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Investment News 12/2009 (Page 2)



EPF’s 3Q investment income up 53% (The Edge Daily)
KUALA LUMPUR: The Employees Provident Fund’s (EPF) investment income for the third quarter ended Sept 30, 2009 (3Q09) jumped 52.71% to RM5.5 billion from RM3.6 billion in the same quarter last year, riding on equities, loans and bonds.
Rail investment comes up trumps for GrainCorp (Queensland Country Life)
GRAINCORP managing director Mark Irwin says the company was forced to make its investment in the rail freight sector due to Pacific National pulling out of the grain freight business last year.
Raymore man accused of investment fraud scheme (The Kansas City Star)
A Raymore man has been accused in a $2.2 million investment fraud scheme in which one of 31 alleged victims was a hospital patient with dementia. Carl R. Todd, 57, faces six charges in the grand jury indictment, federal authorities said Thursday.
EPF posts RM5.5b investment income for Q3 (Sabah Daily Express)
Kuala Lumpur: The Employees Provident Fund (EPF) generated an investment income amounting to RM5.50 billion in the third quarter of 2009 (Q3 2009), an increase of RM696.32 million or 14.51 per cent over the RM4.80 billion generated in the previous quarter (Q2 2009).
Investment in Indonesia expected to grow 9% in 2010 (People's Daily)
Deputy Governor of Indonesian central bank Halim Alamsyah has said that the investment in the country in 2010 may grow by up to 9 percent, on the back of good economic prospects, local media reported Friday. "We see the year 2010 as the awakening of investment sector. The investment seems to grow between 7 to 9 percent," he was quoted by detik online as saying. Besides, Halim also said that the ...
MFC Global Investment Management launches new SMA website (Investment Executive)
MFC Global Investment Management, the institutional asset management arm of Manulife Financial Corporation, is launching a new Canadian Separately Managed Account website to better serve its sub-advisory client relationships, the company announced on Thursday.
What's the market value for an investment banker? (Mallenbaker.net)
So the CEO and board of Royal Bank of Scotland are threatening a walk-out if the government - which has a majority stake in the company at the moment - vetos its proposed massive bonuses for its investment bankers.
Petrobras to Expand $174.4 Billion Investment Plan (Update1) (Bloomberg)
Dec. 4 (Bloomberg) -- Petroleo Brasileiro SA , Brazil’s state-controlled oil producer, plans to expand its $174.4 billion investment plan as it develops offshore fields in the so-called pre-salt region.
Wellum to exit Portand Investment (Investment Executive)
Jonathan Wellum, CEO and chief investment officer of Portland Investment Counsel Inc., will leave the company on December 31.
£48m broadband investment (Belfast Telegraph)
Broadband speeds in Northern Ireland are set to quicken as a result of a £48 million investment. Related Stories Local government overhaul 'costly' Committee no-show an 'insult' ATM cash raids 'out of control' Woodward confident of policing deal Fears of bomb attack on police HQ
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 $3.26 or 2.0 percent, to $167.56. Morgan Stanley rose $.57 or 1.9 percent, to $30.77.
CalPERS reviews ties with investment firm after guilty plea (The Sacramento Bee)
CalPERS is reviewing its relationship with a Los Angeles investment firm after its principal pleaded guilty in a pension corruption case in New York.
Petrobras to Expand $174.4 Billion Investment Plan (Update2) (Bloomberg)
Dec. 4 (Bloomberg) -- Petroleo Brasileiro SA , Brazil’s state-controlled oil producer, plans to expand its $174.4 billion investment program as it develops offshore fields in the so-called pre-salt region.
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 $.83 or .5 percent, to $165.13. Morgan Stanley rose $.32 or 1.1 percent, to $30.52.
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 $2.94 or 1.8 percent, to $167.24. Morgan Stanley rose $.77 or 2.5 percent, to $30.97.
Fraud convictions for fake investment team (Atlanta Journal-Constitution)
Fraud convictions for fake investment team
TCW Fires Investment Chief Gundlach in Metropolitan Purchase (Bloomberg)
Dec. 4 (Bloomberg) -- TCW Group Inc. said it had relieved Jeffrey E. Gundlach of his duties as chief investment officer and manger of the firm’s Strategic Income Fund.
Care Investment Trust Inc. Declares Quarterly Dividend of $0.17 Per Share (redOrbit)
NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) ("Care" or the "Company") today announced that its Board of Directors has declared a dividend of $0.17 per share of common stock.
Court gives examiner deadline to get investment for bar group firms (Irish Examiner)
THE examiner of companies in the Capital Bars Group which operate several well-known Dublin bars, including Cafe en Seine, The George and Howl At the Moon, has until next Thursday to secure investment vital to his preparation of survival proposals for the companies. Some 175 jobs hang in the balance.
An Inside View of Wilson Sonsini's Fabled Investment Fund (Law.com)
Wilson Sonsini's famed investment fund, which the firm uses to invest in promising tech clients, is a thing of Silicon Valley legal lore. There are stories from the boom years of litigation associates becoming corporate lawyers so they could get a bigger stake in the investments. And there's the debate about whether such a fund creates conflicts of interest. Documents reviewed by The Recorder ...
TCW Fires Investment Chief Gundlach in Metropolitan Purchase (Bloomberg)
Dec. 5 (Bloomberg) -- TCW Group Inc., the Los Angeles-based money manager overseeing $110 billion, fired Chief Investment Officer Jeffrey E. Gundlach and replaced him as fixed-income head with the co-founder of a bond firm it acquired.
Salaries a touch too high at gov’t investment arm: auditors (Thanh Nien Daily)
State Capital Investment Corp., the investment arm of the government also known as SCIC, paid huge salaries to its executives last year despite unimpressive business performance, state auditors said.
Convicted ex-investment broker gets 2nd sentence (Daily Journal)
TRENTON -- A former Salem County investment broker already sentenced to federal prison for defrauding at least 16 South Jersey clients received a concurrent state prison term Friday.
Woman sentenced to prison for investment fraud role (Columbia Daily Tribune)
A woman with Columbia connections was sentenced to two years in federal prison and ordered to pay $2.43 million in restitution for her role in a million-dollar investment scam that was exposed in 2006.
New center signals Hernando's investment in black community (St. Petersburg Times)
Here is Hernando's version of police investment in the black community circa 1964: Make the newly hired part-time deputy drive his personal vehicle as a patrol cruiser. Hey, at least the Sheriff's Office paid to install the emergency lights.
South Jersey man gets 15-year sentence in investment fraud (Daily Record)
MOUNT HOLLY, N.J. (AP) — A southern New Jersey securities broker previously sentenced to eight years in federal prison for investment fraud has been sentenced to 15 years in state prison in the same case.
Pre-Budget report: Banks reluctant to back national investment corporation (Daily Telegraph)
Government officials are struggling to sign up banks, institutional investors and private equity firms to invest in a new £1bn national investment corporation that will back medium-sized companies.
Morris-Sussex-Warren Workforce Investment Board offers free medical billing/coding training (The Warren Reporter)
The Morris-Sussex-Warren Workforce Investment Board and its One-Stop Career Center network are part of a pilot program offering free online training courses in medical billing and coding. The federally-funded training includes an array of online courses provided by MEDCOM, a...
EPFO puts off decision on investment in secondary market (The Hindu)
NEW DELHI: The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) on Saturday failed to take a decision on investment of a percentage of its corpus fund in the secondary market and put it off for further ...
Press on with measures to attract foreign investment (The Star)
MALAYSIA is entering upon a higher plane in foreign investment procurement. Such phases are not new, except that there may be a double bind in these efforts.
Int'l oil investment shrinks 20% amid financial crisis: OAPEC (People's Daily)
Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said Saturday that international investment in petroleum has shrank 20 percent due to the global financial crisis. They made the remarks at the 83rd OAPEC ministerial meeting, during which a chorus of satisfaction over the current oil prices and production quota, set one year ago by Organization of Petroleum ...
Sri Lanka back on investment radar (AFP via Yahoo! News)
Sri Lanka is back on the global investment radar after government forces in May ended a nearly four-decade separatist war with Tamil guerrillas, fund managers and analysts say.
MUHYIDDIN'S INVESTMENT MISSION TO JAPAN TIMELY (Bernama via Yahoo! Malaysia News)
TOKYO, Dec 6 (Bernama) -â Deputy Prime Minister Tan Sri Muhyiddin Yassinâs investment mission to Japan starting tomorrow is timely, to help forge deeper alliances between Japanese industrialists and Malaysian companies when the global economy begins to show signs of recovery.
Muhyiddin's Investment Mission To Japan Timely (Bernama)
From Saraswathi Muniappan TOKYO, Dec 6 (Bernama) -- Deputy Prime Minister Tan Sri Muhyiddin Yassin's investment mission to Japan starting tomorrow is timely, to help forge deeper alliances between Japanese industrialists and Malaysian companies when the global economy begins to show signs of recovery.
Investment adviser sees brighter economy in the future (The Tennessean)
Like most investment pros, Jim Russell of U.S. Bank's wealth management operation was caught a bit off guard by a surprising dip to 10 percent in the nation's unemployment rate for November - but only a little.
Kuwait Investment Authority sells Citigroup stake (MalaysiaNews.net)
The Kuwait Investment Authority made a 37 percent return on its initial investment, Arabiya said.An Arabiya official said the report was based on a statement sent exclusively to the news network.
1,000 investment bankers leave RBS (Belfast Telegraph)
Part-nationalised Royal Bank of Scotland has lost more than 1,000 investment bankers to rivals amid a Government clampdown on bonuses, it has been reported. Related Stories Kraft launches hostile Cadbury bid Bankers facing windfall tax threat Tesco to reveal latest performance Unemployment 'set to rise in 2010' Bankers 'face windfall tax threat'
Kuwait Investment Fund Sells Citigroup Stake for $4.1 Billion (Bloomberg)
Dec. 6 (Bloomberg) -- Kuwait Investment Authority, the nation’s sovereign-wealth fund, sold its stake in Citigroup Inc . for $4.1 billion after helping the U.S. bank boost capital amid the worst financial crisis since the Great Depression.
Investment Dar Asks Investors to Review Restructuring Plan (Bloomberg)
Dec. 6 (Bloomberg) -- Investment Dar Co. KSCC, the Kuwait- based owner of half of Aston Martin Lagonda Ltd., presented a restructuring plan to investors and asked them to review the proposal before Dec. 23, the company said in a statement to Nasdaq Dubai today.
1,000 investment bankers leave RBS (Belfast Telegraph)
Part-nationalised Royal Bank of Scotland has lost more than 1,000 investment bankers to rivals amid a Government clampdown on bonuses, it has been reported. Related Stories Unemployment 'set to rise in 2010' Bankers 'face windfall tax threat' John Lewis sees weekly sales rise Amazon 'plans high street assault' Rate predicted to stay on hold
1,000 investment bankers leave RBS (Belfast Telegraph)
Part-nationalised Royal Bank of Scotland has lost more than 1,000 investment bankers to rivals amid a Government clampdown on bonuses, it has been reported. Related Stories Tesco to reveal latest performance Unemployment 'set to rise in 2010' Bankers 'face windfall tax threat' Amazon 'plans high street assault' Rate predicted to stay on hold
MINING FINANCE / INVESTMENT (Mineweb)
Gold bullion and Randgold Resources are the top performers as assessed by the UK's Sunday Times in terms of investment sector and stock gains respectively over the past decade.
Dover Motorsports (DVD) - an interesting investment opportunity (Guru Focus)
By Mariusz Skonieczny. Dover Motorsports is an interesting investment opportunity. I stumbled upon it while writing a report about International Speedway Corporation for my clients. Please refer to my report on International Speedway Corporation for background on NASCAR and the racing industry. Read more » »
Coal Plant Investment Can Add $2.7 Trillion to GDP, Study Says (Bloomberg)
Dec. 4 (Bloomberg) -- A $1.2 trillion investment by 2050 in building coal power plants will add $2.7 trillion to the gross domestic product, according to a report by a federal advisory group that includes industry representatives.
Kuwait Investment Fund Sells Citigroup Stake for $4.1 Billion (Bloomberg)
Dec. 6 (Bloomberg) -- Kuwait Investment Authority, the nation’s sovereign-wealth fund, sold its stake in Citigroup Inc . for $4.1 billion after helping the U.S. bank boost capital amid the worst financial crisis since the Great Depression.
Brazil No Economic ‘Superpower’ as Investment Lags: Week Ahead (Bloomberg)
As demand recovers after Brazil’s first recession since 2003 -- helped by public spending, tax cuts and lower borrowing costs -- investment in new capacity rebounded too slowly to guarantee near-term supply, according to Morgan Stanley and Credit Agricole SA. Quickening inflation and rising interest rates may slow gains in the benchmark Bovespa index from 80 percent this year to less than 30 ...
JAPANâS INVESTMENT IN M'SIA SURGES TO US$1.87 BIL (Bernama via Yahoo! Malaysia News)
TOKYO, Dec 7 (Bernama) â- Japanâs investment in Malaysia between January and September alone surged to US$1.87 billion involving 45 approved projects as compared with US$1.6 billion total investment in 2008 with 60 approved projects.
Japan's investment in M'sia surges to US$1.87 bil (Sin Chew Jit Poh)
TOKYO, Dec 7 (Bernama) –- Japan's investment in Malaysia between January and September alone surged to US$1.87 billion involving 45 approved projects as compared with US$1.6 billion total investment in 2008 with 60 approved projects.
Enea May Spend 1 Billion Zloty on Investment in 2010, PAP Says (Bloomberg)
This includes investment related to building a new power plant at its Elektrownia Kozienice unit, PAP reported. The power group expects sales of energy in 2010 to be at similar levels to this year and to increase from 2011, Owczarek told the newswire.
Muhyiddin: Govt committed to improving investment environment (The Star)
TOKYO: The Government remains committed to improving the country’s investment environment as it is currently on a higher status of industrialisation.