Gov’t To Steer Investment Into 5 Key Areas

The Chinese government will guide investment into five key areas of the economy to help competitive enterprises out of difficulty and ensure steady economic development, Finance Investment an official from the Ministry of Industry and Information Technology said on Tuesday.
Hou Shiguo, chief of the ministry’s industrial policy department said in an interview with Xinhua [...]

Tharwa Investment Company Launches Investment Fund Targeting Mena Region

Tharwa Investment Company, a closed Kuwaiti shareholding company with a paid up capital of KD15m announces the launch of a new fund to expand the offers for its investors on local and regional level.
The Tharwa Arab Investment Fund delivers medium to long term capital appreciation primarily through investing in a diversified portfolio of quality stocks [...]

Major Economic Indicators Perform Negatively In 2007-08

ISLAMABAD: All major economic indicators, Foreign Direct Investment (FDI), exports, Large Scale Manufacturing (LSM), saving and investment and tax collections witnessed negative growth in the outgoing fiscal year 2007-08.
Foreign Direct Investment: According to the State Bank of Pakistan data, the net foreign private investment during July-March 2007-08 has declined by 46.3 percent over the corresponding [...]

Hsbc Plans To Continue Investment In Emerging Markets And Us Hispanic Market

HSBC Holdings PLC, Europe’s biggest bank, said Friday it plans to continue to invest primarily in fast-growing emerging markets where it expects “reasonable growth” this year against a weaker outlook for the United States and Europe.
However, Chairman Stephen Green also said that HSBC would invest further in the United States, particularly in markets that target [...]

Mozambican Foreign Investment To Climb 30% As Economy Expands

Mozambique expects foreign direct investment to climb 30 percent in the next four years as the economy expands, Finance Minister Manuel Chang said.
Investment will probably reach $450 million this year and $560 million by 2011, compared with $430 million in 2007, Chang said in an interview in Maputo, Mozambique today. Agriculture and tourism are likely [...]

Asset Manager Bucks Trend With Spacs Move

US alternative asset manager Angelo, Gordon has decided to buck the trend by listing a special purpose acquisition company while others were waiting for equity market conditions to improve.
The hedge fund, real estate and private equity manager, which has $15bn (€9.6bn) of assets under management, has set out to raise $300m for the Spac, the [...]

Bovespa Rises To Record After Investment Grade Rating

Brazil’s Bovespa stock index jumped to a record after Standard & Poor’s unexpectedly raised the country’s credit rating to investment grade.
Lojas Renner, Investment Property Brazil’s second-biggest retailer, climbed to the highest since 2005 as a growing economy spurred a 62 percent jump in profit. Usinas Siderurgicas de Minas Gerais SA led steelmakers higher after its [...]

Allegro’s Take On Private Banking In India

Kunal Kashyap, founder and CEO of Indian investment bank Allegro Advisors, discusses the firm’s focus on wealth management and what advice he is giving his clients.
What prompted Allegro to start offering wealth management services in India?
We started Allegro with the vision of creating a full-service Indian investment bank so wealth management services were part of [...]

Execs Profit By Querying 401(K) Costs, Plans Can Save Millions

A growing number of 401(k) plan executives are demanding to know how much in excess revenue is generated by their plans and how they can get their hands on that money to cut costs and enhance services to participants.
Among those that have gone through the process: Akzo Nobel in Chicago, with $1.6 billion in plan [...]

Auckland Families’ Shattered House Dreams

Families have become crippled with debt or lost their houses after dealing with a property company that offers to get low income immigrants into their own homes. Tony Wall and Emma Page follow the trail of misery.
It’s a Wednesday night in Otahuhu, South Auckland, and a trickle of Samoan families are arriving at the Home [...]