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Investment News 09/2009 (Page 8)



Australian Defense blocks Chinese mine investment (AP via Yahoo! Finance)
Australia's Defense Department vetoed Chinese investment in a proposed mine within an Outback missile testing range on security and safety grounds, the defense minister said Thursday.
Australia, China 'natural partners' for investment (ABC via Yahoo!7 News)
Australian and Chinese business and bureaucratic leaders have urged both countries not to allow the Stern Hu issue to damage investment ties between the two countries.
Mayor hopes Japan trip seeds investment, relationships (The Indianapolis Star)
Noblesville officials hope a trip to Japan and China earlier this month laid the groundwork for more foreign investment. Mayor John Ditslear and Economic Development Director Kevin Kelly were among the more than 50 community, corporate and state officials on Gov. Mitch Daniels' trip.
Australia welcomes China investment boom, (AFP via Yahoo! Asia News)
Australia welcomed booming Chinese investment Thursday and said it expected further growth despite recent tensions over a detained mining executive and the visit of an exiled dissident.
Ahead of the Bell: Investment Banks (AP via Yahoo! Finance)
An analyst on Thursday raised his price target for Goldman Sachs Group Inc. and said both Goldman and Morgan Stanley are poised for long-term growth amid a recovery in investment banking and brokerage businesses.
Investment crucial for Jaguar's future (BBC News)
As Jaguar Land Rover announces plans to close one of its factories in the UK, the focus is slowly shifting towards the investment required to ensure its long-term survival.
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 $.26 or .1 percent, to $183.90. Morgan Stanley fell $.37 or 1.2 percent, to $31.66.
Brakes put on Chinese investment (The Age)
The Foreign Investment Review Board says state-owned Chinese companies trying to acquire bigger stakes in Australian mining assets will face further rejections.
Egypt’s Investment Minister calls on SM Goh (Channel NewsAsia via Yahoo! Singapore News)
SINGAPORE: Egypt’s Investment Minister Dr Mahmoud Mohieldin called on Senior Minister Goh Chok Tong at the Istana on Thursday afternoon, and discussed the enhancement of economic and education cooperation between Singapore and Egypt.
Serbia: Italian businesses look at trade and investment (Adnkronos)
Serbia: Italian businesses look at trade and investment (AKI) – An Italian trade delegation has arrived in Serbia on a two-day visit to explore bilateral trade and investment. Around 100 entrepreneurs and investors arrived in the capital Belgrade on Thursday to discuss potential opportunities with Serbian partners .Italy's deputy minister for economic development, Adolfo Urso, said that trade ...
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 $.58 or .3 percent, to $183.06. Morgan Stanley fell $1.30 or 4.1 percent, to $30.73.
Australian Investment Banks Up Salaries to Lure Staff, AFR Says (Bloomberg)
Sept. 25 (Bloomberg) -- Base pay for some top earners at Australian investment banks has been doubled ahead of a global crackdown on remuneration, the Australian Financial Review said.
Q+A-How does Australia's foreign investment review work? (Reuters via Yahoo! Philippines News)
Resource-hungry Chinese firms and other foreign investors may face a 15 percent limit on their investments into Australian mining firms, according to guidelines spelled out by its Foreign Investment Review Board (FIRB), which is responsible for making recommendations on foreign takeovers.
Australian Defense blocks Chinese mine investment (Newsday)
CANBERRA, Australia (AP) — Australia's Defense Department vetoed Chinese investment in a proposed mine within an Outback missile testing range on security and safety grounds, the defense minister said Thursday. The rejection of state-owned Wugang Australia Resources Pty. Ltd.'s bid to buy half of the proposed Hawks Nest magnetite mine within the Woomera military range is the second time this ...
Dollar Strengthens on Concern G-20 May Tighten Investment Rules (Bloomberg)
Sept. 25 (Bloomberg) -- The dollar rose, set to snap a two- week decline against the euro, on speculation Group of 20 leaders will agree to tighten rules on investment, boosting demand for so-called safe-haven currencies.
China calls off investment in Australian miner (AP via Yahoo! Finance)
An Australian miner says a Chinese company has called off a multimillion-dollar investment after a government panel barred it from acquiring a majority stake.
SocGen Investment Bank Has Had Excellent 2009, La Tribune Says (Bloomberg)
Sept. 25 (Bloomberg) -- Societe Generale SA’s investment bank has had an “excellent” 2009 in terms of its recurring activities, Michel Peretie, who heads the unit, told French daily La Tribune in an interview.
Yen Strengthens on Concern G-20 May Tighten Investment Rules (Bloomberg)
Sept. 25 (Bloomberg) -- The yen rose, heading for weekly advances against the euro and dollar, on speculation Group of 20 leaders will agree to tighten rules on investment, boosting demand for so-called safe-haven currencies.
Ex-investment banker to head up QIC (Brisbane Times)
Former investment banker and Fairfax board member Peter Young appointed chairman of Queensland Investment Corporation.
MINING FINANCE / INVESTMENT (Mineweb)
Investment in new exploration projects and mine expansions in Mexico will drop 25.3% in 2009 to $2.73 billion, compared with a year ago, as the financial crisis hits credit and metals prices, the national mining chamber said on Thursday.
Q2 business investment falls (Reuters via Yahoo! UK & Ireland News)
Business investment fell 10.2 percent between April and June compared with the previous three months, revised official data showed on Friday.
Australia seeks investment limits (BBC News)
Australia's foreign investment regulator tells Chinese investors that stakes in Australian companies should be under 15%.
Investment in oil, gas exploration in E. Siberia, Yakutia to exceed 50bln rubles per year in 2011-2015 (Interfax)
KRASNOYARSK. Sept 25 (Interfax) - Investment in geological exploration for oil and gas in Eastern Siberia and Yakutia is projected at 50.5 billion rubles per year on average in 2011-2015.
Navy accepts $7M Conn. investment for sub base (Newsday)
GROTON, Conn. (AP) — Connecticut Gov. M. Jodi Rell says the U.S. Navy has accepted plans for the state to invest more than $7 million for upgrades at the submarine base in Groton. Rell joined Navy Secretary Raymond Mabus Thursday at the base for a ceremony announcing the investment. Rell says the funds will help protect the 15,000 jobs and $3 billion annual impact spurred in the region by the ...
B2B Trust kicks off investment season with loan rate sale (Investment Executive)
Third-party supplier of investment and RRSP loans B2B Trust, for a limited time, will offer a rate sale of 3.25% on its variable rate 100% investment loans, the company said Thursday.
G20 draft communique addresses agricultural investment in developing countries, 'influential women' raise awareness ... (News-Medical-Net)
A draft G20 communique revealed Friday that the group of countries "has called on the World Bank to work with donor agencies to create a multilateral trust fund to increase agricultural investment in poor countries," Reuters reports. In July, the G8 launched a $20 billion agriculture initiative to help developing countries.
Automatic investment plans make saving easier (USA Today)
Automatic investment plans make saving easier
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 $4.04 or 2.2 percent, to $179.02. Morgan Stanley fell $.44 or 1.4 percent, to $30.29.
China calls off investment in Australian miner (Newsday)
SYDNEY (AP) — An Australian miner says a Chinese company has called off a multimillion-dollar investment after a government panel barred it from acquiring a majority stake. Lynas Corp.'s announcement Thursday was a setback for Chinese efforts to acquire mining and other resource assets and came as an official said Australia wants to limit ownership of resource industries by foreign state-owned ...
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 $3.56 or 1.9 percent, to $179.50. Morgan Stanley fell $.18 or .6 percent, to $30.55.
Kilsaran Group’s €30m investment in redevelopment a boost for jobs (Irish Examiner)
CONCRETE products company The Kilsaran Group has effectively announced 120 jobs as part of a €30 million investment at its headquarters in Dunboyne, Co Meath.
NAMA gets backing of investment chief (Irish Examiner)
Dublin: The National Asset Management Agency is causing divisions among Ireland’s investment community.
Finance committee approves Morningstar as MISD investment adviser (Midland Reporter-Telegram)
The finance committee of Midland Independent School District's board of trustees on Thursday approved accepting Morningstar as the co-fiduciary investment adviser for its 401(a) plan -- its alternative to Social Security.
Kuwait's KFH rechedules $460 mln Aref Investment debt (Reuters via Yahoo! Singapore News)
KUWAIT, Sept 26 (Reuters) - Islamic lender Kuwait Finance House (KFH) said it rescheduled 132 million dinars ($460.7 million) in debt for Kuwait's Aref Investment Group .
Uncertainty blocking investment in Zim: Rio (The Financial Gazette)
ZIMBABWE will not see new investment in its mining sector unless uncertainty over a mining law and fiscal policy is resolved, Niels Kristensen, head of Rio Tinto’s diamond unit in the country said last week.
Kuwait Finance Agrees to Reschedule Aref Investment Debt (Bloomberg)
Sept. 26 (Bloomberg) -- Kuwait Finance House , the emirate’s largest Islamic bank, has signed an agreement to reschedule Aref Investment Group’s debts of 132 million dinars ($461 million).
Experts: Ukraine to be interesting for investment of Chinese private sector (KYIV Post)
Ukraine has a huge economic potential and could be interesting for investment of the Chinese private sector, Ambassador Wu Jianmin, Vice Chairman of the China Institute of Strategy and Management, said at the sixth YES (Yalta European Strategy) summit on Saturday.
Uncertainty blocking investment in Zim: Rio (The Financial Gazette)
ZIMBABWE will not see new investment in its mining sector unless uncertainty over a mining law and fiscal policy is resolved, Niels Kristensen, head of Rio Tinto’s diamond unit in the country said last week.
Britain's broiler sector urgently needs investment FWi (Farmers Weekly Interactive)
Britain's broiler industry is facing a huge and growing backlog of investment caused by poor returns over the last decade, according to a new survey from the NFU.
Uncertainty blocking investment in Zim: Rio (The Financial Gazette)
ZIMBABWE will not see new investment in its mining sector unless uncertainty over a mining law and fiscal policy is resolved, Niels Kristensen, head of Rio Tinto’s diamond unit in the country said last week.
Behringer Harvard Expands Real Estate Investment Relations to the Middle East (ITNews)
DALLAS, September 27 /PRNewswire/ -- Behringer Harvard announced today the appointment of Mr. Dawoud Salman Al-ani as Managing Director, Middle East Investment Relations - Real Estate.
Feds indict radio host, investment advisor (McKinney Courier-Gazette)
The U.S. District Attorney's Office of Plano filed an indictment against a Collin County radio show host and real estate investment advisor on charges of fraud and theft.
DDR doubles its investment in campaign (The Ukiah Daily Journal)
The developer vying to build a shopping mall on the former Masonite property doubled its investment this quarter on a campaign supporting a November ballot initiative to rezone the land from industrial to commercial, mixed-use.
Aref Investment Group Soars to 3-Week High on Debt Agreement (Bloomberg)
Sept. 27 (Bloomberg) -- Aref Investment Group , a Kuwaiti investment company, soared the most in almost three weeks after Kuwait Finance House agreed to reschedule its debts of 132 million dinars ($461 million).
KFH reschedules KD 132 mln in debts for Kuwaiti investment co. (Zawya)
26 September 2009 KUWAIT -- Kuwait Finance House (KFH) Kuwait Finance House (KFH) has signed an agreement to reschedule the debts of Aref Investment Group Aref Investment Group , - a Kuwaiti closed shareholding company - worth KD 132 million which will be used to pay the group's commitments to foreign banks and investment funds.
Investment Dar reaches deal (Straits Times)
KUWAIT CITY - KUWAIT'S troubled Investment Dar has reached a standstill agreement with its debtors to suspend claims as the top Islamic firm agreed to a restructuring plan, a statement said on Sunday.
Kuwait's Investment Dar buys time with lenders (AP via Yahoo! Finance)
The Kuwaiti Islamic investment firm that owns half of British luxury car marker Aston Martin said Sunday it has agreed with its lenders to suspend their claims while it looks to restructure its debt.
Kuwait's Investment Dar buys time with lenders (Newsday)
KUWAIT CITY (AP) — The Kuwaiti Islamic investment firm that owns half of British luxury car marker Aston Martin said Sunday it has agreed with its lenders to suspend their claims while it looks to restructure its debt. The Investment Dar is one of several Kuwaiti banks and investment houses to run into trouble as the global economic meltdown hammered the tiny oil rich Gulf Arab state. The ...
Arab prince linked with Liverpool investment - report (Goal.com)
Reports emulating from the Middle East are suggesting that a Saudi Arabian prince is ready to make a substantial investment in an English club with Liverpool believed to be the team in question.
Saudi prince reveals investment deal is close (ESPN Soccernet.com)
A Saudi prince has revealed that he is set to make a significant investment in an English side, amid reports that Liverpool's owners are prepared to sell a 50% stake in the club.