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Investment News 05/2016



Investment in at-risk youth wise budget priority
The $381,000 committed in the budget proposal is part of a broader, nearly $1 million investment into social programs and initiatives Rogero has called "longterm solutions" to ending the cycle of violence. The emphasis on reducing gang-related violence ...
Questions over £10bn Chinese investment agreement
"There is a memorandum of understanding to explore potential options for investment in Scotland. "If there are any particular and specific deals that come forward then the Scottish Parliament would scrutinise those, the Scottish government would do ...
Renewable energy target in doubt as $10b investment needed
Fresh doubts have been raised about the country's ability to meet the 2020 renewable energy target after a new analysis found that $10 billion of extra investment is needed in a market where lenders are wary because of changing regulations. In research ...
Foreign investment a winner
Contrary to false alarms being raised in populist, ignorant campaigns about “keeping Australia in Australian hands'', new OECD figures show foreign investment fell to its lowest level in a decade last year, as a result of the fading of the mining boom ...
Malcolm Turnbull sets scene for funding of crucial infrastructure investment
The Smart Cities program announced by Mr Turnbull on Friday presages a surge in infrastructure investment across the nation. The Prime Minister indicated his government would take advantage of the low cost of debt by selling long-term bonds to domestic ...
Bond worries and investment profiles
While it is likely that the stock market will continue to conquer new heights, despite the occasional stumbles of late, careful and deliberate investment planning and analysis remain the basic rules of navigation. Specifically, a personal investment ...
Lawmakers: Investment plan aims to help hard-hit communities
COLUMBUS, Ohio (AP) - Pushing idle investment capital into distressed communities is the goal of a proposal introduced in Congress last week. Republican U.S. Rep. Pat Tiberi of Ohio is among the sponsors. He says the Investment Opportunity Act would ...
Green Investment Bank privatisation starts to bear fruit
When the Green Investment Bank was officially put up for sale in March, the business secretary Sajid Javid talked up the institution as a “world first” that would surely prove to be lucrative for its new owners. “Green really is the colour of money ...
Colorado College students say school's investment principles don't reflect its brand
A May 1 deadline Colorado College students and alumni set last spring to commit to divesting its hefty investment portfolio from fossil fuels has come and gone, to the dismay of students pushing for change. "It's really too bad to see the board take ...
The investment industry's growing unrest over hidden fees
The commissions are paid out to investment advisers for the length of time an investor holds a fund. Depending on the type of investment fund, these can range from 0.5 per cent up to 1.5 per cent. Both the investment firm and its adviser who sold the ...
An Introduction to My Investment Philosophy
Most recently, I co-founded an investment company, Greenhouse Funds LP, with a mentor from T. Rowe Price that I met years earlier. Seeking a change of scenery and a breath of fresh air, I have taken on this project with Jim Cramer & Co., enabling me to ...
Ask Matt: Is ExxonMobil a good investment?
Q: Is ExxonMobil a good investment? A: ExxonMobil (XOM)'s massive size has allowed it to handle the oil price implosion better than many of its peers. But that still doesn't mean it's a stock worth betting on. Given how the price of oil has cratered 21 ...
Uganda: Trade Ministry Takes Over Investment Authority
Kampala — The activities of Uganda Investment Authority (UIA) are now going to be overseen by the Ministry of Trade, Industry and Cooperatives, Daily Monitor has learnt. In an interview with this newspaper, Trade minister Amelia Kyambadde confirmed ...
Loews Corp. revenue hurt by investment returns
Loews Corp. and its insurance unit CNA Financial Corp. posted revenue declines as decreased investment returns hurt results. Loews owns 90% of CNA, which typically accounts for most of the conglomerate's revenue. Loews' other big holdings include ...
Asset Managers in Nordics Are World's Best in Climate Investment
They included the Abu Dhabi Investment Authority, Japan Post Insurance and Chinese wealth fund SAFE Investment Company. “It's shocking that nearly half the world's biggest investors are doing nothing at all to mitigate climate risk,” Poulter said ...
To boost NJ's public pension funds, avoid costly investment fees | Opinion
By Phil Murphy. It is no secret that our pension funds for public sector employees are in crisis. It is less well-known that the funds are paying many hundreds of millions of dollars per year in fees to Wall Street. I believe there is a better way to ...
'A wonderful investment': Costco guarantees at least 225 jobs for $3 million grant from Dallas
Committee chair Rickey Callahan said only that the grant, to be paid out of the city's Public/Private Partnership Funds, “is a wonderful investment for the city of Dallas” that will provide “an immediate return.” As Callahan noted, the 13.2 acres where ...
Amazon bolsters voice based-platform Alexa with investment in TrackR
Amazon.com Inc (AMZN.O) is investing between $250,000 and $500,000 in Bluetooth technology company TrackR to extend the reach of its Alexa virtual assistant, according to a source familiar with the matter. Alexa is the cloud-based system that controls ...
Ackman: 'Of course' I regret initial Valeant investment
Hedge fund manager Bill Ackman said Monday he "of course" regrets his initial investment in embattled Valeant Pharmaceuticals. He told CNBC's "Fast Money: Halftime Report" he thought seriously about selling his stake in the drugmaker, but decided he ...
Ontario Secures New Chinese Investment to Create Green Jobs
This past week Deputy Premier Matthews and Minister Chan participated in a successful investment roundtable discussion and the renewal of a long-time friendship agreement between Ontario and Henan Province, China, while also securing an investment ...
The key to compelling investment conversations
NASHVILLE, Tenn. - Even though there's more data available to investors than ever before, investors keep making the same mistakes, according to Timothy Horsburgh, investment strategist for OppenheimerFunds, speaking at Raymond James Financial ...
Mario Draghi says low ECB interest rate a spur to investment
However, ultra loose policy was “not the problem, but a symptom of an underlying problem” caused by a “global excess of savings” and a lack of appetite for investment. This excess – dubbed the “global savings glut” by Ben Bernanke, former US Federal ...
AIG swings to loss on poor investment performance
AIG posted a net loss of $US183 million, down from net income of $US2.47 billion in the year-earlier quarter when results were buoyed by the sale of highly profitable investment holdings. A big factor in the most-recent quarter was “the negative impact ...
Buffalo Billion projects designed to spur investment and jobs
“We want to see that this investment continues, and we don't want to see any hiccups as it pertains to these jobs that are being created in our community,” he said. It's a billion dollar promise that Kennedy and others are hoping will be kept. But it ...
Investment surge gives US the early lead in rise of the robots
Surging investment in artificial intelligence is giving the US an early advantage in the race to dominate a new era of robotics, according to investors and experts in an industry that is set to become one of the most strategically important. Recent ...
BNP Paribas net profit up 10% but investment bank takes hit
French bank BNP Paribas reported a 10 percent rise in net profit in the first quarter, beating expectations, but its investment banking division took a hit from a volatile market environment. Net income came in at 1.814 billion euros ($2.09 billion ...
Thai Billionaire's Investment in Leicester City Pays Off
BANGKOK—Vichai Srivaddhanaprabha has a duty-free empire in one of the world's most-visited countries and a surname bestowed by his country's monarch. Now the Thai billionaire can add another honor to his name: owner of Leicester City, the newly ...
G-7 calls for energy investment amid grim industry outlook
KITAKYUSHU – The Group of Seven energy ministers have agreed that more investment is needed to lift energy output, but the outlook for boosting production remains tough. Energy companies still find it difficult to ramp up investment with no clear sign ...
Derry-based online firm hopes major investment will speed growth
An investment fund has bought a major stake in Learning Pool, a Londonderry-based online training company. Learning Pool, which was founded in 2006, employs 80 people and its customers include the NHS and Capita. The investor is Carlyle Cardinal ...
Asia funds say socially responsible investment faces major hurdles
While the numbers look impressive, a majority of asset owners haven't implemented investment policies that follow environment, social and governance (ESG) best practices, according to a March paper by the PRI organisation on the need for asset owners ...
UN Says Tax-Avoiding Investment Flows Eased Slightly in 2015
“The persistence of investment flows routed through offshore finance centers, as well as the level of profits booked in these jurisdictions, highlight the pressing need to create greater coherence among tax and investment policies at the global level ...
Beyonce Goes From Lemonade to Watermelons With Juice Investment
The entertainer on Tuesday announced an investment in World Waters LLC, which produces a sports drink made with watermelon juice processed at high pressure. The deal adds to Beyonce's wellness-focused business portfolio, which also includes ...
Beyonce Follows Lemonade With Watermelon Investment
Since April 27, Beyonce has been on the Formation World Tour, where her new investment will already enjoy opportunities for promotion. The drink, called WTRMLN WTR, will be sold at concert venues on the tour and at pop-up shops in the U.S. The ...
New One Oxford Centre owner planning significant investment
When it comes to what's next for One Oxford Centre, downtown Pittsburgh's third largest office building, look for a long-term investment approach, major capital improvements to come, and an effort to reorient the Grant Street building's retail to ...
Lisbon man faces federal fraud charges in $400000 investment scheme
CLEVELAND, Ohio — A Lisbon man faces federal charges following his arrest earlier this year on accusations that he illegally used other people's credit cards and coaxed investors into giving him money for companies that didn't do anything. Paul ...
Overtrading Is the Enemy of Investment Performance
The biggest enemy of investment performance is overtrading. Overtrading means trading too much, too frequently or too large. Many times when I talk to people they say they're interested in making money as investors or traders, but I think what they're ...
Endurance logs quarterly profit despite investment results lag
Endurance Specialty Holdings Ltd. reported higher profits and premiums in the first quarter of 2016 following last year's acquisition of Montpelier Re Holdings Ltd., but said it is taking steps to correct for losses in its investment portfolio. The ...
No salaries for investment ambassadors
Minister without portfolio in the mega Ministry of Economic Growth and Job Creation, Daryl Vaz, explained that the investment ambassadors will not receive salaries or benefits, but that the Government could foot the bill for some of the anticipated ...
​Senate passes tax incentives to encourage startup investment
Two new tax initiatives designed to encourage early-stage investment in Australian startups have passed the Senate on Wednesday. Coming into effect on July 1, 2016, both the Tax Incentive for Early Stage Investors and New Arrangements for Venture ...
Société Générale Profit Rises Despite Weakness in Investment Banking
PARIS — Société Générale, one of France's largest banks, reported on Wednesday a rise in first-quarter profit, as a one-time revaluation of its own debt and a shift in the way it prepares for potential bad loans helped it offset a weak market for ...
Investment Management Earnings Preview: APO, FIG, OMAM
Investment management (part of the broader Finance sector) performed decently over the last several quarters. But the trend is showing a gradual reversal. Slowdown in China's economy, a stressed energy sector, uncertainty over the timing of the Fed ...
Advisers Add Investment Committees to Smooth Operations
As advisers continue to break away from the largest securities firms and registered investment advisory firms become larger, more of these independent RIAs are setting up investment committees. These committees may help advisers formalize their ...
China pledges steps to halt slowing private investment
The cabinet's announcement came after data showed fixed-asset investment by private firms rose 5.7 percent in the first quarter from a year earlier, slowing from a 10.1 percent rise in 2015. "Private investment is an important supporting force for ...
Battered Hedge Fund Stars Offer Up New Ideas At Sohn Investment Conference
The hedge fund world is having its worst year since the financial crisis, as investors pull tens of billions of dollars from the asset class as funds struggle to outperform rising, but volatile markets. But the stars of the industry once again are ...
Bill Gross Sells a Prized Investment: Stamps
William Gross at a 2006 stamp exhibition in Washington. Credit Michael Temchine for The New York Times. William H. Gross, as prominent a stamp collector as he is a bond investor, has just sold a sizable chunk of his stamp collection — netting $4.5 ...
Rise of the Robots Is Sparking an Investment Boom
Domestic robots keep busy at the Korea Institute of Science and Technology. One makes toast, while the appropriately attired bot at right waits to deliver the toast to a human. At left, a third robot tests technology for navigating through a house ...
TABLE-Hedge fund managers' investment picks from Sohn conference
(Adds xxx) NEW YORK, May 4 Hedge fund billionaire investor Larry Robbins on Wednesday kicked off the year's most prominent investment conference by laying out the case that hedge fund investors do not focus on the short term, pointing to his long ...
Connecture gets $52 million investment
The investment agreement also includes additional funds from Louisville, Kentucky-based Chrysalis Ventures, which already is a Connecture shareholder. Connecture's shareholders approved the deal on April 28, and 52,000 shares of a new class of series ...
BT prepares ultrafast broadband investment for two million homes to tackle Ofcom threat
In the latest phase of its battle against losing control of its network division, Openreach, the telecoms giant's chief executive Gavin Patterson is expected to announce a major boost to its investment plans at a meeting with investors. The centrepiece ...
Weaker Investment Income Stings Insurers' Results
Prudential logged a slight 0.4% increase in investment income but said its business took a hit on fluctuations in a portfolio that includes hedge funds, private equity and real estate. Lincoln Financial blamed lower investment income for declines in ...