Posted by admin on April 27th, 2008
Turkish property has increased in popularity over the past year, while Morocco, Cyprus, Portugal and Italy have also shown significant growth as property hotspots.
Turkish property* has soared in popularity more than three-fold over the past year amongst British investors, research from Moneycorp’s Foreign Focus Index reveals. The number of enquiries relating to buying property in [...]
Posted by admin on April 22nd, 2008
The Madhvani group is set to scale up its investment portfolio in Rwanda with new ventures valued at US$20 million in the telecoms, tourism and insurance sectors.
The group already has investments worth $13 million in the sugar industry.
Mr. Mayur Madhvani, the group managing director recently presented his investment plans to President Paul Kagame.
The Madhvani group [...]
Posted by admin on April 16th, 2008
BlackRock Inc.’s first-quarter net income rose 24% but failed to meet analysts’ expectations, as investors withdrew money from the firm’s core bond funds to put into lower-fee cash investments.
While the company posted earnings of $1.82 a share, Investment Banking up from $1.48 a share, a year earlier, analysts surveyed by Thomson Financial forecast on average [...]
Posted by admin on March 30th, 2008
By Jonathan Stempel and Dan Wilchins
NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) is cutting about 2,000 more investment banking and trading jobs, a person briefed on the matter said, as the largest U.S. bank moves to lower costs after subprime mortgage and credit problems led to a record [...]
Posted by admin on March 21st, 2008
NEW YORK (AP) — Citigroup Inc. is continuing to cut investment banking and trading jobs this year as the bank tries to lower costs while recovering from colossal credit-related losses.Each year we identify the bottom 5% of performers in the Institutional Clients Group, and some number of these people leave the firm, Citigroup spokesman Dan [...]
Posted by admin on March 19th, 2008
(OTCBB:RFIVF) is pleased to report results received from the initial drill core on the Hampton property located in Livingston County, Kentucky, USA. The drilling is part of the Shawnee Project zinc and fluorspar exploration program and is being conducted by Dynamex Resources Corporation, a wholly-owned subsidiary. Core hole DXHR-1 encountered thick and high-grade bedded zinc [...]
Posted by admin on March 19th, 2008
NEW YORK (AP) — Citigroup Inc. said Monday it appointed John Havens chief executive of its investment banking division, effective immediately.The company named Michael Klein chairman of the division, which is called the institutional clients group (ICG).ICG is made up of the markets and banking and alternative investments groups.Citi said Havens was also appointed [...]
Posted by admin on March 14th, 2008
Citigroup Paid Pandit $165 Million in Old Lane Sale
By Bradley Keoun
March 13 (Bloomberg) — Vikram Pandit received $165.2
million last year when Citigroup Inc. bought Old Lane LP, the
hedge fund he co-founded and led.
Pandit, [...]
Posted by admin on March 14th, 2008
By Jon Hurdle
PITTSBURGH (Reuters) - Growing U.S. demand for alternative energy is boosting job creation and investment in renewable fuels and energy efficiency technology, experts told a national conference ending on Friday.
Workers are finding jobs building turbines for wind farms, installing solar panels and retrofitting buildings with stronger insulation as businesses [...]
Posted by admin on March 6th, 2008
In 2007, for example, the FTSE blue-chip index rose by less than 4 percent. The main index on Liv-ex, an independent trading and settlement platform for the fine wine trade, ended the year up just over 40 percent — and with excitement still bubbling around the 2005 Bordeaux vintage, now being shipped.
“More and more people [...]
