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Investment News 12/2009



Hong Leong Investment Bank appoints new MD (MalaysiaNews.net)
PETALING JAYA: Hong Leong Investment Bank Bhd (HLIB) has appointed Lee Jim Leng managing director and chief executive officer with effect from Nov 24. In a statement, HLIB said Lee has 20 years of fin...
Chinese 'oppose' Aussie investment (BigPond News)
Nearly half of Chinese people oppose investment in their country by the Australian government.
Trustmark selling stock to pay back US investment (Newsday)
Trustmark Corp. to sell $100 million shares, use proceeds to pay back government's investment
India Government Official:May Miss Infrastructure Investment Target (Nasdaq)
MUMBAI -(Dow Jones)- India may miss its infrastructure investment target for the five years ending March 31, 2012, a government official said Tuesday.
Malaysia seeks to rebuild investment after lost decade (The Malaysian Insider)
KUALA LUMPUR, Dec 1 — Malaysia will undertake further economic reforms aimed at boosting investment and growth after spending a decade “stagnating” in the wake of the 1998 Asian financial crisis, a top finance official said today. Malaysia, which has lost ground to neighbours like Indonesia in the race for foreign investment, needs to rebuild confidence by providing the highest standards of ...
Pakistan’s Gilani Says Investment Treaty Signed With Germany (Bloomberg)
Dec. 1 (Bloomberg) -- Pakistani Prime Minister Yousuf Raza Gilani said that he will sign a treaty with Germany today to increase German investment in Pakistan. Gilani made his comments to reporters in Berlin today after talks with Chancellor Angela Merkel.
Eskom Seeks $5.4 Billion Investment, Cuts Tariff Bid (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- Eskom Holdings Ltd. cut the amount it wants to boost South African power prices by and said it may seek 40 billion rand ($5.4 billion) in private investment and encourage competition to meet the shortfall in funding needed to pay for its expansion.
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 $.50 or .3 percent, to $169.16. Morgan Stanley rose $.22 or .7 percent, to $31.80.
Lawmakers endorse overhaul of NM investment boards (AP via Yahoo! News)
A legislative panel proposes to overhaul the governing boards of New Mexico's investment and pension funds.
Lawmakers endorse overhaul of NM investment boards (AP via Yahoo! Finance)
A legislative panel proposes to overhaul the governing boards of New Mexico's investment and pension funds. Lawmakers said Monday their goal is to improve management of state investments.
US charges Fla. lawyer with $1B investment fraud (AP via Yahoo! News)
A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme that used phony legal settlements.
Lawmakers endorse overhaul of NM investment boards (San Francisco Chronicle)
A legislative panel proposes to overhaul the governing boards of New Mexico's investment and pension funds. Lawmakers said Monday their goal is to improve management of state investments. The proposals come as federal investigators are looking at state... New Mexico - United States - Pension - Society and Culture - Government
Fla. lawyer charged with $1B investment fraud (AP via Yahoo! News)
A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements.
Mexico May Postpone Foreign Phone-Investment Law, Senator Says (Bloomberg)
Dec. 1 (Bloomberg) -- Mexico’s Senate may postpone a decision on eliminating foreign investment caps for phone companies until next year, potentially delaying investment in carriers like Axtel SAB.
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 fell $1.68 or 1.0 percent, to $167.98. Morgan Stanley rose $.12 or .4 percent, to $31.70.
Fla. lawyer charged with $1B investment fraud (AP via Yahoo! News)
A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements.
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 $2.03 or 1.2 percent, to $167.63. Morgan Stanley fell $.06 or .2 percent, to $31.52.
Investment analysts downgrade Rutherford's bond rating (The Record and Herald News)
Moody’s Investment Service downgraded Rutherford from a rating of A1 to A3, citing a low balance of only $2,000 at the end of 2008.
$200 investment in RV is lost in accidental fire (Arizona Daily Star)
A Tucson man's $200 used RV investment went up in smoke Monday night when it was destroyed by an accidental fire, an official said.
Improving investment promotion (Việt Nam News)
HA NOI — Increase of the State management in investment promotion and close co-operation among ministries, sectors, provinces and cities should increase the effectiveness of investment promotion activities, according to an official of the South Foreign Investment Centre (SFIC).
Fla. lawyer arrested in alleged investment fraud (Denver Post)
A once- high-flying lawyer who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements.
Thai court partially lifts investment ban at industrial estate (Thailandnews.net)
Bangkok - The Thai Supreme Administrative Court relaxed Wednesday part of the investment ban at a key industrial estate known as Map Ta Phut. The court said that 11 of 76 suspended projects were now f...
Growth controls help Portland-area get strong real estate investment ranking amid gloomy market outlook (The Oregonian)
The Portland area ranks as the nation's No. 16 region for commercial/multifamily real estate investment, a strong ranking due in large part to growth controls and promotion of infill development.
Dubai Debt Crisis Won’t Slow Persian Gulf Investment in Georgia (Bloomberg)
Dec. 2 (Bloomberg) -- Dubai’s debt crisis won’t impair Georgia’s long-term plans to attract investment from the Persian Gulf region as the former Soviet republic attempts to rebuild an economy buffeted by a war with Russia and the global slump.
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 $1.20 or .7 percent, to $166.43. Morgan Stanley fell $.73 or 2.3 percent, to $30.79.
Malaysia, HK in pact to boost trade, investment (Business Times (Malaysia))
MALAYSIA and Hong Kong on Tuesday signed a joint declaration cooperation to enhance bilateral trade and investment relations. The Declaration on Strengthening Economic Cooperation, signed by International Trade and Industry Minister Datuk Mustapa Mohamed on behalf of Malaysia and Hong Kong by its Secretary for Commerce and Economic Development, Rita Lau, took place in Geneva, Switzerland, said a ...
Malaysia, HK in pact to boost trade, investment (Business Times (Malaysia))
MALAYSIA and Hong Kong on Tuesday signed a joint declaration cooperation to enhance bilateral trade and investment relations.
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 $1.57 or .9 percent, to $166.06. Morgan Stanley fell $.62 or 2.0 percent, to $30.90.
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 $.97 or .6 percent, to $166.66. Morgan Stanley fell $.92 or 2.9 percent, to $30.60.
Citigroup Sells Debt as Part of Abu Dhabi Investment (Update2) (Bloomberg)
Dec. 2 (Bloomberg) -- Citigroup Inc. sold $1.875 billion of five-year senior debt as part of terms for a cash injection from Abu Dhabi Investment Authority in 2007, according to data compiled by Bloomberg.
U.K. Car Insurers to Raise Rates as Investment Income Dwindles (Bloomberg)
Dec. 3 (Bloomberg) -- U.K. car insurers will have to raise premiums by a further 5 percent to make up for lower investment returns this year, according to research by Deloitte LLP.
Concern for investment in Indonesia's mining sector (ABC Radio Australia)
Indonesia's peak mining body has warned investment in the sector for 2009 could drop below one-billion dollars for the first time in five years because of stalled changes to legislation.
2009 Canadian Investment Award winners announced (Investment Executive)
Two fund managers were singled out for special recognition at the Canadian Investment Awards presented Wednesday night in Toronto.
Dollar Slide Will Halt on ‘Aggressive’ Fed, BT Investment Says (Bloomberg)
Dec. 3 (Bloomberg) -- The U.S. dollar will extend its drop versus the euro and reach parity with Australia’s dollar in 2010 before “aggressive” interest-rate increases by the Federal Reserve boost the greenback, BT Investment Management said.
BoI targets Bt400 bn investment applications (The Nation - Thailand's English news)
The Board of Investment (BoI) yesterday expressed confidence to achieve its investment promotion target of Bt400 billion this year despite the slow economic recovery.
Multiple investment options in India to lure NRI funds (The Times of India)
With the Indian economy on a long-term growth curve, non-resident Indians (NRIs) can look at multiple investment options available to them to park their funds in their home country.
CIBC Quarterly Profit Rises on Investment Banking (Update1) (Bloomberg)
Dec. 3 (Bloomberg) -- Canadian Imperial Bank of Commerce , the country’s fifth-largest bank, said fourth-quarter profit rose 48 percent on higher investment-banking fees and trading revenue.
Forint Strengthens on Emerging-Market Rally, Foreign Investment (Bloomberg)
Dec. 3 (Bloomberg) -- The Hungarian forint advanced to a one-week high against the euro as emerging-market assets rallied and analysts speculated direct investment from South Korea and Germany will boost the currency.
CIBC Quarterly Profit Rises on Investment Banking (Update2) (Bloomberg)
Dec. 3 (Bloomberg) -- Canadian Imperial Bank of Commerce , the country’s fifth-largest bank, said profit rose 48 percent, beating analysts’ estimates, on higher investment-banking fees and trading revenue.
Turkey Upgraded 2 Levels to Brink of Investment Grade by Fitch (Bloomberg)
Dec. 3 (Bloomberg) -- Turkey’s credit ranking was lifted two levels to the brink of investment-grade status by Fitch Ratings, which cited the economy’s “resilience” during the global financial crisis. Bonds surged the most in two weeks.
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 $.58 or .3 percent, to $167.24. Morgan Stanley rose $.42 or 1.4 percent, to $31.02.
Dallas-based TelaDoc Medical Services gets $9M investment (Dallas Morning News)
TelaDoc Medical Services, a Dallas-based provider of remote medical consultation, on Thursday said it has received a $9 million venture capital investment for its next phase of growth.
Motorola Multitouch Investment Could Herald Buttonless Smartphone (AllThingsD Online via Yahoo! Finance)
Some interesting investment news from Motorola today. The companys investment arm, Motorola Ventures, has put some money into Sensitive Object, a French startup that developed a haptic technology that can transfom most any surface into a multi-touch interface.
Investment Consultants Believe that ESG Considerations by Investors Are Here to Stay (SocialFunds.com)
By Robert Kropp. The Social Investment Forum surveyed US-based investment consultants and found that while they expect client interest in ESG will continue to grow, many remain uncertain of the financial impacts.
Raymore man accused of investment fraud scheme (The Kansas City Star)
A Raymore man has been indicted in a $2.2 million investment fraud scheme in which one of 31 alleged victims was a hospitalized man with frontal lobe dementia. Carl R. Todd, 57, faces six-counts of fraud-related charges in the grand-jury indictment, federal authorities announced today.
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 fell $.16 or .1 percent, to $166.50. Morgan Stanley rose $.23 or .8 percent, to $30.83.
MGIC Investment Jumps on Volume Spike (TheStreet.com)
MGIC Investment rallied after state regulators eased capital requirements for the insurance company.
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 $2.36 or 1.4 percent, to $164.30. Morgan Stanley fell $.40 or 1.3 percent, to $30.20.
Geithner Says Taxpayers to Make $2.5 Billion on BofA Investment (Bloomberg)
Dec. 3 (Bloomberg) -- U.S. taxpayers stand to make at least $2.5 billion on the government’s $45 billion investment in Bank of America Corp., Treasury Secretary Timothy Geithner said.
EPF earns RM5.5bil investment income for third quarter (MalaysiaNews.net)
KUALA LUMPUR: The Employees Provident Fund (EPF) generated an investment income amounting to RM5.5bil in the third quarter of 2009, an increase of RM696.32mil, or 14.51%, over the RM4.8bil generated i...