US firms urged to tap investment opportunities in UAE

October 9th, 2009 BANGALORE - Hong Kong and Guangzhou province have invited Indian investors and entrepreneurs to explore business opportunities in South China. As a renowned international financial centre in Asia, Hong Kong is a favourite destination for investments in the services sector, which accounts for about 90 percent of its Gross Domestic Product (GDP), state-run Hong Kong investment promotion director-general Simon Galpin told IANS.

October 8th, 2009 Bioscience group grants $50 million for investmentOLATHE, Kan. — The Kansas Bioscience Authority is providing $50 million to increase the amount of investment dollars available for Kansas-based life science companies.

October 4th, 2009 3 more investment firms approved for asset programWASHINGTON — Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks. The Treasury Department said Alliance Bernstein LP and BlackRock Inc., both headquartered in New York City, and Wellington Management Co., based in Boston, had all raised the $500 million minimum to begin operations.

September 25th, 2009 LONDON - Two high-level Indian technology delegations are to visit Britain next week amid a bid by both countries to deepen their technology ties. Members of the Indian Semiconductor Association are to visit from Sep 29 to Oct 2 for seminars and networking events organised with Silicon South West, South West Regional Development Agency and East of England International.

September 17th, 2009 LONDON - In a survey released by the British First Secretary of State, Lord Mandelson, British firms have been urged to enhance their efforts to seek out opportunities in emerging markets like India and China The survey, entitled Survive and Prosper, found that almost two-thirds of UK companies expect to earn more than 20 per cent of their revenues from these emerging markets within the next five years. "UK businesses should be strategic about their exports and plan for the long term.

September 14th, 2009 COONOOR - State-run Export-Import Bank of India (Exim Bank) will fund Indian firms to acquire plantation estates in African and South American countries, a top official said here Monday. "As these countries allow ownership to overseas investors, we will fund acquisition of farmlands, especially plantation estates by credit-worthy investors and financially-strong plantation firms," Exim Bank chairman and managing director T.C.

August 27th, 2009 KUALA LUMPUR - With an estimated three-fold increase in workers, Pakistan is set to join Indonesia, Bangladesh and Myanmar as the largest primary source of foreign labour for Malaysia. Pakistan High Commissioner to Malaysia, Liutenant General (retired) Tahir Mahmud Qazi said the expected surge in number of labourers would help Malaysia cope up with the increasing demand due to the boom in the construction industry.

July 30th, 2009 THIRUVANANTHAPURAM - Kerala will host a seminar on Indo-British business partnership here Aug 6 to explore fresh business opportunities in the European country. According to a statement issued by the British Deputy High Commission, Chennai, a 10-member team representing the UK Trade and Investment (UKTI) will hold talks on discuss business opportunities with top officials of Kerala-based companies at the seminar.

July 22nd, 2009 SEC plans 'pay-to-play' curbs on investment firmsWASHINGTON — Federal regulators on Wednesday proposed new rules to restrain investment firms from making political donations to state or local government officials with an eye toward winning pension plan or other public business. The Securities and Exchange Commission voted 5-0 at a public meeting to propose curbing "pay-to-play" practices by barring investment firms from providing management services for two years if they make political contributions to elected officials who could influence awarding of contracts.

July 19th, 2009 BANGALORE - A dramatic meltdown after boom years globally has made Indian firms smarter in employee engagement and talent management, which will help it grow faster when recovery begins, predicts a study by global consulting firm Deloitte. "Indian companies across sectors are trying to make the best of tough times and preparing for growth opportunities when the economy picks up.

July 17th, 2009 ABU DHABI - A high-level delegation from the United Arab Emirates (UAE) has visited nine African countries to explore investment opportunities there, the WAM news agency said Friday. The government is looking to invest in the energy, agriculture, food and infrastructure sectors in Zambia, Lesotho, Zimbabwe, Mozambique, Malawi and Tanzania, among others, the report said.

July 14th, 2009 NEW DELHI - Only 160 out of 419 central government-run firms made profits in 2007-08, contributing Rs.23,857.88 crore (Rs.238.58 billion/$4.86 billion) as dividend to the exchequer, the government said Tuesday. Government-controlled companies had contributed Rs.18,443.79 crore (Rs.184.44 billon) in 2005-06 and Rs.22,834.76 crore (Rs.228.35 billion) in 2006-07 to the central kitty, said Minister of State for Heavy Industries and Public Enterprises Arun Yadav in a written reply in the Rajya Sabha.

July 10th, 2009 KAHANG - The Malaysian Government should give more opportunities to the Indian community in the country's development projects, the Tamil Nesan quoted state assemblyman R. Vidyanathan, as saying.

July 7th, 2009 Searches at offices of 2 Iceland investment firms REYKJAVIK, Iceland — Iceland's special prosecutor says that the offices of two investment firms are being searched in a criminal investigation related to the collapse of the nation's banking system. The special prosecutor's office said investigators were searching the offices of the investment firms Milestone and Sjova.

May 8th, 2009 Banks, investment firms draw less from FedWASHINGTON — The Federal Reserve says banks and investment firms borrowed far less over the past week from its emergency lending program, a hopeful sign some credit stresses are easing. The Fed says commercial banks averaged $40.9 billion in daily borrowing over the past week that ended Wednesday.