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Investment News 11/2009 (Page 8)



TA Enterprise not keen to venture into investment banking (Business Times (Malaysia))
Group managing director and chief executive officer Datin Alicia Tiah said the premium to apply for a investment banking licence was costly compared with the amount of work in Malaysia. TAE would have to pay RM52 million if it wants an investment banking status. "It doesn't make economic sense to pay that much premium to be an investment banker, especially when the field is overcrowded and there ...
Investment firm Chieftain Capital to split: media (Reuters via Yahoo! News)
Chieftain Capital Management, an investment firm with about $3 billion in assets, is breaking up following a rift among its managers, the Wall Street Journal reported on its website on Sunday.
Foreign investment rules to be updated (Brisbane Times)
The federal opposition is supporting tougher rules on foreign investment in Australia.
Gameloft reducing investment on Android platform (People's Daily)
Gameloft, the French mobile phone company, said it is reducing investment in developing games and applications for Google's Android platform, media reported Sunday. "We have significantly cut our investment in Android platform, just like ... many others," Gameloft finance director Alexandre de Rochefort said at an investor conference. Rochefort said the company has cut back on investment mostly ...
'Shurooq' concludes successful participation at 'Investment and Tourism Conference - Oman 2009' (AME Info)
Shurooq delegation. Shurooq's delegation was headed by its CEO, H.E. Marwan Al Sarkal who met with different investors and dignitaries from the GCC and discussed issues related to the tourism sector and investment opportunities that will lead to the growth of the GCC economy.
Joint financing offer for Italian investment in Hungary (Budapest Business Journal)
The Hungarian Investment and Trade Development Agency (ITD Hungary) and the Italian investment bank FINEST signed an agreement on Thursday to provide corporate and individual financing to Italian investors planning to make investments in Hungary, ITD Hungary informed MTI on Friday.
Tougher foreign investment supported (Sky News Australia)
The opposition is supporting tougher rules on foreign investment in Australia -- and complaining that no-one is likely to know about this political togetherness.
Tougher foreign investment supported (BigPond News)
The opposition is supporting tougher rules on foreign investment in Australia.
Harbinger Research issues Investment Report on HearAtLast Holdings (News-Medical-Net)
HearAtLast Holdings, Inc., a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today that Harbinger Research has issued an Investment Report on the Company.
Taiwan to curb China investment: report (AFP via Yahoo! News)
Taiwan plans to restrict Chinese stock investment in strategic sectors, as it seeks to keep control of its economy amid rapidly growing ties with the mainland, local media said Monday.
Deputy PM, Google chief ponder investment opportunities in Iraq (MENAFN)
Deputy PM, Google chief ponder investment opportunities in Iraq
UK prime minister calls for Chinese investment (AP via Yahoo! Finance)
British Prime Minister Gordon Brown will tell business leaders Monday that investment from China could help drive Britain's economic recovery.
Hong Kong Regulator Bans Former CLSA Investment Banker for Life (Bloomberg)
Nov. 23 (Bloomberg) -- Hong Kong’s Securities and Futures Commission has banned Allen Lam Kar Fai, a former director of investment banking at CLSA Equity Capital Markets Ltd., from the industry for life. The action follows Lam’s conviction for insider dealing, the SFC said today in a statement.
Iraq parliament passes investment law (Reuters via Yahoo! News)
Lawmakers said Iraq's parliament passed an investment law on Monday that would allow foreigners to own land for housing projects, and is designed to streamline regulations and applications for foreign investment.
Iraq parliament passes key investment law (Reuters via Yahoo! News)
Iraq's parliament passed an investment law on Monday that would allow foreigners to own land for housing projects, and is designed to streamline regulations and applications for foreign investment, lawmakers said.
NJ man sentenced in $1.8 million investment scam (AP via Yahoo! News)
A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison.
NJ man sentenced in $1.8 million investment scam (San Francisco Chronicle)
A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison. Jeffrey Southard of Pittsgrove also must make full restitution and serve three years of supervised release after... New Jersey - Fraud - Prison - United States - Securities fraud
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 $2.19 or 1.3 percent, to $172.20. Morgan Stanley rose $.80 or 2.5 percent, to $32.90.
BoI to extend Thailand Investment Year (The Nation - Thailand's English news)
The Board of Investment plans to extend its Thailand Investment Year, to give a boost to mega-project-related businesses.
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 $3.21 or 1.9 percent, to $173.22. Morgan Stanley rose $.72 or 2.2 percent, to $32.82.
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 $1.99 or 1.2 percent, to $172.00. Morgan Stanley rose $.52 or 1.6 percent, to $32.62.
Is value-averaging investment better than SIPs? (rediff.com)
Are value averaging investments plans better than systematic investment plans? Do they have any downsides? Here are the answers.
Sembcorp to form JV with Oman Investment (AME Info)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited. The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision.
Indonesia sees crisis in Foreign Investment (People's Daily)
Indonesia's combined foreign and domestic investment during the first 10 months of this year fell 13.8 percent from it was in the same period last year due to the global economic crisis, a local media reported on Tuesday. Speaking in a hearing with the lawmakers from Commission VI in the parliament that oversees trade and investment affairs on Monday, Indonesia's Head of the Investment ...
Investment board has re-shuffle in Dubai (MalaysiaNews.net)
The Investment Corporation of Dubai, the state conglomerate that owns Emirates airlines, has been re-arranged by the state's ruler.
Business investment falls in Q3 (Reuters via Yahoo! UK & Ireland News)
Business investment in Britain fell 3.0 percent between July and September compared with the previous three months, preliminary official data showed on Tuesday.
PZU Says Nine-Month Profit Increases 49% on Investment Income (Bloomberg)
Nov. 24 (Bloomberg) -- PZU SA, Poland’s largest insurer, posted a 49 percent increase in nine-month profit because of rising investment income.
Business investment falls less than expected (Financial Times)
Business investment in every sector of the economy fell less than expected in the third quarter and at a much reduced pace, adding to hopes that the UK is close to returning to growth.
UK Opposition Party Mulls Green Investment Bank If Elected (Nasdaq)
LONDON -(Dow Jones)- The U.K.'s main opposition group, the Conservative Party, is considering creating a so-called Green Investment Bank to help develop new low-carbon technologies if it wins the general election to be held before next June, the party's finance spokesman said Tuesday.
Egypt Foreign Investment $1.7 Billion in First Fiscal Quarter (Bloomberg)
Nov. 24 (Bloomberg) -- Egypt received $1.7 billion in foreign direct investment in the first quarter of the fiscal year that ends in June 2010, the central bank said in a faxed statement today.
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 $.68 or .4 percent, to $171.32. Morgan Stanley fell $.27 or .8 percent, to $32.35.
Metals Stocks: Gold rises as investment demand seen continuing (Market Watch)
NEW YORK (MarketWatch) -- Gold futures continued to rally Tuesday, as an increase in gold holdings backing the largest exchange-traded fund suggested continued investment demand ahead.
(AFX UK Focus) 2009-11-24 17:50 BRIEF-Moody's cuts Gulf Investment's BFS rating (Interactive Investor)
Nov 24 (Reuters) - Gulf 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 $.97 or .6 percent, to $171.03. Morgan Stanley fell $.47 or 1.4 percent, to $32.15.
Gold Ends Slightly Higher On Investment Demand (Fox News)
Gold Ends Slightly Higher On Investment Demand
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 $.87 or .5 percent, to $171.13. Morgan Stanley fell $.50 or 1.5 percent, to $32.12.
SOUTH KOREA REGARDS ASEAN AN INVESTMENT DESTINATION (Bernama via Yahoo! Malaysia News)
SEOUL, Nov 25 (Bernama) -- South Korea regards Asean member countries as a significant destination and partners for investment offering vast opportunities for businesses.
RM1.1b investment in Penang Port upgrade (The Malaysian Insider)
PENANG, Nov 25 — Penang Port Sdn Bhd (PPSB), the port operator, has invested RM1.1 billion over the last five years to upgrade infrastructures at the port and Container Terminal as part of initiatives to pump-prime the state economy, Chief Minister Lim Guan Eng said today. He said the huge investment had indirectly bolstered operations of the port and the terminal, key revenue contributors to ...
S.Korea sees ASEAN as an investment destination (MalaysiaNews.net)
SEOUL: South Korea regards Asean member countries as a significant destination and partners for investment offering vast opportunities for businesses. South Korea has been taking a pro-active approach...
Oil Rises Above $76 as Dollar’s Drop Bolsters Investment Appeal (Bloomberg)
Nov. 25 (Bloomberg) -- Crude oil rose above $76 a barrel as the dollar weakened against higher-yielding currencies amid signs of a global economic recovery, bolstering the investment appeal of commodities.
Investment firm at centre of £4m sex discrimination case 'paid £11,000 tax in 2007' (Daily Telegraph)
A Mayfair investment firm run by a multi-million pound financier at the centre of a £4 million sex discrimination case paid just £11,000 tax in 2007, a tribunal heard.
Government’s investment arm drives economic development with SAP platform (Manila Bulletin)
Bhutan Government’s investment arm (Druk Holding and Investments, “DHI”) and its key subsidiaries (Druk Green Power Corporation, “DGPC” and Bhutan Power Corporation, “BPC”) will adopt the SAP platform across their national power generating facilities to enhance overall operations.
Investment-Grade Composite Spread Tightens To 219 Basis Points (Thaipr.net)
Standard & Poor's investment-grade and speculative-grade composite spreads tightened marginally yesterday to 219 basis points (bps) and 691 bps, respectively. By rating, the 'AA' and 'A' spreads tight
Rice Prices May Return to Record Without Investment, IRRI Says (Bloomberg)
Nov. 25 (Bloomberg) -- Rice prices may return to last year’s record levels and the world will see repeated food shortages without investment to boost production, the International Rice Research Institute said.
China To Seek Foreign Investment In Tourism Industry (Nasdaq)
BEIJING -(Dow Jones)- China will seek to attract foreign investment in its tourism industry and broaden access to the market, as it aims to foster growth in the tourism sector, the government said Wednesday.
SCG to go ahead with VN investment (The Nation - Thailand's English news)
Siam Cement Group, Thailand's largest industrial conglomerate, has decided to proceed with its petrochemical-complex investment in Vietnam, with state oil firm Qatar Petroleum International as a new partner.
South Africa's Public Investment Corporation live on Charles River IMS (Finextra)
Charles River Development (Charles River), a front- and middle-office software solutions provider for investment firms, today announced that the ...
South Africa's PIC Live on Charles River Investment Management System (Wall Street and Technology)
PIC has become one of the largest fixed income and money market investment managers in Africa, with approximately $100 billion in assets under management.
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 $.68 or .4 percent, to $170.45. Morgan Stanley fell $.23 or .7 percent, to $31.89.
Australia to ride Asia-led boom inresources investment (Business Times (Malaysia))
SYDNEY: Australia is expecting an Asia-led boom in resources investment over the next five years, bringing "powerful and broad-ranging" economic benefits, its central bank said yesterday. Deputy Reserve Bank of Australia (RBA) governor Ric Battellino said the economy had emerged from the global financial crisis much better than expected, thanks largely to Asian demand for its commodities. Growth ...