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Investment News 11/2009 (Page 2)



PLDT investment in Meralco for long-term – MVP (Manila Bulletin)
The Philippine Long Distance Telephone Company (PLDT)’s investment in Manila Electric Company (Meralco) is meant for the long term, Manuel V. Pangilinan, PLDT Chairman, told reporters Wednesday. However, in the same breath, he conceded that “We are studying our options carefully.
Societe Generale Third-Quarter Net Doubles on Investment Bank (Bloomberg)
Nov. 4 (Bloomberg) -- Societe Generale SA , France’s second- largest bank by market value, said third-quarter earnings doubled as its investment-banking unit returned to profit.
India September Foreign Direct Investment Down 41% To $1.5 Billion-Official (Nasdaq)
NEW DELHI -(Dow Jones)- Foreign direct investment in India for September fell 41% to $1.5 billion from the year earlier period, a senior government official said Wednesday.
Investment down $42b (Business Day)
Private business investment will be about $42 billion lower through the downturn than it would have been without the global recession, according to the federal Treasury.
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 $2.10 or 1.2 percent, to $173.71. Morgan Stanley rose $.52 or 1.6 percent, to $32.66.
Ecuador's 2Q Foreign Direct Investment Totals $203 Million (Nasdaq)
QUITO -(Dow Jones)- Ecuador's direct foreign investment totaled $203 million in the second quarter of 2009, rising from the $103 million registered in the same period last year, the central bank said Wednesday.
Investment returns counteract drop in revenue from tax (Otago Daily Times)
The Government's financial statements for the three months ended September were something of a mixed bag, with tax revenue well down but higher-than-forecast investment returns helping offset the worst effects.
Chinese investment bank CICC attracts interest (Business Times (Malaysia))
HONG KONG: Private equity firms Bain Capital and General Atlantic are among those eyeing Morgan Stanley's stake in China International Capital Corp (CICC), the country's largest investment bank, in a deal that could fetch more than US$1.2 billion (US$1 = RM3.42). Morgan Stanley paid just US$37 million for its piece of CICC when the Chinese bank was founded 13 years ago. CICC is one of the most ...
Investment banks breathe again (Financial Times)
After a tumultuous year marked by property crashes, a dearth of petrodollars and international financial upheaval, investment banks operating in the Gulf are beginning to find work again.
Michigan Investment Climate Improving Private Equity Finance Experts Contend (Michigan Technology News)
KALAMAZOO - The Michigan investment climate is improving, according to a panel of private equity finance professionals who spoke Tuesday during the MichBio Expo in Kalamazoo.
Lula in London to see queen, seek investment (AFP via Yahoo! News)
Brazilian President Lula Inacio da Silva arrived in Britain Wednesday for a two-day visit to drum up investment and have an audience with Queen Elizabeth II.
SocGen Third-Quarter Net Doubles on Investment Bank (Update2) (Bloomberg)
Nov. 4 (Bloomberg) -- Societe Generale SA , France’s second- largest bank by market value, said third-quarter earnings doubled as its investment-banking unit returned to profit.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at noon: Goldman Sachs rose $1.18 or .7 percent, to $172.79. Morgan Stanley fell $.11 or .3 percent, to $32.03.
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 $2.11 or 1.2 percent, to $169.50. Morgan Stanley fell $.66 or 2.1 percent, to $31.48.
Centrex Jumps to Record on China Investment Approval (Update1) (Bloomberg)
Nov. 5 (Bloomberg) -- Centrex Metals Ltd. , an Australian iron ore company, jumped to a record in Sydney trading after Australia’s foreign investment regulator approved Wuhan Iron & Steel Group’s A$271 million ($247 million) investment.
China's Centrex investment gets govt nod (The Age)
The Australian government has approved a $271 million investment by China's third largest steel maker in iron ore explorer Centrex Metals Ltd.
BUSINESS : What Indonesia Can Expect from Investment with Britain (Kompas)
MS Hidayat has offered British investors an opportunity to add their investment in the crude palm oil industry
UN trade and investment policy body for Asia and the Pacific opens first session (Thaipr.net)
The main policy body on trade and investment for the regional arm of the United Nations in Asia and the Pacific opened its first session today, noting that the region was on the path to recovery
China's CIC confirms $1.9 bln investment in Bumi (Reuters via Yahoo! Malaysia News)
BEIJING, Nov 5 (Reuters) - China Investment Corp, the country's sovereign wealth fund, on Thursday confirmed that it had invested $1.9 billion in Indonesia's PT Bumi Resources Tbk via debt instruments.
BNP Paribas Net Rose 45% on Fortis, Investment Bank (Update2) (Bloomberg)
Nov. 5 (Bloomberg) -- BNP Paribas SA , France’s largest bank, said third-quarter profit rose 45 percent, helped by the purchase of Fortis assets and a rebound at the investment bank.
BNP Paribas Net Rose 45% on Fortis, Investment Bank (Update2) (Bloomberg)
Nov. 5 (Bloomberg) -- BNP Paribas SA , France’s largest bank, said third-quarter profit rose 45 percent, helped by the purchase of Fortis assets and a rebound at the investment bank.
Australia approves Wisco's investment in Centrex (Market Watch)
China’s Wuhan Iron & Steel wins approval from Australian regulators to proceed with an investment in Centrex Metals Ltd.
IMS Health to be bought by investment funds TPG Capital and CPP Investment Board for $4B (INO News)
(AP:NORWALK, Conn.) IMS Health to be bought by investment funds TPG Capital and CPP Investment Board for $4B. Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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 $2.01 or 1.2 percent, to $171.51. Morgan Stanley unchanged at $31.48.
Munich Re warns on investment returns (Financial Times)
Low claims for major catastrophe losses helped Munich Re to increase quarterly operating profits but the world’s largest reinsurer warned that low investment yields could reduce its returns in coming years.
DST appoints Lauritzen investment accounting solution manager, North America (Finextra)
DST Global Solutions, a leading provider of business solutions and services to the global investment management industry, has today announced the ...
California Investment Manager Pleads to $8.3 Million Fraud (Insurance Journal)
A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander ...
Brazil's Lula meets queen on investment-seeking visit (AFP via Yahoo! News)
Brazilian President Luiz Inacio Lula da Silva met Queen Elizabeth II Thursday on the last day of his trip to Britain, where he sought to drum up investment and signed an Olympic cooperation deal.
2 Men Arrested For Investment Fraud In Carlsbad (KGTV San Diego)
Two men were behind bars Thursday in connection with a $1.2 million investment fraud scheme that targeted non-English speaking Hispanics in Southern California and dates back to 2001, Carlsbad police announced Thursday.
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 $2.19 or 1.3 percent, to $171.69. Morgan Stanley rose $.41 or 1.3 percent, to $31.89.
Costa Rica Foreign Investment to Rebound Next Year, Ruiz Says (Bloomberg)
Nov. 5 (Bloomberg) -- Costa Rica’s foreign direct investment will return to 2008 levels after falling about 30 percent this year, boosted by tourism and investments in ports and telecommunications projects, said Marco Vinicio Ruiz , the country’s minister of foreign trade.
IMS Health to be bought for $4 billion by two investment funds (USA Today)
Health care data company IMS Health said Thursday it is being bought by investment funds TPG Capital and CPP Investment Board for $4 billion.
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 $3.90 or 2.3 percent, to $173.40. Morgan Stanley rose $.94 or 3.0 percent, to $32.42.
Brazil's Lula meets queen on investment-seeking visit (AFP via Yahoo! News)
Brazilian President Luiz Inacio Lula da Silva met Queen Elizabeth II Thursday on the last day of his trip to Britain, where he sought to drum up investment and signed an Olympic cooperation deal.
Gemalto Increases Investment in SaaS Provider (Computer Business Online via Yahoo! UK & Ireland News)
France-based smart card company Gemalto has increased its investment in software-as-a-service (SAAS) provider Serverside, with an option to potentially acquire the company at a later date. Financial terms of the deal were not disclosed.
EU Hedge Fund Rules May Choke Off Investment, Mandelson Says (Bloomberg)
Nov. 6 (Bloomberg) -- U.K. Business Secretary Peter Mandelson will say today that the European Union’s proposed hedge fund rules risk choking off investment needed to help the bloc move out of recession.
3 tips on property investment process (rediff.com)
When it comes to the process of making a property investment and exiting from it, there are a few things like transaction costs, liquidity and cash that you must keep in mind.
Investment funds buying IMS Health (Denver Post)
Health care data company IMS Health Inc. said Thursday it is being bought by investment funds TPG Capital and CPP Investment Board for $4 billion, in a move to help the company restructure its business amid the shifting health care arena and sluggish economy.
MINING FINANCE / INVESTMENT (Mineweb)
With funds increasing investment in commodity indices, interest is moving to reallocate funding in a more sophisticated way away from wheat and into copper, silver and gas among others.
Fortress Investment Loss Lessens (Fox News)
Fortress Investment Loss Lessens
Ohio governor hails Alcoa $110 million investment (San Francisco Chronicle)
Alcoa Inc. plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane. Ohio Governor Ted Strickland said Thursday that the investment will help keep good... Ted Strickland - Alcoa - United States - Ohio - Cleveland Ohio
RBS cuts losses, investment bank slumps  (Reuters via Yahoo! UK & Ireland News)
Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank.
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 $.04 or percent, to $173.36. Morgan Stanley rose $.09 or .3 percent, to $32.51.
AES Raising Capital With China Investment Corp. (Fox News)
AES Raising Capital With China Investment Corp.
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 $1.32 or .8 percent, to $172.08. Morgan Stanley fell $.31 or .9 percent, to $32.12.
AES Raising Capital With China Investment Corp. (MalaysiaNews.net)
NEW YORK -- AES Corp. said it's raising $1.58 billion in new capital as part of a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corp. (CIC). AES said ...
AES draws $2 billion investment from China (Market Watch)
AES Corp. agrees to sell a 15% stake to China Investment Corp. as part of a $2 billion injection of capital into the independent power producer.
AES Expects China Investment To Get U.S. OK (Fox News)
AES Expects China Investment To Get U.S. OK
Fortress Investment Posts Wider 3rd-Qtr Loss (ABC News)
Fortress Investment Group 3rd-quarter loss widens on investment gains
Fortress Investment posts wider 3rd-qtr loss (AP via Yahoo! News)
Alternative asset manager Fortress Investment Group LLC said Friday its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments.