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Investment News 06/2016



EU exec wants to extend investment scheme, give more money to companies
The aim of the investment scheme, launched in the middle of 2015, is to use 21 billion euros of EU money to attract 15 times more of private funds over three years for investment in European infrastructure, energy and research and development. The plan ...
Investment Plan for Europe: European Fund for Strategic Investments to be extended following successful first year
Eighteen months after President Jean-Claude Juncker launched the Investment Plan for Europe, and a year after the start of the European Fund for Strategic Investments (EFSI), the Commission takes stock of achievements to date. Today the Commission ...
banks' hopes of big cost savings 'a pipe dream'
Transformational cost savings are a “pipe dream” for investment banks and only a handful will “eventually” be able to meet their cost of capital, the Boston Consulting Group has warned. The caution came as BCG executives were speaking to a ...
The developing world is outspending richer countries on renewable energy investment
Renewable energy had its best year ever in 2015, in terms of both investment and building. As a relatively small industry, that might not be surprising. Without massive setbacks (like the 2008 financial crisis), and with a lot of room for growth, each ...
Ethiopia tries investment as cure for Ogaden conflict
Ethiopia 2 hours ago. Ethiopia tries investment as cure for Ogaden conflict. Government keen to highlight reconstruction after decades-long war with fighters seeking a homeland for ethnic Somalis. Charles Stratford 01 Jun 2016 12:15 GMT. Listen to this ...
Uncovering the investment fees you don't know you are paying
Jim, a 66-year-old investor and retired paramedic, knew he was paying something, but he just wasn't sure what. So he sought to move to another financial advisor and get some answers. Why he never asked anyone in the first place is beyond me; frankly, ...
Sallie Krawcheck Launches New Investment App Ellevest
Women in the United States control over $5 trillion in investable assets. That's right: 5 trillion—as in 5 followed by 12 (12!) zeros. Considering this staggering figure, you'd think that investment advisors would be clamoring to attract more women as ...
Hartford Funds Partners with Schroders to Expand Investment Platform
RADNOR, Pa.--(BUSINESS WIRE)--Hartford Funds and Schroders announced today that they have entered into a strategic relationship to expand Hartford Funds' investment platform. The relationship allows Hartford Funds to provide a broader, more diverse ...
Goldman Sachs cuts investment bankers as dealmaking slows
The bank eliminated dozens of managing directors, executive directors and vice presidents across its M&A, debt and equity capital markets teams, Bloomberg News reported. The Wall Street firm, led by CEO Lloyd Blankfein, is cutting investment banking ...
The Latest: Financier Hatched House Speaker Investment Plan
A prominent Alabama businessman says Alabama House Speaker Mike Hubbard asked him for financial advice on resolving debts at his Craftmaster printing company. Will Brooke, an executive at a finance firm, testified that Hubbard asked for his help ...
Canadian companies at capacity, yet still cautious on investment
Canadian business investment fell again in the first quarter, gross domestic product data released on Tuesday showed, the fifth straight quarterly decline, which weighed on economic growth. The business investment decline, heavily influenced by the oil ...
Environmental and Social Impacts of Chinese Investment Overseas - The Asia Foundation
Along with the increased focus on environmental issues at home, more and more attention is being paid to the social and environmental impacts of China's investments abroad. Outward foreign direct investment (OFDI) from China has exploded in the past 15 ...
Uber just raised $3.5B from Saudi Arabia's Public Investment Fund
In its quest to build a global empire, Uber has turned to the Middle East for its biggest infusion of cash from a single investor. Uber said on Wednesday that it had raised $3.5 billion from Saudi Arabia's Public Investment Fund, the kingdom's main ...
What Uber's Massive New Investment Really Means
World domination is expensive. As Uber has pushed its ride-sharing business into 460 cities in 69 countries (and counting), the company has developed an insatiable appetite for new capital. Now, in the largest single investment ever made in a private ...
The trade-investment disappointment loop
Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from ...
Danske Bank Hires Investment Head for $200 Billion Wealth Unit
Danske Bank A/S hired a new director for its wealth management unit as Denmark's biggest bank steps up its focus on areas outside traditional lending to cope with years of negative interest rates. The Copenhagen-based bank recruited Henrik Gade Jepsen, ...
China steps up investment in Hollywood
“To use the China angle to make an investment in a US company is attractive,” said Neil Shen, managing partner of venture capital firm Sequoia Capital China. “You need credibility and connections, and Donald has both.” Mr Tang said: “Content will ...
Shinzo Abe's stimulus lifts Japanese investment
China's investment has increased as well, with the nation stepping over Singapore to become the fifth-biggest direct investor in Australia, with investments worth $35bn. Manuel Panagiotopoulos, the founder of the leading business think-tank on the ...
Varcoe: Time to revisit barriers to Chinese investment in oilsands
It also begs the question of whether the barriers to investment by state-owned enterprises, put in place by the Harper government in late 2012, still make sense. On Wednesday, Foreign Affairs Minister Stephane Dion met with his Chinese counterpart ...
Time to build on the gains and bolster private investment, says Assocham's Sunil Kanoria
KOLKATA: Hailing India's emergence as the fastest growing major economy in the world with the GDP expanding by 7.6%, Assocham president Mr Sunil Kanoria on Thursday said it was time to build on the gains and bolster private investment which will be a ...
BILL GROSS: The last 40 years of investing history are a 'black swan' that won't be repeated
In his latest investment outlook, published on Thursday morning, Gross wrote that he thinks the stellar returns experienced by both bond and stock investors over the last 40 years are an anomaly that will not be repeated. Gross looks at two simple ...
BMO buys Minneapolis investment bank Greene Holcomb & Fisher
BMO Financial Group, the Canadian banking giant that has a significant Midwest foothold, is buying Greene Holcomb & Fisher, a Minneapolis investment bank, the companies said this morning. The transaction, terms of which were not released, is expected ...
Signet Drops After Grant's Investment Newsletter Sparks Concerns
Signet Jewelers Ltd. shares dropped as much as 14 percent after James Grant's investment newsletter took a critical view of the company and sparked fears about a possible gem-swapping scandal. Saying it was bearish on Signet, the report raised concerns ...
Hedge Fund Reinsurer Investment Fortunes Reverse In Q2 2016
The first-quarter of 2016 saw Greenlight Re come out ahead, in terms of investment returns, with the Cayman Islands based reinsurance company reporting a positive 2.5% return, compared to Bermuda-domiciled Third Point Re which fell to a -2.1% ...
Trade Groups Decry Feds' New Investment Rule
DALLAS (CN) - The Labor Department's new 1,023-page rule that imposes a fiduciary duty on investment professionals will hurt people who save for retirement and exceeds the department's authority, trade and business groups claim. Lead plaintiff U.S. ...
New Commitments to Accelerate Investment in the Clean-Energy Transformation
Today in San Francisco, leaders from 23 countries representing 90 percent of clean energy investment and 75 percent of global carbon emissions are announcing new actions to accelerate the global transition to a clean-energy economy. This means ramping ...
Radical Changes Are on the Way for Investment Banks
The collective return on equity of the world's biggest investment banks in 2015 was just 6%, according to a recent report from the Boston Consulting Group, well below their presumed cost of capital. This isn't a passing wave of underperformance. The ...
Uber Asked About Women After Saudi Investment
Uber's biggest investment under one and it was the biggest venture out of the risk of its kind ... so is it safe to say that the arms raised only escalates from here ... what Andy and fuel plants that ... help from my ... office and she perspective is ...
Chinese auto supplier Ningbo Joyson looking at investment in Takata
Key Safety Chief Executive Jason Luo said his company and Ningbo Joyson were discussing a potential investment with Lazard - the investment bank Takata has hired to lead a financial restructuring with the aim of resolving its recall costs. Ningbo ...
In the new investment mix, clients demand more
The mainstream increasingly has welcomed environmental, social and governance investing as a smart financial decision. As such, responsible funds are expected to endure greater scrutiny over social factors and financial ones. Investing with ESG values ...
As Iraq repays debt, Lukoil pledges to unlock investment
VIENNA Iraq has positively surprised oil majors by starting quickly to repay accumulated debts, the head of Russia's Lukoil said, pledging more investment to allow OPEC's second-largest producer to maintain stellar output growth. Iraq has become the ...
Spurring Private Investment for Development
STRASBOURG – Successful economic development has hewed to a well-known pattern. Lifting a country out of poverty and placing it on a path of sustainable growth requires hard work, the creation of a robust system of property rights, and – crucially ...
Talen Energy being acquired by private investment firm
ALLENTOWN — Talen Energy Corp. announced Friday that it has entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC, a private investment firm. Riverstone currently owns about 35 percent of the outstanding shares of Talen ...
Health software firm QGenda draws investment from Francisco Partners
Health software firm QGenda has drawn an investment from Francisco Partners, a San Francisco–based technology private equity firm. While financial details of the investment were not disclosed, Francisco Partners invests $50 million to $2 billion in ...
Investment Banks Are in for a World of Hurt
“Unfavorable economic conditions, escalating capital requirements, and stubbornly high costs continue to depress the performance of many investment banks,” opens a recent Boston Consulting Group report on the state of investment banking. The report ...
China Investment Push Draws American Ire As Once-Silent Companies Complain About Closed Chinese Market
At an annual meeting known as the Strategic and Economic Dialogue, which begins this weekend, American officials will take up the matter of China's relatively closed market for U.S. investment in areas like agriculture and financial services. U.S ...
GAO: CIOs underestimating IT investment risks
This variation often occurs, the GAO authors wrote, because despite OMB's standard set of investment evaluation factors — risk management, requirements management, contractor oversight, historical performance, human capital and an option for other ...
Interview With Eric Schoenstein of Jensen Investment Management
Jensen Investment Management — in Lake Oswego, Ore., about as far as you can get from Wall Street — is driven by its commitment to investing in high-quality businesses at reasonable prices. The firm's successful strategy of investing only in ...
Russia Investment Bet Turning Out A Winner
Looks like Moscow-living American portfolio manager David Herne got his Russia call right on the money. He's beating the market this year. Herne was featured in the FORBES Investment Guide in December. Not that he was bragging about his sober take on ...
Here's why Apple's $1 billion investment in Didi Chuxing is so weird
But Apple's investment was also notable for a reason having nothing to do with Didi or Uber: It represented extremely unusual business behavior by Apple. “Does Apple do this frequently? No, they do not,” says Anand Sanwal, CEO of CB Insights, which ...
WATSON: A historic investment in Ottawa's transit future
Today, the province announced a $1 billion investment towards the city's Stage 2 LRT initiative, plus 50 per cent of the cost associated with extending the O-Train to the airport and from Place d'Orléans to Trim. This is a total investment of $1.16 ...
Political investment breeds corruption - Expert
“It becomes an investment so they've got to be paid. That's where we have a problem because [in] the repayment, the risk is factored into the repayment and it's a huge one. And then we start shouting corruption, we start shouting sole sourcing but it ...
South Africa's investment grade rating still vulnerable after S&P reprieve
JOHANNESBURG, June 4 (Reuters) - Standard & Poor's decision to maintain South Africa's investment grade credit rating has taken some pressure off President Jacob Zuma ahead of elections in August, although analysts said the country is still vulnerable ...
how to invest your first $1000
As a matter of course, a good rule of thumb would be to keep your brokerage to under 1 per cent of your investment amount – meaning with brokerage around $20 per trade, you should keep the $1000 in a savings account and keep saving. Then once you ...
Trustee fined over investment referrals
Weatherford ISD school board trustee and CPA Stanley Brian Catlin was fined by the Texas State Securities Board, which found he referred clients to an investment adviser for years without registering with the state as required by law. According to the ...
What's The Single Best $10000 Investment To Hold For The Next 25 Years?
The poster then asked the Reddit community what single investment they would choose if they had to place a $10,000 25-year bet. Here's a sampling of some of the suggestions. The top poster suggested the SPDR S&P 500 ETF Trust SPY 0.3%. While others ...
Tanzania: Investment Climate Remains Attractive
THE list of investment projects registered by Tanzania Investment Centre (TIC) from December, last year, to May, this year, shows an increase of 20.31 per cent equivalent to 551 entities worth 9,211.88 million US dollars as compared to the 458 projects ...
China promises to improve laws, services to boost private investment
Private-sector fixed-asset investment, which includes land, equipment and buildings, accounted for more than 60 percent of overall investment in January to April, government data showed. But the amount grew just 5.2 percent from the same period a year ...
We are on an investment mode in India: Uber India President Amit Jain
"We are on investment mode in India. Every country is different and you have to customise in every market, even as the technology back bone remains the same. We have customised the app to work on low network conditions, we introduced cash payment ...
Investment: South Africa dodges bullet
JOHANNESBURG: South Africa held on to its investment-grade credit rating from S&P Global Ratings on Friday, but the rating agency also maintained its negative outlook, citing low GDP growth. S&P left its rating BBB- but warned in a statement that its ...