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Investment News 07/2008



Mineral sector draws foreign investment, creates employment (Vietnam Net)
VietNamNet Bridge - Mineral resource projects are attracting foreign direct investment as most of the country’s potential remains untapped and abundant, according to officials.
Launch of Global Tourism and Hospitality Investment Group Sovereign Hospitality Holdings (Thaipr.net)
The M.A. Kharafi Group has created an independent hospitality, tourism and real estate investment company based in Geneva, Switzerland under the name of Sovereign Hospitality Holdings. The new company
RHB Investment introduces new Islamic money market product (The Borneo Post)
KUALA LUMPUR: RHB Investment Management Sdn Bhd has introduced a new Islamic money market product, RHB Islamic Cash Management Fund (RHBICMF), to give corporate and institutions another option of diversifying their investment portfolio.
EXIM Thailand Launches “Export and Overseas Investment Information Center” Website (Thaipr.net)
EXIM Thailand launched its new web-based “Export and Overseas Investment Information Center” to furnish Thai entrepreneurs and the general public with easily accessible and comprehensive information o
DJ ots.CorporateNews: Eurocastle Investment Limited / Eurocastle Announces Closing of Property … (Financial.de)
Guernsey (ots) - Eurocastle Investment Limited (Frankfurt Stock Exchange: EUI1 and Euronext Amsterdam: ECT) today announced that as part of its ongoing program to harvest mature or non-strategic assets, it has completed two property sales for total proceeds of approximately ?219 million.
Baraka Foods investment boost (icWales)
A VALLEYS food manufacturer is receiving more than £250,000 investment as it looks to achieve £4m turnover next year – and create a dozen jobs.
Namibian Electricity Industry Presents Exciting Investment Opportunities (Centre Daily Times)
Increasing demand for power in Namibia has presented substantial and lucrative investment opportunities for both international and local power industry participants. The donor community and various financial institutions are set to enter the market soon, as there is room for investment in generation, transmission and distribution. These efforts will improve the capacity and efficiency of the ...
Jefferies Brings in New Head of Consumer, Retail Investment Banking (New York Times)
Jefferies has hired former Barclays Capital director Andrew Bracey to lead the group’s consumer and retail investment banking division in Europe and the Far East, The Telegraph reported.
Investment Firm Ru-Net Takes Majority Stake In Russian Advertiser IConText (CBS News)
Ru-Net, the Russian internet investment firm, has acquired a 51 percent stake in IConText, a Russian contextual ad firm, reports Vedomosti (via Quintura). The deal may be valued around $7 million. iConText lets companies place ads on the major search engines, like Yandex and Google (NSDQ: GOOG), and has estimated revenue of $4 million, according to Quintura.
Oil prices rise as OPEC president questions investment flows (AFP via Yahoo! News)
Oil prices swung back towards record highs on Tuesday after the president of OPEC said there was uncertainty surrounding future investment in energy facilities that could boost crude output.
Closing Glance: Investment banks (AP via Yahoo! Finance)
Shares of investment banks rose Tuesday as the broader market rebounded from a steep drop earlier in the session after oil prices eased off a new record.
Global Clean-Energy Investment Rose 60% in 2007 (Update1) (Bloomberg.com)
By Jim Efstathiou Jr. July 1 (Bloomberg) -- Wind, solar and biofuel companies received a record $148 billion in new funding last year as rising oil prices and climate-change rules encouraged investment in renewable energy, the United Nations Environment Program said.
Thomson Reuters investment and advisory chief quits (Reuters via Yahoo! UK & Ireland News)
Thomson Reuters Corp's investment and advisory business chief is leaving the global business information publisher to join a unit of the Daily Mail and General Trust .
02-07-2008: AmIslamic Bank targets RM40m for maiden investment-linked plan (The Edge Daily)
KUALA LUMPUR: AmIslamic Bank Bhd launched its first syariah-compliant investment-linked plan, the AmHigh Takaful Investment Linked Plan, targeting 11,000 participants and RM40 million in contributions within the first year.
02-07-2008: Alliance Investment Bank gets new ED, CEO (The Edge Daily)
KUALA LUMPUR: Alliance Investment Bank Bhd (AIBB) has appointed Sachi Ratnajoothy as executive director and chief executive officer with effect from July 1, 2008.
TA INVESTMENT DECLARES 3.5 SEN GROSS INCOME DISTRIBUTION (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 2 (Bernama) -- TA Investment Management Bhd (TAIM) has declared a gross income distribution of 3.5 sen per unit on 30 June 2008 for its TA Growth Fund (TAGF). In a statement today, TAGF, a growth and income equity fund, launched in July 1996 currently has an approved size of RM43.16 million. "In light of poor market sentiment and political ...
Research and Markets: Explore Germany's Cardiovascular Devices Investment Opportunities With New Analysis and ... (Centre Daily Times)
Research and Markets ( (link) germany_cardiovasc) has announced the addition of the "Germany Cardiovascular Devices Investment Opportunities, Analysis and Forecasts to 2012" report to their offering.
Cisco Forms $60 Million Russian Tech Investment Fund (CBS News)
With Russia's internet scene really starting to hot up, and the former Soviet republics also showing a good degree of web promise, Cisco (NSDQ: CSCO) has teamed with Russia's Almaz Capital Partners to create a $60 million fund for the region's technology, media and telecoms sector. The networks company made its first Russian investment in April 2007 when it joined Index Ventures to put $18 ...
Paulson calls for better process to manage investment bank failures (The Globe and Mail)
Regulators need better tools for unwinding failing investment banks, says U.S. Treasury Secretary
Middlebrook Pharma gets $100M investment (AP via Yahoo! Finance)
Drug maker MiddleBrook Pharmaceuticals Inc. said President and Chief Executive Edward M. Rudnic will step down under terms of Equity Group Investments LLC's $100 million investment in the company.
Investment in clean energy hit record high in 2007, says UN agency (Islamic Republic News Agency)
UN - Energy - Investment Prompted by climate change concerns, increased international support, surging oil prices and continuing anxiety over energy security, investment in renewable energy and energy efficient reached a record last year, according to a United Nations Environment Program (UNEP) report released Tuesday.
Premarket roundup: Analyst: Exxon is a good investment buy, Lincare slides after cut rating (Canadian Business)
July 2, 2008 - 09:27 a.m. NEW YORK (AP) — An analyst upgraded Exxon Mobil Corp. Wednesday, saying the stock currently takes into account worry over a potential windfall profits tax and a lack of production growth, and presents an investment opportunity.
£6.5m investment creates 30 jobs (BBC News)
A £6.5m investment will create 30 jobs at two companies in County Londonderry over the next two years.
Opening Glance: Investment Banks mixed (AP via Yahoo! Finance)
Shares of investment banks were mixed early Wednesday after Oppenheimer analyst Meredith Whitney said she now expects Merrill Lynch & Co. to post a loss of $4.21 per share in 2008 on continued weakness in the credit markets, far greater than the average $1.36 per share loss expected by Wall Street, according to Thomson Financial.
Agribusiness: UN report urges investment in agriculture (BusinessWorld Online)
UNITED NATIONS — Unregulated markets cannot deliver global economic security, a UN report said Tuesday, calling for policy changes that include increased public investment in agriculture.
Iran, Sri Lanka investment accord notified for implementation (Islamic Republic News Agency)
Iran - Sri Lanka - Investment Pact The law on mutual investment agreement between Iran and Sri Lanka which was approved by Guardians Council has been notified to the Ministry of Economic Affairs and Finance for implementation.
Cascades Announces a $15 Million Investment in Its Lachute Plant (Fox News)
Cascades Announces a $15 Million Investment in Its Lachute Plant
Foreign investment boosts brand Britain (Financial Times)
Britain attracted a record level of overseas investment last year, according to official figures released on Wednesday that showed more than 100,000 jobs had been created or protected in a fifth successive year of growth.
Investment Adviser To Be Sentenced In Ohio Scandal (The Kentucky Post)
AKRON, Ohio -- An investment adviser will learn his sentence for fraud charges related to $216 million in hedge fund losses at Ohio's agency for injured workers.
£120m investment for city plant (BBC News)
Seagate Technology announces a £120m investment in its Springtown plant in Londonderry to be completed by 2010.
Uriels investment firm turns to Chapter 11 (Denver Post)
Westminster- based investment firm Uriels Inc. has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Denver.
State government seeks more minority investment advisers (Baltimore Examiner)
A Baltimore senator and Comptroller Peter Franchot raised concerns Wednesday about the failure to appoint an African-American investment manager to an unpaid committee that advises the state's $37 billion pension fund.
Global-Jordan announces private placement of Bindar Trading & Investment Co. PLC (AME Info)
Global Investment House- Jordan (Global- Jordan) announced the successful private placement of a six-month, JD3m commercial paper issue for Bindar Trading & Investment Co. PLC (Bindar).
Nigeria: Abeokuta South Sets Up Investment Group (AllAfrica.com)
Some prominent citizens of Abeokuta South Local Government Council in Ogun State will be inaugurated today as members of an investment promotion group which will help to draw development projects to the area.
Anti-corruption drive causes fall in investment in Bangladesh (New Kerala)
Dhaka, July 3 : The interim government's drive against corruption has been cited by a report as one of the three main reasons for the slide in Bangladesh's domestic and foreign investment.
Muhyiddin To Lead Trade & Investment Mission To Japan (Malaysian National News Agency (BERNAMA))
KUALA LUMPUR, July 3 (Bernama) -- Minister of International Trade and Industry Tan Sri Muhyiddin Yassin will be leading a six-day Trade and Investment Mission to Japan beginning July 5.
Canada Says Regulation May Boost Alberta Oil-Sands Investment (Bloomberg.com)
July 3 (Bloomberg) -- Canada's Natural Resource Minister Gary Lunn said companies will boost investment in Alberta's oil- sand developments because government regulations may allow them to cut carbon costs, making these projects more attractive.
Wachovia unit names chief investment officer (BizJournals)
Wachovia Global Securities Lending has appointed Kevin O'Connor as chief investment officer, effective immediately. (WB)
Opening Glance: Investment Banks (AP via Yahoo! Finance)
Shares of investment banks rose early Thursday as the broader market gyrated after the Labor Department said the unemployment rate held steady at 5.5 percent in June.
Canada Says Regulation May Boost Oil-Sands Investment (Update1) (Bloomberg.com)
July 3 (Bloomberg) -- Canada's Natural Resource Minister Gary Lunn said companies will increase investment in Alberta's oil-sand developments because government regulations may allow them to cut carbon costs, making these projects more attractive.
Libya says to build refinery in Egypt, up investment (Khaleej Times)
CAIRO - OPEC member Libya is planning an oil refinery and a natural gas pipeline in Egypt, helping to raise Libyan investment in its Arab neighbour to $10 billion over the next two years, the Libyan prime minister said on Thursday.
U.S.-Japan Investment Initiative 2008 Report (Scoop.co.nz)
The United States and Japan have concluded a seventh year of consultations through our Investment Working Group on measures to improve the climate for foreign direct investment (FDI). Officials from the Department of State and Japan’s Ministry of Economy, Trade, and Industry collaborated to produce the 2008 Investment Initiative Report documenting our progress.
Investment firms scrap $5.82 billion bid for casino and racetrack operater Penn National (Minneapolis-St. Paul Star Tribune)
PHILADELPHIA - Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled.
Investment pledges surge in first five months (Yehey!)
Investment pledges registered with the Board of Investments and the Philippine Economic Zone Authority in the first five months this year more than doubled, the Department of Trade and Industry said.
Vodafone commits to $500 million mobile investment (The New Zealand Herald)
Vodafone today announced expansion of its 3G mobile network, which it says will bring its total infrastructure investment to half a billion dollars.
Govt eyes China's foreign investment (The West Australian)
The federal government is looking more closely at Chinese foreign investment in Australian resource companies where the investor would have a controlling stake.
Closer watch on Chinese investment (Herald Sun)
THE Federal Government is looking more closely at Chinese foreign investment in Australian resource companies.
Swan denies restrictive approach toward Chinese investment (Australian Broadcasting Corporation)
The Federal Treasurer has tried to ease confusion over the Government's attitude to Chinese foreign investment in Australia.
Ofcom outlines investment plan for super-fast broadband (PublicTechnology.net)
Ofcom Chief Executive Ed Richards yesterday set out a pro-investment framework for next generation, super-fast broadband networks and invited industry leaders to commit with Ofcom to help implement its rollout across Britain.
Investment firms pull plug on Penn National purchase (Courier-Post)
Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled.