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Investment News 03/2010



Foreign investment in Russia plunges 21 percent in 2009 (People's Daily)
Foreign investment in Russia slumped 21 percent in 2009 to 81.9 billion U.S. dollars, the Federal State Statistics Service (Rosstat) said Saturday. In the same period, foreign direct investment dropped 41 percent to 15.9 billion dollars, portfolio investment fell 37.7 percent to 882 million dollars, and other investment was down 13.5 percent to 65.14 billion dollars, Rosstat said. Accumulated ...
Investment team may seek Pistons (Crain's Detroit Business)
The Detroit Pistons may become the target of an investment consortium that includes the owners of three U.S. pro sports franchises and is publicly fronted by a Rochester businessman.
Korean team to study Jordan investment environment (MENAFN)
Korean team to study Jordan investment environment
Iraq's 1st agro-investment conf. in Thi-Qar (MENAFN)
Iraq's 1st agro-investment conf. in Thi-Qar
THE SAVINGS GAME: Consumer groups say `suitable' investment advice isn't enough (Long Beach Press-Telegram)
On the Web site of the brokerage firm Edward Jones (www.edwardjones.com), under the information and accolades about the company and its investment insights, you'll find the words "Revenue Sharing Information" near the left-hand corner of the home page.
GBP350K Investment for Social Recruitment Service BraveNewTalent.com (PR Newswire via Yahoo! Finance)
BraveNewTalent.com , an online business which connects people to employers via a social network, has secured GBP350,000 of investment to fuel its development and international growth.
Terasol Announces Strategic Investment from Argos Groep and Acquisition of Heliagro (PRWeb)
Terasol Energy, LLC (www.terasolenergy.com) today announced that it has received a strategic investment from Argos Groep BV, a Netherlands-based diversified global energy company. With this investment, which consists of both equity and debt, Argos is now the majority shareholder of Terasol. In addition, Terasol simultaneously completed the acquisition of Heliagro ...
PM seeks Saudi investment to drive India’s growth (The Hindu)
RIYADH: Prime Minister Mr Manmohan Singh on Monday sought Saudi investment in sectors ranging from infrastructure to hospitality as the country aspires to be one of the largest economies of the world.
Europe Investment Banks May Gain More on Greece, Bernstein Says (BusinessWeek)
European investment banks including Barclays Plc and Deutsche Bank AG may benefit more than commercial lenders from Greece’s debt woes as governments postpone stricter regulation and fixed-income trading gets a boost, according to Sanford C. Bernstein & Co.
GBP350K Investment for Social Recruitment Service BraveNewTalent.com (redOrbit)
LONDON, March 1, 2010 /PRNewswire/ -- BraveNewTalent.com (http://www.bravenewtalent.com), an online business which connects people to employers via a social network, has secured GBP350,000 of investment to fuel its development and international growth. The funds will enable the company to invest further in sales and marketing to attract more subscribing employers and ...
T-Venture Makes Strategic Investment in Lantiq (redOrbit)
MUNICH, NEUBIBERG, Germany and BONN, Germany, March 1 /PRNewswire/ -- Lantiq, a leading company in next-generation access and home networking technologies, and T-Venture today announced the closing of a strategic investment.
HSBC's Stuart Gulliver gets £9m bonus as investment banking drives profits (Daily Telegraph)
The head of the bank's investment banking arm is rewarded for a strong performance.
Amlin Profit Beats Estimates on Investment Returns (Update1) (Bloomberg)
March 1 (Bloomberg) -- Amlin Plc , the biggest Lloyd’s of London insurer, said 2009 profit rose more than fivefold, beating analysts’ estimates, on higher investment returns.
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 $1.09 or .7 percent, to $157.44. Morgan Stanley rose $.23 or .8 percent, to $28.41.
Push to lift domestic investment (Business Times (Malaysia))
GOVERNMENT-linked companies and businessmen are being pressed to boost spending at home amid concern that more money is being invested abroad than flowing into the country. Fresh ideas to stimulate investment may be included in the government's so-called New Economic Model, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said in an interview. Prime Minister Datuk Seri Najib ...
HSBC says investment bank steps up to "new level" (Reuters via Yahoo! Malaysia News)
LONDON, March 1 (Reuters) - HSBC's investment banking arm should produce profits of at least $6 billion in a "normal" year as it has grabbed business from rivals during the financial crisis, the head of the unit said.
HSBC says investment bank steps up to "new level" (Reuters via Yahoo! UK & Ireland News)
HSBC's investment banking arm should produce profits of at least $6 billion (4 billion pounds) in a "normal" year as it has grabbed business from rivals during the financial crisis, the head of the unit said.
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 $.73 or .5 percent, to $157.08. Morgan Stanley rose $.10 or .4 percent, to $28.28.
Mexico's Slim not changing NY Times investment (Reuters via Yahoo! News)
Mexican billionaire Carlos Slim is "happy" with his current investment in New York Times Co, one of his close aides told Reuters on Monday.
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 $.19 or .1 percent, to $156.54. Morgan Stanley rose $.01 or percent, to $28.19.
Asean to rank among top places for investment, trade (The Nation - Thailand's English news)
Asean could soon become one of the world's most interesting destinations for business and investment.
An investment that may save your child’s life (Philippine Daily Inquirer)
It is an investment similar to bonds, stocks, and savings. But unlike them, this investment can save the life of your child or other members of your family against diseases that are life-threatening.
Gujarat notifies $21.7 bn special investment region (Calcutta News)
Gujarat's Special Investment Region (SIR) that will have an investment of Rs.1 lakh crore (Rs.1 trillion/$21.7 billion) is now a reality with the state government issuing a notification for the setting up of the region, an official said here Tuesday.
Boeing executive to help find investment opportunities in India (MalaysiaNews.net)
Washington, March 2 (IANS) The US-India Business Council (USIBC) has named Shephard W. (Shep) Hill, a senior Boeing executive, as a director to help provide strategic direction for US and Indian companies seeking bilateral investment opportunities and partnerships.
Australia to clarify investment rules (Brisbane Times)
The Australian government is working to make foreign investment rules clearer to Chinese companies, which have complained about the lack of clarity.
Oman offers robust investment openings (MENAFN)
Oman offers robust investment openings
PKFZ draws RM900m investment: Ong (Sin Chew Jit Poh)
PORT KLANG, March 2 (Bernama) -- The Port Klang Free Zone (PKFZ) has attracted more than RM900 million investment, offering over 1,000 job opportunities to date.
Indonesia sees investment spin-off from Obama visit (Reuters via Yahoo! Malaysia News)
* Obama trip to raise awareness of Indonesia for investment
Indonesia sees investment spin-off from Obama visit (The Malaysian Insider)
JAKARTA, March 2 — US President Barack Obama’s trip to Indonesia should boost investment in Southeast Asia’s biggest economy and curb negative perceptions on doing business in the nation, Indonesia’s investment agency said today. Obama, who spent four years in Indonesia as a child, will make his first visit to the country as president on March 20-22. Gita Wirjawan, head of the investment ...
Turkmens see 2010 foreign energy investment up 46 pct (Reuters via Yahoo! Asia News)
* Expects growth in foreign investment to $4.1 bln
Alternative Investment Software offers fund raising support. (ThomasNet)
Providing tools to market to and service current and prospective investors, Investor 3.0 maximizes fund raising capabilities for Private Equity investment managers. Program includes mobility options for specialized access across variety of handheld devices, including Blackberry Smartphones and Apple iPhones, as well as Outlook integration options. Communication tools allow users to drive ...
Police seek clients of charged Tama investment advisor (The Gazette)
Tama police are seeking clients of a Grinnell investment adviser who has been accused of diverting funds to his own use. “This has been a real complex case,” Police Chief Daniel Wilkens said Monday afternoon. “This has been going on for a long time.” Daniel W. Huebner, 59, of rural Grinnell, was charged Feb. 10 with ongoing [...]
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 $1.48 or .9 percent, to $158.02. Morgan Stanley rose $.39 or 1.4 percent, to $28.58.
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 $2.46 or 1.6 percent, to $159.00. Morgan Stanley rose $.59 or 2.1 percent, to $28.78.
Online accountancy software attracts £750k investment (Accountancy Age)
Internet accountancy software company Liquid Accounts has received over £750,000 investment to grow its business.
Analyst: Microsoft's Planned $1B Mobile Investment Means Palm Acquisition 'Unlikely' (Forbes)
Microsoft analyst Brendan Barnicle says a heavy investment in mobile R&D makes likely rules out
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 $2.21 or 1.4 percent, to $158.75. Morgan Stanley rose $.51 or 1.8 percent, to $28.70.
Investment advisers say frugality will remain (AP via Yahoo! Finance)
Americans aren't ready to abandon their cheapskate ways just yet. A Charles Schwab survey found that nearly a third of investment advisers expect "frugal spending habits" to remain in vogue among consumers.
China Overtakes U.S. in Attracting Most Property Investment (Bloomberg)
March 3 (Bloomberg) -- China overtook the U.S. as the world’s biggest property investment market last year and will probably keep the lead in 2010 on economic growth and a lower reliance on debt, Cushman & Wakefield LLP said.
Man. Utd. Group Seek Anchor Investment of $751 Million, FT Says (Bloomberg)
March 3 (Bloomberg) -- The “Red Knights,” the group of wealthy Manchester United supporters seeking to take control of the soccer club, are seeking a third-party investor to make an “anchor investment” of at least 500 million pounds ($751 million), the Financial Times reported, citing people familiar with the situation.
Scor Profit More Than Doubles on Investment Income (Update1) (Bloomberg)
March 3 (Bloomberg) -- Scor SE , France’s largest reinsurer, said fourth-quarter profit more than doubled, helped by higher investment income. Net income rose to 92 million euros ($125 million) from 35 million euros a year earlier, the Paris-based company said in a statement today.
RBS Coutts Relocates Co-Chief Investment Officer to Hong Kong (Bloomberg)
March 3 (Bloomberg) -- RBS Coutts Bank Ltd., the private banking unit of Royal Bank of Scotland Group Plc , has relocated Nick Cringle , its global co-chief investment officer, from London to Hong Kong.
China tops in property investment (Orange County Register)
China overtook the U.S. as the world’s biggest property investment market last year and will probably keep the lead in 2010.
Judge seeks tax law investment change (Sydney Morning Herald)
A leading tax expert and judge has called for a change in the tax law governing foreign private equity firms that could discourage foreign investment.
RHB Investment Aims For 20 Per Cent Growth In Managed Assets (Bernama)
KUALA LUMPUR, March 3 (Bernama) -- RHB Investment Management Sdn Bhd (RHBIM) aims to grow its assets under management by 20 per cent this year from RM10.6 billion in 2009.
Scor Profit More Than Doubles on Investment Income (Update1) (Bloomberg)
March 3 (Bloomberg) -- Scor SE , France’s largest reinsurer, said fourth-quarter profit more than doubled, helped by higher investment income. Net income rose to 92 million euros ($125 million) from 35 million euros a year earlier, the Paris-based company said in a statement today.
Scor Profit More Than Doubles on Investment Income (Update2) (Bloomberg)
March 3 (Bloomberg) -- Scor SE , France’s largest reinsurer, said fourth-quarter profit more than doubled, helped by higher investment income.
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 $.03 or percent, to $158.72. Morgan Stanley rose $.01 or percent, to $28.71.
CDIB set to expand China investment (Taipei Times)
China Development Industrial Bank (CDIB, 開發工銀), a banking arm under China Development Financial Holdings Co (開發金), yesterday said it planned to accelerate its investment expansion into China by teaming up with provincial governments or large-scale venture capitalists there to operate private equity (PE) fund businesses, a company executive said yesterday.
China top real estate investment market (Business Times (Malaysia))
LONDON: China overtook the US as the world's biggest property investment market last year and will likely keep the lead in 2010 on economic growth and a lower reliance on debt, Cushman and Wakefield LLP said. Real estate investment in China more than doubled to US$156.2 billion (US$1 = RM3.37) last year, while the total for the US slumped 64 per cent to US$38.3 billion, the broker said ...