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Investment News 09/2009 (Page 9)



Investment Banker, J-school and Public Broadcaster Join Forces to Launch Nonprofit News Organization in California (Editor & Publisher)
SAN FRANCISCO A San Francisco investment banker is teaming up with the University of California's journalism school and public broadcaster KQED to create a nonprofit news organization that he says will fill a gap in local coverage left by newspaper cutbacks.
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.
New aviation investment fund targets US$1b assets over 2 years (Business Times (Malaysia))
ABU DHABI: National Bank of Abu Dhabi (NBAD) said a new aviation investment fund it is launching with Germany's DVB Bank planned to acquire US$1 billion (US$1 = RM3.48) in assets over two years.
Investment Dar seals deal on claims freeze (Business Times (Malaysia))
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 yesterday.
Kuwait's Investment Dar buys time with lenders (Brisbane Times)
The Kuwaiti Islamic investment firm that owns half of British luxury car marker Aston Martin says it has agreed with its lenders to suspend their claims while it looks to restructure its debt.
Kuwait's Investment Dar reaches deal with investors to temporary suspend claims against it (The Canadian Press via Yahoo! Canada News)
KUWAIT CITY - 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.
Viet Nam's foreign investment dives in crisis (Asia News Network)
Foreign direct investment pledged in the first nine months of the year was worth US$12.54 billion, a mere fifth of the amount recorded in the same period last year.
China COFCO to double investment in Xinjiang (Reuters via Yahoo! Malaysia News)
BEIJING, Sept 28 (Reuters) - COFCO Corporation, China's largest grain trader and processor, will double its investment in the resource-rich Xinjiang region in the northwest, the company said in a statement.
Vietnam’s foreign investment falls 79 pct amid global slump (Thanh Nien Daily)
Pledges for foreign investment into Vietnam and planned capital increases for existing projects dropped 79 percent in the nine months to September from the same period a year earlier, the Foreign Investment Agency said.
Unicom to Buy Back SK Telecom Stake, Ending Investment Ties (Bloomberg)
Sept. 28 (Bloomberg) -- China Unicom (Hong Kong) Ltd. and South Korea’s SK Telecom Co. ended a three-year investment tie- up after the Chinese mobile-phone operator deepened its partnership with Spain’s Telefonica SA .
European Investment Bank to increase A$ 2014 bond (Reuters via Yahoo! Asia News)
SYDNEY, Sept 28 (Reuters) - The European Investment Bank (EIB) [EIB.UL ] plans to increase its A$1.35 billion ($1.16 billion) May 2014 kangaroo bond issue, joint leads JP Morgan and Westpac said in a statement on Monday.
Investment Dar to freeze claims (AME Info)
Kuwait's Investment Dar, which is in the midst of restructuring debt, has said it has signed an agreement with creditors and investors to freeze claims temporarily, Reuters has reported.
Gov’t urges investment in water projects (Việt Nam News)
HCM CITY—A policy to encourage investment in rural water supply programmes to improve the quality of life in the countryside is in the works.
Unicom to Buy Back SK Telecom Stake, Ending Investment Ties (Bloomberg)
Sept. 28 (Bloomberg) -- China Unicom (Hong Kong) Ltd. and South Korea’s SK Telecom Co. ended a three-year investment tie- up after the Chinese mobile-phone operator deepened its partnership with Spain’s Telefonica SA .
Reds could land Saudi investment (Soccer365)
Liverpool could secure significant new investment with a private Saudi sports investment company in talks with co-owner George Gillett.
UBS Names Neissa, Wall Investment Banking Co-Heads (Update1) (Bloomberg)
Sept. 28 (Bloomberg) -- UBS AG , Switzerland’s biggest bank by assets, named Jimmy Neissa and John Wall global co-heads of investment banking alongside Rick Leaman , the company said in a statement today.
Global Maxfin acquires Canadian unit of Australia’s Professional Investment Holdings (Investment Executive)
Mutual fund dealer Global Maxfin Investments Inc. has signed a definitive agreement to acquire Professional Investment Services (Canada) Inc., Global said Monday.
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 $.95 or .5 percent, to $180.45. Morgan Stanley rose $.54 or 1.8 percent, to $31.09.
Absa Names Van Coller as CEO of Investment Bank Unit (Update1) (Bloomberg)
Vitalo has agreed to continue as a “special adviser” to CEO Maria Ramos , Patrick Wadula , spokesman for Johannesburg- based Absa, said by telephone today. Vitalo was in May appointed as chief of Barclays’ investment banking and investment management unit in the Middle East.
Gov’t urges investment in water projects (Vietnam Net)
VietNamNet Bridge – A policy to encourage investment in rural water supply programmes to improve the quality of life in the countryside is in the works.
UBS Names Neissa, Wall Investment Banking Co-Heads (Update3) (Bloomberg)
The appointments of Neissa and Wall are effective immediately, and Leaman will become chairman of investment banking “over the next few months” to focus on the bank’s most important clients, Zurich-based UBS said in a statement today.
New Portsmouth owner promises hefty investment (tribalfootball.com)
Portsmouth owner Sulaiman Al Fahim has insisted that a £50m investment should be concluded in the next few days. read more
Duvall Investment Groups Miller Takes Over as Association Manager (dBusinessNews.com)
Duvall Investment Group, Inc., ( www.duvallinc.com ) which provides homeowners’ and condominium and townhome owners’ association management services for communities and neighborhoods, has named Jessica Miller as Association Manager.
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 $.82 or .5 percent, to $180.32. Morgan Stanley rose $.30 or 1.0 percent, to $30.85.
UBS Names Neissa, Wall Investment Banking Co-Heads (Update3) (Bloomberg)
The appointments of Neissa and Wall are effective immediately, and Leaman will become chairman of investment banking “over the next few months” to focus on the bank’s most important clients, Zurich-based UBS said in a statement today.
Gold Rises as Dollar Eases Gains, Boosting Investment Demand (Bloomberg)
Sept. 28 (Bloomberg) -- Gold rose for the first time in four sessions as the dollar pared earlier gains, increasing demand for the precious metal as an alternative investment.
UBS Names Co-Heads of Investment Banking Unit (New York Times)
The Swiss banking giant UBS said Monday that it had appointed two of its senior managers, Jimmy Neissa and John Wall, to be the global co-heads of the firm’s investment banking division.
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 $3.00 or 1.7 percent, to $182.50. Morgan Stanley rose $.70 or 2.3 percent, to $31.25.
Investment-Grade Composite Spread Tightens Marginally To 230 Basis Points (Thaipr.net)
Standard & Poor's investment-grade composite spread tightened one basis point on Friday to 230 basis points (bps), while its speculative-grade counterpart remained unchanged at 735 bps. By rating, the
MX Factors investment scheme boss draws 100-year prison term (The Press-Enterprise)
The mastermind of the Inland-based MX Factors investment scheme, which took in nearly $60 million from more than 600 people, was sentenced Monday to 100 years in prison.
Gulf Investment, Three Creditors Agree to Debt Rescheduling (Bloomberg)
Sept. 29 (Bloomberg) -- Gulf Investment House , a Kuwait- based Islamic bank, has reached an agreement with three of its six creditors to reschedule debt.
Mining boss slams Asian investment rules (Brisbane Times)
Australia's biggest mining magnate has launched a scathing attack on the federal government's foreign investment rules, branding them racist.
JPMorgan Shuffles Investment Bank Management (New York Times)
JPMorgan Chase's investment banking unit announced a series of top management changes on Monday, including the departure of Bill Winters, the unit's co-chief executive.
JPMorgan investment banking co-CEO leaves (Reuters via Yahoo! News)
JPMorgan Chase & Co said on Tuesday its co-chief executive of investment banking is leaving, one of several management changes that are part the bank's succession plan.
JPMorgan shuffles investment banking management (AP via Yahoo! News)
JPMorgan Chase & Co. said Tuesday it is shuffling the management duties of its investment banking and asset management units.
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 $.51 or .3 percent, to $183.01. Morgan Stanley fell $.09 or .3 percent, to $31.16.
JPMorgan’s Next Investment Bank Chief: A Primer (New York Times)
With his unexpected move to become head of investment banking at JPMorgan Chase , James E. Staley is raising his profile on Wall Street — and emerging as a contender to succeed the firm’s chief executive, Jamie Dimon, sometime down the line.
JPMorgan’s Staley to Run Investment Bank in Shake-Up (Update1) (Bloomberg)
Sept. 29 (Bloomberg) -- JPMorgan Chase & Co . shook up the leadership of its investment bank, surprising analysts by announcing the immediate departure of co-chief executive officer William “Bill” Winters and naming asset-management chief Jes Staley to run the business.
Liverpool co-owners looking for outside investment (AP via Yahoo! Sports)
Liverpool co-owners Tom Hicks and George Gillett Jr. confirmed Tuesday they are looking for outside investment. "The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into LFC," Hicks and Gillett said in a statement.
Liverpool co-owners looking for outside investment (AP via Yahoo! News)
Liverpool co-owners Tom Hicks and George Gillett Jr. confirmed Tuesday they are looking for outside investment.
MBIA Slashed Below Investment Grade (Zacks.com via Yahoo! Finance)
While the parent company's rating stands at one step below investment grade, the subsidiary's rating has been reduced to three steps below investment grade.
Egypt Sees $10 Billion Foreign Investment This Year (Update3) (Bloomberg)
Sept. 29 (Bloomberg) -- Egypt’s government expects to attract about $10 billion in foreign direct investment in fiscal 2010, up from $8.1 billion the previous year, Investment Minister Mahmoud Mohieldin said.
Liverpool co-owners looking for outside investment (AP via Yahoo! News)
Liverpool's owners confirmed Tuesday that they have asked two banks to find outside investment after a Saudi prince publicized his attempts to buy into the Premier League club.
JPMorgan shuffles investment banking management (AP via Yahoo! News)
JPMorgan Chase & Co. named Jes Staley the head of its investment bank, a move that puts Staley in a position to become the new CEO should the bank's current chief, Jamie Dimon, leave or retire unexpectedly.
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 $1.08 or .6 percent, to $183.58.
Staley Named JPMorgan’s Top Investment Banker as Profits Surge (Bloomberg)
Sept. 30 (Bloomberg) -- James “Jes” Staley may have landed his job atop JPMorgan Chase & Co. ’s investment bank at just the right time. Almost three decades after joining JPMorgan, Staley, 52, is taking over the No. 1 stock and bond underwriter after the Standard & Poor’s 500 index surged 57 percent from its low in March.
Investment Dar Creditors Refuse ‘Standstill,’ Al-Qabas Reports (Bloomberg)
Sept. 30 (Bloomberg) -- Several Investment Dar Co. creditors including National Investments Co. and Kuwait Investment Co. have refused to join an agreement to suspend individual claims, Al-Qabas reported, without saying where it got the information.
India extends commodity bourse investment deadline (Reuters via Yahoo! Malaysia News)
MUMBAI, Sept 30 (Reuters) - India has given a final six-month extension to foreign firms who have to reduce their individual stakes in local commodity exchanges to 5 percent to meet foreign investment regulations, the government said on Wednesday.
Helicopters get £300m investment (BBC News)
The MoD announces a multi-million pound investment in the Oxfordshire-based fleet of Puma helicopters.
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 $.75 or .4 percent, to $182.83. Morgan Stanley fell $.53 or 1.7 percent, to $30.56.