INVESTMENT

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India Inc. to benefit from PM's visit to South Africa

Indian Prime Minister Dr. Manmohan Singh's three-day visit to South Africa is expected to benefit India Inc. as the two nations will sign a number of bilateral agreements aimed to strengthen economic and commercial relationships.

Lee Kee stocks oversubscribe 266 times

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Lee Kee Holdings Limited, color metals stock and distribution company, announced the result of IPO - 200 million shares offered for HK investors got a 266 times......

Morgan Stanley buys Nantong Bank

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US investment bank Morgan Stanley announced yestoday it has acquired the Zhuhai Nantong Bank owned by Macau branch of Bank of China.
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MBK to Buy Taiwan Cable Firm for $1.6B: Reports

China Network Systems, Taiwan's largest cable TV operator, has decided to sell itself to MBK Partners, in a deal expected to fetch up to $1.6 billion, according to media reports on Monday.
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Wall St Week Ahead: Dow May Test Highs

U.S. stocks may test record highs next week as muted oil prices take center stage. But the September jobs report on Friday could keep traders cautious and upend a rally.
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Shutterfly to Trade on NASDAQ

Shutterfly Inc., an Internet-based digital photography website, announced on Friday its first public offering of common stock on NASDAQ which will begin trading at $15 per share.
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There's no 80 percent solution for retirement

Don't waste too much time mulling over those retirement rules of thumb that seem to pop up everywhere. They've never been very useful, but changes in the way people live and work make them even less so.
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Irrational mortgage bond prices polarize market

Buyers in the $565 billion market for so-called sub-prime mortgage bonds are clamoring for the high-yield securities, even though experts increasingly warn that pricing has reached irrational levels.
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FUND FOCUS-Commodities undervalued by 30 percent

The oil price might have fallen almost 25 percent from its peak, but the commodities sector as a whole is undervalued by around 30 percent giving further opportunity for growth according to one fund manager.
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Venture capital looks to find its global footing

Faced with mounting pressures of doing business in Silicon Valley, the venture capital industry is going global, albeit in stops and starts that reflect the risks of doing business in foreign lands.
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Close Brothers posts record profit

Close Brothers posted a record pre tax profit of 157 million pounds for the 2006 financial year, slightly above consensus estimates, boosted by strength in all its businesses, the UK bank said on Monday.
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Aberdeen hit by drop in dollar

Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.

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