overseas investment property

Sandoz Canada to create 100 jobs investing $80M in Quebec operations

BOUCHERVILLE, Que. (CP) - Sandoz Canada says it will create 100 more jobs investing $80 million in its Quebec operations to meet global demand for generic injectable pharmaceuticals.

"In addition to more than 100 new positions created in 2006, 100 additional jobs will be created in Canada over the next two years," Sandoz, a division of the Novartis Group, said Monday.

The $80-million investment includes:

-construction of a second manufacturing site;

-expansion of a drug development laboratory, purchase of state-of-the-art laboratory equipment and expansion of the quality-control laboratory;

- new manufacturing equipment for the existing plant; and

- the acquisition of additional property next to the head office.

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Search Engine Marketing Firm iProspect Announces Launch of ...

Boston (PRWEB) May 2, 2007 -- Search engine marketing firm iProspect today announced, as part of its global brand expansion, the launch of iProspect Norway and iProspect Denmark. The new offices make iProspect the largest search marketing network in Scandinavia.

Forging ahead with its global brand expansion, iProspect adds these two new locations to a list that already includes agencies in Spain, Sweden, and the Netherlands. The search engine marketing firm's plans for worldwide expansion will bring their experience and expertise to major markets.

"We are very excited about the opening of these two new offices," said Robert Murray, President, iProspect U.S. "Both iProspect Norway and iProspect Denmark are strong players in competitive markets. As iProspect agencies, they're clients will benefit greatly from our proprietary tools, process and best practices."

iProspect Norway currently works with an impressive roster of clients including: Expedia, Hotels.com and Dell.

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Reliance to unlock some treasury stock

India's largest private company, Reliance Industries, is on a huge fund-raising drive. After completing a preferential issue of 120 million warrants to promoters in February this year for Rs 16,824 crore, the Mukesh Ambani controlled company is now planning to mop up around Rs 10,000 crore through a combination of convertible bonds and treasury stock.

According to highly placed industry sources, the company is likely to issue foreign currency convertible bonds/ warrants/convertible debentures to be converted within 12-18 months at Rs 1,900-2,100 a share. The Reliance Industries scrip is trading at Rs 1,597 and the company has the highest market capitalisation of Rs 2,22,557 crore on the Indian bourses.

At the time of conversion, Reliance Industries would use treasury stock and not issue fresh equity in lieu of the convertible instruments, investment banking sources said on condition of anonymity.

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Rupee appreciates further in early trading

Mumbai, Feb. 26 (PTI): The rupee today appreciated further to Rs 44.1850/1950 in later morning deals against the US currency on the back of some dollar buying by importers due to higher global crude oil prices amid weak dollar overseas. In active trade at the Interbank Foreign Exchange (FOREX) market, the Indian unit opened sharply higher at Rs 44.14/16 a dollar from last Friday's close of Rs 44.20/21 per dollar on heavy dollar buying by some banks on behalf of their clients, mainly oil refinery companies. Global crude oil prices today touched USD 61.50 a barrel in Asian trade. Later, it was quoted slightly easier on bearish equity markets at Rs 44.1850/1950 in late morning deals, still higher from previous close. The dollar ended lower across the board Friday amid concerns that interest rates will rise in Europe but could remain frozen or even decline in the US.

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Seoul shares open higher on steel, brokerage gains

SEOUL, April 26 (Yonhap) -- South Korean stocks opened substantially higher Thursday, led by strong gains among steel and securities firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 13.56 points, or 0.88 percent, to 1,559.11 in the first 15 minutes of trading.

Leading steelmaker POSCO and smaller rival Hyundai Steel were both in the plus column.

Stock brokerages started higher as investors bet that a proposed capital market consolidation bill would boost their profits. Top brokerage Samsung Securities gained ground.

Samsung Electronics and other tech exporters also opened in positive territory.

The local currency was trading at 927.4 won to the U.S. dollar as of 9:15 a.m., down 0.7 won from Wednesday's close.

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Market regains 14-K level

Mumbai, May 14: Making a firm start today, the Bombay Stock Exchange benchmark Sensex climbed over 215 points to regain the 14,000 level. The upsurge was seen due to funds buying, fuelled by firming global markets.

Major banking sector stocks like State Bank of India and Punjab National Bank led this morning's rally at the stock market.

The 30-share index (Sensex) had gained nearly 25 points in the previous session.

It shot up by 216.03 points to be quoted at 14,012.19 in the first five minutes of trading largely on the back of a strong rally in index-related stocks.

Similarly, on the wide-based National Stock Exchange, Nifty was up by 74.20 points at 4,150.85.

Reports of firming global markets had encouraged the trading sentiments here, triggering massive buying by foreign funds.

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Insider trading concerns rise as stock options surge

While Kohlberg Kravis Roberts & Co., TPG Inc. and Bain Capital LLC meet behind closed doors to mount the world's biggest leveraged buyouts, their deals already are common knowledge in the stock options market.

Options trading jumped an average 221 percent in the three days before the 17 biggest U.S. takeovers of the past year were disclosed, compared with the average for the previous 50 days, data compiled by Bloomberg show. The acquisitions of Dallas-based electric utility TXU Corp., HCA Inc., the biggest U.S. hospital operator, First Data Corp., the world's largest processor of credit-card payments, and student loan company Sallie Mae were all preceded by a surge in seemingly well-timed options bets, according to the data.

The record $188 billion of LBOs announced in the first quarter is fueling U.S.