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Investment News

German conglomerate Siemens wants to attract investment from sovereign wealth funds to enlarge its long-term investor base and improve access to fast-growing markets, its chief financial officer said in comments published Thursday.


August 28th, 2008 - 08:30 AM   
ChipMOS Technologies Ltd. said that its IC-packaging and test subsidiary in Shanghai, China--Modern Mind Technology Ltd.--has formally cut its capital investment in that operation.


President Dmitry Medvedev's investment case for Russia has been dealt another blow as the Kremlin's recognition of rebel regions in Georgia provokes a stand-off with the West, adding pressure to stocks.


Morgan Stanley Investment Management announced today that the Morgan Stanley Frontier Emerging Markets Fund, Inc. (the "Fund") has issued 7,100,000 shares of common stock at a price of $20 per share resulting in gross proceeds to the Fund of approximately $142,000,000 (before deduction of the sales load and offering expenses and exclusive of the underwriters' over-allotment option). Assuming ...


(Adds Sarkozy comment.) PARIS -(Dow Jones)- The French business community Thursday criticized plans by President Nicolas Sarkozy's government to introduce a new tax on investment income to fund a jobseeker scheme.


Sudanese President Omar al-Beshir warned on Wednesday that possible legal proceedings against him by the International Criminal Court would damage foreign investment in the oil-rich country.


Aug. 28 (Bloomberg) -- Australian business investment rose more than twice as much as economists forecast in the second quarter as mining companies spent extra on machinery and equipment to meet demand from China.


Aug. 28 (Bloomberg) -- Australian business investment rose more than economists forecast in the second quarter as mining companies spent extra on machinery and equipment to meet demand from China.


August 28th, 2008 - 08:08 AM   
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $2.16 or 1.4 percent, to $157.64. Lehman Brothers rose $.28 or 1.9 percent, to $15.06.


The Rs 3,00,000 crore ($700 billion) of investment underway in the country is set to keep the economic growth pace above 8 per cent during 2008-09. This is despite challenges like higher inflation, possible rise in interest rates and spiralling input costs for industry, said KV Kamath.



 
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