Fortress Investment Swings to 4Q Loss (AP via Yahoo! Finance)
Fortress Investment Group LLC, a private equity and hedge fund manager, on Tuesday reported a fourth-quarter loss after paying $240 million in principal compensation.
Opening Glance: Investment Banks (AP via Yahoo! Finance)
Shares of investment banks traded lower Tuesday morning as broader markets fell slightly. How shares of some major investment banks were trading after the opening bell:
RAK projected as leading investment hub (Khaleej Times)
DUBAI Officials from the Ras Al Khaimah Investment Authority (RAKIA) stressed the business potential of the emirate, especially in the manufacturing and real estate sectors, at a forum of Indian investors yesterday evening.
Phison draws investment from Kingston (Digi Times)
Phison Electronics has successfully drawn investment from Kingston Technology via its right issues through a private placement. Kingston’s accumulated stake in the controller IC design house has reached 9.7% accordingly, according to company filings with the Taiwan Stock Exchange (TSE).
An Investment Banker Finds Fame Off the Books (New York Times)
Chetan Bhagat, an investment banker, has become the biggest-selling English-language novelist in India?s history.
TAIWAN: NCC rejects Chunghwa Telecom investment (AsiaMedia)
The National Communications Commission (NCC) threw a monkeywrench into Chunghwa Telecom Co’s plans yesterday, rejecting its investment in WiMAX license holder Global Mobile Corp.
ICD launches real estate and investment projects (Khaleej Times)
JEDDAH The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank (IDB), has reportedly launched real estate and investment projects in Saudi Arabia and various member countries.
British investment bank eyes Montana coal (Los Angeles Times)
Undisclosed client is interested in controversial Tongue River tract. A London investment bank representing an unspecified company has asked for an estimated 550 million tons of coal owned by the state of Montana to be put up for lease in the next few months, state officials said Tuesday.
Malaysian AMMB eyes Vietnam for investment banking (Reuters via Yahoo! Singapore News)
KUALA LUMPUR, March 26 - Malaysia’s fifth-largest lender, AMMB Holdings , plans investment banking and Islamic finance operations in fast-growing Vietnam, a senior company official said on Wednesday.