Tuesday, December 26, 2006

Funds 12/26/2006

Funds
ICICI Venture, India's Biggest Buyout Firm, to Increase Size of Purchases ICICI Venture Ltd., India's biggest buyout firm, plans to scale up the size of investments to earn bigger returns as company valuations surge and competition intensifies.
Carlyle, Blackstone, Other Buyout Firms Form Lobby Group Amid Inquiries Buyout firms including Carlyle Group and Blackstone Group LP formed the industry trade association Private Equity Council in Washington today as regulators increase their scrutiny.
Regulator Supports Chinese Banks' Plan to Set Up Insurers to Boost Income China's bank regulator said he's ``cautiously supportive'' of a plan by the country's banks to manage insurers, in a sign that the government may ease rules to allow financial institutions to expand into more businesses.
Citigroup Loses Business in Japan After Nikko Cordial's Regulatory Lapse Citigroup Inc., the world's biggest bank, is losing investment-banking business in Japan after the top two executives at partner Nikko Cordial Corp. resigned over charges of falsified earnings statements.
Maxis Rises in Malaysia on Report It May Bid for Stake in Hutchison Essar The shares of Maxis Communications Bhd., Malaysia's biggest cellular operator, rose after India's Hindustan Times reported it is among five companies that have bid for a stake in Hutchison Essar Ltd.
China's Securities Regulator Urges Brokerages to Sell Shares to the Public China's securities regulator said more of the country's brokerages should become publicly traded, use the equity markets to boost capital and prepare for competition with Wall Street brokers.
Gold May Rise for Second Week as Investors Seek Dollar-Asset Alternatives Gold may climb for the second-straight week as investors avoid dollar-denominated assets and purchase the precious metal.
Treasury Bond Gains Diminish Amid Cooling Demand From China, Central Banks Treasury bond gains may diminish because of waning demand from central banks in China and oil- producing nations.

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