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Investment News 10/2009 (Page 3)



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 $2.29 or 1.2 percent, to $189.27. Morgan Stanley rose $.19 or .6 percent, to $30.98.
Azerbaijan Seeks $60 Billion In New Oil Investment (OfficialWire)
State Oil Co. of the Azerbaijani Republic President Rovnag Abdullayev said that future oil contracts may provide Azerbaijan $60 billion in foreign investment.
Sheff Wed looking to USA for new investment (tribalfootball.com)
Sheffield Wednesday's chief executive Nick Parker has revealed the club is making steady progress in its bid to attract major new investment from the USA. read more
Iran to host Afghan investment conference (UPI)
TEHRAN, Oct. 7 (UPI) -- Iran will shortly host a two-day conference on investment opportunities in Afghanistan.
CIBC Revises Compensation Policy at Investment-Bank Unit (Bloomberg)
Oct. 7 (Bloomberg) -- Canadian Imperial Bank of Commerce , the country’s fifth-biggest bank, revised its pay policies for staff at its investment-banking unit, following moves by other Canadian firms.
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 $3.50 or 1.9 percent, to $190.48. Morgan Stanley rose $.37 or 1.2 percent, to $31.16.
Pakistan says US investment can fight extremism (AFP via Yahoo! News)
Pakistan's foreign minister has appealed for US investment, saying it would take away the "oxygen" from extremists in his country and neighboring Afghanistan fought by the West.
Investment-Grade Composite Spread Tightens To 236 Basis Points (Thaipr.net)
Standard & Poor's investment-grade and speculative-grade composite spreads tightened yesterday to 236 basis points (bps) and 748 bps, respectively. By rating, the 'AA' and 'A' spreads tightened one ba
Ex-Deutsche Bankers Start Distressed Investment Bank (Update2) (Bloomberg)
Oct. 8 (Bloomberg) -- Michel Lowy and Soo Cheon Lee , who ran Deutsche Bank AG’s Asian distressed products group, started an investment bank this month focused on distressed and illiquid investments in the region.
Kuwait Investment Not Negotiating Sale of National Hotels Stake (Bloomberg)
Oct. 8 (Bloomberg) -- Kuwait Investment Co. isn’t negotiating a sale of its stake in National Hotels Co. and hasn’t received any offers for it, the company said in a statement posted on the Kuwait Stock Exchange Web site in response to a news report.
Investment sales triple on-quarter in Q3 to S$2.3b, says DTZ (Channel NewsAsia)
SINGAPORE: Property consultancy DTZ said on Thursday investment sales here tripled in the third quarter of this year.
Industry warns of falling investment in EU telecoms (EurActiv)
Investment in the European telecoms sector decreased for the first time in 2008 after several years of continued growth, according to a report published by the main EU telecoms operators, which blame the European Commission for disencouraging investment.
Officials to better control private investment in TV industry (Vietnam Net)
VietNamNet Bridge - Many TV stations throughout the country have “socialized” many of their channels, which means they call on private investment in making programs. However, there are concerns that privatization of publicly owned media is slipping through the backdoor.
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 $.88 or .5 percent, to $189.60. Morgan Stanley rose $.55 or 1.8 percent, to $31.71.
Venezuela Seeks Oil Investment During Global Economic Slump (Rigzone)
President Hugo Chavez speaks of getting robust foreign investment in Venezuela's oil sector, but major oil companies don't seem to be prepared to actually spend much as long as the global economic downturn slogs on.
Lazard Appoints Samaja Head Of Investment Banking For Italy (Nasdaq)
MILAN -(Dow Jones)- Lazard Ltd. (LZD) said Thursday it has appointed Marco Samaja as head of investment banking and chief executive for Italy. Samaja was formerly Lazard's managing director, as well as co-head of mergers and acquisitions for Italy.
Saudi, Syria to boost trade and investment (AFP via Yahoo! News)
Saudi Arabia and Syria agreed on Thursday to promote trade and investment between the two regional powerhouses, as Saudi King Abdullah wrapped up a visit to Syria, state news SANA reported.
Saudi prince mulling Liverpool investment (AFP via Yahoo! News)
Prince Faisal, a member of Saudi Arabia's royal family, is contemplating an investment in Liverpool that could go as far as a full buyout of the club, according to the head of his investment vehicle, F6.
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 $.34 or .2 percent, to $190.82. Morgan Stanley rose $.89 or 2.9 percent, to $32.05.
Raleigh Regional Association Of REALTORS® Offers Investment And Financial Analysis Course (dBusinessNews.com)
RALEIGH, N.C. – John Wood, president of the Raleigh Regional Association of REALTORS ® (RRAR) ( www.rrar.com ), has announced that RRAR along with the Triangle International Council of REALTORS ® (TICOR) will be hosting a Certified International Property Specialist designation course titled “Investment and Financial Analysis” on Wednesday, Oct. 21 through Thursday, Oct ...
Bioscience group grants $50 million for investment (AP via Yahoo! News)
The Kansas Bioscience Authority is providing $50 million to increase the amount of investment dollars available for Kansas-based life science companies.
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 $2.31 or 1.2 percent, to $188.17.
HSBC INTRODUCES HANG SENG BANK STRUCTURED INVESTMENT (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Oct 9 (Bernama) -- HSBC Bank Malaysia Berhad has introduced the 4-Year MYR Equity Linked (Hang Seng Bank Ltd) Structured Investment which provides customers the opportunity to invest in the potential growth of Hang Seng Bank Ltd.
MALAYSIA AIRPORTS PLANS A SUBSTANTIAL INVESTMENT IN RETAIL SERVICES (Bernama via Yahoo! Malaysia News)
SEPANG, Oct 9 (Bernama)-- Malaysia Airports Holdings Bhd (MAHB) is planning a substantial investment to beef up its retail shopping and services to capture the higher revenue potential.
Malaysia Airports plans substantial investment in retail side (The Malaysian Insider)
SEPANG, Oct 9 — Malaysia Airports Holdings Bhd (MAHB) is planning a substantial investment to beef up its retail shopping and services to capture the higher revenue potential. Its chairman Tan Sri Dr Aris Othman said a major renovation of its satellite building at the Kuala Lumpur International Airport (KLIA) was nearing completion. He said MAHB will now focus on renovations to the main terminal ...
Thai PTT to review investment if estate case delayed (Reuters via Yahoo! Asia News)
BANGKOK, Oct 9 (Reuters) - PTT Pcl , Thailand's top energy firm, might review its $7.2 billion, five-year investment plan if a dispute over Thailand's largest industrial estate drags on, its chief financial officer said on Friday.
Woman sues broker, bank over Cedar Funding investment (The Monterey County Herald)
A Carmel Valley woman is facing the loss of her home of 50 years after she allegedly was led into a risky investment in the failed real estate investment firm Cedar Funding Inc.
Malaysia Airports plans substantial investment in retail services (MalaysiaNews.net)
SEPANG: Malaysia Airports Holdings Bhd (MAHB) is planning a substantial investment to beef up its retail shopping and services to capture the higher revenue potential. Its chairman, Tan Sri Dr Aris Ot...
TNK-BP's Board Endorses $1B in Investment (Rigzone)
TNK-BP today announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP.
2nd UPDATE: GIC:UBS Long-Term Investment; Upbeat On Prospects (Nasdaq)
(Adds detail of GIC's investment.) BASEL -(Dow Jones)- Government of Singapore Investment Corp. or GIC, said Friday it plans to remain a long-term shareholder of UBS AG (UBS), and is confident of the Swiss bank's outlook after meeting this week with Chairman Kaspar Villiger.
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 $1.09 or .6 percent, to $189.26. Morgan Stanley rose $.13 or .4 percent, to $32.07.
Occidental Petroleum to take over Citigroup's Phibro investment unit (Los Angeles Times)
L.A.-based Occidental estimates a net investment of $250 million in the deal, which will double its energy trading business. Phibro has turned a profit every year since 1997. Occidental Petroleum Corp. said today it will buy embattled Citigroup Inc.'s commodities trading unit, which has drawn fire for its compensation practices.
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 $.61 or .3 percent, to $188.78. Morgan Stanley rose $.05 or .2 percent, to $31.99.
RioCan Real Estate Investment Trust Announces Date of Third Quarter Earnings Release, Conference Call and Webcast (MalaysiaNews.net)
TORONTO, ONTARIO--(Marketwire - Oct. 9, 2009) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is scheduled to release its financial results for the three months e...
Home sweet home investment? Sure, in the long run (Newsday)
Lesson learned from home price collapse: Gimme shelter, not a short-term investment
Home Sweet Home Investment? Sure, in the Long Run (ABC News)
Lesson learned from home price collapse: Gimme shelter, not a short-term investment
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 $1.13 or .6 percent, to $189.30. Morgan Stanley rose $.15 or .5 percent, to $32.09.
GM signs deal to sell Hummer to Chinese investment partnership (TVNZ)
General Motors Co has signed a deal to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry
Investment Is Secured For United BioSource (Washington Post)
Bethesda-based United BioSource said on Friday that it has landed a new $125 million investment from the Boston-based equity firm Berkshire Partners.
Saudi investment climate attractive (MENAFN)
Saudi investment climate attractive
'Saudi investment climate attractive' (Zawya)
10 October 2009 LONDON: Baroness Symons, former British secretary of state for Middle East affairs, has commended Saudi Arabia's investment atmosphere. She said the Kingdom has achieved high economic growth rate despite global financial crisis.
ANB Invest Assigns The Marketing Of Its Investment Funds To Derayah Financial (Zawya)
10 October 2009 Riyadh, Kingdom of Saudi Arabia: ANB Invest ANB Invest , the investment arm of Arab National Bank, has signed a distribution agreement with Derayah Financial.
Safilo "good investment" -Italy's Della Valle (Reuters via Yahoo! News)
The Della Valle family's stake in Italian debt-laden eyewear maker Safilo is a "good investment" and the company could do "great things" with a local rival, Diego Della Valle said in a Saturday newspaper interview.
(AFX UK Focus) 2009-10-10 11:07 Debt-laden Safilo a "good investment" -stakeholder Della Valle (Interactive Investor)
MILAN, Oct 10 (Reuters) - The Della Valle family's stake in Italian debt-laden eyewear maker Safilo is a "good investment" and the company could do "great things" with a local rival, Diego Della Valle said in a Saturday newspaper interview. Italy's Della Valle family, behind luxury shoe maker Tod's , bought a 2.06 percent stake in the maker of Gucci sunglasses last month. The family also owns 40 ...
Safilo "good investment" -Italy's Della Valle (MalaysiaNews.net)
"Safilo is a good investment," Della Valle told Italian business daily Il Sole 24 Ore. "If you are asking me whether the two companies could do great things together, I answer yes, but of course we ar...
Home sweet home investment? Sure, in the long run (Bluffton Today)
By DAVE CARPENTER Homes have appreciated by an average of 4 percent a year since World War II. They act as hedges against inflation and bestow significant tax benefits. Real estate is a leveraged investment; a 10 percent down payment produces a 1,000 percent return if the price of a home merely doubles.
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.
Atticus founder returns with large investment in NY fund (Daily Telegraph)
Tim Barakett is backing a new investment fund in a surprise return to the sector that he quit just two months ago.
Australia Extends Investment in Mortgage-Backed Securities (Bloomberg)
Oct. 11 (Bloomberg) -- Australia will increase its investment in residential mortgage-backed securities, Treasurer Wayne Swan said in an e-mailed statement today.
South Korea's capital investment improving - KDI (Reuters via Yahoo! Malaysia News)
SEOUL, Oct 11 (Reuters) - South Korea's capital investment is improving and the country's exports are expected to continue to grow, a top research agency said on Sunday, adding to hopes for a sustained recovery in Asia's fourth-largest economy.