN" - RAN Invites Venture Capitalists and Concept Developers to Run Their Technological Innovations By RAN's Team of Experienced Scientists for Independent, Unbiased, Confidential, Second-Party Scientific Review, Analysis And Validation Prior To Further Investment of Time And Money. (PRWeb Sep 21, 2009) Read the full story at (link) 09 ...
Foreign investment in real estate drops (Việt Nam News)
HA NOI — Real estate development lured US$1.86 billion in foreign investment in the first eight months of this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Call for investment in the arts (BBC News)
London mayor Boris Johnson and Old Vic artistic director Kevin Spacey call for continued investment in the arts during the recession.
Call for investment in the arts (BBC News)
London mayor Boris Johnson and Old Vic artistic director Kevin Spacey call for continued investment in the arts.
RBS Names Xiang, Yin Co-Heads of China Investment Banking (Bloomberg)
Sept. 21 (Bloomberg) -- Royal Bank of Scotland Group Plc said it appointed Joe Xiang and Raymond Yin as co-heads of China investment banking. Jinfeng Ben was named head of local corporates for China, RBS said in an e-mailed statement.
Corzine insists hedge fund investment isn't tied to gaming (The Record and Herald News)
Governor Corzine on Sunday defended his investment in a private hedge fund as Republicans accused him of a conflict of interest with the state-regulated casino industry.
N.J. Governor Criticized Over Hedge Fund Investment (New York Times)
Jon S. Corzine, the Democratic governor of New Jersey, is taking heat from some critics over an investment in hedge fund TPG-Axon , The Star-Ledger of Newark reported.
Pair of former Inco executives join Royal Nickel; company gets $21.8-million investment (The Canadian Press via Yahoo! Canada News)
TORONTO - Scott Hand and another former senior Inco executive have joined Royal Nickel Corp. as the Canadian mining company receives a C$21.8 million investment from a major Chinese metal distributor.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $.52 or .3 percent, to $182.66. Morgan Stanley rose $.04 or .1 percent, to $31.42.
Flint plant to get $21M GM investment (Lansing State Journal)
DETROIT -- General Motors Co. will invest more than $21 million in the Flint Assembly Plant to produce the 2011 Chevrolet light-duty crew cab, the company announced this morning. The investment will include renovating the existing heavy-duty assembly process and new machinery and tooling for light-duty trucks. This investment in light-duty crew cab capability enhances Flint Assemblys ...
Libyan Investment Authority to Acquire Verenex (Rigzone)
Verenex Energy Inc. Verenex and the Libyan Investment Authority (the "LIA") entered into a binding memorandum of understanding ("MOU") respecting the sale of all of the issued and outstanding shares of Verenex (on a fully-diluted basis) to the LIA at a price of $7.09 per share in cash.
Lib Dems' Vince Cable calls for creation of British Investment Bank (Daily Telegraph)
Vince Cable has called for the creation of a British Investment Bank to provide financing for national projects and investment opportunities for savers.
Regions to pay $1M penalty in investment fraud (AP via Yahoo! News)
Regions Bank has agreed to pay a $1 million penalty to settle a Securities and Exchange Commission complaint that it played a role in a long-term investment fraud that charged huge hidden fees and sales commissions to thousands of unwitting Latin American investors.
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 $.79 or .4 percent, to $182.39.
Noble to Sell $850 Million Worth of Stock to China Investment (Bloomberg)
Sept. 22 (Bloomberg) -- Noble Group Ltd. said it has agreed to sell $850 million worth of shares to China Investment Corp. for S$2.1137 each. The sale includes 135 million shares from Noble Chief Executive Officer Richard Elman, the company said in a statement to the stock exchange yesterday.
Noble to Sell $850 Million Shares to China Investment (Update1) (Bloomberg)
Sept. 22 (Bloomberg) -- Noble Group Ltd., the Hong Kong commodity trader, will sell $850 million worth of new and existing shares to China Investment Corp.
Corzine backs continuing hedge fund investment (The Record and Herald News)
Governor Corzine said he never considered withdrawing his stake in a private hedge fund when the fund’s founder bought four N.J. casinos, even as Republicans ratcheted up their criticism of Corzine’s investment.
Former investment executive pleads guilty to fraud (San Francisco Chronicle)
A former executive of a San Jose investment company is facing time in federal prison after pleading guilty to fraud and tax evasion. Federal prosecutors say Gregory Scott Dixon pleaded guilty Monday to one count of wire fraud and one count of tax evasion for... Sponsored Topics: Tax avoidance and tax evasion - Plea - Taxation - Investment company - Economic
China Investment Buys 15% Stake in Noble to Gain Commodities (Bloomberg)
Sept. 22 (Bloomberg) -- China Investment Corp., the nation’s sovereign wealth fund, bought a 15 percent stake in commodity supplier Noble Group Ltd. as it increases investments in raw materials.
Deficit shows more investment in exporting needed (NZPA via Yahoo!Xtra News)
A dramatic fall in the current account deficit indicates the economy still needs more investment in exporting, Finance Minister Bill English said today.
China Investment Corp buys Singapore's Noble Group stake for US$850m (The Edge Daily)
KUALA LUMPUR: China Investment Corporation (CIC) has bought into Singapore-listed shipping company, the Noble Group, by acquiring 573 million shares for about US$850 million at S$2.11 per share.
Foreign investment in UK falls by half (Guardian Unlimited)
Recession deterred foreign firms from doing business in Britain, and domestic firms focused on home market as the pound fell in value Britain saw inward investment slump by half last year as the recession deterred foreign companies from doing business in the UK. British firms also concentrated on their home market and overseas investment collapsed as the pound fell. The latest world investment ...
American's Bosnia wine investment a leap of faith (Reuters via Yahoo! News)
In stubbornly unstable Bosnia, Alex Kostovic's investment in vineyards requires a leap of faith, which is just as well because his minority partner is the Serbian Orthodox Church.
China Local Governments May Risk Insolvency in Investment Drive (Bloomberg)
Sept. 22 (Bloomberg) -- Chinese local governments risk insolvency by guaranteeing bank loans to investment projects, a domestic newspaper reported, citing a central bank official.
Charlton receive £7m investment (BBC News)
Charlton's good start to the season is boosted by a £7m investment from seven of their directors.
InvestEdge awarded US patent for investment management system (Finextra)
InvestEdge, a leading provider of wealth management solutions to large investment firms, was recently awarded a patent for its "Integrated Investment ...
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 $.71 or .4 percent, to $183.10. Morgan Stanley rose $.62 or 2.0 percent, to $32.23.
UBS Investment Bank's Gramm: Pay Limits On Bankers Won't Work (Nasdaq)
NEW YORK -(Dow Jones)- Efforts to limit the compensation of banking executives won't work, according to former U.S. Senator Phil Gramm, who is currently vice chairman of UBS AG's (UBS) Investment Bank division.
Your Investment Manager: Skilled Or Lucky? (Investopedia via Yahoo! Finance)
Being familiar with composite presentations will give you insight into the true quality of the investment managers performance.
Brazil Stocks, Real Rise on Moody’s Investment-Grade Rating (Bloomberg)
Sept. 22 (Bloomberg) -- Brazilian stocks rose to a 14-month high and the currency jumped after Moody’s Investors Services upgraded the country’s credit rating to investment grade.
Latin American Markets: Brazil gets new investment-grade rating; shares up (Market Watch)
Brazilian stocks log a fresh high for the year, retaining a portion of their gains after the country's debt is deemed investment grade by a key ratings agency.
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 $3.13 or 1.7 percent, to $185.52. Morgan Stanley rose $1.37 or 4.3 percent, to $32.98.
Fortress Investment Group Suspends Dividend in Q3 (Fox News)
Fortress Investment Group (FIG) said Tuesday that it will not pay a dividend to shareholders in the third quarter in an effort to reserve capital for “potential future investment opportunities and working capital purposes.”
Yale endowment has investment loss of 24.6 percet in fiscal year (Reuters via Yahoo! News)
Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.
Brazil Rating Raised to Investment Grade by Moody’s (Update3) (Bloomberg)
Sept. 22 (Bloomberg) -- Brazil’s credit rating was raised to investment grade by Moody’s Investors Service after Latin America’s largest economy built record foreign reserves and averted a prolonged recession amid the global financial crisis.
iGuiders Receives Second JumpStart Investment (redOrbit)
CLEVELAND, Sept. 23 /PRNewswire/ -- JumpStart Inc., the Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced an investment commitment of $200,000 in iGuiders, Inc.
PM emphasises more investment to US investors (The Nation - Thailand's English news)
Prime Minister Abhisit Vejjajiva, at the Investor Forum in New York, vowed more investment in infrastructure, particularly in transport, water resources and education, to increase Thailand's competitiveness.
University Funds Report Steep Investment Losses (New York Times)
Steep investment losses have caused painful cutbacks at some of the United States’s best-known universities over the most recent fiscal year and have prompted questions about whether their endowments are taking too much risk.
Moody’s rates Brazil at investment grade (Financial Times)
Brazil, for years dogged by its boom-and-bust economy, has finally won a place on the top table in the eyes of all the leading ratings agencies as it has been upgraded to investment grade status by Moody’s.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs rose $.18 or .1 percent, to $185.70. Morgan Stanley fell $.25 or .8 percent, to $32.73.
Government okays 13 foreign investment proposals (Calcutta News)
The government has approved 13 foreign investment proposals worth Rs.393.62 crore, including Sterlite Technologies' plan to issue and allot warrants valued at Rs.103.95 crore on preferential basis, an official statement said Wednesday.
Goldman investment boosts Geely's global ambitions (Business Times (Malaysia))
HONG KONG: Goldman Sachs' US$334 million (US$1 = RM3.46) investment in Geely Automobile Holdings will boost the Chinese automaker's global ambitions, including a potential bid by its parent for Ford's Volvo brand.
Axa Investment Sees Pound-Euro Parity in Six Months (Update2) (Bloomberg)
Sept. 23 (Bloomberg) -- The U.K. pound may weaken to parity against the euro in the next three to six months amid concern the government won’t rein in spending and cut its budget deficit, according to Axa Investment Managers.
Report ranks precious metals investment vehicles (Investment Executive)
Many of the investment vehicles available to Canadians interested in precious metals bullion have extraneous risk factors that separate performance from the underlying performance of bullion itself, according to a recent study.
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 $1.88 or 1.0 percent, to $183.64. Morgan Stanley fell $.95 or 2.9 percent, to $32.03.
Wuliangye Failed to Disclose Investment, Xinhua Says (Bloomberg)
Sept. 24 (Bloomberg) -- A probe by China’s securities regulator has initially found that Wuliangye Yibin Co. allegedly failed to properly disclose a stock investment made by the company and subsequent losses on the investment, the official Xinhua News Agency reported late yesterday, citing an unidentified official with the China Securities Regulatory Commission.
Wuliangye Halts After Report It Failed to Disclose Investment (Bloomberg)
Sept. 24 (Bloomberg) -- Wuliangye Yibin Co., China’s second-biggest liquor maker by market value, halted its shares in Shenzhen today after a Xinhua News Agency reported it allegedly failed to properly disclose a stock investment.
Noble Shares Gain After China Investment Corp. Buys 15% Stake (Bloomberg)
Sept. 24 (Bloomberg) -- Noble Group Ltd., a Hong Kong-based commodities supplier, climbed the most in four months in Singapore trading after China Investment Corp. bought a 15 percent stake in the company.
Did Reds make wise investment in Cordero? (Dayton Daily News)
Did Reds make wise investment in Cordero?
Chinese investment will rise (Perth Now)
RELATIONS between Australia and China remain strong and the level of Chinese investment in Australia will rise in the years ahead, despite recent hiccups.