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Investment News 06/2009

KUALA LUMPUR, June 1 (Bernama) -- Saudi Arabia is offering US$500 billion in investment opportunities over the next five years, the Council of Saudi Chambers of Commerce and Industry secretary general, Dr Fahad Saleh A.AlSultan said today.
Gold investment demand soars in 1Q (The Edge Daily)
KUALA LUMPUR: In troubled and bleak times, gold continues to be the preferred investment among those seeking safe havens.
Boyle Investment Co. moving forward with second phase of residential development in Collierville (BizJournals)
Boyle Investment Co. feels so good about the potential of its yet-to-start high-end gated community in Collierville’s historic district, it’s moving forward on what is essentially a second phase before the first phase has even sold a lot.
Scam alert: Investment fraud on the rise in Florida (Orlando Sentinel)
S ome friends turned John and Betty Manke on to Wealth Pools — a "can't miss" investment, or so the couple was told. Multiple sales pitches and revival-style testimonies eventually wore through their resistance. The Lake County retirees jumped in, to the tune of nearly $10,000.
Abu Dhabi SWF to continue dlr-based investment-official (Reuters via Yahoo! Singapore News)
TOKYO, June 1 (Reuters) - Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, is likely to continue making dollar-based investments because Abu Dhabi has a dollar-denominated economy, an official said.
Khaleeji Commercial Bank provides $25m banking facility for Bukhatir Investment, UAE (AME Info)
Khaleeji Commercial Bank (KHCB) announced that it has provided a $25m banking facility for Bukhatir Investment Group to support expansion projects planned by the Group.
SMG seeking investment to boost IPTV and fashion media subsidiaries (Interfax)
Shanghai. June 1. INTERFAX-CHINA - China's second-largest media group, Shanghai Media Group (SMG), is seeking investment to build up its Internet Protocol Television (IPTV) and fashion media subsidiaries, domestic media cited SMG's president as saying on June 1.
Conservative investment plan earns dividends (Seattle Times)
Have you heard the hot investment tip racing through the preschool parking lot?
Global Investment to Sell Stake in Al-Salam Bank (Update1) (Bloomberg)
June 1 (Bloomberg) -- Global Investment House KSCC, Kuwait’s biggest investment bank by assets, plans to sell a 14.1 percent stake in Al-Salam Bank in a June 11 auction to reduce its holdings.
Key investment issues, trends and challenges explored at 3rd Saudi International Banking and Investment Conference (AME Info)
Investment companies and experts discussed and debated on vital industry issues, trends and challenges during the 3rd Saudi International Banking & Investment Conference held recently at the Jeddah Hilton in the KSA.
Japan Urges Abu Dhabi State Wealth Funds to Boost Investment (Bloomberg)
June 1 (Bloomberg) -- Japan, which trails the U.S. and U.K. as a destination for foreign investment, is seeking to tap capital from Abu Dhabi, the oil-rich emirate with the world’s biggest sovereign wealth fund.
Investment group plans $50M project (BizJournals)
Speedway Investment Group plans to purchase and redevelop a 40-acre parcel on the Metrolina Tradeshow Expo grounds that includes a race track.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.30 or .2 percent, to $144.87. Morgan Stanley rose $.96 or 3.2 percent, to $31.28.
Saudi's US$500b investment opportunities (The Edge Daily)
KUALA LUMPUR: Saudi Arabia is offering US$500 billion (RM1.74 trillion) in investment opportunities over the next five years, the Council of Saudi Chambers of Commerce and Industry secretary-general, Dr Fahad Saleh A AlSultan, said today.
Germantown again awarded “AAA” investment rating (BizJournals)
The city of Germantown, Tenn., has received an “AAA” investment rating from both Standard and Poor’s and Moody’s following a review and tour of the city conducted in May.
CBI Group to Host Arizona Real Estate Investment Seminar in Vancouver (Marketwire)
CALGARY, ALBERTA--(Marketwire - June 1, 2009) - CBI Group, an Alberta based real estate investment company, will be hosting a real estate investment seminar in Vancouver to educate the public about real estate investments in the Arizona; an area experiencing some of the lowest real estate prices in recent history. The seminar will focus on their Arizona Acquisition Fund; an opportunity allowing ...
India needs investment budget to beat slowdown: CII (The Economic Times)
India's budget 2009-10 should be an "investment budget" to help the the country tide over the economic slowdown, said the Confederation of Indian Industry's (CII) pre-budget recommendations, presented to the finance ministry on Monday.
Amazon.com CEO Tabs Kindle an Investment (HispanicBusiness.com)
SEATTLE (UPI) -- The Kindle electronic book reader should be considered an investment product by Amazon.com shareholders, the U.S. company's chief executive officer says.
Bank of America Names McMahon to Investment Bank Post (Update1) (Bloomberg)
June 1 (Bloomberg) -- Bank of America Corp. named Merrill Lynch & Co. veteran Harry McMahon as executive vice chairman of the lender’s global corporate and investment bank, according to a company memo.
Investment accord to seal FTA (Asia News Network)
The investment agreement Asean and South Korea will sign today is a good signal that both sides are committed to bilateral cooperation and free trade, Prime Minister Lee Hsien Loong said on Monday.
Sri Lanka Sees Foreign Investment Quadrupling as Civil War Ends (Bloomberg)
June 2 (Bloomberg) -- Sri Lanka expects foreign direct investment to more than quadruple to $4 billion by 2012 as the end of a 26-year-old civil war leads to political stability.
South Korea, ASEAN sign investment agreement (Reuters via Yahoo! Singapore News)
SEOGWIPO, South Korea, June 2 (Reuters) - South Korea and the 10-member Association of Southeast Asian Nations (ASEAN) on Tuesday signed an agreement to boost investment in each other, which they said completed their broader free trade pact.
Samena Capital To Buy Unit Of Vision Investment Management (Nasdaq)
HONG KONG -(Dow Jones)- Samena Capital Management LLP said Tuesday it is acquiring a division of Vision Investment Management, a Hong Kong-based fund management firm.
Business : Asean-Korea FTA On Investment Signed (Bernama)
JEJU ISLAND (South Korea), June 2 (Bernama) -- ASEAN and South Korea completed their Framework Agreement on Comprehensive Economic Cooperation with the signing of the ASEAN-Korea Investment Agreement in Jeju Island, Tuesday.
Taiwan Cabinet To Review Plan On Chinese Investment Thursday (Nasdaq)
TAIPEI -(Dow Jones)- Taiwan's Cabinet will review Thursday a proposal to allow Chinese investment in various industries on the island, an Investment Commission official said Tuesday.
Gold, Silver Fall as Dollar’s Rally May Curb Investment Demand (Bloomberg)
June 2 (Bloomberg) -- Gold and silver declined for a second day on speculation the dollar’s rally may reduce demand for precious metals as an alternative investment.
S.Korea team to monitor North's investment impact (AlertNet)
Source: Reuters SEOUL, June 2 (Reuters) - South Korea has set up a task force to monitor possible declines in foreign investment due to North Korea's nuclear threats and come up with countermeasures, Seoul's energy ...
Yahoo! linked as Sheffield Wednesday actively seek American investment (tribalfootball.com)
Sheffield Wednesday are targeting American investment. read more
Fraud alert: Investment complaints rising (Sun-Sentinel)
The downturn in the economy has coincided with an uptick in investment complaints Investment fraud is rising in Florida with complaints about suspicious practices more than doubling last year, regulators say. The state Office of Financial Regulation received 425 investment-related complaints last year. Another 112 complaints have been filed so far in 2009.
Former Bear CEO To Join Investment Firm: Report (Fox News)
Former Bear CEO To Join Investment Firm: Report
S. Korea, ASEAN sign pact on investment (UPI)
SEOUL, June 2 (UPI) -- South Korea and the Association of Southeast Asian Nations Tuesday signed a free trade agreement on investment, completing a process that began in 2005.
Complaints about investment fraud double in Florida as scammers prey on senior nest eggs (The Palm Beach Post)
Some friends turned John and Betty Manke on to Wealth Pools - a "can't miss" investment, or so the couple was told. Multiple sales pitches and revival-style testimonies eventually wore through their resistance. The Lake County retirees jumped in, to the tune of nearly $10,000.
Owls bring in investment experts (BBC News)
Sheffield Wednesday employ an American investment bank to aid takeover.
Temasek, Li May Join AIG Investment Bid: WSJ (Fox News)
Temasek, Li May Join AIG Investment Bid: WSJ
India gold investment declines for first time (Business Times (Malaysia))
SINGAPORE: Investors in India, the world's largest gold consumer, sold 17 tonnes of bullion in the first quarter of 2009, marking its first disinvestment ever, while investment demand plunged more than 70 per cent in Vietnam on import restrictions, industry data showed yesterday.
Moody's Upgrades Brazil's Globo To Investment Grade (Nasdaq)
SAO PAULO -(Dow Jones)- Moody's upgraded Brazil's largest media conglomerate, Globo Comunicacao e Participacoes SA, to the investment grade status Baa3 from Ba1, it said Tuesday in a press release.
Is Health Reform A Cost Or Economic Investment? (Investor's Business Daily via Yahoo! News)
After getting bogged down in trying to pay for sweeping health care reform, the Obama administration is trying to recast those budget-busting costs as an "economic investment."
Calculating preventative medicine's return on investment (EurekAlert!)
Researchers have developed a prototype "return on investment calculator" that can calculate the value of prevention services delivered by mobile health clinics. Using a Boston-based mobile health clinic called the "Family Van" to test the tool, the team found that for the services provided in 2008, this program will return $36 for every dollar invested.
Whitehead calls for property investment tax (3news)
Treasury Secretary John Whitehead today risked the wrath of property investors by suggesting New Zealand address the long standing issue of taxing capital gains from property investment.
China’s Hunan Valin to Set Up Steel Investment Fund (Update1) (Bloomberg)
June 3 (Bloomberg) -- Hunan Valin Iron & Steel Group , the Chinese steelmaker that bought a stake in Australia’s Fortescue Metals Group Ltd., agreed to establish an investment fund with China Huarong Asset Management Corp.
Asphalt Shingles -- Are They The Best Investment For Your Home? (Carteret County News-Times)
(ARA) - During this time of economic uncertainty, you may be hesitant to invest money in your home. It is important to remember, though, that your home is a valuable asset. In order to maintain your investment, home maintenance or repair projects are essential.
Live chat: Golden investment tips (rediff.com)
Are you always at a loss while planning your finances? Are you aware of the investment options available in the market? How best can you plan your finances?
The Saudi Investment Bank Outlook Revised To Negative On Potential Financial Deterioration; 'A-/A-2' Ratings Affirmed (Zawya)
LONDON (Standard & Poor's) June 2, 2009--Standard & Poor's Ratings Services said today that it revised its outlook on The Saudi Investment Bank (SAIB) Saudi Investment Bank (SAIB) to negative from stable.
Gulf Investment Corporation L-T Rating Lowered To 'BBB'; Long- And Short-Term Ratings Remain On CreditWatch Negative (Zawya)
LONDON (Standard & Poor's) June 2, 2009--Standard & Poor's Ratings Services said today that it lowered its long-term counterparty credit rating on Kuwait-based Gulf Investment Corporation Gulf Investment Corporation G.S.C. (
MUFG will hold more than 20% of Morgan Stanley`s common stock and China Investment Corp. will buy 44.7mn shares of ... (India Infoline)
Morgan Stanley is considering selling around 60mn shares in a newly announced public offering to Japanese banking giant Mitsubishi UFJ Financial Group and Chinese sovereign wealth fund China Investment Corp. The Wall Street firm aims to raise money for repaying funds to the US Treasury.
PL decries decline in capital investment (di-ve)
The Labour Party criticised government for reducing its capital expenditure in 2009, contrary to expectations. Finance spokesman Charles Mangion said that at a time of international recession, capital investment by government was essential to reduce the negative impact.
Mass. pension fund fires investment manager (AP via Yahoo! Finance)
Officials say the Massachusetts state pension fund has fired a high-profile investment firm as manager of a $163 million real estate portfolio for poor performance.
Opel investment still open to all bidders-German govt (Reuters via Yahoo! Philippines News)
BERLIN, June 3 (Reuters) - A possible investment in carmaker Opel is still open to all interested bidders, a German government spokesman said on Wednesday.
UNEP report details surprising green energy investment trends worldwide (EurekAlert!)
( UNEP Division of Technology Industry and Economics ) Some $155 billion was invested in 2008 in clean energy companies and projects worldwide, not including large hydro, a new report launched today says. Of this $13.5 billion of new private investment went into companies developing and scaling-up new technologies alongside $117 billion of investment in renewable energy projects from geothermal ...
States in recession as investment hit (The Australian)
QUEENSLAND and NSW are in recession after their economies contracted for two consecutive quarters, and Victoria and Western Australia also contracted sharply as private investment plummeted in the March quarter.