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Investment News 08/2012 (Page 2)



Coalition tightening of foreign investment policy a step backwards
Throughout the 1980s, Labor and the Coalition competed to liberalise Australia's regulatory regime for foreign direct investment (FDI). Lower barriers to FDI were seen by both sides of politics as essential to better integrating Australia into the ...
Foreign investment key to wheat market
“We've seen greater investment in up-country grain handling facilities and greater throughput with reduced freight rates and similar results in southern QLD from an additional terminal in Brisbane. “It's making a difference in terms of what growers are ...
Investment firms eager to snap up depressed properties
When a new buyer for the Brunswick Community Hospital emerged after the county tried for months to sell the property, the names of the investment companies were relatively obscure. The two groups upping the offer for the property were written off by ...
Knight Focused on Investment to Add Capital, Keep Control
Knight Capital Group Inc. (KCG) (KCG) executives are focused on negotiating an outside investment that would restore the firm's capital and preserve its independence, said two people with knowledge of the matter. They hoped to agree on the terms within ...
Investment manager looks at foreign farming stocks
Food prices could rise by as much as 45% as a result of lower crop yields caused by this summer's drought, says Michael Underhill, a Pewaukee investment manager. Damage to the corn crop is so extensive that farmers have abandoned more than 10% of ...
Watchdog criticizes Doheny's investment plan
Republican congressional candidate Matt Doheny, a Watertown investment fund manager, wants to work “as congressman” to establish a regional venture capital fund to assist growing businesses, using his business contacts to solicit investors and possibly ...
UK Pledges 100 Million Pounds for Energy Investment Funds
Deputy Prime Minister Nick Clegg will pledge 100 million pounds ($156 million) for two investment funds that seek to back renewable and energy efficient projects. The government will channel the money through Equitix and Sustainable Development Capital ...
India's astute move to attract investment
India has allowed investment from Pakistan in what is being hailed as a landmark decision to further improve trade ties between the two long-time nuclear rivals. A statement from the Indian Commerce Ministry announced that "the government of India has ...
Australia Investment Chief Warns Investors on Politics
"Investment decisions should be made by investors on a purely stand alone commercial basis and that Australian businesses, however they are owned, should be run on a purely commercial basis and not as an extension of the policy, political or economic ...
FM promises to attract investment, solve tax disputes
Newly-appointed Finance Minister P Chidambaram has chalked a definite plan to beat inflation, boost economy and attract foreign investment to the Indian shores. In his first address as Finance Minister, Chidambaram promises a review of retrospective ...
New Investment Products in China Raise Fears of Collapse
If the fund were to fail, it would be one of the first in China's fast-growing trust industry to do so and would become a test case as to who is ultimately liable when investment products go bad. Some analysts are warning of potential fraud in the ...
NanoSteel Announces GM Ventures Investment
"GM Ventures investment in NanoSteel demonstrates its confidence in our company's potential to achieve widespread impact on the auto industry through our proprietary steel designs," said Dave Paratore, president and CEO of NanoSteel. "With the support ...
IAG Mulls Investment in American Airlines
A big part of the reason is the complicated geopolitics of airline alliances. The world's biggest airlines are increasingly consolidated into three big airline alliances—the Star Alliance, the SkyTeam, and the OneWorld Alliance—that form overlapping ...
American Capital Mortgage Investment Corp. [MTGE] to Ring The NASDAQ ...
American Capital Mortgage Investment Corp. [MTGE] to Ring The NASDAQ ...
Norwest Equity Partners Announces Investment in Stanton Carpet Corporation
"As a 30-year old family-owned business, our investment partnership with NEP marks an exciting time for Stanton. NEP has tremendous experience with investing in family-run businesses as well as significant industry expertise and resources in the ...
Clinton Promotes US Investment in Africa
JOHANNESBURG — U.S. Secretary of State Hillary Clinton is in South Africa as part of her 10-day tour of the continent. She met with former president Nelson Mandela in his Qunu home Monday before taking part in high-level meetings aimed at promoting ...
Knight Capital Ducks Insolvency With $400 Million Investment
Getco LLC, the automated trading firm backed by General Atlantic LLC, Blackstone Group LP, brokerages Stifel Nicolaus & Co. and TD Ameritrade Holding Corp., and the investment banks Stephens Inc. and Jefferies Group Inc. are investing, according to a ...
Citi Launches Investment-Bank Joint Venture in China
Called Citi Orient Securities Co., the joint venture has a registered capital of 800 million yuan (US$126 million), with Citigroup holding a 33.3% share in the venture, the regulatory ceiling for a foreign firm's stake in an investment-banking business ...
Don't avoid investment risk. Control it.
Investment risk comes in different forms. There's market risk – the danger that the market suddenly plunges because of fears about the European debt concerns, US elections, or for no apparent reason at all. There's company risk – the possibility that ...
Investment Banking Brothers Zaoui Start Firm
Brothers Michael and Yoel Zaoui, two of the most successful investment bankers of the past decade, have founded a new company called Zaoui Capital, Financial News reported Monday. The new firm, registered with the UK's Companies House last month, ...
Chidambaram Pledges Indian Fiscal Plan in Bid to Lure Investment
Indian Finance Minister Palaniappan Chidambaram said he will unveil steps for fiscal consolidation and clarify tax laws, as he seeks to revive investment in an economy growing at the weakest pace in almost a decade. “The economy is challenged by a ...
US Aims to Lift Investment in Africa
By NEANDA SALVATERRA. Fred Hochberg, chairman of the Export-Import Bank of the U.S. and one of the highest-ranking business leaders in the Obama administration, arrived Monday in South Africa with a group of trade representatives and officials from ...
JC Penney investment hurts Vornado in second-quarter
N), owner of U.S. office and retail properties, said its investment in J C Penney (JCP.N) and a lackluster office rental market helped drive down its quarterly results. The company said on Monday said it recognized a loss of $58.7 million from the mark ...
Ahlstrom's new filtration materials investment in Turin plant completed
Ahlstrom Corporation PRESS RELEASE August 7, 2012 at 13.00. Ahlstrom, a global high performance materials company, has completed an investment on additional capacity in filtration material at its site in Turin, Italy. The company has started to ramp up ...
U.K. bank allegedly helped Iran conceal $250 billion
Shares of British banking giant Standard Chartered fell more than 23% on the London Stock Exchange Tuesday, one day after New York regulators accused the banking group of helping Iran avoid sanctions by concealing $250 billion in transactions over ...
Statoil writes off $336 mln Shtokman gas investment
Hands back 24 pct stake in Shtokman. * Statoil remains in talks about Shtokman involvement. * Analysts: Statoil has plenty of attractive investment opportunities. OSLO, Aug 7 (Reuters) - Statoil has written off around 2 billion crowns ($336.2 million ...
Few disaster losses, better investment result boost earnings at Munich Re
CEO of Munich Re, Nikolaus von Bomhard, attends a press conference in Munich, southern Germany Tuesday Aug. 7, 2012. Reinsurer Munich Re saw its second quarter profit improve 10 percent from a year ago thanks to a better investment result and fewer ...
Can Hemant Taneja's latest investment save radio?
Forget the wave of radio stations – like Boston's own WFNX and WBOS – switching off disc jockeys in favor of the "Adult Hits" automated format. As radio moves online and mobile, General Catalyst Partners and Hemant Taneja believe a personal connection ...
The End of Gold
Peter Tasker writes in the Financial Times that gold is no longer a smart "safe haven" investment for people looking to hedge against financial distress, but I don't think he really puts his finger on the main reason. The issue is that financial ...
Short-term stock investment leaves out bigger picture
“One of the consequences of such a short investment time horizon is that investors have begun to fear short-term market events and volatility as much or more than the factors that shape prospects for long-term economic and profit growth that drive ...
TEXT-S&P investment-grade composite spread widens
Aug 7 - Standard & Poor's investment-grade composite spread widened by 11 basis points (bps) to 207 bps yesterday, and the speculative-grade composite spread tightened by 1 bp to 661 bps. By rating, the 'AA' spread widened by 11 bps to 137 bps, the 'A' ...
Chimera Investment Updates The Extent Of Its Problems, Promises To Keep ...
Chimera Investment Updates The Extent Of Its Problems, Promises To Keep ...
Citigroup launches investment banking in China
NEW YORK (AP) — Citigroup has launched investment banking operations in China via a joint venture. The New York-based international bank said in a statement issued Monday in Shanghai that it had entered into a joint venture with the Orient Securities ...
News Summary: Few disaster losses, improved investment results lift reinsurer ...
News Summary: Few disaster losses, improved investment results lift reinsurer ...
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES JULY 31, 2012 ...
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES JULY 31, 2012 ...
ING Profit Falls 22% on Sale of Spain Investments, Loan Losses
After disposing of a unit in Latin America last year, the sale of ING's Asian life-insurance and investment management business is “on track.” The sale will probably take place through multiple divestments, ING said today. ING expects to sell some ...
TEXT-Fitch affirms Cholamandalam Investment at 'Fitch AA-(ind)';outlook stable
(The following statement was released by the rating agency). Aug 08 - Fitch Ratings has affirmed India-based Cholamandalam Investment & Finance Co. Ltd.'s (CIFCL) National Long-Term rating at 'Fitch AA-(ind)' with a Stable Outlook. The agency has also ...
Mars rover investment in the future
When they read about the car-sized Curiosity rover's touch down on Mars on Monday morning, some people may have wondered, “Why spend money on the space program when the economy is in such bad shape?” For 2013, the nation's defense budget is ...
Waltham's A123 secures $450M investment from Chinese co.
Waltham's A123 Systems, the cash-strapped electric car battery maker, said it's lined up an investment of up to $450 million from a Chinese auto parts company. "Today's announcement is the first step toward solidifying a strategic agreement that we ...
Zacks Investment Ideas feature highlights: Smith & Wesson Holding, Strum ...
Zacks Investment Ideas feature highlights: Smith & Wesson Holding, Strum ...
Taiwanese protest Chinese envoy's arrival for investment pact signing
TAIPEI, Taiwan — Dozens of pro-independence activists have staged rowdy protests outside a Taipei hotel as a top Chinese negotiator arrives to sign an investment protection agreement. Wednesday's protest against Chen Yunlin comes a day before the ...
Snyder: Long-term investment best for Belle Isle, Detroit
But he maintained that a lease or some similar mechanism is necessary to provide a framework for long-term state investment in Belle Isle. “We had already talked about a much shorter lease period (than 99 years) with some renewals, when the comment ...
US firms waking up to Africa investment: ExIm Bank
JOHANNESBURG — American companies are starting to wake up to huge investment opportunities in Africa, the chairman of the US Export Import bank, Fred Hochberg said here on Wednesday. Hochberg, in South African as part of a business delegation ...
Mexico gross fixed investment falls by most since 2008
MEXICO CITY Aug 8 (Reuters) - Mexican gross fixed investment fell by the most in nearly 3-1/2 years in May in a sign that a global slowdown may be weighing on companies' confidence in further growth. The measure of spending on machinery, equipment ...
Treasury probe of Standard Chartered to continue
U.S. Treasury continues to probe Standard Chartered. By Ben Rooney August 8, 2012: 5:38 PM ET. The U.S. Treasury Department is continuing its investigation into potential violations of U.S. sanctions against Iran by Standard Chartered, according to a ...
US, Too, Wants to Bolster Investment in a Continent's Economic Promise
PRETORIA, South Africa — When Secretary of State Hillary Rodham Clinton landed in South Africa this week, she brought along a hefty delegation of executives from some of America's leading companies — Boeing, Walmart, FedEx, G.E. — and a message: ...
Return on Investment in Italy Found Lacking
MILAN—The return on investment made by Italian and foreign companies in Italy in 2011 was insufficient to pay back debt-related costs and dividends, according to a study by merchant bank Mediobanca SpA published on Wednesday. In a further sign that ...
TABLE-Breakdown of China's Jan-July property investment
BEIJING Aug 9 (Reuters) - China's real estate investment rose 15.4 percent in the first seven months from a year earler, down from an annual increase of 16.6 percent in the first half, the National Bureau of Statistics said on Thursday. Real estate ...
China Property Sales Up in July; Investment, Construction Weak
SHANGHAI--Overall property sales in China rose for the second consecutive month in July, indicating that a recovery is gaining momentum after data showed declines from October through May, though real estate investment and construction continued to ...
China's fixed-asset investment up 20.4 pct during January-July
BEIJING, Aug. 9 (Xinhua) -- China's urban fixed-asset investment rose 20.4 percent year on year to 18.43 trillion yuan (2.93 trillion U.S. dollars) in the first seven months of 2012, the National Bureau of Statistics (NBS) announced Thursday. The ...