The News Review:
- Africa: MTN’s $700 Million Investment to Increase Interest in …
- De Beers taking ‘serious look’ at diamonds as investment
- TowerGroup: New Reg Structure Coming For Investment Advisers
- Cautious investing curbs income
- Water Street Healthcare Partners Expands Team With Senior …
Africa: MTN’s $700 Million Investment to Increase Interest in …
AllAfrica.com
The 15000 kilometre high bandwidth optical-fibre to be built by Alcatel-Lucent beginning next month will link other planned cable systems in Africa to global telecommunications infrastructure via Asia and Europe. GA_googleFillSlot( “AllAfrica_Story_InsetA” );MTN’s cable is expected to increase interest in East Africa’s Internet broadband sector which is already gearing up for three major fibre-optic cables soon. The EIG will provide a central linking point for cable systems including the East African Submarine Cable System (Eassy) and the West African Cable System (WACS) which MTN also has a stake in. The EIG cable equipped with upgradeable transmission facilities is expected to reduce operating costs for broadband services as well as increase efficiency reports The East African.
De Beers taking ‘serious look’ at diamonds as investment
National Jeweler Network
De Beers spokeswoman Lynette Gould said over the last few months a number of people–both representatives of high-net-worth individuals and funds–have approached De Beers expressing interest in investing in diamonds as an asset likely due to the recent investment boom in commodities. “These approaches” she said “have caused us to have a serious look at this opportunity. “Gould notes that while De Beers traditionally has not been interested in diamonds as an investment–fearing that it would cause price volatility and speculation that could ruin the market for the stones as a luxury product–the “changing business environment” has the diamond giant changing its tune. “Diamonds for investment could offer an as yet untapped further source of demand” Gould said. Gould’s response came after an article appeared on Friday in London’s Financial Times stating that De Beers has launched a “global campaign” to convince investors that diamonds are on par with gold as a safe haven for investment. Gould however stopped short of calling De Beers’ current interest in diamonds as an investment a “campaign” on the same level as the enduring-value campaign it used to promote diamonds this past holiday season. “It’s just something we’re looking into very early days” she said.
Related from Worlddiamondcongress2008: De Beers presents diamonds as safe-haven investments
TowerGroup: New Reg Structure Coming For Investment Advisers
Securities Industry News (subscription)
CurtisPressure for tighter regulation of investment advisers is likely to result in the emergence of a new regulatory structure under which rules-based governance will mix with principles-based enforcement for broker-dealers as well as registered investment advisers (RIAs). The prediction from Needham Mass. -based research firm TowerGroup in a report released May 18 “Broker vs. Adviser Regulation” comes in the midst of growing investor demands for federal oversight of RIAs. As a result says Tower current regulations “will undergo dramatic changes as regulators and legislators respond to investors’ outcry over instances of malfeasance and questionable sales practices.
Cautious investing curbs income
Fort Wayne Journal Gazette
Like shorter-term CDs at a bank these investments provide less interest. Mourdock said when he took office he was able to get about 5 percent interest on money from the lease of the Indiana Toll Road which is invested for five years. The state typically invested other money for two years but he said the state isn’t investing any money for more than a year now. Because of the shorter investment cycle he said the state is getting less than a 1 percent return. The main role of the state treasurer is to invest the state’s resources. Indiana is not allowed to invest in stocks only in U.
Water Street Healthcare Partners Expands Team With Senior …
PR Newswire (press release)
The firm has a strong track record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world leading health care companies on its investments including: Johnson & Johnson Medtronic and Smith & Nephew. Water Street’s team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street visit.