Business news for Thu, 29 Nov 2007 & with words financial+investment. 17 news.

NEW YORK (AP) -- E-Trade Financial Corp., which flirted with collapse amid the growing mortgage crisis, said Thursday it is getting a $2.55 billion cash infusion from Citadel Investment Group in a bid to revive the battered discount brokerage....

CHINA Investment Corp, the nation's US$200-billion sovereign wealth fund, signaled it may invest in stocks rocked by subprime mortgage defaults. "CIC wants to be a stabilizing force in the international capital markets," Chairman Lou Jiwei told a conference in Beijing yesterday. He then cited a "recent example" in which a similar fund invested in a financial institution with subprime losses, without elaborating. Abu Dhabi Investment Authority this week agreed to buy a US$7.5-billion stake in Citigroup Inc, helping the biggest United States bank by assets to bolster capital eroded by credit-market losses. China Investment, which began operations in September, was set up to help improve returns on China's US$1.4 trillion of reserves and to oversee bailouts of the nation's own lenders, Bloomberg News said. "The steady stream of funds' buying of distressed assets tells us there is a buyer of last resort out there," said Robert Rennie, chief currency

PING An Insurance (Group) Co said yesterday it paid 1.81 billion euros (US$2.7 billion) to become the single biggest shareholder of Fortis, marking the biggest overseas investment by a Chinese insurer. Shenzhen-based Ping An bought a 4.2-percent stake, or 95.01 million shares, in Fortis, Belgium's biggest financial company, on the Euronext Brussels and Euronext Amsterdam stock exchanges on Tuesday, the insurer said in a statement yesterday. The two companies also signed a memorandum of understanding on Wednesday, which enables Ping An to appoint a non-executive director to Fortis. Fortis invited Ping An's President Louis Cheung to join the board. It is pending approval at a shareholders meeting in April, 2008. The two partners may also seek cooperation in other business areas, Ping An said in a statement on its Website. "The deal is a milestone in China's insurance sector," said Ping An Chairman Peter Ma in the statement. "The deal helps us to better use the

Venture investment in energy technology firms reached new highs this year, more than tripling the investment recorded for 2005, according to data released Wednesday by Thomson Financial and the National Venture Capital Association.

NEW YORK - Discount broker E-Trade Financial Corp. disclosed Thursday it is getting a $2.5 billion capital infusion from a group led by Citadel Investment Group and said Mitchell H.

NEW YORK (Reuters) - E*Trade Financial Corp is getting a $2.55 billion cash infusion from investors led by Citadel Investment Group, which is also buying the mortgage-related securities portfolio that has been the source of most of the discount brokerage's recent woes.

E*Trade Financial is getting a $2.5 billion cash infusion from hedge fund Citadel Investment. Mitch Caplan is stepping down as CEO of the discount brokerage firm, which has been ensnared by the mortgage crisis.

PING An Insurance (Group) Co said today it paid 1.81 billion euros (US$2.7 billion) to become the second biggest shareholder of Fortis, marking the biggest overseas investment by a Chinese insurer. Shenzhen-based Ping An bought a 4.2 percent stake, or 95.01 million shares, in Fortis, Belgium's biggest financial company, on the Euronext Brussels and Euronext Amsterdam stock exchanges as of Tuesday, the insurer said in a statement today. The two companies also signed a memorandum of understanding on Wednesday, which enables Ping An to appoint a non-executive director to Fortis. The purchase is in line with Ping An's global assets investments plan. Ping An is seeking to diversify by assembling a one-stop financial supermarket that will get two-thirds of its revenue from banking, securities and asset management. Ping An's shares ended at 109.98 yuan today in Shanghai, a gain of 7.45 percent. The benchmark Shanghai Composite Index rose 4.16 percent to 5,003.33 today.

(Reuters) -- Online brokerage E*Trade Financial Corp., which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group. E*Trade shares, which lost about 80 percent of their value ...

NEW YORK (Reuters) - Online brokerage E*Trade Financial Corp (ETFC.O), which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.

E*Trade Financial Corp. said Thursday it received a $2.5 billion investment from hedge-fund firm Citadel Investment Group.

E-Trade Financial Corp. said Thursday Mitchell H. Caplan has stepped down as chief executive as the troubled discount brokerage announced a $2.5 billion cash infusion from affiliates of Citadel Investment Group.

E*Trade Financial, the troubled Internet bank and brokerage, said Thursday it secured a $2.55 billion cash infusion from a group led by hedge-fund firm Citadel Investment Group. Funds managed by BlackRock will also contribute to the infusion, which E*Trade said will shore up its balance sheet and help restore customers’ confidence after it took big [...]

E-Trade Financial Corp. said Thursday Mitchell H. Caplan has stepped down as chief executive as the troubled discount brokerage announced a $2.5 billion cash infusion from affiliates of Citadel Investment Group.

The UK investment bank saw little effect from the credit squeeze as it posted a 30% rise in pre-tax profit and took on new business at the start of its financial year

Discount broker E-Trade Financial Corp. disclosed Thursday it is getting a $2.5 billion capital infusion from a group led by Citadel Investment Group and said Mitchell H. Caplan has stepped down as its chief executive.

What on earth is happening in the financial markets? Last week Northern Rock was going bust, stock markets were collapsing and the world banking system seemed to be going down the tubes. Now everything has reversed. Markets are soaring. Northern Rock shareholders, instead of losing everything, as expected a week ago are threatening to sue the Government unless they double their money. The Abu Dhabi Investment Authority (ADIA), the world's biggest investment institution, suddenly launched a dawn raid on Tuesday to snap up $7.5 billion worth of shares in Citicorp, the world's biggest and most troubled bank. So is the financial world about to collapse or are all the crises over?