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Investment News 10/2009 (Page 9)



China says overseas investment nearly triples (AFP via Yahoo! News)
China's overseas investment in non-financial sectors nearly tripled in the third quarter from the same period last year, the government said on Tuesday, as the Asian giant rebounded from the global crisis.
China says overseas investment nearly triples (Malaysian Mirror)
BEIJING -China's overseas investment in non-financial sectors nearly tripled in the third quarter from the same period last year, the government said on Tuesday, as the Asian giant rebounded from the global crisis. Read more...
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 $1.06 or .6 percent, to $178.31. Morgan Stanley fell $.37 or 1.1 percent, to $34.43.
Ecuador Seeks Investment to Reverse Three-Year Oil Output Slide (Bloomberg)
Oct. 27 (Bloomberg) -- Ecuador, the smallest member of the Organization of Petroleum Exporting Countries, is seeking to attract investment from state-run companies in Latin America, Russia and China to reverse a three-year drop in crude output.
Venture Capital Investment Still Lacking in Europe (BusinessWeek)
Figures can be misleading. Take the stats released on Oct. 27 by data provider DowJones Venture Source, which tracks venture capital investment worldwide. During the third quarter of 2009, VCs invested $998 million in 201 deals in Europe, a 23% jump over the previous quarter. That's pretty good ...
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 $.16 or .1 percent, to $179.21. Morgan Stanley fell $.57 or 1.6 percent, to $34.23.
PRESS RELEASE: Fitch Affirms European Investment Bank AAA (Nasdaq)
Fitch Ratings-London/Paris-27 October 2009: Fitch Ratings has today affirmed the European Investment Bank's (EIB) Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook, and affirmed its Short-term IDR at 'F1+'. The rating affirmation reflects the strong support the EIB derives from European Union (EU) member countries, its low exposure to risk and strong capitalisation.
Poll: Is Smart Grid a Smart Investment? (BusinessWeek)
On Oct. 27, President Obama announced $3.4 billion in government support for 100 projects aimed at modernizing the electric power grid. Is this a worthwhile investment?
Ecuador Seeks Investment to Reverse Three-Year Oil Output Slide (Bloomberg)
Oct. 27 (Bloomberg) -- Ecuador, the smallest member of the Organization of Petroleum Exporting Countries, is seeking to attract investment from state-run companies in Latin America, Russia and China to reverse a three-year drop in crude output.
Investment scandal rocks Israeli basketball (AP via Yahoo! Sports)
When the popular former manager of Israel's most famous basketball team killed himself last week, it seemed like a sad tale of a heartbroken man who couldn't adjust to life after sports. Now it appears there's more to the story. Authorities suspect Moni Fanan was running a multimillion dollar investment scheme for some of Israel's top sports figures, and that he was deep in debt.
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 $.76 or .4 percent, to $178.61. Morgan Stanley fell $.69 or 2.0 percent, to $34.11.
Former officers of NH investment company sentenced (Boston Globe)
The founder and former owner of a New Hampshire investment company accused of losing $15 million of its clients' money has been sentenced to over four years in prison.
Frost & Sullivan: Urgent Need for Foreign Investors in Russia to Fix Investment Climate and to Better Weather Economic ... (ITNews)
MOSCOW, October 28 /PRNewswire/ -- The investment climate in Russia is the primary concern for foreign investors. When compared to other emerging economies, Russia does not perform well in transparency rankings or in terms of ease of doing business.
MINING FINANCE / INVESTMENT (Mineweb)
The global financial crisis has failed to dampen Chinese investment in Africa, a leading state-run newspaper said on Wednesday.
Gold Declines as Stronger Dollar May Reduce Investment Demand (Bloomberg)
Oct. 28 (Bloomberg) -- Gold declined in London on speculation that a rebounding dollar will curb demand for the precious metal as an alternative investment.
Gold Declines as Stronger Dollar May Reduce Investment Demand (Bloomberg)
Oct. 28 (Bloomberg) -- Gold declined to a three-week low in London on speculation that a rebounding dollar will curb demand for the precious metal as an alternative investment.
Gold Declines as Stronger Dollar May Reduce Investment Demand (Bloomberg)
Oct. 28 (Bloomberg) -- Gold declined to a three-week low in New York and London on speculation that a rebounding dollar will curb demand for the precious metal as an alternative investment.
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 $3.46 or 1.9 percent, to $175.15. Morgan Stanley fell $.70 or 2.1 percent, to $33.36.
Interim New Mexico state investment officer named (AP via Yahoo! News)
New Mexico Gov. Bill Richardson has selected Bob Jacksha to serve as interim state investment officer while the administration searches for a permanent appointee.
Interim New Mexico state investment officer named (Newsday)
Interim New Mexico state investment officer named following Bland's resignation amid fed probe
Reuters summit-Cairo-based Citadel sets up investment funds (Reuters via Yahoo! Asia News)
(For other news from the Reuters Middle East Investment Summit, click on (link) MiddleEastInvestment09?pid=500)
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 $4.19 or 2.3 percent, to $174.42. Morgan Stanley fell $1.54 or 4.5 percent, to $32.52.
Gold Futures Fall as Stronger Dollar Reduces Investment Demand (Bloomberg)
Oct. 28 (Bloomberg) -- Gold fell to a three-week low in New York as a rally in the dollar curbed demand for the precious metal as an alternative investment.
Suspect to admit role in Calif. investment scam (AP via Yahoo! News)
Federal prosecutors say a former executive of a Northern California investment firm has agreed to plead guilty to defrauding about 150 investors.
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 $6.45 or 3.6 percent, to $172.16. Morgan Stanley fell $1.75 or 5.1 percent, to $32.31.
House Panel OKs Investment Ratings Rules (CBS News)
Financial Services Committee Votes to Set New Rules on U.S. Investment Rating Agencies
Aflac’s Profit Triples as Investment Losses Decline (Update2) (Bloomberg)
Oct. 28 (Bloomberg) -- Aflac Inc. , the world’s largest seller of supplemental health insurance, said third-quarter profit more than tripled as investment losses narrowed and a stronger yen magnified revenue from Japan.
Get Ready for a New Global Investment Landscape (WallStreet Journal via Yahoo! Finance)
Even as investment managers have grown more conservative, the giant swathe of the world labeled "emerging markets" is graduating to the big league, fundamentally changing the calculation of risk in portfolios.
Prosecutors expect guilty plea in investment scam (AP via Yahoo! News)
A former executive of a Northern California investment firm has agreed to plead guilty to defrauding about 150 investors, federal prosecutors said Wednesday.
Prosecutors expect guilty plea in investment scam (San Francisco Chronicle)
A former executive of a Northern California investment firm has agreed to plead guilty to defrauding about 150 investors, federal prosecutors said Wednesday. The U.S. attorney's office in Sacramento charged 66-year-old Kenneth Kenitzer of Pleasanton with mail... Sponsored Topics: Northern California - United States - Plea - Sacramento California - United States Attorney
Australia Business Investment Jumps on Gorgon, Access Says (Bloomberg)
Oct. 29 (Bloomberg) -- Australia’s business investment surged in the third quarter after Chevron Corp. and its partners agreed to proceed with the A$43 billion ($39 billion) Gorgon liquefied natural gas project, according to Access Economics.
Deutsche Bank Says Improved Markets to Support Investment Banks (Bloomberg)
Oct. 29 (Bloomberg) -- Deutsche Bank AG said improved capital markets and investors’ increasing appetite for risk may bolster investment banks in the fourth quarter, after earnings at Germany’s biggest bank tripled in the past three months.
Prosecutors Expect Guilty Plea in Investment Scam (New York Times)
A former executive of a Northern California investment firm has agreed to plead guilty to defrauding about 150 investors, federal prosecutors said Wednesday.
Aetna Profit Jumps 18 Percent on Investment Gains (Update1) (Bloomberg)
Oct. 29 (Bloomberg) -- Aetna Inc. , the third-largest U.S. health insurer, said profit climbed 18 percent with the help of investment and enrollment gains. Medical costs as a share of premium revenue jumped.
UPDATE: Taiwan President Considers Looser China-Investment Rules (Nasdaq)
TAIPEI -(Dow Jones)- Taiwan President Ma Ying-jeou said Thursday that Taiwan will consider further loosening rules on local technology companies' investment in China to grab a bigger slice in the rapidly growing market.
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 $2.69 or 1.6 percent, to $174.85. Morgan Stanley rose $.60 or 1.9 percent, to $32.91.
Indonesia targets investment boost (AFP via Yahoo! Philippines News)
Indonesian President Susilo Bambang Yudhoyono promised Thursday to boost investment by removing red tape blamed for slowing growth in Southeast Asia's biggest economy.
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 $3.22 or 1.9 percent, to $175.38. Morgan Stanley rose $1.03 or 3.2 percent, to $33.34.
Global Investment Fund Asset Values Up 5.4% In 2Q From 3Q (Nasdaq)
LONDON -(Dow Jones)- Investment fund assets worldwide increased in value to EUR14.4 trillion in the second quarter of 2009, up 5.4% from the first quarter, as some markets performed well and investors put fresh cash to work due to growing confidence in an economic recovery, the European Fund and Asset Management Association said Thursday.
Corn, Soybeans Rise as Dollar Drop Spurs Investment, Demand (Bloomberg)
Oct. 29 (Bloomberg) -- Corn rose for the first time in five sessions and soybeans gained the most in a week as a declining dollar boosts investment demand for raw materials and food, animal-feed and fuel manufacturers stock up on supplies.
Executive departs who ran Citadel's new investment bank (Chicago Tribune)
(Dow Jones) - Rohit D'Souza, hired last year to build an investment bank at hedge-fund manager Citadel Investment Group LLC, is leaving Citadel, spokeswoman Devon Spurgeon said.
Corn, Soybeans Rise as Dollar Drop Spurs Investment, Demand (Bloomberg)
Oct. 29 (Bloomberg) -- Corn rose for the first time in five sessions and soybeans gained the most in a week as a declining dollar boosts investment demand for raw materials and low prices prompts purchases by makers of food, animal-feed and biofuels.
MetLife Posts 3Q Loss on Investment Losses (ABC News)
Investment losses drive 3rd-quarter loss at MetLife; adjusted earnings in line with estimates
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 $6.42 or 3.7 percent, to $178.58. Morgan Stanley rose $1.36 or 4.2 percent, to $33.67.
MetLife posts 3Q loss on investment losses (AP via Yahoo! News)
MetLife Inc. on Thursday reported a loss of $650 million for the third quarter, driven by losses in its investment portfolio.
Taiwan May Loosen Tech Investment Rules in China, WSJ Says (Bloomberg)
Oct. 30 (Bloomberg) -- President Ma Ying-jeou said Taiwan will consider further loosening rules on local technology companies’ investment in China to grab a bigger slice of the market, the Wall Street Journal reported, citing Ma in an interview with foreign reporters.
Taiwan to Ease Restrictions in Technology For China Investment (Bloomberg)
Oct. 30 (Bloomberg) -- Taiwan will ease restrictions in technology for China investment, said Taiwan President spokesman Wang Yu-chi. The island will allow firms to invest in the mainland if similar technology already exists there, said Wang in a telephone interview in Taipei.
CDR Indicted for Rigging Municipal Investment Deals (Update2) (Bloomberg)
Oct. 29 (Bloomberg) -- CDR Financial Products Inc., founder David Rubin and two other employees of the advisory firm were indicted by a federal grand jury for conspiring to rig bidding on investment contracts sold to local governments.
China urges Australia to be open to its investment (AP via Yahoo! Finance)
Chinese Vice Premier Li Keqiang started a fence-mending visit to Australia on Friday by urging the government not to discriminate against Chinese investment.
China urges Australia to be open to its investment (AP via Yahoo! Finance)
Chinese Vice Premier Li Keqiang started a fence-mending visit to Australia on Friday by urging the government not to discriminate against Chinese investment.