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Investment News 11/2009 (Page 6)



Mubadala eyes investment deals in Asia (Business Times (Malaysia))
LONDON: Abu Dhabi investment fund Mubadala is looking at investment possibilities in Asia, including China, India and Vietnam, a director of the fund said on Monday.
Credit Suisse Hires Nomura’s Donald for U.K. Investment Banking (Bloomberg)
Nov. 16 (Bloomberg) -- Credit Suisse Group , Switzerland’s largest bank, has hired Charles Donald , currently head of U.K. investment banking at Nomura Holdings Inc.
BP Raises Investment Estimate for Norway by 20 Percent for 2011 (Bloomberg)
Nov. 16 (Bloomberg) -- BP Plc , Europe’s second-largest oil company, raised its investment spending estimate for Norway by 20 percent for 2011 as it targets a doubling of output from the Scandinavian nation the following year.
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 $1.27 or .7 percent, to $178.03. Morgan Stanley rose $.84 or 2.5 percent, to $33.93.
Credit Suisse Hires Nomura’s Donald for U.K. Investment Banking (Bloomberg)
Nov. 16 (Bloomberg) -- Credit Suisse Group , Switzerland’s largest bank, has hired Charles Donald , currently head of U.K. investment banking at Nomura Holdings Inc.
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 $.49 or .3 percent, to $177.25. Morgan Stanley rose $1.14 or 3.4 percent, to $34.23.
Terra Firma Writes Down 90 Percent of Its EMI Investment, After Failing to Restructure Debt (paidContent.org via Yahoo! Finance)
Terra Firma's really been brought down to earth, in more ways than one: after failing to restructure EMI's debt, it has written down about 90 percent of its investment in the struggling music label, reports FT.
Thai Minor plans $121 mln investment in 2010 (Reuters via Yahoo! Asia News)
BANGKOK, Nov 17 (Reuters) - Thai hotel and restaurant company Minor International PCL said on Tuesday it planned to spend 4 billion baht ($121 million) in 2010 on investment in its food and hotel businesses.
India Aims $50 Billion/Year Foreign Direct Investment From 2012 Minister (Nasdaq)
NEW DELHI -(Dow Jones)- India aims to attract $50 billion foreign direct investment annually from 2012 and $100 billion from 2017, Commerce and Industry Minister Anand Sharma said Tuesday.
Markets' slide hits Canadian investment funds in October (MalaysiaNews.net)
TORONTO -- Sliding equity markets in North America helped drive down the value of assets under management at Canadian investment funds in October, a month during which investors exited the money marke...
VN investment in Cambodia reached US$1.5 bn (The Nation - Thailand's English news)
Phnom Penh : Vietnamese investors consider Cambodia as a big potential investment destination in the future. So far, its investment in Cambodia has reached US$1.5 billion in the last few years in different sectors such as construction, agriculture, and banking sector.
EU companies increase R&D investment despite crisis (EurActiv)
European firms increased investment in industrial research and development by more than their US or Japanese competitors last year, despite battling a global economic crisis.
Sal. Oppenheim Rejects Macquarie Offer for Investment-Bank Unit (Bloomberg)
Nov. 17 (Bloomberg) -- Sal. Oppenheim Jr. & Cie. rejected an offer from Macquarie Group Ltd. for the investment-banking unit, spokesman Dirk von Manikowsky said by telephone today. He declined to comment on the reason.
ETIHAD DETAILS US $750 MILLION INVESTMENT PACKAGE AT DUBAI AIR SHOW (Thaipr.net)
Etihad Airways, the national airline of the United Arab Emirates, will highlight a US $750 million investment in its workforce, fleet, in-flight service and planning and resourcing systems at this wee
Group Calls for More Investment in Electric Cars (New York Times)
A group of businessmen launched a coalition yesterday to urge the federal government to make a major investment in electric transportation, pointing to electric cars as the best way to confront the nation’s dependence on imported oil, The Associated Press reported.
Taiwan To Decide By Year-End Further Opening To China Investment (Nasdaq)
TAIPEI -(Dow Jones)- Taiwan will consider by the end of this year whether to open more of its industries to Chinese investment, Yen-Shiang Shih, the minister of economic affairs, said Tuesday.
Myer investment house runs against the tide (Business Day)
The Myer Family Office reaped a 49 per cent boost in profit last financial year as the global economic downturn cut the investment returns of many professionals.
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 $.05 or percent, to $177.30. Morgan Stanley fell $.58 or 1.7 percent, to $33.65.
(AFX UK Focus) 2009-11-17 16:17 BRIEF-Moody's: tougher bank terms may challenge future investment-grade liquidity (Interactive Investor)
Nov 17 (Reuters) - Investment-Grade liquidity:
Upstate NY man sentenced for investment scam (WCAX-TV Vermont)
Associated Press - November 17, 2009 11:45 AM ET ALBANY, N.Y. (AP) - A Saratoga County man convicted of fraud for an elaborate investment scam that bilked victims out of more than $1 million...
Capital Investment Companies Launches the Capital Life Audit Program (dBusinessNews.com)
RALEIGH – Capital Investment Companies, one of the largest independent financial services and brokerage firms in the Southeast, launched the firm’s Capital Life Audit Program yesterday at the North Carolina Association of Certified Public Accountants’ 70th Annual Symposium.
S&P, Fitch rate new Boeing notes investment-grade (AP via Yahoo! News)
Standard & Poor's Ratings Services and Fitch Ratings said Tuesday they would assign investment-grade ratings to Boeing Co.'s proposed offering of $1.2 billion in senior unsecured notes.
S&P, Fitch rate new Boeing notes investment-grade (San Francisco Chronicle)
Standard & Poor's Ratings Services and Fitch Ratings said Tuesday they would assign investment-grade ratings to Boeing Co.'s proposed offering of $1.2 billion in senior unsecured notes. S&P said it assigned its A rating to the notes, while Fitch said it... Standard & Poor - Fitch Group - Investment grade - Boeing - Business
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 $.65 or .4 percent, to $176.60. Morgan Stanley fell $.76 or 2.2 percent, to $33.47.
S&P, Fitch rate new Boeing notes investment-grade (Newsday)
S&P, Fitch give investment-grade ratings to Boeing's new senior unsecured notes
Sharjah Investment and Development Authority participates in UAE Businessmen's Forum (AME Info)
The Sharjah Investment and Development Authority "Shurooq" participated in the UAE Businessmen's Forum, entitled "Business Councils and Chambers of Commerce... A partnership to support investment".
Russian lawyer for investment fund dies in custody (Los Angeles Times)
Sergei Magnitsky, 37, had been in ill health, his lawyer says. Magnitsky was jailed for his work with Hermitage Capital Management, a vocal critic of official corruption. A lawyer for Hermitage Capital Management, the investment fund locked in a scandal-soaked clash with Russian authorities, died in a Moscow jail, an Interior Ministry spokeswoman said Tuesday.
Australian Regulator Approves Hanlong Investment in Moly Mines (Bloomberg)
Nov. 18 (Bloomberg) -- Australian regulators approved Sichuan Hanlong Group’s $200 million deal to acquire a majority control of Moly Mines Ltd. The Australian Foreign Investment Review Board has no objections to the proposed deal, Moly Mines said in a regulatory statement.
Sarkozy Plan May Foster EU60 Billion of Investment, Juppe Says (Bloomberg)
Nov. 18 (Bloomberg) -- French President Nicolas Sarkozy’s plan to fund research to boost the nation’s competitiveness may trigger 60 billion euros ($89 billion) of public and private investment, former Prime Minister Alain Juppe said.
EPF appoints deputy CEO for investment (Business Times (Malaysia))
THE Employees Provident Fund (EPF) Board has appointed Shahril Ridza Ridzuan as its new deputy chief executive officer for investment effective 1 December 2009. Currently the Group Managing Director at Malaysian Resources Corporation Berhad (MRCB), Shahril, 39, brings to the EPF vast experiences in the areas of corporate finance, restructuring, mergers and acquisitions as well as property ...
Foreign Direct Investment in Pakistan Fell 53.2% in Four Months (Bloomberg)
Nov. 18 (Bloomberg) -- Overseas direct investment into Pakistan dropped 53.2 percent in the first four months of the fiscal year that started July 1, the central bank said.
Sarkozy Plan May Foster EU60 Billion of Investment (Update1) (Bloomberg)
Nov. 18 (Bloomberg) -- French President Nicolas Sarkozy’s plan to fund research to boost the nation’s competitiveness may trigger 60 billion euros ($89 billion) of public and private investment, former Prime Minister Alain Juppe said.
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 $.14 or .1 percent, to $176.46. Morgan Stanley fell $.08 or .2 percent, to $33.39.
Fla. investment panel raps its executive director (San Francisco Chronicle)
Gov. Charlie Crist and two Cabinet members who sit on a panel that invests state money chastised their top staffer for failing to keep them updated on a Securities and Exchange Commission investigation. But the State Board of Administration on Tuesday also... U.S. Securities and Exchange Commission - Investment - Business - Investing - Law
Gcl-Poly to Raise Hk$5.5 Billion in China Investment Placing (Bloomberg)
Nov. 18 (Bloomberg) -- GCL-Poly Energy Holdings Ltd. said today it will place 3.11 billion new shares to China Investment Corp. at HK$1.79 each, raising net proceeds of about HK$5.5 billion.
SEC subpoenaed former NM state investment officer (AP via Yahoo! News)
The Securities and Exchange Commission subpoenaed former state Investment Officer Gary Bland to testify as part of an investigation into public investment funds in New Mexico, according to documents released Tuesday.
SEC subpoenaed former NM state investment officer (San Francisco Chronicle)
The Securities and Exchange Commission subpoenaed former state Investment Officer Gary Bland to testify as part of an investigation into public investment funds in New Mexico, according to documents released Tuesday. The disclosure came in copies of subpoenas... New Mexico - United States - Society and Culture - Government - Business and Economy
Federal Prosecutors Seek New Mexico Investment Officer’s E-mail (Bloomberg)
Nov. 18 (Bloomberg) -- Federal prosecutors investigating fees paid to politically connected middlemen at New Mexico’s $11 billion endowment funds subpoenaed the e-mails of the state’s former chief investment officer, according to documents released by the State Investment Council.
'Stable' Sierra Leone appeals for foreign investment (AFP via Yahoo! News)
Sierra Leone appealed on Wednesday for increased foreign investment, portraying itself as a country fast recovering from a brutal civil war, in a trade forum backed by former British premier Tony Blair.
Blair encourages investment in Sierra Leone (USA Today)
Former British Prime Minister Tony Blair drummed up support Wednesday for investment in Sierra Leone, arguing that the west African country has recovered from its brutal civil war and could offer unmatched opportunities in agriculture and tourism.
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 $.30 or .2 percent, to $176.90.
St. Charles man pleads guilty in investment fraud (Chicago Tribune)
A St. Charles man has pleaded guilty to criminal charges related to an investment scheme that helped raise money for a Chicago aircraft leasing company. Jason Hyatt, 36, agreed to plea guilty to six counts in an 11-count indictment that accused him of defrauding investors in his investment company, Hyatt Johnson Capital LLC, lying to a bank and tax evasion. He entered the guilty plea Monday, the ...
Fosun CEO Eyes Investment in Consumer, Financial Services (Bloomberg)
Nov. 19 (Bloomberg) -- Fosun International Ltd. , a Chinese company with interests in steel, property and drugs, plan to expand consumer and financial-services investment to take advantage of rising demand in the world’s third-biggest economy.
Investment firm owner pleads guilty to fraud (Chicago Tribune)
A St. Charles man pleaded guilty Monday to six counts in an 11-count indictment accusing him of various federal tax and wire fraud charges stemming from allegations that he defrauded investors in his investment company, Hyatt Johnson Capital LLC.
Hong Kong Exchange Fund 3rd-Quarter Investment Income HK$71.9 Billion (Nasdaq)
HONG KONG -(Dow Jones)- The Hong Kong Exchange Fund's investment gains in the third quarter totaled HK$71.9 billion, up from HK$58.5 billion in the previous quarter, largely due to stock market gains in Hong Kong and overseas, the Hong Kong Monetary Authority said Thursday.
"Senisible investment" needed in transport sector (NZPA via Yahoo!Xtra News)
Transport Minister Steven Joyce says the sector needs "sensible investment", not only in infrastructure, but in simplifying and streamlining regulations.
Gold Pares Decline in Asia on Optimism About Investment Demand (Bloomberg)
Nov. 19 (Bloomberg) -- Gold, which touched an all-time high yesterday, pared early losses on speculation that investment demand for bullion will remain robust as the dollar weakens and inflation accelerates.
Gold Pares Decline in Asia on Optimism About Investment Demand (Bloomberg)
Nov. 19 (Bloomberg) -- Gold, which touched an all-time high yesterday, pared early losses on speculation that investment demand for bullion will remain robust as the dollar weakens and inflation accelerates.
JP Morgan To Buy British Investment Firm (NPR)
JP Morgan Chase Co. is taking full control of Cazenove Group. JP Morgan began a joint venture with the 190-year-old British brokerage in 2005. JP Morgan Cazenove will continue to operate under that name and become a wholly owned part of the U.S. bank's British investment bank arm.
Standard Bank Promotes Munro to Head Global Investment Banking (Bloomberg)
Nov. 19 (Bloomberg) -- Standard Bank Group Ltd., Africa’s largest bank, named David Munro as chief executive officer of global investment banking, promoting him from being the head of its Corporate & Investment Banking unit in South Africa.