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Investment News 10/2017



Will bitcoin ever be a safe investment or always a gamble?
“BTC [bitcoin] and crypto[currency] more broadly have hit the mainstream consciousness,” says Lex Deak, chief executive of alternative investment aggregator Off3r. “I am getting an increasing number of enquiries from late adopters who want to learn ...
Transnistria Allegedly Seeking Russian Investment to Establish Bitcoin Farms
The unrecognized territory of Transnistria is reported to be seeking investment from Russian mining entrepreneurs to establish bitcoin mining farms, according to Russian news outlet Lenta. The report suggests that the territory hopes to enter the ...
Philippines to see steady investment from Chinese firms 'excited' by the opportunities, top official says
“Investment growth will become more predictable and steady in the future when it reaches a new normal,” Pernia said, noting that he is confident of sustainable growth in investment from China, although the pace might slow down from the rush in the ...
The head of investment themes at UBS explains the big trends every investor should know
Global trends and changing demographics can produce major tailwinds for companies that are properly positioned. But identifying those companies and building a sound portfolio around them is not easy. So we spoke with Laura Kane, head of investment ...
'Big Joe' Clark column: Pondering alternative investment products
The desire to reduce volatility within an investment portfolio is understandable. However, buyers should beware of false notions and bad math. Many commercials prey upon investors' fears. Television and radio spots forecast the impending doom of the U ...
HGTV's 'Fixer Upper' makes house flipping seem like a good investment — but there's a catch
For many featured on the show, working with Chip and Joanna gives them more than their dream home — they also clinch a good investment. When it's time for the big reveal at the end of each episode, Chip guesstimates the new value of the home, after ...
Consider quality investment opportunities over price
It seems that every year the question is worded in a slightly different context but the underlying theme is always same: What is going to happen on Wall Street if ... and here you can substitute the event du jour. Unfortunately, all the crystal balls ...
Surveys show upbeat economic, investment outlook for Japan
The survey released Monday, Oct. 2, 2017, indicated growing shortages of factory capacity that could drive manufacturing investment to help drive growth. However the longer term prospects were less upbeat, and overall growth looks set to remain at ...
Create an Investment Policy Statement
I urged investors to take up a similar challenge with their investment programs, and sketched out my own as part of this article. But investors can also benefit from fleshing out the parameters of their investment strategies a bit more by crafting ...
Bitcoin Beats Classic Cars, Art, Wines in Luxury Investment Index
As the Bitcoin price starts to regain its strength following the short dip it experienced in the past week, the latest Knight Frank's Luxury Investment Index, which has risen in value by 5% over the past year, shows that certain luxe collectibles have ...
Roivant Makes $116 Million Investment In Arbutus, Backing Battle With Moderna
Roivant Sciences and Moderna Therapeutics, two of the most highly-funded and controversial companies in the biotechnology world, are headed for a collision course over medical technology. On Monday, Roivant said it had agreed to invest $116 million in ...
Las Colinas office buildings sell to California investment trust
KBS Strategic Opportunity REIT acquired the 18-story 125 East John Carpenter tower and an adjoining 6-story building. The buildings - developed in the 1980s - have 442,039 square feet of office space and are 84 percent leased. Located in the Las ...
Robotics process automation startup Kryon pulls in $12M Series B investment
In an industry that tends to concentrate its startup energy in Silicon Valley, Kryon defies convention. The robotics process automation (RPA) startup has its US headquarters in New Jersey. The location didn't matter when it came to getting investment ...
Wal-Mart's AI Investment: Assessing The Possibilities For Revenue Growth
Wal-Mart is reportedly planning to build a GPU farm about 10% of the size of Amazon's. The investment is indicative of an overall investment in AI. Strengthening its own AI capabilities could boost online revenue and support its omni-channel retail ...
Alibaba Price Target Cut: Will Logistics Investment Hurt Profits?
Raymond James analysts are still bulls on Alibaba Group Holding (BABA) stock, but they lowered their price target by $10 to $210 Monday. By. Dimitra DeFotis. Updated Oct. 2, 2017 12:14 p.m. ET. Text Size; Regular; Medium; Large. Raymond James ...
Goldman Sachs Investment Unit to Pay for Research Under MiFID II
Goldman Sachs joins BlackRock Inc. and the investment units of UBS Group AG, JPMorgan Chase & Co. and Deutsche Bank AG who have all said they too will pay for third-party analysis. Some money managers including MFS Investment Management say ...
South Korea's ICO Ban: A Reaction to "Serious Concerns" Over Cryptocurrency Investment Practices
The South Korean Financial Services Commission (FSC) has announced it will ban all forms of initial coin offerings (ICOs). After a meeting to discuss virtual currency control, the vice-chairman of financial affairs, Kim Yong-bum, made this comment as ...
Voodoo Doughnut takes on 'significant investment' from private equity firm
Voodoo Doughnut, the quirky doughnut shop that's helped keep Portland weird for more than a decade, has taken on a "significant investment from San Francisco private equity firm Fundamental Capital, the Portland Business Journal reports. Founded in ...
Xerox's Chief Investment Officer Retires
Xerox Corp.'s chief investment officer is retiring after more than a decade overseeing the company's retirement assets in North America and the U.K.. Carol McFate, whose last day as CIO is today, has led Xerox's defined benefit and defined contribution ...
Agricultural trade demands investment in MAP and FMD
The story is now legend in farmer circles: Agriculture Secretary Sonny Perdue · George (Sonny) Ervin PerduePut people ahead of profits in poultry Overnight Regulation: Supreme Court temporarily lifts restrictions on travel ban | WH to consider new ...
U. investment in geothermal energy among summit highlights
FILE - The University of Utah is partnering with Utah-based Cyrq Energy and Berkshire Hathaway Energy Renewables with plans to get 50 percent of its electricity from renewables, including geothermal. SALT LAKE CITY — Plans by the University of Utah to ...
Barclays appoints head of investment banking in Europe
Barclays has named a dedicated head of of its banking business in Europe, the Middle East and Asia Pacific as part of ongoing changes under new investment bank head Tim Throsby. Reid Marsh, most recently the bank's co-head of Asia Pacific, now ...
Baltimore home sellers see low return on investment, Zillow finds
Baltimore homeowners who sold their property last year didn't get much of a return on their investment — just $5,000 more than they paid, according to a new report from Zillow. The return on investment for a home sold in Baltimore in 2016 was just 5.4 ...
Berkshire Hathaway makes 'significant' investment in Pilot Flying J
Warren Buffet's Berkshire Hathaway has agreed to make a "significant minority investment" in Pilot Travel Centers. CNBC is reporting the conglomerate will acquire nearly 40 percent of the Tennessee-based truck stop operator. Better known as Pilot ...
Infinidat, Now Profitable, Nabs $95M Investment at $1.6B Valuation
The company's private investors now value Infinidat at $1.6 billion, according to a press release. Its last investment—a $150 million Series B round in 2015—gave Infinidat a $1.2 billion valuation. The company's total venture capital haul is now $325 ...
Emerging markets to lure over $1 trillion in foreign investment in 2017: IIF
NEW YORK (Reuters) - Emerging markets will draw $1.1 trillion of capital flows from non-resident investors this year, the Institute of International Finance said in a report released on Tuesday, ramping up its estimates from earlier this year as a ...
Global investment banking fees at 10-year high
LONDON, Oct 3 (Reuters) - Global investment banking fees in the year to date have reached their highest since just before the financial crisis, coming in at $76.1 billion, according to Thomson Reuters data. The global fee pool is up 14 percent to a ten ...
Saudi king heads to Russia, with oil, investment and Syria on agenda
“The Saudis want help on Iran, and Russia wants trade and investment,” said Mark N. Katz, an expert on Russia-Middle East relations at George Mason University. “In the Saudi mind, they're definitely linked and the Russians are going to try to separate ...
My Prospect Capital Investment Strategy Explained
In addition, Prospect Capital cut its monthly dividend twice in recent years, both times because its net investment income turned out be insufficient. Nonetheless, it can make sense to buy this dividend dog since the BDC just recently cut its dividend ...
Ford Chief Outlines Investment Shift Away From Passenger Cars
Instead, it will shift about $7 billion in investment toward trucks, sport-utility vehicles, electric cars and autonomous vehicles — products that are growing in popularity and likely to generate profits in the years ahead. “The decision to change is ...
US economic growth expected to continue, Baird investment pro says
The long-running U.S. economic expansion isn't ready to end but seems unlikely to pick up a lot of steam, a top investment professional said Tuesday. Now 98 months long, the expansion, with average gross domestic product growth of 2.1%, is one of the ...
A $2 trillion investment chief corrects the 'myths about millennials' when it comes to investing
But according to Mark Haefele, the global chief investment officer at UBS Wealth Management, a lot of what he has heard about the millennial generation is a "myth." Specifically, the idea that they are more of a "me" generation just isn't the case, he ...
Uber board approves proposed SoftBank investment
Uber's board of directors unanimously voted today to approve a proposed investment by SoftBank. The deal isn't finalized just yet, so it's not clear how much money SoftBank will invest in Uber. As TechCrunch previously reported, the amount could be ...
Uber clears way for huge Softbank investment
Uber's directors approved a huge investment from Japan's Softbank late Tuesday, and a series of changes to its board. The firm said the investment, which reports suggest may hit $1.3bn (£980m), could be finalised in the coming weeks. The board of the ...
CBI's Fairbairn Says Transition Unlocks UK Investment
Carolyn Fairbairn, director-general at CBI, talks about how the Brexit transition period can impact British businesses. She speaks with Bloomberg's Anna Edwards on "Bloomberg Surveillance." (Source: Bloomberg) ...
Zillow: Baltimore home sellers see low return on investment
BALTIMORE — A real estate database company has found that Baltimore homeowners who sold their property last year received $5,000 over what they paid. The Baltimore Sun reports Zillow found the return on investment for homes sold in Baltimore in 2016 ...
'We'll pay nothing': TowerJazz seeks growth with minimal investment
Ellwanger has managed to strike agreements - like the 2014 Panasonic one - to expand the company's manufacturing operations with minimal investment. He is counting on this strategy to drive further growth - but it has its limits and risks. Rather than ...
Single Payer, Medicare-For-All And The Investment Implications
It is not too early to consider the investment implications. Even if such a system is ultimately never adopted, a perception that the chances of some type of monoponistic health care system be adopted have significantly increased would impact the ...
Three Questions To Ask Before You Choose Your Investment Property Location
While the majority of people prefer to buy investment homes close to where they live — which makes sense on some level — this method forfeits one of real estate's best advantages: the diversification of risk. When does it make sense to broaden your ...
Investment Alternatives To Deploy Your Cryptocurrency Needed, Says Algo 'Crypto-Asset' Manager
But what is striking is the lack of investment vehicles available to crypto currency holders. Currently, they have the choice between holding crypto currencies and jumping from one to another - directly or through some dedicated funds - or invest in ...
Ridge Hill mall to be sold to Australian investment firm
YONKERS - The Ridge Hill shopping center will be sold to an Australian investment firm as part of a larger deal signed this week. Under the agreement, Forest City Realty Trust, the original owner of Ridge Hill, will sell its remaining share of Ridge ...
Commentary: Debunking some of the biggest investment myths
The investment management industry relies on foundations and pillars that strongly influence beliefs and decision-making. While some are robust and strongly defined, others are either flawed or not well-defined, which leads to misunderstandings. This ...
Warren Buffett says this one investment 'supersedes all others'
Billionaire investor Warren Buffett says the very best investment you can make is one that "you can't beat," can't be taxed and not even inflation can take away from you. "Ultimately, there's one investment that supersedes all others: Invest in ...
Gannett Closes Majority Investment in Grateful Ventures
Today, Gannett Co., Inc. (NYSE: GCI), parent company of USA TODAY NETWORK, announced it has closed a majority investment in Grateful Ventures, LLC (“Grateful”), an online media and publishing company which focuses on building lifestyle content and ...
Why Jewish group says NJ should dump this pension investment
TRENTON -- A Jewish advocacy group is calling on the state's pension investment overseers to divest from a Danish bank it accuses of boycotting Israeli businesses. The State Association of Jewish Federations on Wednesday argued before the State ...
Aviva buys majority stake in 'straightforward' robo investment start-up aimed at millennials
Insurance giant Aviva has bought a majority stake in a British start-up that manages diversified investment plans. The insurer said Thursday it would allow customers to access "robo" investment firm Wealthify's services via its app MyAviva. Based in ...
Saudi Arabia's SALIC considers Russian grain investment
The memorandum of understanding was one of several signed at the Russian-Saudi Business Investment Forum in Moscow. Saudi Arabia's King Salman is meeting Russia's President Vladimir Putin in the Russian capital on Thursday. (Reporting by Polina ...
Spain's economy minister says Catalan uncertainty has paralyzed investment in region
MADRID (Reuters) - Investment projects in the northeastern region of Catalonia have been paralyzed by the current political uncertainty, Spanish Economy Minister Luis de Guindos said on Thursday. “This is generating uncertainty that is paralyzing all ...
Millennials turn to ETFs to achieve investment objectives
A BlackRock survey from September 2016 revealed that 70% of millennials were likely to allocate new investments to ETFs in the next year. And 56% of millennials described ETFs as their investment vehicle of choice as part of a Charles Schwab & Co ...
Quadratic Capital tells investors to bet against these two loan-pool investment companies
"The Fed reducing the balance sheet is a major game changer," Nancy Davis, the firm's managing partner and chief investment officer, said in a presentation at the Sohn Conference in San Francisco. "The first place that's going to feel that is the ...