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Investment News 02/2010



Arab investment fund gets started in Palestinian territories (MalaysiaNews.net)
Two Arab investment companies have announced the launch of the first private equity fund in the region.
HSBC happy with BoCom as China investment vehicle - CEO  (Reuters via Yahoo! UK & Ireland News)
HSBC Holdings is happy with its stake in Bank of Communications as its primary investment vehicle in China, HSBC's chief executive said on Monday.-
(AFX UK Focus) 2010-02-01 02:39 HSBC happy with BoCom as China investment vehicle -CEO (Interactive Investor)
HONG KONG, Feb 1 (Reuters) - HSBC Holdings is happy with its stake in Bank of Communications as its primary investment vehicle in China, HSBC's chief executive said on Monday. Speaking in an interview on CNBC, HSBC chief executive Michael Geoghegan made his comments after Britain's Sunday Telegraph reported that the British lender was considering a bid for a major Chinese bank to reinforce its ...
Xstrata mulls $15b Queensland coal investment (Business Day)
Xstrata is considering up to $15 billion investment to boost output at its thermal coal project to 100 million tonnes a year.
AUO to add 15 billion yen investment in Japan-based poly-Si maker M.Setek (Digi Times)
Taiwan-based TFT-LCD panel maker AU Optronics (AUO) on January 29 announced the additional investment of 15 billion yen (US$167 million) in M.Setek, AUO's poly-Si material subsidiary based in Japan, through subscription to new shares to be issued by M.Setek.
Generator looks for investment now it has resource consents (ShareChat)
An innovative hydro scheme to generate electricity while dealing with historic mine leachates from the West Coast's Stockton plateau has been granted resource consents which could add between 20MW and 50MW of electricity generation capacity if investment partners can be found.
Investment group buys debt on industrial park (The Indianapolis Star)
Indianapolis -- Mann Properties is part of a new investment group called GCP Investment that has bought the debt on Georgetown Commerce Park, 7301 Georgetown Road. Mann will lease and manage the two-building, 150,000-square-foot industrial park, which is in foreclosure. (Star report)
Investment fund seeks £100m to put into property (Yorkshire Post Today)
THE managers of a new investment fund which will target real estate in the North of England say they have won support from The Royal Bank of Scotland and Nationwide. (31/01/2010 19:25:45)
My Dumbest Investment (Tulsa World)
My dumbest investment has been keeping too much of my 401(k) money in my employer's stock. Shares have fallen from $47 in February 2007 to close to $1 recently. I accumulated a lot of shares over 20 years. ...
BOT lifts overseas investment ceiling to $50 bn (The Nation - Thailand's English news)
The Bank of Thailand has lifted the outstanding value of combined overseas investment from US$30 billion to $50 billion, as part of its move to counter greater currency volatility.
AMG to Make Investment in U.K. Fund Manager Artemis Investment (Bloomberg)
Feb. 1 (Bloomberg) -- Affiliated Managers Group Inc. and the management team of Artemis Investment Management Ltd. have reached a definitive agreement to buy 100% of the equity of Artemis from Fortis Bank SA/NV.
Moly Mines says nod for Hanlong investment delayed (Reuters via Yahoo! Asia News)
Feb 1 (Reuters) - Australian base minerals explorer Moly Mines Ltd. said China's foreign exchange regulator was yet to approve an investment by Hanlong Mining Investment Pty Ltd's investment in the company.
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 $2.61 or 1.8 percent, to $151.33. Morgan Stanley rose $.97 or 3.6 percent, to $27.75.
Think of your charitable contribution as an investment (MalaysiaNews.net)
Before you make a charitable donation, do the same research you would when making any other investment, suggests Rebecca Davies, director of fundraising with Doctors Without Borders.
Investment consent for Wyuna (Otago Daily Times)
The Overseas Investment Commission has granted consent for the Wyuna Station to transfer 84ha of preserve land to a residents' association, clearing the way for a new subdivision on the station.
Abraaj Capital, Palestine Investment Fund Launch $50 Mln Private Equity Fund (Mena Report)
The Palestine Investment Fund (PIF), a publicly owned investment fund which aims to strengthen the Palestinian economy through key strategic investments, and private equity group Abraaj Capital announce the first closing of a US$50 million private equity fund dedicated to Palestine.
First liquidators appointed to an open ended investment company (Accountancy Age)
The first provisional liquidators to an open ended investment company ( OEIC ) are set to be appointed. Lawyers from Charles Russell secured the appointment of provisional liquidators to an OEIC.
Canada-Quebec Investment in Four Green Infrastructure Projects in the Montreal Region (Marketwire)
MONTREAL, QUEBEC--(Marketwire - Feb. 1, 2010) - Steven Blaney, MP for Lévis-Bellechasse, and Line Beauchamp, Quebec Minister of Sustainable Development, the Environment and Parks, are pleased today to announce their support for four green infrastructure projects in the Greater Montreal Region. The projects represent a total investment of nearly $559M for the region. To carry out the projects ...
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 $4.65 or 3.1 percent, to $153.37. Morgan Stanley rose $.97 or 3.6 percent, to $27.75.
Investment group misses McLane's deadline (AP via Yahoo! Sports)
Houston Astros owner Drayton McLane is apparently keeping his team. McLane, who bought the team in November 1992 for about $117 million, had set a Jan. 31 deadline for an investment group to make an offer. On Monday, McLane said "nothing materialized" and he was looking ahead to the 2010 season.
Investment group misses bid deadline for Astros (CBS Sports)
Houston Astros owner Drayton McLane, who bought the team in November 1992 for about $117 million, set a Jan. 31 deadline for an investment group to make an offer. On Monday, McLane said "nothing materialized" and he was looking ahead to the 2010 season.
Stock School: Student-Managed Investment Plans (Investopedia via Yahoo! Finance)
Student-managed investment funds offer future investment professionals a chance to manage real money while earning their degrees.
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 $4.41 or 3.0 percent, to $153.13. Morgan Stanley rose $.78 or 2.9 percent, to $27.56.
UPDATE: Barclays Wealth Hires Investment Representatives (Fox News)
UPDATE: Barclays Wealth Hires Investment Representatives
UK Opposition To Set Out Plans For Green Investment Bank (Fox News)
UK Opposition To Set Out Plans For Green Investment Bank
Siemens to increase Indian investment (AP via Yahoo! Finance)
German industrial conglomerate Siemens AG said Tuesday it would double its annual investment in India to euro250 million , as it continues to grow in emerging market economies.
[NEWS ] RESIDENTIAL PROPERTY MARKET TO FLOURISH IN 2010, SAYS INVESTMENT BANK (Bernama via Yahoo! Malaysia News)
As for property sector, MIDF Amanah Investment Bank maintained neutral as it expects property sales to undergo a minor correction when Bank Negara Malaysia begins to tighten monetary policy and foreign funds start withdrawing should the economic recovery lose its momentum.
Residential property market to flourish in 2010, says investment bank (The Malaysian Insider)
UPDATED KUALA LUMPUR, Feb 2 – The residential property market is expected to thrive this year as it rides on the surge in demand, particularly in the medium-high segment, says MIDF Amanah Investment Bank Bhd. Although new property launches in key cities like Kuala Lumpur, Johor Baru and Penang had been less encouraging, the expected stronger economy this year should see the launches of ...
Residential Property Market To Flourish In 2010, Says Investment Bank (Bernama)
KUALA LUMPUR, Feb 2 (Bernama) -- The residential property market is expected to thrive this year as it rides on the surge in demand, particularly in the medium-high segment, says MIDF Amanah Investment Bank Bhd.
Saudi Investment Fund to Finance Mecca-Medina Railway (Update1) (Bloomberg)
Feb. 2 (Bloomberg) -- Saudi Arabia’s Public Investment Fund will provide interest-free loans to speed up work on a rail line linking Islam’s two holiest cities, the state-owned Saudi Press Agency said late yesterday.
BNY Mellon to Buy PNC’s Global Investment Unit for $2.31 Bln (Bloomberg)
Feb. 2 (Bloomberg) -- BNY Mellon announced a definitive agreement to acquire PNC’s Global Investment Servicing Inc. business, a provider of custody, fund accounting, transfer agency and outsourcing solutions for asset managers and financial advisors.
BNY Mellon to Buy PNC’s Investment Unit for $2.31 Billion (Bloomberg)
Feb. 2 (Bloomberg) -- Bank of New York Mellon Corp agreed to buy PNC Financial Services Group Inc.’s global investment- servicing business for $2.31 billion to add hedge-fund and mutual-fund clients.
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 $1.53 or 1.0 percent, to $154.66. Morgan Stanley rose $.11 or .4 percent, to $27.67.
BNY Mellon buying PNC's investment servicing unit (Pittsburgh Post-Gazette)
PNC Financial Services Group struck a deal to sell its global investment servicing business to Bank of New York Mellon for $2.31 billion, the companies announced this morning
Hitachi expanding Thai investment (The Nation - Thailand's English news)
Hitachi Asia is boosting its investment here to position Thailand as its manufacturing base for Asia and the Middle East and a centre for research and development of energysaving products.
Think of your charitable contribution as an investment (MalaysiaNews.net)
Before you make a charitable donation, do the same research you would when making any other investment, suggests Rebecca Davies, director of fundraising with Doctors Without Borders.
Economy headed for investment boom (The Courier Mail)
DECISIONS on business investment projects over the next six months will be the key to whether the country heads for another investment boom, an independent forecaster says.
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 $2.10 or 1.4 percent, to $155.23. Morgan Stanley rose $.01 or percent, to $27.57.
Unum 4Q profit surges as investment losses shrink (AP via Yahoo! Finance)
Employee benefits and disability insurance provider Unum Group said Tuesday profit for the fourth quarter more than quadrupled as it saw investment losses shrink to a fraction of last year's levels.
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 $3.81 or 2.5 percent, to $156.94. Morgan Stanley rose $.50 or 1.8 percent, to $28.06.
Former Phoenix woman indicted in investment scheme (The Arizona Republic)
Authorities say a former Phoenix woman has been indicted on eight felony counts in an investment scheme that defrauded 32 investors out of more than $500,000.
UPDATE: MetLife Profit Falls 70% On Investment Losses (Fox News)
UPDATE: MetLife Profit Falls 70% On Investment Losses
San Bernardino Countys investment pool tops list (The Press-Enterprise)
San Bernardino County's $4.9 billion investment pool has earned the top spot in a research firm's rankings of local investment pools, Assistant Treasurer-Tax Collector Annette Kerber announced Tuesday.
European Investment Bank to sell new 3yr NZ$ bonds (Reuters via Yahoo! Malaysia News)
SYDNEY, Feb 3 (Reuters) - The European Investment Bank [EIB.UL ] has a launched a sale of new three-year New Zealand dollar denominated bonds, lead manager of the sale ANZ said on Wednesday.
Investment roadshow to India (Bangkok Post - Thailand's English news)
Industry Minister Charnchai Chairungruang and a senior officials from the Board of Investment (BoI) will visit India from Feb 14 to 19 on a campaign to encourage greater Indian investment in Thailand, BoI secretary-general Atchaka Siboonruang said on Wednesday.
GPF expands foreign investment (The Nation - Thailand's English news)
The Government Pension Fund sets sight on increasing foreign investment, though in a caution manner, said its new secretary-general Sopawadee Lertmanaschai.
Liverpool co-owners need £100m investment deal, says Christian Purslow (Daily Telegraph)
George Gillett and Tom Hicks unlikely to be able to refinance £237 million debt should search to attract investment fail.
Saudi Investment books highest 2009 provisions in Q4 (Reuters via Yahoo! Asia News)
RIYADH, Feb 3 (Reuters) - Saudi Investment Bank <1030.SE> (SAIB) booked 434.6 million riyals ($115.9 million) in provisions for loan losses in the fourth quarter, the highest in 2009, official data showed.
Nordic Investment Bank 2010 funding tgt 4.1 bln eur (Reuters via Yahoo! Malaysia News)
COPENHAGEN, Feb 3 (Reuters) - The Nordic Investment Bank's (NIB) 2010 funding target is 4.1 billion euros ($5.70 billion) compared with 4.2 billion euros last year, the regional environment-focused project financier said on Wednesday.
Mirvac slashes investment portfolio (The Australian)
MIRVAC has wiped $124.6 million off its $4 billion-plus investment portfolio.